One of Europe’s Biggest Airlines Is Grounding Its Entire Fleet Amid Coronavirus

Ryanair will ground most of its aircraft over the next seven to 10 days as Europe's biggest low-cost airline braces for an up to 80% cut in capacity over the next two months and could even ground its entire fleet due to coronavirus travel restrictions......»»

While the airlines have seen some pullbacks in the wake of trade war uncertainty and amid the grounding of the entire Boeing 737 Max fleet, Buffett and his portfolio managers are still amont the........»»

German carmaking giant Volkswagen resumed production at its biggest factory on Monday as part of a broader industry drive to get back to work in Europe, where the coronavirus pandemic has hammered demand and pushed up inventory levels......»»

British low cost airline easyJet said it had grounded its entire fleet of over 330 aircraft and had no visibility on when it could restart flights, highlighting the heavy strain on airlines trying to survive to fly again after coronavirus......»»

State investor Temasek Holdings and others will inject as much as S$19 billion ($13.27 billion) of liquidity into Singapore Airlines (SIA) in the single biggest rescue for an airline slammed by the coronavirus pandemic......»»

The grounding of virtually all flights by Europe's largest budget airline and European air traffic data on Tuesday highlighted the enormity of the shock to aviation industries from the coronavirus now emptying skies around the globe......»»

Global airlines are fast running out of cash after cutting capacity by 90% or even grounding entire fleets due to the broad travel restrictions to contain the spread of the coronavirus, calling into question the survival of several firms......»»

American Airlines Inc said Saturday it plans to cut 75% of its international flights through May 6 and ground nearly all its widebody fleet, as airlines respond to the global collapse in travel demand due to the coronavirus pandemic......»»

U.S. stocks tumbled into a bear market Thursday after President Trump banned travel from Europe to stem the economic fallout fro.....»»

American Airlines Inc and Delta Air Lines Inc both said Thursday they will cap air fares on flights from Europe to the United States that are impacted by new travel restrictions as Americans flock to European airports trying to return home......»»

Container shipping rates between Asia and Europe saw one the biggest drops in 10 months as ports and shipping companies impose more restrictions to limit the spread of the coronavirus. 0 read more.....»»

Japan's second-biggest carrier, Japan Airlines Co, has seen 25% of reservations for China flights canceled in the past 10 days, an executive said on Friday, amid growing concerns over the coronavirus epidemic......»»

A Boeing engineer has called for the grounding of the entire 787 fleet due to safety concerns. The engineer, Sam Salehpour, is set to testify before Congress on Wednesday. read more.....»»

Galveston City Council voted unanimously Tuesday to skip the upcoming festival, which is one of the island's biggest moneymakers......»»

Travelers long to get back to their jet-setting ways in 2021. Airlines and tour operators are offering more flexibility and outdoor, crowd-free destinations, but ma.....»»

Europe's biggest bank, HSBC has cut already bleak global growth forecasts even further, as lockdown restrictions extended through April and tentative economic re-openings drag on a return to business, trade and spending......»»

Delta Air Lines moved to retire its Boeing Co 777 fleet and reduce its pilot ranks on Thursday as it joins other airlines wrestling with the need to shrink their operations to match reduced air travel due to the coronavirus crisis......»»

European stock markets fell on Wednesday, taking a cue from sharp losses on Wall Street amid concerns investors have been too optimistic over the length of time it will take for economies to crawl back from the coronavirus pandemic......»»

Boeing CEO on aviation amid coronavirus.....»»

European stocks rebounded Tuesday amid data showing new coronavirus cases slowed, while two of Europe’s largest steelmakers skidded as demand deteriorates......»»