China's three major carriers still suffered losses in the first three quarters of the year, but signs of recovery emerged in the third quarter, according to the financial reports.

Chinese online travel giant Ctrip is in talks with potential investors about funding its delisting from Nasdaq because of rising U.S.-China tensions and the coronavirus-driven hit to its business, sources told Reuters.

China Development Bank (CDB) Financial Leasing Co said Monday it canceled an order for 29 Boeing 737 MAX jets, dealing another blow to the US giant and its stock.

El Al Israel Airlines said it is in advanced talks with an Israeli bank to receive a loan that will be partly backed by government guarantees.

Virgin Australia Holdings Ltd on Tuesday succumbed to third-party led restructuring that could lead to a sale, making Australia's second-biggest airline the Asia-Pacific region's biggest victim of the coronavirus crisis gripping the industry.

Cash-strapped Virgin Australia Holdings Ltd on Thursday suspended trading in its shares to continue talks on financial aid and restructuring alternatives to help it weather the coronavirus crisis.

Norwegian Air shares plummeted again on Tuesday, and are now trading down around 97% from their 2015 peak, with the airline's survival depending on creditors accepting a rescue plan proposed last week.

Chinese airlines reported a total loss of 33.62 billion yuan (US$4.8 billion) in the first quarter as the coronavirus pandemic hit travel demand, the aviation regulator said on Wednesday.

Estimated global airline losses from the coronavirus pandemic have climbed to $314 billion, 25% more than previously forecast, owing to the severity of the economic downturn and a slower than previously expected reopening of international routes.

Highlights