Berlin to sell part of its stake in Lufthansa group
The German government said Monday it will sell part of the 20 percent stake it took last year in Lufthansa to prop up the airline group during the coronavirus pandemic.
Aug 16, 2021
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Business
News tagged with restrictions
Peloton shares jump on reports of possible Amazon deal
Shares in at-home fitness company Peloton jumped Friday evening in extended trading on Wall Street amid reports of the company's potential takeover by e-commerce giant Amazon.
Feb 5, 2022
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Computer Sciences
Prepare for landing: Making airports more efficient
Air traffic is a significant and complex problem. Near misses between passenger planes on runways have been making headlines lately and raising safety concerns as airports try to accommodate more travelers in the wake of ...
Mar 28, 2023
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Business
Thousands of British Airways employees face job losses
Some 4,000 British Airways workers are learning Friday whether they will be fired as the airline slashes jobs amid the drop in demand and travel restrictions stemming from the COVID-19 pandemic.
Aug 7, 2020
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Business
Airbus cuts 15,000 jobs to face aviation's 'gravest crisis'
European aircraft maker Airbus said on Tuesday it is planning to cut around 15,000 jobs worldwide, 11 percent of its total workforce, in response to the "gravest crisis" the industry has ever seen caused by the coronavirus.
Jun 30, 2020
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Iberia to resume domestic, medium-haul flights in July
Spanish airline Iberia said Thursday it plans to resume some short- and medium-haul services in July for the first time since the country grounded air services in March as part of its coronavirus lockdown.
May 28, 2020
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Business
US tech titans stumble after pandemic boom
Amazon and Apple were a relative bright spot in a week of otherwise lackluster earnings results for an industry reckoning with the end of heady pandemic-era growth.
Jul 29, 2022
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Virus-hit Fiji Airways cuts workforce by half
Pandemic-hit Fiji Airways fired more than half its workforce Monday, as travel restrictions put the islands' vital tourism sector in deep freeze and reduced the national carrier's revenue to "virtually zero".
May 25, 2020
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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 ...
Mar 24, 2020
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Business
United will cut up to 2,850 pilots without more federal aid
United Airlines said Thursday that it will furlough up to 2,850 pilots this fall unless the federal government provides more relief to help airlines cover their labor costs during a pandemic-fueled downturn in travel.
Aug 28, 2020
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