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Airlines heading for $84 billion loss this year: IATA

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Airlines are set to lose $84 billion as the coronavirus pandemic reduces revenue by half to mark the worst year in the sector’s history,...

Global airlines body raises alarm over bailout debts

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Heavy debts inherited from government bailouts and other fund-raising moves will delay the airline industry’s recovery from the coronavirus crisis, a trade body said...

Battered consumer confidence will slow airlines recovery

Faltering consumer confidence will slow the recovery of air travel when coronavirus restrictions end, the sector’s main global body warned, citing bleak new survey...

Crisis-hit airlines face crippling cash squeeze, IATA says

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Global airlines warned on Tuesday that many carriers may not survive a record cash squeeze in the second quarter, as revenues and traffic plunge...

Airlines face deeper revenue hit from COVID-19

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The International Air Transport Association (IATA) has updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry....

Airlines seek billions in government support – IATA

Global airlines need to up to $200 billion of government support to help survive the coronavirus crisis, the International Air Transport Association (IATA) said. Issuing...

Airlines could lose up to $113 bln in passenger revenue due...

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Airlines could lose $63 billion to $113 billion in revenue for passenger traffic globally in 2020, depending on how the coronavirus spreads, the International...

New urgency for airline conflict alert system

The shooting down of a Ukrainian airliner near Tehran has given new urgency to efforts to develop a shared conflict alert system for airlines,...

Airlines cutting profit forecasts

Airline profits are on course to fall faster than expected in 2019 as trade wars hit global commerce and broader confidence, the industry’s main...

Air transport a major contributor to SA economy but more could...

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The air transport sector supports 472 000 jobs in South Africa and contributes $9.4 billion to the Gross Domestic Product (GDP), but more could...

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Coronavirus shows why the SANDF needs to be adequately funded

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The deployment of the South African National Defence Force (SANDF) to help fight the COVID-19 novel coronavirus yet again demonstrates the need for a...