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.

Business

Emirates airline posts first loss in more than 30 years

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".

Business

Nearly 200 European airports risk going bankrupt

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 ...

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