Business

Airlines headed for $84 bln net loss in 2020: IATA

International airlines are in line to make a combined net loss of more than $84 billion this year in the wake of the coronavirus crisis which has decimated air travel, the International Air Transport Association said Tuesday.

Business

Virgin Atlantic cuts over 3,000 jobs on virus impact

Virgin Atlantic will cut over 3,000 jobs —around a third of staff—as the coronavirus pandemic grounds planes worldwide, the British carrier part-owned by tycoon Richard Branson announced Tuesday.

Business

LATAM airline suspends international flights

Latin America's biggest airline, the Brazilian-Chilean group LATAM, is suspending all international flights until May because of the coronavirus pandemic.

Business

Trump says airline rescue plan coming soon

US President Donald Trump said Thursday his administration would present a plan this weekend to save the flagging airline industry, which is facing vastly reduced business as a result of the coronavirus pandemic.

Security

Coronavirus confinement challenges intelligence services

The home confinement of hundreds of millions of people worldwide to halt coronavirus contagion has presented intelligence services with a challenge: monitoring an explosion in internet traffic, above board and not, even as ...

Business

Virus-stricken airlines face bailout or bust

Airlines worldwide face an unprecedented existential threat as the coronavirus shuts down global travel, leaving governments with controversial and costly decisions about which carriers to bail out.

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