Markets

Airlines can expect to bleed up to $157 billion in losses until people fly normally again, making 2020 the worst year in aviation history, industry body IATA says

Airlines will rack up losses up to $US157 billion until borders reopen safely and a vaccine rolls out, the International Air Transport Association predicted. The loss will be five times the deficit racked up during the 2008 financial recession. The slump in revenue during the pandemic shows airlines will lose […]
Airlines can expect to bleed up to $157 billion in losses until people fly normally again, making 2020 the worst year in aviation history, industry body IATA says
News

Ryanair, one of the world’s biggest airlines, compared Trump’s premature victory declaration to jumping out of a plane before it’s landed

The European low-cost airline Ryanair said in a tweetWednesday that President Donald Trump’s premature claim to have won the 2020 US election was “like disembarking before the plane has landed.” “We don’t recommend,” it added. Ryanair’s tweet came moments after Trump gave a speech at the White House in which […]
Ryanair, one of the world’s biggest airlines, compared Trump’s premature victory declaration to jumping out of a plane before it’s landed
News

Singapore Airlines reportedly plans to offer sightseeing ‘flights to nowhere’ that take off and land at the same airport

Singapore Airlines is reportedly planning to soon offer three-hour round-trip flights that both depart and arrive at Singapore’s Changi Airport. Singapore Airlines has looked into partnering with Singapore Tourism Board in an effort to let customers pay for this travel with government-based tourism credits, according to a new report. If […]
Singapore Airlines reportedly plans to offer sightseeing ‘flights to nowhere’ that take off and land at the same airport
News

The airline industry will be ravaged for years to come and the effects will be felt across the entire economy, a new Moody’s report says

Commercial aviation will be ravaged by the COVID-19 pandemic for years to come, according to a new report from Moody’s. Every stakeholder, from airlines and airports, to plane lessors, plane manufacturers, and parts suppliers, will be squeezed, with effects rippling across the entire global economy. In a best-case scenario, Moody’s […]
The airline industry will be ravaged for years to come and the effects will be felt across the entire economy, a new Moody’s report says
Next Page »