Business

Ryanair doubles annual loss forecast on Omicron

Low-cost airline Ryanair said Wednesday that the Omicron coronavirus variant would have a strong impact on its financial performance as it more than doubled the forecast for its annual loss and cut back flights.

Business

American Airlines CEO to step down in March

Veteran American Airlines Chief Executive Doug Parker plans to step down in March and will be succeeded by his deputy, Robert Isom, the carrier announced Tuesday.

Business

Airline giant IAG slashes losses on COVID recovery

British Airways owner IAG said Friday that its bottom-line loss shrank sharply in the third quarter, as Covid travel curbs were lifted, and expressed hope for a return to profit next year.

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