thomas cook to jet airways. turbulence in the airline industry has forced a record number of carriers to collapse. we find out about the impact on passengers. the us blacklists more chinese firms, setting an uncomfortable tone for crucial trade talks later this week. and stocks in asia are headed higher today on the hope of progress as a chinese delegation heads to washington for trade talks. turbulence in the airline industry has seen a spate of bankruptcies. carriers face headwinds from increased competition, particularly among budget carriers, to rising fuel prices at a time when the global economy is slowing. later today we find out how budget carrier easyjet, which posts results, is faring. 17 airlines have gone bust worldwide this year, with bankruptcies increasing at the fastest—ever rate. among the most high—profile to collapse, india's jet airways, british travel group thomas cook, and brazil's avianca. many airlines have also been hit by the grounding of the entire boeing 737 max fleet following two fa

thomas cook to jet airways.t the impact on passengers. the us blacklists more chinese firms, setting an uncomfortable tone for crucial trade talks later this week. and stocks in asia are headed higher today on the hope of progress as a chinese delegation heads to washington for trade talks.

from thomas cook to jet airways — turbulence in the airline industry has forced a record number of carriers

crashes of the 737 max 1st the lion air crash nearly a year ago and march's crash of an ethiopian airways jet liner this is a situation that has had a devastating impact on boeing's bottom line it lost 21 percent in revenue from a year ago and it also saw a nearly 50 percent drop in its share price this is also coming as the federal aviation administration which certifies whether airliners can fly itself is coming under pressure the inspector general for the department of transportation here in the united states says that the f.a.a. needs to upgrade the way that it approves planes to be put into service this is all coming as dennis mullen bird the boeing c.e.o. is getting ready to testify before congress about the 2 crashes involving the 737 max he told investors and analysts on a call on wednesday that he's prepared to say he is sorry on behalf of the company to the relatives of those who will lost in the plane crashes it's not clear though whether mr bolen burke is going to meet personally with the survivors families or whether he's simply going to offer it up as testimony either way boeing