Air Freight News
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EasyJet Grounds Fleet, Plans to Build Buffer Against Virus Blow
EasyJet Plc grounded its entire fleet after completing customer-repatriation flights, and said it’s in talks to build a cash cushion to see it through the…
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Airlines Raise More Than $17 Billion From Banks in Weeks
Airlines worldwide raised more than $17 billion in bank loans in March to shore up their finances amid the coronavirus outbreak.
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Thai Airlines to Seek $491 Million Government Bailout, Post Says
Seven airlines in Thailand are set to start talks with the Finance Ministry for a 16 billion baht ($491 million) bailout, the Bangkok Post reported.
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CEO Doug Parker On What the CARES Act Would Mean for American
In a video shared with team members, American Airlines CEO Doug Parker discusses how the Coronavirus Aid, Relief, and Economic Security (CARES) Act is expected…
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American Airlines adds more schedule suspensions in response to COVID-19
April and May capacity will be reduced, travel wavers for flight changes
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Southwest Airlines Says It’s Losing ‘Big Money’ on Every Flight
Southwest Airlines Co. is losing “big money” on every flight, raising the risk of worker furloughs in the longer-term despite billions of dollars in immediate…
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Singapore Air Drops on $6.2 Billion Capital Raise to Fight Virus
Singapore Airlines Ltd. shares fell after the carrier unveiled a plan to raise about S$8.8 billion ($6.2 billion) to contend with the devastating impact of…
Activist fund offers to buy Delta’s 15% stake in Hanjin Kal
The activist fund that’s become Hanjin Kal Corp.’s single largest shareholder said it proposed to buy all the South Korean company’s shares held by Delta…
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Qatar Airways’ revenue sinks, plans to keep flying
Qatar Airways, which is continuing to operate a third of its normal schedule, has taken a “huge hit” from the coronavirus.
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U.S. Airline Bailout Offers Loans and Cash-for-Equity Aid
Struggling U.S. airlines will be eligible to receive federal loans and, if they are willing to give the government an option for an ownership stake,…