Airline bailouts Tagged Articles

Air Cargo

A white Air Canada jet with blue tail taxis in front of large aircraft hangar.

Eric Kulisch, Air Cargo EditorMonday, April 12, 2021

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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.

Air Cargo

A small white and blue jet on the tarmac with a yellow jet in the background.

Eric Kulisch, Air Cargo EditorTuesday, March 2, 2021

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…

Air Cargo

Line of planes in queue on taxiway wait to takeoff.

Eric Kulisch, Air Cargo EditorWednesday, January 20, 2021

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…

Air Cargo

A white Delta jet with blue tail against a blue sky looking up as it passes over on takeoff.

Eric Kulisch, Air Cargo EditorThursday, January 14, 2021

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.

Air Cargo

A gray/white Air Canada jet takes off on an overcast day with snow in the foreground.

Eric Kulisch, Air Cargo EditorWednesday, January 13, 2021

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.

Air Cargo

A large white jet getting loaded with cargo through side door. Airport worker with orange vest in foreground.

Eric Kulisch, Air Cargo EditorFriday, January 8, 2021

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…

Air Cargo

An Asiana jumbo jet with white fuselage and multicolored tail lifts off from runway.

Eric Kulisch, Air Cargo EditorMonday, November 16, 2020

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.

Air Cargo

Bright yellow Spirit planes at the airport gate.

Eric Kulisch, Air Cargo EditorTuesday, October 27, 2020

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…

Air Cargo

A white jet takes off with other planes sitting in the foreground and buildings from downtown Houston in the background.

Eric Kulisch, Air Cargo EditorTuesday, October 6, 2020

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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…

Air Cargo

United Airlines workers place box of seafood on conveyor belt to load plane on sunny day. United announced big job cuts.

Eric Kulisch, Air Cargo EditorThursday, September 3, 2020

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…