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United Airlines Announces 2020 Financial Results

WIL BALDWIN January 20, 2021

CHICAGO, Jan. 20, 2021 /PRNewswire/ -- United Airlines (NASDAQ: UAL) today announced fourth-quarter and full-year 2020 financial results. The company continues its efforts to lead the industry as it manages the most disruptive crisis in aviation history. Since…

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Airbus First-Half Deliveries Hit 16-Year Low Despite June Bounce

WIL BALDWIN July 8, 2020

Airbus logo at the entrance of the Airbus facility in Bouguenais PARIS (Reuters) - Airbus <AIR.PA> deliveries rose 50% in June compared with May and reached their highest level since the coronavirus crisis spread to…

Korean Air to Issue $817 Million in New Shares as Virus Strains Industry

WIL BALDWIN May 14, 2020May 14, 2020

SEOUL (Reuters) - South Korea's largest airline, Korean Air, plans to sell around 1 trillion won ($816.55 million) in new shares in its biggest rights issue in 20 years to raise funds amid mounting strains…

Norwegian Air Shareholders Vote in Favor of Rescue Plan

WIL BALDWIN May 4, 2020May 4, 2020

OSLO (Reuters) - Norwegian Air <NAS.OL> shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt into equity and raising more…

Airbus to Furlough 3,200 Staff at Broughton Factory in Wales

WIL BALDWIN April 28, 2020April 28, 2020

LONDON (Reuters) - Airbus <AIR.PA> will furlough around 3,200 staff at its Broughton factory in Wales, the European planemaker said on Monday after it warned staff that the coronavirus crisis had put its survival at…

Airbus Warns Staff on Jobs With its ‘Survival at Stake’

WIL BALDWIN April 27, 2020April 27, 2020

FILE PHOTO: Airbus CEO Guillaume Faury poses before Airbus's annual press conference on full-year results By Tim Hepher PARIS (Reuters) - European planemaker Airbus issued a bleak assessment of the impact of the coronavirus crisis,…

EasyJet Says Can Ride Out 9 Month Shutdown and Slow Recovery

WIL BALDWIN April 18, 2020April 18, 2020

FILE PHOTO: EasyJet planes parked at Luton airport after the airline grounded its entire fleet LONDON (Reuters) - EasyJet can survive a nine-month shutdown thanks to its measures to contend with the coronavirus crisis and…

British Airways Suspending Flights from London Gatwick

WIL BALDWIN March 31, 2020

LONDON, March 31 (Reuters) - British Airways said it is temporarily suspending flights from Gatwick Airport in southern England, Britain's second busiest airport, due to the coronavirus. BA's boss warned earlier in March that the…

China’s Sixth Prototype C919 Jet Completes First Test Flight

WIL BALDWIN December 27, 2019

BEIJING (Reuters) - The sixth prototype of China's home-built C919 narrowbody passenger plane completed its first test flight on Friday, marking a milestone in the programme's testing schedule as China races to compete with Airbus…