Thursday, September 24th, 2020
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Tag Archives: Airlines

Airline CEOs plead with White House to avert massive looming U.S. job cuts

Flanked by other airline executives, American Airlines CEO Doug Parker speaks to reporters after meeting with White House Chief of Staff Mark Meadows in Washington, U.S., September 17, 2020. REUTERS/Kevin Lamarque

REUTERS, SEPTEMBER 17, 2020 WASHINGTON (Reuters) – White House Chief of Staff Mark Meadows met with major airline chief executives on Thursday as the industry braces for thousands of job cuts in two weeks, and urged lawmakers to embrace a $1.5 trillion coronavirus aid package proposed by a bipartisan congressional group and endorsed by President Donald Trump. Meadows told reporters …

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Airlines Bleed Money as Jets Half Empty, Long-Haul Still Grounded

Empty rows of airplane seats

BLOOMBERG, SEPTEMBER 1, 2020 July passenger traffic reached just 20% of 2019’s levels | Signs of domestic rebound fade outside China, IATA says By Richard Weiss and Christopher Jasper for Bloomberg – Airlines seeking to build up flights after idling their fleets at the height of the coronavirus outbreak are bleeding more cash as jets fly half empty and the most lucrative inter-continental …

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American Airlines will suspend flights to 15 U.S. cities. Here’s the list.

A member of a ground crew walks past American Airlines planes parked at the gate during

REUTERS, AUGUST 20, 2020 WASHINGTON (Reuters) – American Airlines Group Inc (AAL.O) said Thursday it plans to suspend flights to 15 U.S. airports in October as travel demand remains low as a result of the coronavirus pandemic. Congress has been weighing for weeks whether to grant U.S. airlines another $25 billion in payroll assistance that would keep tens of thousands …

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Virgin Atlantic files for bankruptcy as pandemic devastates airline industry

Airplane tail. Virgin logo

REUTERS, AUGUST 4, 2020 Virgin Atlantic declares bankruptcy after cutting over 3,000 jobs WASHINGTON/LONDON (Reuters) – Virgin Atlantic Airways Ltd is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing on Tuesday. Virgin Atlantic’s filing in U.S. …

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Daily passenger flights in China rebound to 80% of pre-COVID levels

People wearing face masks . Airport terminal

REUTERS, JULY 24, 2020 Beijing is also allowing more international flights, but requires all arrival passengers to provide negative COVID-19 test results before boarding. BEIJING (Reuters) – The number of daily passenger flights in China has rebounded to 80% of pre-coronavirus levels, China’s aviation regulator said on Friday, as the aviation industry recovers from the plunge in travel demand caused …

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Emirates Tries a New Tactic to Fill Planes: Cover Medical Costs – Cruise lines take note

Two Emirates airlines planes

BLOOMBERG, JULY 23, 2020 By Layan Odeh for Bloomberg – Emirates has come up with a unique way to boost confidence in air travel. The Dubai-based carrier on Thursday offered to cover the medical expenses of its passengers should they be diagnosed with Covid-19 while away from home. Emirates specializes in the type of long-distance flights that have been hit hardest by …

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U.S. Airlines Face End of Business Travel as They Knew It

Airplane. Ruway. Two people in hazmat suits.

BLOOMBERG, JULY 20, 2020 Impact of virus threatens industry’s engine of sales, profit | Road warriors turn to video conferences while CEOs eye budgets By Mary Schlangenstein, Esha Dey, and Brian Eckhouse for Bloomberg U.S. airlines hammered by the catastrophic loss of passengers during the pandemic are confronting a once-unthinkable scenario: that this crisis will obliterate much of the corporate flying they’ve relied …

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LATAM becomes largest airline yet driven to bankruptcy by coronavirus

passenger plane

REUTERS, MAY 26, 2020 (Reuters) – LATAM Airlines Group (LTM.SN), the continent’s largest carrier, filed for U.S. bankruptcy protection on Tuesday, becoming the world’s largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic. The filing highlights the financial weakness of Latin America’s carriers, following a similar bankruptcy earlier this month by the region’s No. 2 …

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SAS Airlines Temporarily Lays Off 90% of Workforce

Tail of airplane at airport with SAS logo in blue on it

BLOOMBERG, March 15, 2020 By Hanna Hoikkala – Scandinavian airline SAS AB will temporarily lay off up to 10,000 employees, or 90% of its workforce, in response to the fallout from the coronavirus and related measures from authorities that have restricted international air travel. “It is important to say that we do not intend this to lead to permanent layoffs,” said the company’s chief executive officer Rickard …

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