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.

Energy & Green Tech

Chinese company gives leftover hotpot oil second life as jet fuel

At an upmarket restaurant in the hotpot-loving Chinese city of Chengdu, diners plunge sliced meat and vegetables into cauldrons of spicy, oily broth, largely unaware that their leftovers are set to take on a second life as ...

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

Steady need for new planes despite pandemic: Airbus

The pandemic will have no long-term impact on the need for new aircraft, according to a market outlook released Saturday by European plane maker Airbus, which foresees greener fleets emitting less CO2.

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

Airline industry sees long-term rebound for sector

After flying into the financial turbulence of the Covid pandemic, the airline sector expects passenger traffic to take off despite concerns about the industry's impact on climate change.

Business

Airlines hit wall of debt after COVID grounding

Their fleets grounded for months owing to the coronavirus, airlines have sought with varying degrees of success state assistance to avoid going under altogether.

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