Air Freight News
Europe’s discount carriers look to gain share as rivals shrink
Even as the coronavirus pandemic hammers airlines around the world, discount carriers in Europe including Ryanair Holdings Plc and Wizz Air Holdings Plc are looking…
China’s air travel recovery shows power of vast home market
China’s biggest airlines could provide some much-needed encouragement for an aviation industry starved of good news when they report earnings later this week.
Air New Zealand sees back-to-back losses as crisis persists
Air New Zealand reported its first full-year loss in 18 years and said it is unlikely to return to profit soon as the coronavirus pandemic…
White House weighs help for airline workers if no stimulus deal
White House chief of staff Mark Meadows said the Trump administration is examining executive actions to help airlines avoid employee furloughs if Congress doesn’t provide…
AirAsia X seeks debt help with flights unlikely until 2021
AirAsia Group Bhd.’s long-haul arm said it needs to reach agreements with major creditors to restructure outstanding debt as it faces “severe liquidity constraints” that…
Branson clears crucial hurdle in rescue of Virgin Atlantic
Billionaire Richard Branson cleared a crucial obstacle on the tortuous journey to rescue his flagship airline, hobbled by the coronavirus pandemic.
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American Air sees 19,000 job cuts once US payroll aid expires
American Airlines Group Inc. will cut 19,000 workers once federal payroll aid expires as scheduled on Oct. 1, capping a 30% workforce reduction since the…
Kenya Airways pilots win reprieve from court in jobs clash
A court ordered Kenya Airways Plc to stop a plan to fire some pilots pending the determination of a case challenging the move, according to…
Finnair to cut 1,000 jobs as virus rips through its business
Finland’s national carrier Finnair Oyj plans to eliminate as much as 15% of its workforce and push through deeper cost cuts in an effort to…
AirAsia posts record loss as virus annihilates demand
AirAsia Group Bhd. posted its largest quarterly loss on record as restrictions imposed by governments to contain the spread of the coronavirus decimated travel.