The U.S. government’s emergency aid package was only a Band-Aid for protecting jobs. Airlines promised not to have involuntary layoffs for six months, but now American Airlines is paving the way for mass layoffs.
(Updated May 25, 2020, 8:10 P.M. ET, with news about Emirates.) Air France-KLM Group (FP: AF) said it has permanently eliminated double-deck Airbus A380 aircraft from its fleet, joining other airlines that also are rationalizing fleets to contain costs amid a dramatic downturn in business caused by the coronavirus pandemic. The current economic hardship accelerated […]
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“Substantial” federal funding needed to maintain service, board chairman warns.
The Honolulu-based carrier has used some passenger airplanes to transport face masks from China, as well as food and medical supplies between islands.
United Airlines isn’t sugar-coating the airline industry’s economic reality. United expects to survive the coronavirus crisis, but business will be slim for months to come.
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Airlines and analysts are lowering expectations for a quick bounce back in business this summer because there still is so much uncertainty about the coronavirus.
TravelCenters of America is laying off more than 3,000 employees because its full-service restaurants are idle and stay-home orders keep most motorists off the highways.
“Revenues plummeting” with less vehicle traffic, say government officials.
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Airlines and employees gave a big sigh of relief when Congress recently passed a major industry bailout, but feelings turned to frustration when the Trump administration decided to limit the cash payouts.
KeepTruckin has started a petition asking congress to extend forgivable loans to cover truck lease/purchase payments and insurance costs.
Truck drivers would be eligible for COVID-19 “pandemic premium pay” under the proposal.
Third-party logistics providers engaged in international trade are facing the difficult decision of whether to thin staff or even close altogether in the face of a prolonged economic downturn caused by the coronavirus pandemic.
More funds for loans could help protect small and midsize carriers from layoffs.
Coalition says legislation would help ensure flow of new drivers.
Airlines are bleeding money, but a requirement that they give cash refunds for canceled flights could make things worse. Airlines are cutting more of their domestic networks to save money.
In a race against time, many are relying on the air freight industry to get critical goods to their destinations.
