airline industry
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Air Cargo
Cathay Pacific sending planes to Australia for storage during pandemic
Warm, dry weather isn’t just easier on the body, it’s nice for airplanes with metal frames and electronics that can deteriorate when there is too…
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Air Cargo
United Airlines: Least worst is best
United Airlines lost $1.6 billion in the second quarter. Given that a pandemic has hammered passenger travel, that’s relatively good. Company officials say maintaining capacity…
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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
Delta cargo revenue drops despite freight-only flights
Delta Air Lines will retire more than 100 planes by year’s end, reducing the carrier’s available cargo capacity to some destinations after coronavirus passes.
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Air Cargo
Airlines chafe against UK quarantine as Europe opens travel
It’s a turbulent period in Europe for the aviation industry. Regional travel is reopening in the EU, but the UK has tightened travel restrictions and…
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Air Cargo
Get ready for the new, slimmer Delta
Delta is raising huge amounts of capital and cutting costs by half as it sets the stage for a new world with less travel.
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Air Cargo
Opposition increases to blank-check bailout of airline industry
An airline bailout raíses questions of corporate welfare and could anger voters if they are left without jobs or suffer wage losses because of the…
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Air Cargo
Delta to ground 600 aircraft as airlines go into survival mode
It’s a full red alert for the airline industry as the coronavirus crushes travel demand. Companies are racing to shore up their finances as revenues…
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