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Second COVID-19 Wave Would Be Devastating For Airlines, Says Former Spirit CEO
Monday, September 21, 2020 - 2:52pm | 344Read More...If a second wave of COVID-19 infections spreads across the U.S., it will be "really terrible for the whole economy," former Spirit Airlines Incorporated (NYSE: SAVE) CEO and President Ben Baldanza said on CNBC's "Squawk Box." No Recovery In 2020: The fourth quarter is...
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3 Airline Stocks To Buy, According To Seaport Global
Tuesday, September 15, 2020 - 12:55pm | 823Read More...Seaport Global initiated coverage of seven airliners, three of which should be bought by investors. Daniel McKenzie initiated coverage of the following airliners: Alaska Air Group, Inc. (NYSE: ALK) at Buy, $53 price target. Allegiant Travel Company (NASDAQ: ALGT) at Buy, $166 price target. Azul SA...
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Lufthansa Balks At EU Conditions For German Aid Package
Thursday, May 28, 2020 - 8:58am | 342Read More...Deutsche Lufthansa AG (OTC: DLAKY) board of directors postponed a decision to accept a $9.8 billion economic relief package from the German government after European Union competition authorities said the airline would have to relinquish valuable slots at its hubs in Frankfurt and Munich. Giving...
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Airlines Highlight Hygiene Efforts To Win Back Customers
Thursday, May 21, 2020 - 8:49am | 1412Read More...With the Memorial Day weekend approaching, U.S. airlines are making a bid to recapture business by emphasizing extensive hygiene protocols and practices designed to reduce the risk of coronavirus transmission. And European authorities issued guidance Wednesday to assure the health safety of air...
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Lufthansa Inches Toward Restart, Seeks German Government Bailout
Friday, May 8, 2020 - 3:15pm | 632Read More...European airlines are beginning to see faint glimmers of economic sunlight and preparing to come out of their coronavirus hibernation. Deutsche Lufthansa AG (OTCMKTS:DLAKY) on Friday said group airlines Lufthansa, Eurowings and SWISS will collectively reactivate 80 aircraft for June, doubling the...
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Southwest Airlines CEO On 'Breathtaking' March Declines, Financial Plans
Tuesday, April 28, 2020 - 3:35pm | 530Read More...Southwest Airlines Co (NYSE: LUV) was flying high in January and the beginning of February, but started to see signs of the effect of the coronavirus at the end of February, CEO Gary Kelly said on CNBC's "Squawk Box." Southwest Sees 'Breathtaking' Traffic Decline By the...
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Airline Workers Call For More COVID-19 Protections
Tuesday, April 21, 2020 - 4:59pm | 968Read More...Airline workers, like their counterparts at groceries, meatpacking plants, warehouses and ground transportation companies, are worried employers are not doing enough to protect them from infection. Even though airlines only have skeleton operations because of the coronavirus crisis and many...
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Air Forwarders Want Financial Relief In Next Federal Aid Package
Friday, April 17, 2020 - 10:00am | 797Read More...After being left out of a recent multibillion-dollar federal aid package for the domestic airlines, airfreight forwarders are now asking the U.S. government for aid to be set aside for their industry in the next economic stimulus legislation. Specifically, the Airforwarders Association is...
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US Airlines Accept Government's Workforce Aid
Wednesday, April 15, 2020 - 11:10am | 1482Read More...Ten major airlines have tentatively agreed to accept federal assistance to keep employees on their payrolls through Sept. 30 after balking for the past week over surprise terms presented by the Treasury Department. Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier...
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Airlines Face $314 Billion Bath As Economy Dives
Tuesday, April 14, 2020 - 5:14pm | 615Read More...The global airline industry will generate $314 billion less revenue this year than in 2019 because the coronavirus pandemic has decimated air travel, according to the International Air Transport Association (IATA). The figure represents a 55% drop in business that is putting airlines at risk of...
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Alaska, American Cut More Capacity As Airlines Try To Preserve Cash
Tuesday, April 7, 2020 - 9:33am | 863Read More...Alaska Airlines' parent company on Monday dialed back its flight schedule even further and said it had applied for federal worker-protection grants, amid more signs that the airline industry is under extreme financial duress. In a regulatory disclosure, Alaska Air Group, Inc. (NYSE: ALK) said it...
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Commentary: Why Airlines Are Giving Freight The Window Seats
Monday, April 6, 2020 - 3:25pm | 1030Read More...The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Photo credit: American Airlines An old quip in transportation management is that passengers are freight that complain. But what about giving freight the window...
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Airlines Continue To Rationalize Networks Amid Collapse In Travel
Friday, April 3, 2020 - 4:42pm | 1154Read More...American Airlines Group, Inc. (NASDAQ: AAL) and British Airways announced Thursday they will cut passenger capacity deeper and further as the leading airline industry group published figures showing a steep drop in February traffic. The sobering reality for airlines, which are operating at...
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Airlines Feel Pressure To Maintain Minimum Level Of Domestic Service
Wednesday, April 1, 2020 - 4:10pm | 730Read More...The rapid spread of the coronavirus in the U.S. is raising questions among shippers about whether domestic airlines will virtually stop flying or the U.S. government will shut down the aviation system. Either move is extremely unlikely, but air traffic is so depleted already that companies with...
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American To Park 80% Of Domestic Capacity By May
Friday, March 27, 2020 - 3:36pm | 785Read More...American Airlines Group, Inc. (NASDAQ: AAL) said Friday it will suspend 60% of its flight schedule in April and likely reduce capacity by 80% in May because of the coronavirus pandemic. The move follows domestic-network cutbacks this week by United Airlines Holdings, Inc. (NASDAQ: UAL) and Alaska...
