Air Freight News
Air Canada soars as much as 29% on vaccine and cash outlook
Air Canada jumped as much as 29%, the most since March 25, after the airline said it burned less cash than expected in the third…
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Alaska Air Group announces leadership succession plan
Ben Minicucci to become CEO on March 31, 2021; Brad Tilden to continue as Board Chair
Airbus’s A220 jet suffers blow after Canadian order cancellation
Airbus SE’s A220 jetliner program suffered the biggest setback since the start of the coronavirus crisis as Air Canada canceled orders for 12 aircraft to…
Norwegian Air tumbles as government turns down new aid request
Norwegian Air Shuttle ASA said it’s facing “a very uncertain future,” sending the stock plunging, after Norway ruled out providing financial support to a carrier…
Singapore Airlines seeks liquidity after suffering record loss
Singapore Airlines Ltd. plans to raise more liquidity after posting its biggest quarterly loss on record as the coronavirus decimated travel demand and charges from…
Trudeau to begin talks With Canada Airlines on financial aid
The Canadian government said it will start discussions on providing financial support to airlines, airports and the aerospace sector that have been hurt by the…
Etihad Airlines streamlines executive team to weather pandemic
Etihad Airways has scaled back its executive team amid efforts to weather the coronavirus pandemic as it pushes ahead with a restructuring program launched three…
Ryanair boss says the U.K. shouldn’t bail out airlines: Mail
Ryanair boss Michael O’Leary said the U.K. government should not give airlines a bailout to survive the lockdown despite rivals’ pleas for further state aid,…
Singapore Air reports its biggest-ever loss
Singapore Airlines Ltd. posted its biggest ever quarterly loss as the coronavirus decimated travel demand and fuel hedging and fleet impairment charges weighed on its…
EasyJet sells planes to raise cash as it slashes services
EasyJet Plc boosted cash reserves via a new round of aircraft sales as a wave of coronavirus lockdowns pushes it to deepen capacity cuts.