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IAG's move to axe up to 12,000 jobs at its main British Airways business reflects boss Willie Walsh's preference to slash costs rather than seek a state bailout to survive what is expected to be the worst downturn in aviation history......»»

British Airways warned of job losses and Norwegian Air said it had "weeks not months" to avert collapse, as airlines look for cost cuts and government help in the face of a crippling travel slump brought on by the coronavirus......»»

JetBlue Airways Corp plans to reduce daily flights in and out of the four New York City-area airports where it operates by as much as 80% in April as part of wider schedule cuts due to the coronavirus outbreak, a spokesman said......»»

JetBlue Airways Corp. said Wednesday it will cut capacity in April and May by at least 40% and announced another round of cost cuts and savings as the airline industry struggles with a massive reduction in flights as consumers.....»»

The owner of British Airways and easyJet, Europe's no.3 and no.4 airlines, warned aircraft would be grounded on an unprecedented scale in a battle to survive the coronavirus, but while easyJet said state aid was needed, BA's owner talked of self-help......»»

British Airways-owner IAG has not asked for state aid, said its CEO, as he detailed the group's response to the coronavirus crisis, including accelerating the retirement of some aircraft and possible cuts to 2021 capacity......»»

The owner of British Airways and easyJet, Europe's no.3 and no.4 airlines, said they would ground aircraft on an unprecedented scale in a battle to survive the travel restrictions and European lockdowns now convulsing the industry......»»

The owner of British Airways and easyJet, Europe's no.3 and no.4 airlines, said they would cut capacity drastically to try to survive the coronavirus outbreak which has stopped people traveling around the world......»»

Qantas Airways Ltd. [AU: QAN] has undertaken several drastic cost-cutting measures because of.....»»

United Airlines Holdings Inc is slashing its flying schedule and implementing a series of cost-cutting measures in some of the most drastic actions by a U.S. airline to date as the spreading coronavirus has depressed air travel demand......»»

British Airways and Asian budget carriers Lion Air and Seoul Air are suspending all flights to China as fears spread about the c.....»»

The company said the impact of the strikes is estimated to be EUR137 million and that further disruption affected British Airways with a net financial impact of EUR33 million......»»

Cathay Pacific Airways Ltd has put a freeze on new hiring, according to an internal memo seen by Reuters, as the airline battles a slump in demand from fliers avoiding Hong Kong amid massive anti-government protests in the city......»»

Lockheed Martin is a year ahead of schedule with its plan to cut the cost of its F-35 A fighter jet variant to $80 million by 2020, the U.S. company said on Thursday......»»

(Reuters) - Chipmaker Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut costs by $1 billion, Bloomberg reported on Wednesday, citing people familiar with the matter......»»

British Airways-owner IAG has said it is considering making an offer for Norwegian, a low-cost carrier worth about $1.2 billion, in a deal which would expand its budget offerings and give it control of a struggling rival. Sonia Legg reports.....»»

Low-cost carrier Norwegian Air Shuttle has rejected a takeover offer from British Airways' parent company. Norwegian Air Shuttle says its board "unanimously rejected" the offer because it "undervalued NAS and its prospects.".....»»

Low-cost carrier Norwegian Air Shuttle has rejected a takeover offer from British Airways' parent company. Norwegian Air Shuttle says its board "unanimously rejected" the offer because it "undervalued NAS and its prospects.".....»»

British engineering company Rolls-Royce plans to cut thousands of jobs as part of big cost-saving measures......»»

JetBlue Airways Corp. is eliminating an unspecified number of jobs in the latest phase of its campaign to cut as much as $300 million from operating costs by 2020. The reductions follow a... To view the full story, click the title link......»»