Bloomberg When the Covid-19 crisis hit the airline business this year, Deutsche Lufthansa AG was planning to phase out the half-dozen aging MD-11 freighters that remain in its fleet by the end of 2020. Then cargo rates skyrocked. The virus destroyed demand for air travel, and as airlines grounded their fleets they also created a shortage of air-cargo space by ...

Bloomberg Flying business class isn’t what it used to be. Efforts to minimise human interaction and reduce the risk of Covid-19 infection are taking the shine off the most expensive seats onboard commercial aircraft. Gone are the multi-course banquets and warm personal service, once the hallmarks of carriers like Singapore Airlines Ltd and Cathay Pacific Airways Ltd. These days, what’s ...

Bloomberg Cathay Pacific Airways Ltd is still burning through as much as HK$2 billion ($258 million) a month and will continue to do so until the market recovers from the coronavirus crisis, the company said as it reported dismal August traffic figures and reiterated the need to restructure. “We are weathering the storm for now, but the fact remains that ...