Airline bailouts
- Air Cargo
After long wait, Air Canada gets relief package from government
Air Canada is finally getting a lifeline from the Canadian government, potentially worth up to CA$5.9 billion.
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Airlines, pilots plead for more federal aid to retain workers
The airline industry took a massive punch from the pandemic last year, but most carriers have stayed on their feet. Airlines and their employees say…
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Airlines ask Biden-Buttigieg DOT to focus on COVID recovery
Airlines are bleeding red ink and are asking incoming DOT nominee Pete Buttigieg to focus on testing and other steps to give people confidence to…
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Delta grows cargo revenue, narrows loss to $2.1B in Q4
Delta’s downsizing helped it contain costs during an extremely challenging pandemic year. On Thursday, it reported a fourth-quarter loss before taxes of $2.1 billion.
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Air Canada suspends routes as COVID restrictions bite travel
New COVID travel restrictions have dealt Canadian airlines and their workers another blow. The financial road ahead looks scary until vaccines start working.
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Airlines reinstate collection of federal excise tax for air cargo
Airlines operating in the U.S. are once again collecting the federal excise tax on freight shipments that were suspended for most of last year to…
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Korean Air takeover of Asiana to create single national carrier
There are too many airlines in Korea’s domestic market to survive, so the government engineered a merger between Korean Air and Asiana.
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Fixed costs to sink airlines unless governments intervene, IATA warns
Airlines have cut costs to the bone to survive the COVID pandemic. Shrinking the bone — maintenance, airport fees, labor and aircraft rent — is…
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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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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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