The travel industry has been in a soup since the coronavirus outbreak. With governments imposing lockdowns and travel restrictions, the industry is getting severe blows from all sides. While experts have predicted that major organizations will survive the crisis, startups were looking at a dead-end. Several travel-related startups have laid off significant numbers of employees…
Britain’s flag carrier British Airways is reportedly planning to cut as many as 12,000 jobs in response to the coronavirus crisis. Stating that the passenger numbers will take years to recover due to the pandemic, its owner International Consolidated Airlines Group announced the news on Tuesday. IAG, which also owns Iberia, Aer Lingus, and Vueling,…
The coronavirus pandemic has now started to impact the world economy to another level. The novel virus outbreak, which was once considered to be China’s “internal problem”, has now become a global headache. The World Health Organization has now termed the outbreak as “pandemic”, forcing governments to act on war footing to combat the disease…
Germany’s flag carrier Lufthansa is reportedly looking for a new Chief Financial Officer in the midst of a crisis created by the global coronavirus pandemic. Lufthansa recently announced that its Chief Financial Officer Ulrik Svensson has resigned citing health reasons. The 58-year old executive had been a member of the company board since January 1,…
New York-based global tech travel firm Fareportal has reportedly laid off about 200 employees from its Gurugram and Pune offices amid the ongoing coronavirus pandemic. The novel coronavirus pandemic has crippled the travel industry forcing companies to run for their money and conserve as much capital as they can. This has led travel companies to…
The novel coronavirus outbreak, which originated in the Wuhan City of China, has now become a global headache. So far, the pandemic has claimed more than 8,900 lives and infected more than 200,000 people in 160 countries. But it’s not just individuals who are infected with the virus, businesses have been facing tremendous losses. The…
The novel coronavirus has engulfed the world in fear of its rapid spread and lack of medication. The virus which was first discovered in Wuhan City, China has so far claimed more than 3,000 lives and put at risk the lives of 90,000 people worldwide. As we speak today, the virus has entered India and…