Page 2 - Global Airline Industry

Airlines seek 6 month lease rent deferral, rates reduction to cut costs

Aircraft lease rentals account for around 15 per cent of an airline's overall expense and since these are paid in dollars are also subject to currency fluctuation.

Coronavirus to wipe out two-fifths of global air traffic in 2020: Report

Altogether, the Covid-19 outbreak will wipe almost half of airport revenues in 2020, it said

Covid-19: Boeing mulls 10% workforce cut; announces voluntary layoff plan

The coronavirus pandemic has compounded the year-old crisis over the grounding of Boeing's 737 MAX

Global airline industry in turmoil as coronavirus batters air carriers

In Australia, Qantas said it would cut all international flights

Coronavirus scare may erase $29 bn from global airlines' revenue, says IATA

The contraction comes at a time when Asian airlines' sales had been growing, the group said

Trade tension may damage airline industry, says IATA

Planemakers Boeing and Airbus echoed that the uncertainty was bad for business and said free trade helped to drive economic growth, creating jobs