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Singapore Airlines Group Announces Financial Results

Singapore’s-national carrier, Singapore Airlines, announced significant losses during the company's second-quarter financial results. On July 29, the airline announced that the second quarter, which ended on June 30 and was the first of the carrier's 2020 fiscal year, resulted in…

Turkish Airlines Announces Deep Pay Cuts to Avoid Forced Layoffs

Turkish Airlines announced that it will implement pay cuts to protect employment and reduce its cash outflow in the midst of the coronavirus pandemic. The news comes after the airline announced that the Labor Union did not respond to the…

Emirates Introduces COVID-19 Insurances to Passengers, Cuts Crew Costs

The aviation industry is struggling to stay afloat during the pandemic. Emirates, a Dubai-based airline, is trying a new method to boost confidence for international travel by introducing a brand-new insurance to passengers. Emirates' new program will compensate passengers if…

Ryanair Reports Second Quarter Losses

Ryanair Holdings PLC reported a loss of €185 million for the second quarter of 2020, the first quarter of its fiscal year, on Monday. This is a stark contrast from the same period last year, when the carrier made €243million,…

Korean Air Suspends Flights, Adjusts Premium Classes and Freighter Fleet

Korean Air announced Monday that it is scaling back a significant number of flights due to the decrease in passenger volume because of the coronavirus. In a press release, the airline announced it would be either suspending or reducing the…