Qantas has had its credit rating downgraded to junk status, following the beleaguered airline’s decision to sack 1,000 workers amid heavy financial losses.
Qantas is seeking legislative changes from the federal government to “level the playing field” with its rival Virgin after it announced 1,000 job losses, foreshadowed its first loss in the six months to December and announced cost-cutting to save $2bn over three years.
Tommy Suharto, the son of Indonesia's late president, has contacted the Serious Fraud Office in London to deny allegations that he was bribed by Rolls-Royce to persuade an Indonesian airline to buy the UK company's engines.
EasyJet pilots in France are to take strike action on Monday after accusing the airline of failing to share record profits with its staff.
EasyJet is investigating how one of its planes took off for Britain from Spain while leaving 29 of its checked-in passengers stranded and baffled at the gate.
After more than a decade of revelling in the reputation of being aviation's least likeable man, Ryanair boss Michael O'Leary has finally admitted that his image, and that of his airline, may be a problem.
United Airlines will honour plane tickets it mistakenly sold online for between $5 and $10, the company said on Friday.
Ryanair has been ordered by the competition commission to sell down its 29.8% stake in Aer Lingus to 5%, in a move that crushes the airline's ambitions to take over its Dublin-based rival.
It's China, what did you expect ?
The good news for George Osborne is that Lloyds shares have done well since his Mansion House speech. The stock has barely moved in the past two days – impressive in a soggy stock market after a big seller has announced its intentions.