Business
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.
Mar 10, 2021
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Business
Air freight traffic has returned to pre-pandemic levels, the International Air Transport Association said Tuesday, but passenger traffic slumped further in January.
Mar 2, 2021
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Business
Global air passenger traffic plunged by an unprecedented 66 percent in 2020 owing to travel restrictions imposed during the COVID-19 pandemic, an industry group said Wednesday.
Feb 3, 2021
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Business
The company that runs Frankfurt's airport said Monday that passenger numbers in 2020 plunged to their lowest since the 1980s as the coronavirus pandemic devastated the travel sector.
Jan 18, 2021
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Business
Dubai-based Emirates airline on Thursday posted its first loss in more than three decades, saying it had been badly hit by the coronavirus lockdown that brought air transport to "a literal standstill".
Nov 12, 2020
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Business
Nearly 200 European airports risk insolvency in the coming months if passenger traffic does not recover, a trade association warned on Tuesday, as nations contemplate further lockdowns to combat a second wave of the coronavirus ...
Oct 27, 2020
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Business
Global airlines have revised traffic forecasts lower, sector federation IATA said Tuesday, warning that hundreds of thousands of jobs are at risk without more state aid.
Sep 29, 2020
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Business
Six months since the coronavirus pandemic upended the global airline industry, Ethiopian Airlines is facing a heavy toll: more than $1 billion in lost revenue, to say nothing of 850 infected employees.
Sep 29, 2020
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Business
United Airlines says it listened to customers and is dropping an unpopular $200 fee for most people who change a ticket for travel within the United States.
Aug 31, 2020
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Business
American Airlines said Tuesday it will cut more than 40,000 jobs, including 19,000 through furloughs and layoffs, in October as it struggles with a sharp downturn in travel because of the pandemic.
Aug 25, 2020
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