American Airlines plans to cut 19 000 jobs

The FINANCIAL — American Airlines announced that it would shrink its workforce by 40,000, including 19,000 involuntary cuts, on 1 October, as the coronavirus pandemic continues to weigh on air travel. Other airlines such as United, British airways and Lufthansa have warned of

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8 mins read

Bitcoin exchange might have a problem

The FINANCIAL — Bitcoin has been gaining popularity for past years, but despite this fact it still is cyber criminals’ favorite tool. Bitcoin also has a ransomware variant, known as Ryuk. Ryuk was created in 2018 and it is thought to have stolen

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5 mins read

Significant increase in the number of flights

The FINANCIAL — Air travel demand in Europe is recovering from COVID-19 impact. Business aviation recovering faster than other segments and now only 9% below 2019 levels. Also, all-cargo flights are 4% above 2019 levels. Ryanair, announced it has restored over 60% of normal flight

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6 mins read
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