Airlines Leave $29 Billion Aid Fund Untapped in Bet on Rebound
U.S. airlines have yet to tap $29 billion in federal pandemic relief loans as they wait to see whether the reopening of the economy revives…
TAP Air Portugal Recommences North American Service as Portugal Re-Opens Next Week
TAP Also Inaugurating 3 New Routes from Boston and Toronto to the Azores, and from Montreal to Lisbon
Frontier Airlines announces 18 new nonstop routes for Summer 2020
Low-fare carrier Frontier Airlines today announces 18 new routes for summer 2020. The new flights beginning in June and July expand the airline’s rapidly growing…
Mnuchin’s $29 Billion Loan Fund Untapped as Airlines Eye Rebound
U.S. airlines have yet to tap $29 billion in federal pandemic relief loans as they wait to see whether the re-opening of the economy revives…
American Air to Cut Management, Staff 30% Amid Travel Slump
American Airlines Group Inc. will cut 30% of its management and support staff, or about 5,100 jobs, as it continues to shrink operations in response…
Southwest Air Sets Flight Schedule at 2019 Level by Year-End
Southwest Airlines Co. expects to fly about the same capacity in late 2020 as it did a year earlier, projecting that business and holiday travel…
Portugal’s Decisions on Saving TAP Airline May Come in June
The Portuguese government may make decisions in June about saving carrier TAP SGPS SA, which had to suspend most of its operations due to the…
British Airways Pledges 48 Aircraft to Raise $750 Million Loan
British Airways raised $750 million in secured loans through a credit facility arranged by Citibank and backed by 48 aircraft as collateral.
Europe May Have to Hit U.S. With Tariffs to Settle Aircraft Dispute
The European Union may have no option but to impose retaliatory tariffs against the U.S. over its illegal aid to Boeing Co. in order to…
Delta offers retirement plans with recovery likely to drag on
Delta Air Lines Inc. is offering new programs to entice workers to leave the carrier voluntarily as it expects a large scale recovery in coronavirus-devastated…
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