The management of Kenya’s national carrier, Kenya Airways, has commenced a series of pay cuts in order to stay afloat. The move has become imperative as the company has not received any of the bailout funds promised to it a…
AirAsia Group is foreseeing a V-shaped rebound in air travel for the near future, as demand for air travel picks up and global travel restrictions continue to ease, with the low-cost carrier group expressing hope that initiatives such as the…
The parent company of Philippine Airlines, PAL Holdings, reported a smaller pre-tax loss during the third quarter of 2021, as growing revenue helped the company. Pre-tax loss for the quarter ended 30 September came in at 5.05 billion pesos, an…
Thai Airways International managed to reduce its operating loss for the first nine months of 2021, despite a decline in revenue due to new COVID-19 outbreaks in Thailand, coupled with ongoing international travel restrictions related to the pandemic. Operating loss…
KLM Royal Dutch Airlines is forced to reduce its workforce by another 1.000 with almost immediate effect. Slower than expected recovery from the Covid-crisis until deeper into 2021 means that the carrier has to refer to another scenario and cut…
Lufthansa is to cut more full-time jobs and retire additional aircraft, it announced on September 21 in its third restructuring program. An unspecified number of extra jobs will be lost, on top of the 22.000 full-time equivalents reported in April…