Dave Calhoun, President of Boeing. Adam Jeffery | CNBC Boeing CEO Dave Calhoun said Wednesday he was “hopeful” that demand for new planes, devastated by the coronavirus pandemic, would begin to pick up in the second half of next year. Cancellations of Boeing planes are outpacing new orders this year …
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Boeing said on Wednesday it plans to cut production from planes and warned of further reductions in its workforce as the impact of the coronavirus pandemic affects demand for air travel. The pandemic has caused financial losses for Boeing airline customers and has affected demand for new aircraft. Boeing was …
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A sign indicating the beach at full capacity is located on Bogatell Beach in Barcelona, Spain. Bloomberg Sudden changes in coronavirus quarantine policies in Europe will have a “roller coaster effect” on airlines and a broader economic recovery, according to the chief executive of low-cost airline Wizz Air. The UK …
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Shares in the European tourism sector sank on Monday morning when investors became anxious about a surge in coronavirus cases in the region. The top sixteen travel and leisure stocks in Europe fell more than 3% in the first hour of trading, with Tui, easyJet and International Airlines Group, the …
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The passenger aircraft, operated by Ryanair Holdings, are on the runway at London Stansted Airport in Stansted, UK, on May 1, 2020. Chris Ratcliffe | Bloomberg | fake pictures Ryanair posted a net loss of 185 million euros ($ 216.4 million) during the first quarter of its 2021 fiscal year, …
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