Air France Will Serve Close to 200 Destination this Summer

The FINANCIAL -- In line with the gradual reopening of French borders and the lifting of certain travel restrictions, Air France teams at the airport and on board are fully mobilized to help customers reunite with their loved ones or reach their…

5 mins read

American Airlines plans to cut 19 000 jobs

The FINANCIAL — American Airlines announced that it would shrink its workforce by 40,000, including 19,000 involuntary cuts, on 1 October, as the coronavirus pandemic continues to weigh on air travel. Other airlines such as United, British airways and Lufthansa have warned of…

8 mins read

BA to cut up to 12 000 jobs while Lufthansa plans to axe 22 000

The FINANCIAL — British Airways plans to axe almost 30 per cent of the airline’s workforce. Airline says that the financial impact of Covid-19 is already greater than 9/11, SARS, the ash cloud and the financial crash of 2008/09 combined. Lufthansa also plans reduction of…

6 mins read

European Commission approves €3.4 billion KLM bailout

The FINANCIAL — The European Commission has approved, under EU State aid rules, a €3.4 billion Dutch aid measure consisting of a State guarantee on loans and a subordinated State loan to KLM. As a result of the imposition of travel restrictions introduced…

5 mins read

Airlines’ shares plunges as coronavirus spreads

The FINANCIAL — Shares of airlines and travel companies around the world plunged Monday due to fears about the spread of the coronavirus. The International Air Transport Association warned last week that the virus would inflict a $1bn hit on airline industry’s…

5 mins read