Search For "airline industry"
Airlines to lose up to $95 billion with bookings down 80 pc: IATA
Updated : 5 years, 1 month ago IST
Geneva [Switzerland], February 25 (ANI): Global airlines could lose as much as 95 billion dollars this year, according to a new analysis by the International Air Transport Association (IATA).
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Deep losses in Airlines sector will continue into 2021, says IATA
Updated : 5 years, 4 months ago IST
New Delhi [India], November 24 (ANI): The International Air Transport Association (IATA) on Tuesday announced a revised outlook for airline industry performance in 2020 and 2021. Deep industry losses will continue into 2021, even though performance is expected to improve over the period of t
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Global airline industry drains USD 77 billion cash in H2 2020: IATA
Updated : 5 years, 5 months ago IST
Geneva [Switzerland], October 7 (ANI): The International Air Transport Association (IATA) has warned that the global airline industry will burn through 77 billion dollars in cash during the second half of 2020 (almost 13 billion dollars a month or 300,000 dollars per minute) despite the resu
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American Airlines to lay off 19,000 workers if it doesn't get more federal
Updated : 5 years, 7 months ago IST
New York [USA], Aug 26 (ANI): American Airlines has said it will lay off or involuntarily furlough 19,000 employees as of October 1 unless the airline industry gets more help from Congress.
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Airline industry disruption due to COVID-19 has far-reaching effects: Mood
Updated : 5 years, 8 months ago IST
Singapore, July 20 (ANI): The global airline industry has been disproportionately affected by COVID-19 and is one of just a few industries that saw more than 90 per cent of demand fall within weeks of the global spread of the pandemic in March, Moody's Investors Service said on Monday.
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25,000 employees could be furloughed, says American Airlines
Updated : 5 years, 8 months ago IST
Washington D.C. [US], July 17 (ANI): With coronavirus pandemic taking a toll on the airline industry, American Airlines said on Wednesday that it is sending notices to 25,000 employees that they could be furloughed come Oct. 1.
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Airlines safest mode of travel, virus does not re-circulate in airbus airc
Updated : 5 years, 9 months ago IST
New Delhi [India], June 3 (ANI): With business activity picking up and mobility among people increasing due to relaxations given by the government, airline industry professionals are trying to convince passengers that air travel is the safest mode of travel in the situation created by COVI
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IATA outlines layered approach for airline industry re-start
Updated : 5 years, 10 months ago IST
Geneva [Switzerland], May 20 (ANI): The International Air Transport Association (IATA) has released details of its proposed temporary layered approach to biosecurity for re-starting passenger flights amid the COVID-19 crisis.
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GoAir terminates contracts of expat pilots amid coronavirus outbreak
Updated : 6 years ago IST
New Delhi [India], Mar 18 (ANI): In view of the coronavirus outbreak impact on airline industry, 'GoAir has been forced to terminate the contracts of expat pilots which is in line with the reduced international capacity.'
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Global airline industry outlook revised to negative from stable: Moody's
Updated : 6 years ago IST
New York [USA], Mar 10 (ANI): Moody's Investors Service has revised its outlook for the global passenger airline industry to negative from stable.
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After challenging year for aviation, improvement expected for 2020: IATA
Updated : 6 years, 3 months ago IST
Geneva [Switzerland], Dec 11 (ANI): The International Air Transport Association (IATA) on Wednesday forecast that the global airline industry will produce a net profit of 29.3 billion dollars in 2020, improved over a net profit of 25.9 billion dollars expected in 2019.
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IATA launches gender diversity campaign for balanced workforce
Updated : 6 years, 6 months ago IST
Montreal [Canada], Sep 27 (ANI): The International Air Transport Association (IATA) has launched the 25by2025 Campaign -- an airline industry initiative to advance gender diversity in the airline industry by 2025.
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