Cathay job cuts inevitable as headwinds persist, Jefferies says
Cathay Pacific Airways Ltd. will inevitably cut jobs as it reshapes operations to cope with the devastating impact of the coronavirus pandemic, according to Jefferies…
Lockdowns halt Europe’s air-travel recovery, threaten jobs
The demise of Europe’s air-travel rebound and a fresh warning on jobs from Airbus SE are adding to evidence that the region’s aviation industry is…
U.S. Airlines report second quarter 2020 losses
U.S. scheduled passenger airlines reported a second-quarter 2020 after-tax net loss of $11.0 billion and a pre-tax operating loss of $16.2 billion.
Delta to raise $6.5 billion in debt backed by miles program
Delta Air Lines Inc. will use its frequent-flyer program as collateral in a $6.5 billion debt sale, mirroring other U.S. carriers that have tapped the…
AP Air Portugal announces new routes for 2021
TAP Air Portugal is taking advantage of seasonal expansion opportunities to plan and deepen its network beyond Portugal across Europe and Africa.
Airbus set to unveil Made-in-America A220, cutting in on Boeing’s home turf
Airbus SE is preparing to deliver its first U.S.-made A220 jetliner to Delta Air Lines Inc. as soon as this month, underscoring the European planemaker’s…
Thai Airways gets nod for $11 billion debt rescue plan
Thai Airways International Pcl, the nation’s flagship carrier, got court approval for its business restructuring on Monday.
Restructure or die, Cathay warns as it burns through millions a month
Cathay Pacific Airways Ltd. is still burning through as much as HK$2 billion ($258 million) a month and will continue to do so until the…
Avianca tells Colombia court that carrier can guarantee loan
A Colombian court temporarily blocked a $370 million government loan to Avianca Holdings SA after a citizen expressed concern about a lack of guarantees.
Singapore Air cuts 4,300 jobs as pandemic devastates airlines
Singapore Airlines Ltd. is eliminating about 4,300 jobs as the coronavirus outbreak devastates the aviation industry.
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