Half of world’s airline capacity grounded by virus, OAG says
The global airline industry is operating with less than half the capacity it had in mid-January after slashing another 20 million seats from scheduled services…
Mnuchin asks airlines to propose financial stake in aid bid
Airlines will be required to propose up-front how the federal government could retain financial stakes in their companies in exchange for a share of $61…
Putin’s economic isolation suddenly doesn’t look so bad
Russian President Vladimir Putin has the U.S. Treasury Department to thank for helping his country prepare for a global economic crisis.
The hottest trade in commodities is finding space to store them
When it comes to commodities, the only thing in demand right now is somewhere to put them.
Virgin Australia seeks $863 million government rescue loan
Virgin Australia Holdings Ltd. asked the government for a A$1.4 billion ($863 million) loan to get through the coronavirus crisis.
Spirit Air Halts Flights to LaGuardia, Newark on Virus Advisory
Spirit Airlines Inc. is temporarily suspending service at five airports in the U.S. Northeast because of heightened government travel advisories aimed at curbing the spread…
Air Canada puts 16,500 staff on furlough, cuts operations
Air Canada will cut capacity by as much as 90% next quarter and temporarily reduce its workforce by about 16,500 to reduce costs during the…
Branson’s Virgin Orbit to pivot from rockets to ventilators
Billionaire Richard Branson’s rocket-launch company is looking to join the rush to make ventilators, as a shortage of the life-saving equipment looms because of the…
EU presses Johnson over Irish Customs checks after Brexit
The European Union warned the U.K. to set out what steps it will take to prevent a hard border in Ireland after Britain’s final break…
First-ever DACHSER Mexico international charter airlifts over 3 million surgical and respiratory masks to Germany
DACHSER de México S.A. de C.V. (DACHSER Mexico), a global logistics provider, announced that it provided free air transportation of more than three million surgical…
Get the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
