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AirAsia posts record loss as virus annihilates demand

Bloomberg AirAsia Group Bhd posted its largest quarterly loss on record as restrictions imposed by governments to contain the spread of the coronavirus decimated travel. Southeast Asia’s second-biggest budget carrier by market value reported a net loss of 992.9 million ringgit ($238 million) in the three months ended June 30 versus net income of 17.3 million ringgit a year ago, ...

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Kenya Air pilots win reprieve from court in pilot jobs clash

Bloomberg A court ordered Kenya Airways Plc to stop a plan to fire some pilots pending the determination of a case challenging the move, according to a ruling by Judge Onesmus Makau. Sub-Saharan Africa’s third-largest airline said not being able to proceed with the cuts imperils the viability of the airline. Kenya Airways is facing financial troubles that have partly ...

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Wizz Air sets sights on Gatwick base as rivals retreat

Bloomberg Wizz Air Holdings Plc wants to expand its new base at London’s Gatwick airport from just one plane to 20 within a year if it can secure enough takeoff and landing slots. While the hub will open with a lone Airbus SE A321 jet in October, Budapest-based Wizz sees scope to quickly expand it to employ 800 people, an ...

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