TAP Air Portugal cancels 1,000 flights

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.

Business

Airline revenues to nosedive by 55% in 2020: IATA

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.

Business

Airlines' fragile recovery from COVID

Airlines are recovering from huge COVID fallout but face fresh turbulence from rocketing inflation while airports battle to cope with booming demand.

Business

Latin America's stricken airlines facing long haul to recovery

Latin America's beleaguered airlines will take up to three years to recover losses due to the coronavirus pandemic, and in the meantime desperately need government help, according to experts surveying the damage to the industry.

Business

Airlines given $123 bn in state aid: industry

Governments have provided airlines $123 billion to help weather the coronavirus storm, the global aviation industry said Tuesday, warning though that the assistance was adding to surging debt in the industry.

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.

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