Colombia’s national airline, Avianca, has filed for bankruptcy protection in a US court. Read more at…
Category: Airlines
Warren Buffett’s company Berkshire Hathaway sells US airline shares
Billionaire investor Warren Buffett says his company Berkshire Hathaway has sold all of its shares in…
British Airways to cut up to 12,000 jobs as air travel collapses
British Airways is set to cut up to 12,000 jobs from its 42,000-strong workforce due to…
Air France-KLM secures billions in government aid
Air France-KLM has secured at least €9bn (£7.9bn; $9.7bn) in government aid, as the Franco-Dutch airline…
Airbus boss warns company is ‘bleeding cash’
The chief executive of Airbus has reportedly issued a stark assessment of the impact of the…
Virgin Australia slumps into voluntary administration
Virgin Australia has confirmed it has entered voluntary administration – making it Australia’s first big corporate…
Don’t bail out airlines, say climate campaigners
More than 250 trades unions and environment groups have signed an open letter opposing plans for…
BA expected to suspend 36,000 staff
British Airways is expected to announce it will suspend around 36,000 staff. Read more at https://www.bbc.com/news/business-52130021
How coronavirus is killing off global air travel
Qantas has become the latest major airline to cancel international flights as it struggles during the…
US airlines used up spare cash buying back shares
America’s biggest airlines have called on Washington for more than $50bn (£41bn) in aid as they…
Coronavirus: Korean Air fighting for ‘survival’
Korean Air has warned the coronavirus outbreak could threaten its survival in a memo sent to…
Flight cuts, unpaid leave and hiring freezes: Airlines race to limit impact as coronavirus saps travel demand
WASHINGTON — Airline executives are racing to cut costs as coronavirus spreads, raising concern about lower…