Business

British Airways parent IAG logs vast loss on virus

IAG, the owner of British Airways and Spanish carrier Iberia, dived into a net loss of 1.76 billion euros ($2.1 billion) in the third quarter on coronavirus fallout, it said Friday.

Business

Air travel not expected to recover until 2024

Global air travel is recovering more slowly than expected and it will take until 2024 to return to pre-pandemic levels, the trade association for the airline industry said Tuesday.

Business

France slams Ryanair 'blackmail' over job ultimatum

France on Tuesday denounced as "blackmail" an ultimatum from low-cost carrier Ryanair for its French employees to choose between a five-year pay cut or a number of redundancies in an escalating labour dispute.

Business

Heathrow airport urges roadmap for quarantine exit

London's Heathrow airport on Monday urged the British government to issue a "roadmap" for its planned coronavirus quarantine for air travellers, after revealing traffic almost evaporated in April.

Business

Aviation industry warns of cargo capacity shortfall

The global aviation industry warned Tuesday of a severe cargo capacity shortage as airlines around the world slash jobs and suffer plunges in profits due to the coronavirus crisis.

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