Business
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.
Jul 8, 2020
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Business
Boeing's communications chief resigned Thursday following a complaint over an article he wrote more than 30 years ago contending that women should not serve in combat.
Jul 3, 2020
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Business
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.
Jul 2, 2020
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Business
Africa's travel and tourism industry has lost $55-billion due to the closure of borders to limit the spread of coronavirus, the African Union said Thursday.
Jul 2, 2020
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Business
Administrators for Virgin Australia said Friday they had accepted a bid from US private equity giant Bain Capital to buy the pandemic-felled airline.
Jun 26, 2020
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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
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
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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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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