Boeing and GE stare down an aerospace apocalypse
Both companies have been hit hard by the collapse in travel caused by the coronavirus pandemic, but the pace of recovery will be different.
Virgin Atlantic set to deliver over 43 million items of personal protective equipment (PPE) and medical supplies to the UK from China
Virgin Atlantic is set to deliver over 43 million items of personal protective equipment (PPE) in to the UK onboard special cargo-only flights which have…
Boeing to cut output, thousands of jobs on vanishing demand
Boeing Co. unveiled deep cuts to jobs and production as the manufacturer rushes to adapt to a shrinking market for jetliners after the worst downturn…
Airlines serving most-remote US cities will be paid not to fly
Airlines being subsidized to serve the most remote U.S. airports can receive partial payments even if they cut flights during the new coronavirus epidemic under…
GE jet engine installs drop 45% in sgn of aviation collapse
General Electric Co. reported deep strains in its aviation business as the coronavirus pandemic pummeled commercial air travel worldwide.
Planes, cars and advertising slammed by Covid-19: Earnings wrap
Two weeks into Europe’s first-quarter earnings season, more companies are cutting jobs and throwing up their hands over future guidance.
British Airways massive staff cuts bring fresh blow to economy
IAG SA’s plan to slash as many as 12,000 jobs at British Airways, a scale of cuts unseen since the coronavirus struck, is meeting opposition…
Airbus burns through $8.7 billion, warns of ‘gravest’ crisis
Airbus SE consumed an unprecedented 8 billion euros ($8.7 billion) of cash in the first quarter as Chief Executive Officer Guillaume Faury warned of the…
Southwest Air raises $4 billion with stock, bond sales
Southwest Airlines Co. raised about $4 billion by selling shares and convertible notes, stepping up a push to add liquidity as the coronavirus pandemic all…
Delta, citing planes with one passenger, wants to pare schedule
For most of April, Delta Air Lines Inc has flown just one passenger per day to and from Worcester, Massachusetts, and the company has asked…
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