Business

Boeing sees full commercial air recovery by 2024

Boeing said Tuesday that the commercial aviation market should fully recover by 2024 from its pandemic slump, as the industry giant lifted its aerospace forecast for the next decade.

Business

Australian watchdog blocks Qantas-Japan Airlines deal

Australia's competition regulator on Monday definitively blocked a pricing, code-sharing and scheduling deal between Qantas and Japan Airlines, saying the arrangement would hurt consumers.

Business

Hong Kong carrier Cathay Pacific posts $972 mn first-half loss

Struggling Hong Kong carrier Cathay Pacific on Wednesday said its losses in the first half of the year narrowed to $972 million but warned its outlook remained uncertain as the coronavirus pandemic continues to hammer international ...

Business

Pent-up travel demand helps Lufthansa halve losses

German airline Lufthansa said Thursday it halved its losses in the second quarter compared to a year ago, as travel restrictions eased over the coronavirus pandemic and passengers returned.

Business

Australia's Qantas to furlough 2,500 workers

Australian airline Qantas announced Tuesday it will furlough 2,500 workers as coronavirus outbreaks and regional lockdowns pummel demand for flights.

Business

Air France-KLM sees 'first signs of recovery'

Air France-KLM said Friday that it narrowed its loss in the second quarter and saw the "first signs of recovery" in the aviation sector as countries ease coronavirus restrictions and vaccination campaigns continue apace.

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