Bloomberg US airlines face a bleak future of depressed traffic and volatile revenue well into 2021, as the global economy transitions from the acute damage of a public health catastrophe into a potentially long recession. Already a bumpy ride for the “Big Three” carriers, the journey promises to get worse this fall when billions of dollars in government assistance comes ...

Bloomberg Airbus SE will furlough around 3,000 staff across three French sites just as employees at its UK wing plants prepare to return to work following extended Easter shutdowns tied to the coronavirus outbreak. The staff at commercial aircraft sites in Toulouse, Nantes and Saint-Nazaire were expected to be on leave from Monday until mid-May following an accord with unions, ...

Bloomberg British billionaire Richard Branson said his airlines in the UK and Australia won’t survive the coronavirus crisis without state support, and that his Virgin Group lacks the resources to see them through the pandemic. Branson said on Monday he’s doing everything possible to keep Crawley, England-based Virgin Atlantic Airways Ltd going, but that it needs a UK-backed loan to ...