US Airways, based in Tempe, Arizona, the United States, is cutting about 1,000 jobs (including 200 pilot-jobs) by 2010, terminating its fights from Philadelphia to 5 cities in Europe, as well as cutting back 43.8% daily departures from Las Vegas as a part of the airline’s efforts at ‘restructuring’ to curb losses.

The licences of the two airline pilots have been suspended after the incident in which they not only overflew their destination – the Minneapolis-Saint Paul International Airport – a week ago but also was out of contact with the air traffic control (ATC) for about 80 minutes in spite of repeated calls from the ATC tower.

Iberia Airlines, the flag-carrier airline of Spain, has canceled about 400 flights scheduled for October 26 and 27, 2009, in view of the strike planned by the flight attendants of the airline.

The United States Federal Aviation Administration (FAA) has proposed fines against two major US-based airlines – US Airways and United Airlines – for having flown their  planes “on hundreds of occasions” violating the FAA’s rules or other standards for airline safety.

Bangkok Airways, the regional airline based in Bangkok, Thailand, will stop its service between Phnom Penh, the capital of Cambodia, and Siem Reap in Thailand when the aviation agreement between Cambodia and Thailand expires on October 25, 2009, and Cambodia will not renew the licence.

The European aviation safety regulator has issued a safety warning for an airspeed sensor supplied by the United States-based Goodrich Corporation for the long-haul Airbus A330 and Airbus A340 jet aircraft and asked airlines to test the gadget.

American Airlines is making a major restructuring of its route system, with some airports based in the United States gaining flights and many others losing services.

The United States Federal Aviation Administration (FAA) has ordered US-based airlines to replace airspeed indicators in some Airbus aircraft following suspicions that the devices might have had a role in the crash of Air France Flight 447 in the Atlantic Ocean on June 1, 2009, in which all 228 people on board perished.

SkyEurope Airlines, the budget airline based in Slovakia, has declared bankruptcy because of what it described as the “shortage of sufficient interim funding to finance ongoing operations.’

There was a rise in the number of deaths in the United States in 2008 from crashes of charter flights that include medical helicopters, air taxis and tour flights.

Passenger revenue of airlines based in the United States has dropped by 19% in February 2009, compared to February 2008 – the decline applying to both domestic flights as well as flights across the Atlantic and the Pacific and to Latin American countries.

Qantas Airways to scrap 100 senior executive posts in a bid to tackle the tough times.

The United States Federal Aviation Administration (FAA) has ordered grounding and inspection of Bell Helicopter’s civil aircraft models for checking and repairing a control mechanism that was improperly installed.

The agency that investigates air accidents in the United States has warned that there is “a high probability” of the fault which led to the crashlanding of two Boeing 777s in 2008 happening to other aircraft.

China's aviation sector posts losses amounting to 28 billion yuan in 2008 – its biggest loss in 30 years.

Duncan Aviation, based in Lincoln, Nebraska, the United States, has announced that it will lay off workers across the United States in view of the fall in use of business aircraft amidst the global economic recession.

Frontier Airlines, the low-fare airline based in Denver, Colorado, the United States, has announced that its traffic for February 2009 fell by 19.9% compared to the same period a year ago, mainly on account of a deceleration in demand for air travel.

Aegean Airlines, a private airline company based in Greece, and Chrysler Aviation, a leading aircraft charter and management company based in the United States, have put forward new bids for Olympic Airlines, the national carrier of Greece.

The Boeing Company, the major aircraft-manufacturer based in the United States, has decided to cut 90 jobs within a week.

American Airlines, based in Fort Worth, Texas, the United States, says it is planning to lay off up to 410 flight attendants on April 1, 2009, “unless the carrier can get, by March 6, 2009, sufficient number of volunteers to take leaves, early departures or other steps to reduce their ranks.”

  Relatives of a woman who was killed, along with 48 other people, when a commuter plane of Continental Airlines crashed into a suburb in Buffalo, New York, on February 12, 2009, have filed a lawsuit against the airline and the manufacturer of the plane.

  Air New Zealand, the national flag carrier of New Zealand, has announced that its net profit in the half-year2008  plunged by 79% mainly because of higher prices of fuel. The net profit for the six months ended December 31, 2008, was NZ $24 million ($12.2 million), compared with NZ $115 million a year ago.

Air Canada, the flag-carrier airline of Canada, recorded a colossal loss of $1 billion in 2008 because of what the airline described as record-high prices of fuel, declining demand for air travel, and unfavourable foreign exchange that hit earnings.

Air France-KLM, the biggest airline in Europe, has suffered losses in the three months to December 2008, which it blamed on the global economic recession.

Aircraft manufacturer Hawker Beechcraft Corporation (HBC), headquartered in Wichita, Kansas, the United States, has posted a net post-tax loss of $139.9 million for the 12 months ending December 31, 2008.

The United States Federal Aviation Administration (FAA) has told its employees that one of its computers was hacked and that “personally identifiable information” of over 45,000 employees and retirees was “stolen electronically.”

The worldwide airline industry suffered a “shocking” 22.6% fall in air cargo traffic in December 2008, the International Air Transport Association (IATA) has said. This followed a 13.5% decrease in air cargo traffic in November 2008.

Boeing Co., world's second largest airplane maker announced 10,000 job cuts or around 6 present of its workforce in 2009. This includes the 4,500 job cuts the company announced on January 9 this year.

British Airways, the national airline and flag carrier of the United Kingdom and the third biggest airline in Europe, says it expects to post a third-quarter operating loss of about 50 million pounds ($69.9 million) because of dwindling travel demand as well as declining value of the pound.

Delta Air Lines, based in Atlanta, Georgia, the United States, has reported considerable fourth-quarter losses which the airline blamed on higher costs of fuel and a non-cash charge related to stock options following Delta's acquisition of Northwest Airlines.