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

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

Airlines headed for $84 bln net loss in 2020: IATA

International airlines are in line to make a combined net loss of more than $84 billion this year in the wake of the coronavirus crisis which has decimated air travel, the International Air Transport Association said Tuesday.

Business

Singapore Airlines to pilot digital COVID travel pass

Singapore Airlines will begin trialling a coronavirus digital travel pass developed by aviation's industry body next week, the carrier said Monday, the first airline to pilot the scheme as the pandemic-hit sector seeks to ...

Business

Airlines headed for 'apocalypse' without aid: IATA

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 ...

Business

Mideast airlines must tap handouts to survive virus crisis

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.

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