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…
American Airlines adds more schedule suspensions in response to COVID-19
April and May capacity will be reduced, travel wavers for flight changes
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…
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…
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.
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,…
Desperate airlines swap passengers for cargo to stay afloat
Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones…
Boeing, suppliers near $60 billion US lifeline for aerospace
Boeing Co. and its suppliers are closing in on a federal rescue that would provide at least $60 billion to help ride out the coronavirus…
Airlines seen spurning US loans now with other funds handy
U.S. airlines probably will avoid applying for some $25 billion in loans under a federal aid package designed to help them survive the collapse in…
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