Tag: losses
Boeing to cut 17,000 jobs, delay 777X as strike continues to...
Boeing will cut 17,000 jobs, or 10 percent of its global workforce, delay first delivery of its 777X jet by a year and announced...
IATA: Airlines cut losses in 2022; return to profit seen in...
The International Air Transport Association (IATA) said it expects a return to profitability for the global airline industry in 2023 as airlines continue to...
AirAsia Thailand major shareholder posts 2Q losses
Asia Aviation PLC, the major shareholder in Thai AirAsia, said it posted a net loss of 1.69 billion baht (US$50.5 million) during the second...
IATA forecasts 2021 airline industry losses of US$47.7 billion as COVID-19...
The International Air Transport Association (IATA) expects net airline industry losses of US$47.7 billion in 2021 (net profit margin of -10.4 percent) as the...
Singapore Airlines hunts for cash after record loss
Singapore Airlines (SIA) said Monday (9 November) that it was planning to raise cash through issuing debt and by selling and leasing back airplanes...
Boeing to cut more workers as virus shows no signs of...
American plane maker Boeing announced Wednesday (28 October) that it will cut an additional 7,000 jobs as its losses continue to mount as the...
New ACI analysis shows vanishing traffic, collapsing revenues, and rising risk...
Airports Council International (ACI) World has released its fourth economic analysis bulletin - The impact of COVID-19 on the airport business – that shows...
UPDATED: COVID-19 – IATA opposes social distancing on planes, saying airlines...
UPDATED: COVID-19 – IATA opposes social distancing on planes, saying airlines won’t surviveThe main trade association for the global airline industry, the International Air...
Boeing dodges a bullet with US$25 billion bond deal
American plane maker and defence giant Boeing dodged a huge financial bullet last week when financial markets reacted more than positively to what initially...
IATA: “Extended scenario” for coronavirus could see US$113 billion wiped off...
As if the news wasn’t bad enough for global airlines, the industry’s top trade group, the International Air Transport Association (IATA), said Thursday (5...
