Business

COVID variants to slow air traffic recovery: IATA

Global air passenger traffic will recover more slowly than expected this year because coronavirus variants have created strong headwinds, an industry group warned Wednesday.

Business

Boeing to cut 10% of work force as 1Q revenue, profit slide

Boeing outlined plans Wednesday to cut 10% of its workforce, slow production of new planes and raise more cash to survive a downturn in business that started with the grounding of its best-selling jet and has accelerated ...

Business

Air traffic plunges 53% in March: IATA

World air traffic suffered a massive drop of more than half in March compared with the same period last year thanks to coronavirus-related travel restrictions, the airline industry's trade body said Wednesday.

Business

Airlines to return to profit in 2023: IATA

Airlines are expected to return to profit next year for the first time since 2019 despite slowing global growth as they recover from a COVID-induced crisis, an industry group said Tuesday.

Business

Pandemic savages airline sector

Dizzying losses, the looming threat of bankruptcies and tens of thousands of people thrown out of work: the aviation industry has been devastated by COVID-19 and there is still no light at the end of the tunnel. The sector ...

Swissport says to axe over 4,000 UK jobs

Airport services group Swissport said on Wednesday it plans to axe more than 4,000 jobs, or about half its UK workforce, as the coronavirus pandemic keeps planes grounded.

Business

Airline alliances urge testing over quarantines

Three global airline alliances are urging governments to put into practice common guidelines for passenger testing and digital health pass technology, to help people start flying again.

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