WestJet to lay off 1700 pilots amid coronavirus pandemic
One of major Canadian airlines WestJet reported laying off 1700 pilots beginning May 1. The layoffs will affect…
Aviation Economics & Finance
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Understand the financial dynamics of the aviation industry with our articles on economics, investments, and financial trends.
United reports $2.1 billion pretax loss amid coronavirus crisis
In the initial documents filed with the United States Securities And Exchange Commission (SEC), United Airlines reported a…
Situation at Europe’s biggest airlines after a month of lockdown
The outbreak of COVID-19 has seen airlines taking measures to sustain their losses due to record low travel…
CAAC：CHINA’S AVIATION INDUSTRY RECORDS A Q1 LOSS OF $5.6 BILLION
“Due to the COVID-19 pandemic, China’s aviation industry has recorded a first quarter loss of 39.8 billion yuan…
Coronavirus: Boeing offers voluntary layoff plan to employees
Boeing offered its employees a voluntary departure plan that includes early retirements to compensate for the financial effects…
Germany considers Condor nationalization after Polish sale fails
The German government could be on the verge of nationalizing the Condor, a former subsidiary of the late…
Coronavirus put airlines on the brink, IATA reports
Airlines could post a combined net loss of $39 billion in the second quarter of 2020, estimates the…
Norwegian’s poise amidst coronavirus met by investors’ skepticism
While some carriers in Europe are cutting their capacity up to 50% due to travel demand drop caused…
Etihad improves operational performance; posts massive losses
Abu Dhabi-based mainline carrier, Etihad, said it has significantly improved operational performance since 2017, when the airline group…
How the Coronavirus Outbreak Is Impacting Business Aviation
On December 31st last year, Wuhan, a city in the Hubei Province in China was exposed to a…
ANA Holdings breaks Boeing’s dry spell, opts for 12 Dreamliners
ANA Holdings (ALNPY) , the parent company of All Nippon Airways (ANA), placed a firm order for 12…
United States raises tariffs on Airbus aircraft from 10% to 15%
From March 2020, the United States will raise the customs tariffs imposed on Airbus aircraft imported from Europe…
Airbus ends 2019 with $1.4 billion loss after corruption charges
Airbus has announced its 2019 financial results. While the year was a record-breaking one for the European conglomerate…
Deep Red Sea: Boeing losses mount as 737 MAX crisis continues
UPDATE 26-09-2019, 19:00 (UTC +3): Added comments from Chief Executive Officer David Calhoun and Chief Financial Officer Greg…
Brazil regulators approve Boeing and Embraer tie-up
Boeing and Embraer have obtained the authorization for their joint venture by Brazilian regulators. The two companies are…
Boeing secures $12 billion loan to improve liquidity
After initial reports of Boeing looking into borrowing $10 billion from banks to navigate through tough waters, CNBC…
United, Southwest and American announce 2019 financial results
The trio of United States-based carriers announced their Q4 2019 and Full Year results, joining Delta Air Lines,…
Boeing looking to borrow $10 billion: reports
As the groundings of the 737 MAX continue and cash reserves are draining at Boeing due to the…