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Airlines will lose $77 billion in the second half of 2020 and Boeing predicts a 20-year recovery process as COVID-19 continues to crush travel demand

Airlines expect travel demand to recover from the pandemic by 2024, but Boeing expects planemakers'…

David Slotnick   


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GE stock tanks 5% after aviation unit announces it will cut 13,000 jobs this year as coronavirus halts air travel

The announcement to lay 25% of its workforce off comes days after the maker of aircraft engines rep…

Saloni Sardana   


Insider Inc.   


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Boeing will lay off nearly 7,000 workers as the industry is decimated by the COVID-19 pandemic

The company described the layoffs as "the first," with more expected later in the year.

David Slotnick   


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Leaked memo reveals American Airlines needs to cut 8,000 flight attendant jobs as the airline issues its first coronavirus layoff notices

American Airlines issued furlough notices to its first management and support employees, as a leake…

David Slotnick   


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AMC Networks booted its CEO after only 3 months, gave her a $10 million payout, and cut about 20% of its staff. So much for workers being empowered.

CEOs talked a big game about caring for workers during the pandemic. But their stratospheric pay am…

Rebecca Knight,Marguerite Ward   


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David Slotnick   


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4 mins read

Workers who build parts for the 737 Max have been laid off or had hours cut at a nonprofit that provides jobs for people with disabilities

However, Boeing has around 600 suppliers that build components or provide services related to the M…

David Slotnick   


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5 mins read

It's time to end corporate welfare. Boeing is exhibit A for why.

Of course, it's easy to paint Boeing as a villain, but the mechanism that Boeing used to fund its v…

Paul Constant   


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1 min read

Qatar Airways CEO said he received 20,000 applications for 700 pilot jobs despite airlines battling an industry-wide shortage of flight crews

The CEO's comments come as airlines face an industry-wide pilot shortage, with US carriers, in part…

Taylor Rains   


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Another Boeing supplier is laying off workers as it scrambles to deal with the 737 Max production halt

While Boeing has said it has no immediate plans to lay off or furlough those who work on the 737 Ma…

Will Martin   


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Boeing is reportedly on the brink of stopping 737 Max production while it waits for the troubled plane to return to the sky

Earlier this year Boeing CEO Dennis Muilenburg warned of the possibility of "unexpected delays or i…

Sahar Esfandiari   


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1 min read

Australia's Qantas Is Cutting 5,000 Jobs

"The Australian domestic aviation market has been distorted by current Australian aviation policy, …

Business Insider Australia   


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91 mins read

The Truth About Marissa Mayer: An Unauthorized Biography

“As part of the narrative, I have included passages of dialogue. Dialogue— what words were said— is…

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6 mins read

Millennials are breaking free from their desk jobs and working remotely in places like Mexico - leaving a path of destruction in their wake

Expats are moving to some of the world's most remote places. Many don't stick around long enough to…

Matt Turner,Jordan Parker Erb   


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This airline CEO is challenging Airbus and Boeing to step up their game

"We grounded the aircraft and it cost us a couple of hundred million dollars because we were convin…

Benjamin Zhang   


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Boeing is scrambling to decide whether to take government bailout aid or go its own way to save cash, which could include mass layoffs

"When COVID-19 hit obviously things changed for the entire defense industrial base," Will Roper, as…

David Slotnick   


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4 mins read

Norwegian is stopping its super-cheap $111 flights between Ireland and the US, blaming the ongoing Boeing 737 Max crisis

Other airlines have cancelled thousands of flights and cancelled other routes over the 737 Max grou…

Sinéad Baker,Sinéad Baker,Sin…   


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US stock futures shake off hawkish Fed comments ahead of jobs data, while China stocks fall after fresh shots fired at online gaming

Fed Vice Chair Richard Clarida said the central bank remains on course to announce tapering bond pu…

Shalini Nagarajan   


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5 mins read

Airlines are selling thousands of flights on the Boeing 737 Max this year, though regulators are yet to say when the plane can fly again

The US Federal Aviation Administration and its equivalent regulators around the world have not give…

Sinéad Baker,Sinéad Baker,Sin…