CARES act
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Air Cargo
Atlas Air refuses to repay US bailout funds
Atlas Air says it faced hardships during the coronavirus pandemic, making it eligible for emergency airline aid from Congress despite a massive growth in business.
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Air Cargo
House committee slams airline contractors for layoffs after COVID aid
Ground handling companies, with the help of Trump administration officials at the Treasury Department, took CARES Act aid designed to keep workers employed and still…
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Air Cargo
House Democrats try to claw back COVID aid from cargo airlines
Air cargo companies are raking in revenues this year. It might be a bad time to ask for a handout from the government.
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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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News
Commentary: With PPP loans ended, what comes next?
Now is a good time for carriers that boosted their balance sheets with PPP loans to leverage that by investing in technology.
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Infographics
Daily Infographic: Post-CARES Act unemployment rate
To view more infographics, click here.
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News
Postal Service reaches agreement on $10 billion Treasury loan
Trump opposed CARES Act loan in May unless agency raised rates it charged Amazon
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News
YRC loan under scrutiny; board shied away from company stock in 2019
YRC loan called into question by Congressional Oversight Commission. YRC’s board may have had the same concerns with the company’s equity in 2019.
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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
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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