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

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

Virus-stricken airlines face bailout or bust

Airlines worldwide face an unprecedented existential threat as the coronavirus shuts down global travel, leaving governments with controversial and costly decisions about which carriers to bail out.

Business

Audit slams safety US oversight of Southwest Airlines

The Federal Aviation Administration's lax oversight allowed Southwest Airlines to put millions of passengers at risk, according to a new audit that adds to scrutiny of the US regulator.

Business

Airlines face another bleak year as outlook worsens

Airlines face another bleak year with steeper losses than previously forecast, as some regions struggle to speed up COVID-19 vaccination campaigns and control virus variants, an industry group said Wednesday.

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