Business

Airline alliances urge testing over quarantines

Three global airline alliances are urging governments to put into practice common guidelines for passenger testing and digital health pass technology, to help people start flying again.

Business

British Airways parent IAG logs vast loss on virus

IAG, the owner of British Airways and Spanish carrier Iberia, dived into a net loss of 1.76 billion euros ($2.1 billion) in the third quarter on coronavirus fallout, it said Friday.

Business

GE reports smaller loss, shares rise

General Electric reported a smaller quarterly loss Wednesday on lower revenues and a continued slump in aviation, but said it would be cashflow positive in 2021 following cost-cutting moves.

Business

Lufthansa says 30,000 jobs at risk over pandemic

Germany's Lufthansa has warned that 30,000 jobs are under threat as it scaled down its winter schedule to levels not seen since the 1970s as demand for travel collapses because of the coronavirus pandemic.

Business

Airbus to keep A320 output at 40 per month

European aircraft giant Airbus said Friday it will maintain production of its workhorse A320 plane at 40 per month to mid-2021 when it expects the aviation industry to have recovered from the coronavirus pandemic.

Business

American Airlines reports $2.4 bln loss in Q3

American Airlines announced Thursday that its earnings plunged 73 percent in the third quarter amid the collapse in air travel during the coronavirus pandemic, causing a loss of $2.4 billion, which was not as bad as analysts ...

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