Business
Hungarian budget airline Wizz Air said on Tuesday it is cutting 1,000 jobs and cutting salaries for the remaining staff as it struggles to cope with Europe's coronavirus lockdown.
Apr 14, 2020
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Business
Airline passenger revenues are set to plunge by 55 percent, or $314 billion, in 2020 due to the coronavirus pandemic, the International Air Transport Association said Tuesday.
Apr 14, 2020
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Business
European aircraft manufacturer Airbus on Wednesday said it had cut production of its planes by around a third, as global airlines scale back their plans in an unprecedented crisis for the industry.
Apr 8, 2020
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Business
The coronavirus pandemic sent global air passenger demand plunging 14 percent in February, marking the steepest decline in traffic since the September 11 attacks in 2001, the global aviation association said Thursday.
Apr 2, 2020
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Business
As coronavirus grounds airlines, plunging the industry into unprecedented crisis, Middle East carriers that have been in the red for years must urgently tap assistance from governments facing their own revenue slump.
Mar 27, 2020
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Business
The coronavirus pandemic could spell "apocalypse" in the airline industry without urgent government aid, the global aviation association said Tuesday, warning that carriers could lose more than $250 billion in revenues this ...
Mar 24, 2020
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Business
Seven Middle Eastern countries have suspended all commercial flights due to a fast-spreading new virus as the aviation industry's largest trade association announced Thursday that airlines in the region have already lost ...
Mar 19, 2020
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Business
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.
Mar 17, 2020
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Portugese airline TAP said Thursday it would cut roughly 1,000 flights in March and April as it seeks to adjust to a drop in demand due to the spread of the new coronavirus.
Mar 5, 2020
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Business
The International Air Transport Association says the virus outbreak that began in China could cost airlines as much as $113 billion in lost revenue due to the collapse of air travel.
Mar 5, 2020
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