CARES act
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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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Air Cargo
Delta faces ‘staggering’ Q2 loss in face of COVID-19
Atlanta-based airline posted $3.9 billion pretax loss for the second quarter.
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American Shipper
Hawaii’s Young Brothers seeks rate increase to stay afloat
Even before Hawaii imposed COVID-19 travel restrictions earlier this year, Young Brothers lost money and last year sought a rate increase valued at $13 million…
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News
YRC gives government 30% stake in its latest financial bailout
YRC gives the Treasury Department a 30% equity stake in exchange for a $700 million lifeline.
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