Business

Airline industry sees long-term rebound for sector

After flying into the financial turbulence of the Covid pandemic, the airline sector expects passenger traffic to take off despite concerns about the industry's impact on climate change.

Business

Air France gets EU green light for 4 bn euro aid

The EU authorised the French government on Tuesday to double its stake in Air France and inject up to four billion euros into the struggling airline whose revenues have been hit by the pandemic-induced drop in passenger traffic.

Business

US air travel hits highest level since March 2020

Airports in the United States saw their largest number of passengers in a year on Friday, data showed, following a shuddering halt in travel brought on by the COVID-19 pandemic.

Business

Aeroflot logs heavy 2020 loss

Russia's flagship airline Aeroflot announced Wednesday heavy losses for 2020 as coronavirus-related restrictions grounded planes around the world.

Business

Cathay Pacific posts record loss, warns of long recovery

Hong Kong carrier Cathay Pacific said Wednesday it suffered a record $2.8 billion loss last year as the coronavirus pandemic wiped out demand for travel—and the airline warned of a long road to recovery ahead.

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