Business

Mideast airlines lose $7B as airports shut to combat virus

Seven Middle Eastern countries have suspended all commercial flights due to a fast-spreading new virus as the aviation industry's largest trade association announced Thursday that airlines in the region have already lost ...

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.

Business

Boeing lifts China plane demand outlook as economy picks up

Plane-making giant Boeing said Thursday it expects China to buy more than 8,600 new aeroplanes worth $1.4 trillion in the next two decades, increasing its forecast as the country recovers from the coronavirus outbreak.

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