Desperate airlines await bailout; Air Canada lays off 5,000
For airlines caught in the eye of the coronavirus storm, Canada’s second fiscal act can’t come soon enough.
Swedish Airports group lays off 1,900 workers as traffic slumps
Sweden’s biggest airport operator says it’s laying off at least 1,900 workers as the fallout from the coronavirus halts traffic and forces people to cancel…
Cathay Pacific scraps 96% of flights as virus stops travel
Cathay Pacific Airways Ltd. will slash passenger capacity by 96% in April and May as the coronavirus shuts down travel across the world.
Airline loans would come with conditions under GOP Senate bill
A Senate Republican proposal responding to the fast-spreading economic devastation from the Covid-19 outbreak includes $58 billion for loans to airlines that have seen traffic…
Air New Zealand agrees to government loan to keep flying
Air New Zealand agreed a two-year loan deal with the government to protect essential routes and ensure the national airline keeps operating as the coronavirus…
Virgin Atlantic staff back unpaid leave in bid to save carrier
Nearly all ground workers at Virgin Atlantic Airways agreed to take unpaid leave or exit their jobs as the coronavirus outbreak batters the industry, according…
Apollo buys part of United Airlines loan banks wanted to shed
Apollo Global Management Inc. has bought a chunk of a loan arranged by a group of banks that will help United Airlines Holdings Inc. boost…
Among worst-hit airlines, investors bet who will fall first
Even in an industry devastated by the coronavirus crisis, Latin American airlines stand out.
Airline bailout stirs Delta feud with flight attendants union
A potential government bailout has become the latest flash point in Delta Air Lines Inc.’s longstanding battle with labor organizers trying to unionize the company’s…
Airlines are no. 1 priority for virus relief, Trump says
The airline industry “would be the number one” priority for federal assistance in the wake of drops in travel because Covid-19, President Donald Trump said…
Get the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
