British Airways parent IAG pulls dividend due to Covid-19 outbreak
2nd Apr 2020 14:51
(Sharecast News) - British Airways parent International Consolidated Airlines Group has scrapped its final dividend as it looks to weather the coronavirus pandemic.
Read moreAir passenger traffic falls at steepest rate since 9/11 in February
2nd Apr 2020 14:29
(Sharecast News) - Air passenger numbers tumbled in February at the steepest rate since the terrorist attacks on the World Trade Centre in 2001, industry data showed on Thursday.
Read moreBritish Airways to suspend 30,000 staff after deal with unions
2nd Apr 2020 12:48
(Sharecast News) - British Airways said it had reached agreement with trade unions to suspend more than 30,000 staff until the end of May under the government's coronavirus furlough scheme.
Read moreBritish Airways 'preparing to suspend 36,000 staff'
2nd Apr 2020 07:24
(Sharecast News) - British Airways was preparing to place 36,000 staff on furlough in response to the coronavirus pandemic and was in talks with unions on a final deal, sources said.
Read moreChinese Covid-19 statistics intentionally incomplete, US intelligence says
2nd Apr 2020 00:18
(Sharecast News) - US intelligence has concluded that China did not reveal the true extent of the Covid-19 coronavirus pandemic in the country on purpose.
Read moreTrump warns of 'painful' weeks ahead as coronavirus crisis hits US hard
1st Apr 2020 11:47
(Sharecast News) - US President Donald Trump warned of "painful" and "tough" two weeks ahead as he extended the social distancing measures across the country while predicting around 100,000 to 240,000 deaths from the Covid-19 pandemic.
Read moreAirlines could burn through $61bn in Q2 - IATA
31st Mar 2020 14:42
(Sharecast News) - The airline industry faces a second quarter loss of $39bn if severe coronavirus travel restrictions last for three months, the industry body said on Tuesday.
Read moreBA suspends all flights from Gatwick
31st Mar 2020 08:41
(Sharecast News) - British Airways said it was suspending all flights from Gatwick airport from Wednesday as air travel demand slumped due to the coronavirus.
Read moreBritish Airways extends US dollar revolving credit facility
30th Mar 2020 12:27
(Sharecast News) - British Airways has extended its US dollar secured revolving credit facility for a year to 23 June 2021.
Read moreGlobal airline industry at risk of collapse in 'gravest crisis' yet - IATA
24th Mar 2020 13:51
(Sharecast News) - Governments around the world need to save crisis-hit airlines, a leading industry body has warned, as it forecast revenues would nearly half in 2020 because of the coronavirus pandemic.
Read moreSunday newspaper round-up: Full lockdown, Italy, Coronavirus tests
22nd Mar 2020 18:44
(Sharecast News) - Boris Johnson has said he is prepared to bring in a full lockdown to tackle coronavirus including "restrictions on people's movements" if they do not act "responsibly" and follow social distancing guidelines. The prime minister raised concerns that people are ignoring the public health guidance after huge numbers flocked to parks, beaches and markets. - Sunday Times
Read moreCovid-19: IATA says $200bn could be needed to save airlines
19th Mar 2020 10:51
(Sharecast News) - The International Air Transport Association (IATA) said up to $200bn could be needed to save the industry globally and called for governments in Africa and the Middle East to provide emergency support for airlines hit by the Covid-19 crisis.
Read moreLandlords call for government support during Covid-19 outbreak
17th Mar 2020 11:35
(Sharecast News) - Two leading landlord associations have called on the government to introduce a package of measures to support the rental sector during the coronavirus outbreak.
Read moreIAG' s Walsh to postpone retirement due to pandemic
16th Mar 2020 07:36
(Sharecast News) - IAG chief executive officer Willie Walsh will temporarily postpone his retirement as the company rides out the turbulence from the coronavirus epidemic.
Read moreBritish Airways predicts layoffs as industry in crisis over coronavirus
13th Mar 2020 15:19
(Sharecast News) - British Airways CEO warned staff that the industry is going through a crisis due to the coronavirus outbreak and expects to make job cuts and ground an unprecedented number of planes.
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