Airline Industry warns of crisis bigger than 9/11 aftermath
Global air traffic demand fell 14% in February, the most since the 9/11 terrorist attacks, as airlines were “hit by a sledgehammer called COVID-19,” the…
Frightened workers stay away from factory floors, hitting output
Philippe Petitcolin has had a hard time getting workers back on the factory floor.
Cathay cuts skeleton capacity even further as demand disappears
Cathay Pacific Airways Ltd. said it will cut capacity even further as travel demand has disappeared because of the coronavirus.
Oil market still under pressure despite record futures surge
While oil futures got a record boost from President Donald Trump’s claim that Saudi Arabia and Russia would make deep supply cuts, the market for…
HNA’s Swissport to Hire Houlihan Lokey to Advise on Debt
Swissport International AG, the airport ground services firm owned by beleaguered Chinese conglomerate HNA Group Co., hired advisers to review its debt as passenger air…
Treasury lines up bankers to handle coronavirus business loans
The Treasury Department has retained several Wall Street banks to assist with loans to three industries during the coronavirus crisis.
American Airlines gives up on most overseas flying this summer
American Airlines Group Inc. will slash international flying as far out as the end of August as the novel coronavirus batters travel demand through the…
Oil Soars on Trump’s Contentious Saudi-Russia Output Cuts Claim
Oil soared after U.S. President Donald Trump said Saudi Arabia and Russia would make major output cuts, though uncertainty swirled over the volume of curbs…
Federal Court decision provides clear path for completing contract negotiations for Atlas Air and Southern Air Pilots
Atlas Air Worldwide Holdings, Inc. confirmed that Tuesday, the federal district court in Washington D.C. ruled that the arbitration awards issued in favor of Atlas…
BEA news: US international trade in goods and services, February 2020
The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: The U.S. monthly international trade deficit decreased in February 2020 according…
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