GE burns more cash than expected as jet-engine unit drags
General Electric Co. burned more cash than analysts expected in the first quarter, crimping Chief Executive Officer Larry Culp’s turnaround push after recent signs of…
France plans talks on US flights as it trials vaccine passport
France said it’s moving toward a rollout of so-called vaccine passports aimed a jump-starting travel as trials start on internal flights, while planning discussions on…
Airline with 14,000 staff for 30 planes to cut half its workforce
Pakistan International Airlines Corp. will lay off half of its 14,000 employees, replace some of its fleet and permanently close loss-making routes in a bid…
Airlines brace for a ‘longer and deeper’ crisis in 2021
IATA, the International Air Travel Association, has warned that 2021 will mean global losses of $47.7bn for airlines, a slightly worse outlook than their December…
ANA HOLDINGS announces net zero emissions as part of 2050 ESG goals
ANA HOLDINGS INC. (hereinafter “ANA HD”) has announced that it plans to reduce carbon emissions levels from aircraft operations to net zero by 2050 as…
WFS and Air Canada join forces to support Canada’s Covid-19 vaccine campaign
Worldwide Flight Services (WFS) and Air Canada are working closely with the Canadian government to transport vial caps for doses of the COVID-19 vaccine to…
Gain in US durables orders trails forecast on plane bookings
Orders for U.S. durable goods rose less than expected in March as a decrease in bookings for commercial aircraft interrupted recent strength in manufacturing.
Airlines see Covid setbacks driving them to $48 billion loss
The airline industry’s chief lobby group widened its estimate for losses this year by about a quarter, saying new Covid-19 flare-ups and mutations have pushed…
Ethiopian launches high-end COVID-19 testing lab at its hub
Ethiopian Airlines Group, Africa’s leading Airline, is pleased to announce that it has joined hands with BGI Health Ethiopia, a subsidiary of China's biotech giant,…
American Air sees ‘continued recovery’ as flyers start to return
American Airlines Group Inc. reported a smaller-than-expected loss, bucking the pattern set by its two largest rivals, and predicted a “continued recovery” from an unprecedented…
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