Airline bailouts
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Air Cargo
Airline group issues distress call as projected losses reach $128B
Airlines are slowly adding flights, but don’t mistake that for market optimism. Bookings are trending down for the winter and airlines are bleeding billions in…
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Air Cargo
United Cargo spared brunt of airline’s job cuts
No part of United Airlines was spared from job cuts announced Wednesday, but the cargo division’s roughly 50 job losses are far fewer than those…
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Air Cargo
Airlines say survival depends on bailouts, reopened borders
The viability of the airline industry is at stake because COVID has mostly wiped out passenger travel. The group’s global trade association is pleading with…
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Air Cargo
Analysis: US airlines eliminate change fees — and thousands of jobs
U.S. passenger travel seems capped at about 70% of last year’s level until there is a coronavirus vaccine. International travel is a dumpster fire —…
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Air Cargo
American Airlines to chop 19,000 jobs amid travel slump
The CARES Act was a Band-Aid for the airline industry, holding tens of thousands of jobs in place for a brief period. Now the Band-Aid…
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Air Cargo
Exclusive: Largest airline trade association to reduce workforce 20%
The International Air Transport Association is preparing to eliminate about 400 jobs as airlines pinch pennies because of the coronavirus pandemic.
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Air Cargo
American Airlines warns of 25,000 job cuts
American Airlines, United Airlines and Delta Airlines are planning for mass layoffs unless workers take unpaid leave or separation packages as COVID continues to batter…
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Air Cargo
Virgin Atlantic secures emergency investment to fund operation
Virgin Atlantic is recapitalizing without support from the U.K. government thanks to internal and external investors and creditors.
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Air Cargo
KLM gets EU blessing for Dutch emergency aid
Airlines are leaning heavily on governments for support until they can get back on their feet once the COVID crisis subsides. Next up: KLM.
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Air Cargo
El Al crisis worsens, Aeromexico opts for bankruptcy
Airlines are sweating the coronavirus pandemic despite the recent upturn in travel. El Al says it might fail and Aeromexico went the bankruptcy route.
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