PARIS: European aircraft giant Airbus posted record profits in 2021 after two years of losses as it cruises past the pandemic-induced crisis in the travel industry, company results showed Thursday. Net profit surged to 4.2 billion euros ($4.8 billion) with deliveries of aircraft rising eight per cent to 611 planes, Airbus said in an earnings … Read more
LONDON: British airline EasyJet slashed losses by half in the first quarter, despite the emergence of the Omicron coronavirus variant which disrupted the travel industry, it said on Thursday. Pre-tax losses stood at £213 million ($288 million, €255 million) in the three months to the end of December, after a £423 million loss in the … Read more
United States National Carrier, American Airlines has revealed plans to slash 30 percent of its management and support staff as it tries to deal with the dramatic downturn brought on by the novel coronavirus pandemic. According to Media reports American’s executive vice president Elise Eberwein, “Although our pre-pandemic liquidity, the significant financial assistance provided by the … Read more
