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 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.

Business

Airlines headed for 'apocalypse' without aid: IATA

The coronavirus pandemic could spell "apocalypse" in the airline industry without urgent government aid, the global aviation association said Tuesday, warning that carriers could lose more than $250 billion in revenues this ...

Business

US airlines slash flights over virus crisis

US airlines have announced drastic reductions in flights after President Donald Trump's administration banned foreign travelers arriving from Europe.

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