Deeper job cuts at Boeing as pandemic throttles air travel
Boeing said Wednesday that it will cut 7,000 more jobs as it continues to bleed money during a pandemic that has smothered demand for new airline planes. The company said Continue Reading
Air traffic to fall 66% in 2020 as COVID-19 crisis continues: IATA
The airline industry is gearing up for a difficult fourth quarter in 2020 as fresh outbreaks of coronavirus continue to crop up and restrictions remain in place on cross-border travel, Continue Reading
Airlines continued to suffer in Q3 as fleet capacity returning outpaced demand: IATA
Initial third-quarter financial results from airlines show airlines have had low revenues due to weak travel demand caused by the coronavirus pandemic as global fleet capacity has increased, the International Continue Reading
British Airways warns of deepening travel slump as losses mount
British Airways owner IAG ICAG.L warned the travel slump from the coronavirus pandemic had deepened, forcing it to axe even more of its winter flying schedule after it reported on Continue Reading
The Oil Market Has an Aviation Problem
After an unprecedented drop in air travel due to the coronavirus, passenger airlines are being forced to make long-term, make-or-break decisions at a time of great uncertainty and minimal cash Continue Reading
Boeing says pandemic will cut demand for planes for a decade
Boeing is lowering its expectations around demand for new planes over the next decade as the coronavirus pandemic continues to undercut air travel. The company on Tuesday predicted that the Continue Reading
Airlines Poised to Sideline Over 30,000 Workers as Washington Debates Relief
After an unprecedented drop in air travel because of the coronavirus, passenger airlines are being forced to make long-term, make-or-break decisions at a time of great uncertainty and minimal cash Continue Reading
Aviation group sets out pathways to halve carbon emissions by 2050
The global aviation industry can slash its CO2 emissions in half by 2050 and reach net-zero emissions about a decade later, aviation industry group the Air Transport Action Group said Continue Reading
Top U.S. airlines starting 32,000 furloughs as bailout hopes fade
American Airlines and United Airlines, two of the largest U.S. carriers, said they were beginning furloughs of over 32,000 workers on Thursday as hopes faded for a last-minute bailout from Continue Reading
Will Jet Fuel Demand Ever Recover?
Airlines were banking on summer travel to offset some of the steep losses from grounded flights in the second quarter. Although everyone knew that air travel would take the longest Continue Reading