Advertisements



Seattle hit as coronavirus wallops US, global airlines with $5B impact

Passenger airlines had planned to increase flights to China. Now carriers are slashing capacity......»»

Category: topSource: bizjournalsFeb 14th, 2020

"Never seen a crisis of this magnitude": Ethiopian Airlines CEO

Ethiopian Airlines will focus on hauling cargo, chief executive Tewolde Gebremariam tells Reuters, as it seeks to battle the devastating impact of coronavirus on the global aviation industry......»»

Category: videoSource: reutersMar 26th, 2020

Airline body IATA calls on Mideast governments to help airlines handle coronavirus outbreak

Middle East governments should consider providing support to airlines to help them manage the impact of the coronavirus outbreak, which has led to a raft of flight cancellations, the industry's largest global body said on Monday......»»

Category: topSource: reutersMar 2nd, 2020

Airlines To Feel $29 Billion Revenue Impact From Coronavirus

The near-total shutdown of air travel in and out of China because of the coronavirus will result in a 4.7% contraction in global traffic and deprive glob.....»»

Category: earningsSource: benzingaFeb 20th, 2020

IAG CEO says coronavirus impact on air travel demand will be marginal

The chief executive of International Airlines Group (IAG) said he believes the overall impact of coronavirus on global air travel demand will be marginal......»»

Category: topSource: reutersFeb 5th, 2020

flydubai to reduce staff pay for three months due to coronavirus

United Arab Emirates carrier flydubai will reduce pay for its employees for three months from April due to the impact of the global coronavirus crisis on its business, a spokeswoman said on Monday......»»

Category: topSource: reuters6 hr. 52 min. ago

World"s ailing airlines appeal for aid as U.S. offers $58 billion

Global airlines urged the world's major economies to act quickly to prevent irreversible damage to an industry that has seen demand decimated almost overnight by the coronavirus crisis......»»

Category: topSource: reutersMar 26th, 2020

Stocks rebound further as markets await $2 trillion U.S. stimulus boost

The dollar and global equity markets marched higher on Wednesday and were poised for a second day of gains following a coronavirus-induced selloff, though investors remained concerned about the pandemic's economic impact......»»

Category: topSource: reutersMar 25th, 2020

AB Volvo postpones AGM due to uncertainty over coronavirus impact

Truckmaker AB Volvo said on Wednesday it had decided to postpone its annual shareholders meeting due to the prevailing uncertainty around the effects from the global coronavirus outbreak......»»

Category: topSource: reutersMar 25th, 2020

Oil extends gains as optimism over U.S. stimulus lifts global markets

Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets on hopes Washington will soon approve a massive aid package to stem the economic impact of the coronavirus pandemic......»»

Category: topSource: reutersMar 25th, 2020

Oil ekes out gains as U.S. stimulus hopes lift global markets

Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets on hopes Washington will soon approve a massive aid package to stem the economic impact of the coronavirus pandemic......»»

Category: topSource: reutersMar 24th, 2020

Why US GDP Could Now Fall More Than 10% in the Second Quarter of 2020

The recession is here, and it looks worse with each new forecast. Now, Standard & Poor's has issued a new update on the coronavirus impact on the global economy......»»

Category: blogSource: 247wallstMar 24th, 2020

Airlines beg for rescue as coronavirus hit soars to $250 billion

Global airlines urged governments on Tuesday to speed up bailouts to rescue the air transport industry as they doubled their estimate of 2020 revenue losses from the coronavirus crisis to more than $250 billion......»»

Category: topSource: reutersMar 24th, 2020

Global airlines revenues seen down by $250 billion this year: IATA

Global airline revenues are seen falling by $250 billion this year, a cut of 44% on 2019 levels, the International Air Transport Association said on Tuesday, as the coronavirus outbreak hits the sector......»»

Category: topSource: reutersMar 24th, 2020

Emirates Is Grounded, and Global Aviation With It

Almost all carriers will struggle with the impact of the coronavirus, but the Dubai-based airline had some serious weaknesses going in. .....»»

Category: topSource: washpostMar 24th, 2020

Airbus adds 15 billion euro credit line, scraps dividend

Airbus boosted its liquidity with a 15 billion euro ($16 billion) expanded credit facility on Monday while suspending its 2020 outlook in response to the coronavirus crisis that has grounded much of the global airlines fleet......»»

Category: topSource: reutersMar 23rd, 2020

Emirates stops nearly all passenger flights, slashes wages

Emirates, one of the world's biggest long-haul airlines, said on Sunday it would stop nearly all passenger flights this week and cut staff wages by as much as half because of the coronavirus impact on travel demand......»»

Category: topSource: reutersMar 22nd, 2020

Market Snapshot: Dow sinks 600 points in turbulent Friday trade as investors watch for further coronavirus stimulus plan

U.S. stock indexes turn sharply lower in volatile trade Friday afternoon, as investors weigh the acceleration of the global death toll due to COVID-19 against efforts by governments and central banks to contain the economic impact of the pandemic......»»

Category: topSource: marketwatchMar 20th, 2020

Global markets bounce after a trying week

Stock markets rebounded from some of their recent huge losses on Friday, pulling further away from three-year lows as central banks and governments pledged masses of cash to reduce the economic impact of the coronavirus pandemic. Ciara Lee reports.....»»

Category: videoSource: reutersMar 20th, 2020

Market Snapshot: Dow sinks 300 points in turbulent Friday trade as investors watch for further coronavirus stimulus plan

U.S. stock indexes bounce around midday Friday in volatile trading, as investors weigh the acceleration of the global death toll due to COVID-19 against efforts by governments and central banks to contain the economic impact of the pandemic......»»

Category: topSource: marketwatchMar 20th, 2020

Coronavirus impact on airlines worse than 9/11, airline association says

Airlines for America, the airline trade association, said the traffic numbers for the industry grow grimmer by the day as the federal government continues to advise against nonessential air travel due to the coronavirus. U.S.-based carriers have seen .....»»

Category: topSource: bizjournalsMar 20th, 2020