Business

France pledges 15 bn euros for stricken aviation firms

The French government on Tuesday pledged 15 billion euros ($16.9 billion) for the country's aviation industry, where thousands of jobs are on the line as the coronavirus crisis hammers the travel industry.

Business

JAL cuts profit forecast more than 40% as virus bites

Japan Airlines on Wednesday slashed its forecast for annual net profits by 43 percent because of the coronavirus, making it the latest carrier to fly into virus-related turbulence as global tourism plummets.