Business

US airport chaos as more than 2,700 flights cancelled

Air travel continued to be severely disrupted in the United States on Saturday, with bad weather in parts of the country adding to the impact of a massive spike in Covid-19 infections fuelled by the Omicron variant.

Business

Ryanair doubles annual loss forecast on Omicron

Low-cost airline Ryanair said Wednesday that the Omicron coronavirus variant would have a strong impact on its financial performance as it more than doubled the forecast for its annual loss and cut back flights.

Business

Uber posts 4Q profit as ride-hailing service bounces back

Uber's ride-hailing service edged closer to returning to its pre-pandemic levels during the final three months of last year, but its prospects remain clouded by the future direction of the novel coronavirus that has plagued ...

Widespread flight cancellations continue as omicron spreads

Hundreds of flights were cancelled Wednesday as the omicron variant creates havoc both for travelers and for airlines that are having to cobble together flight crews as pilots, flight attendants and ground crews become infected ...

Business

COVID variant causes Southwest to lower hopes for 3Q profit

Southwest Airlines said Wednesday that it no longer expects to turn a profit in the third quarter as a surge in COVID-19 infections fueled by the highly contagious delta variant darkens the outlook for travel.

Business

United Airlines scores 3Q profit as more travel returns

An improvement in customer travel levels helped United Airlines report a profit in the third quarter on Tuesday even as it pointed to higher jet fuel costs as the latest challenge facing the industry.

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