Business

SAS airline slashes 5,000 jobs over corona crisis

Scandinavian airline SAS said Tuesday it would lay off up to 5,000 employees as the new coronavirus pandemic has wiped out demand for air travel which would not return to normal for "some years".

Business

Expedia raising $3.2 bn to weather pandemic hit

Expedia on Thursday appointed a new chief executive and said it would raise $3.2 billion to ride out the devastating slump in the travel industry linked to the virus pandemic.

Business

Boeing reports more order cancelations in March

Boeing saw a spike in canceled plane orders in March, due to the travails of the 737 MAX as well as the hit to air travel from COVID-19, the company reported Tuesday.

Business

Air France-KLM sees more than 90% of planes grounded

Air France-KLM passenger numbers plunged nearly 57 percent in March and it expects more than 90 percent of its planes to be grounded this month and in May due to the coronavirus crisis, the group said Thursday.

Business

Boeing shutters last commercial plane production

Boeing announced Monday it is suspending production of its 787 Dreamliner aircraft "until further notice" due to the impact of the coronavirus pandemic on workers and suppliers.

page 30 from 34