Business

United Airlines posts $1.9 billion loss in pandemic-laden 4Q

United Airlines said Wednesday that it finished one of the worst years in its history by losing $1.9 billion in the last three months of 2020, and it predicted more of the same in the first quarter of this year.

Business

Airline sector takes historic hit

The aviation industry has taken a historic hit from the coronavirus and pending an effective vaccine, can only bounce back with systematic testing, sector association IATA said Tuesday.

Business

BA, American Airlines plan voluntary COVID-19 testing plan

British Airways said Tuesday that it will start testing passengers flying from the U.S. to London's Heathrow Airport for COVID-19 in an effort to persuade the British government it should scrap rules requiring most international ...

Business

Air industry urges rapid testing instead of quarantine

The global aviation industry called on Tuesday for the development of rapid virus tests for all passengers before departures as an alternative to quarantine measures, in a bid to get people flying again.

Business

$2.1 billion Asiana Airlines takeover collapses

A $2-billion-plus deal for a South Korean property developer to take over lossmaking Asiana Airlines collapsed Friday in the wake of the coronavirus pandemic, with state-owned banks mounting a bailout to try to save 9,000 ...

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