Business

AirAsia's future in doubt due to virus; share price tumbles

The future of top regional budget carrier AirAsia is in "significant doubt" after the collapse in travel demand caused by coronavirus, its auditor warned, sending the airline's share price tumbling nearly 18 percent on Wednesday.

Business

American and 4 other airlines reach loan agreements with US

American Airlines and four smaller carriers have reached agreement with the government for billions more in federal loans, a sign of the industry's desperate fight to survive a downturn in air travel caused by the virus pandemic.

Business

Slow takeoff for aviation in Europe

After coronavirus lockdowns that brought civil aviation to nearly a complete halt air traffic is slowly resuming in Europe as borders reopen, but tens of thousands of jobs are still hanging in the balance.

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.

Business

Boeing 737 MAX could take off Monday for commercial survival

Boeing's 737 MAX plane could begin key recertification flight tests as soon as Monday, a crucial step for the survival of a top-selling plane that has been grounded for more than a year following two fatal crashes.

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