Air Freight News
Raytheon sheds 8,000 aerospace jobs amid collapse in air travel
Raytheon Technologies Corp. has slashed roughly 8,000 jobs in its commercial aviation businesses as the maker of jet engines and airliner systems contends with the…
Airlines see long wait for return to pre-Covid traffic levels
The airline industry pushed back its hopes of a rebound in traffic levels to pre-pandemic levels amid disappointing passenger numbers since lockdowns lifted.
Mask advocates cite plane transmission study in call for mandate
The 44-year-old man was chatting with his wife and son on a flight from Singapore to China earlier this year when he let his guard…
Asian Airlines suffer 98% slump in June passenger traffic
Asian airlines carried only 724,000 international passengers in June, a 98% slump from a year earlier, as restrictions on movement suppressed air travel, the Association…
South African Airways administrators, State in guarantee impasse
The administrators of South African Airways, the state-owned airline that’s in bankruptcy protection, want the government to set aside 16.4 billion rand ($998 million) that…
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Airlines pledge aircraft, loyalty programs in bid to tap funding
Global airlines are pledging their brands, loyalty programs and aircraft as collateral to secure more funds in the debt markets as the coronavirus pandemic continues…
Ryanair’s O’Leary sees school reopening as key to Europe airline recovery
Kids have only just started their summer break yet Ryanair Holdings Plc Chief Executive Officer Michael O’Leary is already counting the days until they go…
Spain quarantine pushes airlines back toward the abyss
As the new British travel quarantine on Spain shows, a tentative recovery in flight bookings could quickly be snuffed out.
Ryanair says second virus wave is worst fear as losses mount
Ryanair Holdings Plc issued a stark assessment of the threat to airlines as they seek to rebound from the coronavirus crisis, saying it’s concerned that…
Singapore Airlines braces for another record loss on virus
Singapore Airlines Ltd., consistently voted one of the world’s best airlines by Skytrax, is poised for another hefty quarterly loss after the coronavirus left it…