Business
British low-cost airline EasyJet, blighted by the coronavirus fallout, said Thursday it has raised £419 million ($523 million, 463 million euros) via a share placing as it tries to cope with disappearing demand for air travel.
Jun 25, 2020
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Business
Lufthansa's top shareholder on Wednesday said he would back a nine billion euro government rescue package, removing the threat of a last-minute veto that could have plunged the German airline into bankruptcy.
Jun 24, 2020
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Business
Google is expected to see its first decline in US ad revenues this year as the coronavirus pandemic hits travel advertising, a market tracker said Monday.
Jun 22, 2020
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Business
Domestic US travel spending is expected to collapse this year amid the coronavirus pandemic, suffering a 40 percent decline compared to 2019, while international spending will plunge 75 percent, according to new research.
Jun 19, 2020
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Business
Airbnb said Thursday it has seen a "bounce" in bookings as the home-sharing platform unveiled an initiative to promote short-range travel as pandemic restrictions ease.
Jun 11, 2020
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Business
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.
Jun 9, 2020
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Energy & Green Tech
New smart parking software developed by Cornell University researchers, which matches drivers with parking garage spots based on travel time and other factors, could reduce congestion and emissions while saving drivers the ...
Jun 8, 2020
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Business
France on Tuesday denounced as "blackmail" an ultimatum from low-cost carrier Ryanair for its French employees to choose between a five-year pay cut or a number of redundancies in an escalating labour dispute.
Jun 2, 2020
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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
State-owned Kuwait Airways said Thursday it will lay off 1,500 expatriate employees due to "significant difficulties" caused by the coronavirus pandemic.
May 28, 2020
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