Airlines – Page 7 – THE OVAL CIRCLE

Airbus production likely to plunge 40% over the next 2 years in aftermath of Covid-19

Posted on June 30, 2020June 30, 2020By Editor

European plane maker Airbus is bracing for a huge drop in production, threatening to set development back 15 years, the company’s chief executive, Guillaume Faury, says. … Read More >Airbus production likely to plunge 40% over the next 2 years in aftermath of Covid-19

Boeing plane cancellations continue to far exceed new orders

Posted on June 11, 2020June 11, 2020By Editor

US aircraft manufacturer Boeing has reported nine orders of its new freighter planes in May and twice as many cancellations, which included a switch of a delivery slot for a 747 freighter for parcel firm UPS. … Read More >Boeing plane cancellations continue to far exceed new orders

Russia

Russia’s airlines plan to resume international flights from July 15 – reports

Posted on June 9, 2020June 9, 2020By Editor

Waiting to fly to Russia? There’s finally good news. The country’s Federal Air Transport Agency plans to resume international flights from July 15. That’s according to news agency TASS, citing a source ‘in one of the airlines.’ … Read More >Russia’s airlines plan to resume international flights from July 15 – reports

Major Russian lowcoster back in the skies after coronavirus grounding

Posted on June 1, 2020June 1, 2020By Editor

The Pobeda low-cost airline, a subsidiary of Russia’s largest carrier Aeroflot, will resume flights after a two-month interruption as Russia slowly eases restrictions intended to stop the spread of coronavirus. … Read More >Major Russian lowcoster back in the skies after coronavirus grounding

Rolls-Royce junk? Legendary British firm’s credit rating cut below investment grade

Posted on May 30, 2020May 30, 2020By Editor

Ratings agency Standard & Poor’s (S&P) has downgraded engine maker Rolls-Royce’s credit rating to junk, citing the disruption caused to global air travel from the coronavirus pandemic. … Read More >Rolls-Royce junk? Legendary British firm’s credit rating cut below investment grade

‘Tsunami of job losses’: Airlines going bust & firing HUNDREDS OF THOUSANDS of employees as pandemic crushes global travel

Posted on May 30, 2020May 30, 2020By Editor

International carriers which have been suffering massive losses due to the coronavirus crisis are massively cutting their workforce, leaving thousands without jobs. More cuts could come as the prospects for a quick recovery fade. … Read More >‘Tsunami of job losses’: Airlines going bust & firing HUNDREDS OF THOUSANDS of employees as pandemic crushes global travel

Airline industry won’t recover anytime soon & will never be the same, top travel specialist tells Boom Bust

Posted on May 7, 2020May 7, 2020By Editor

The Covid-19 pandemic’s impact on the global airline industry is unprecedented; it has already seen a 95 percent decline in traffic, and millions of jobs are at risk. … Read More >Airline industry won’t recover anytime soon & will never be the same, top travel specialist tells Boom Bust

Airlines’ steep losses sink Dow Jones by over 300 points as Buffett dumps holdings in troubled sector

Posted on May 5, 2020May 5, 2020By Editor

US stocks dipped at the start of the trading week, with air companies’ leading losses after billionaire investor Warren Buffett revealed his Berkshire Hathaway had unloaded shares in the four largest US airlines. … Read More >Airlines’ steep losses sink Dow Jones by over 300 points as Buffett dumps holdings in troubled sector

Russia

Russian flag-carrier Aeroflot warns air travel may not resume until mid-summer

Posted on May 5, 2020May 5, 2020By Editor

As the coronavirus pandemic has halted almost all travel around the globe, Russian’s biggest airline said that in the best-case scenario, international flights could be resumed in July. … Read More >Russian flag-carrier Aeroflot warns air travel may not resume until mid-summer