Airlines are sweating the coronavirus pandemic despite the recent upturn in travel. El Al says it might fail and Aeromexico went the bankruptcy route.
Net loss whittled from $24.3 million last year to $11.9 million in Q1 2020
Israel’s flagship carrier El Al is struggling to hold on financially during the COVID-19 pandemic and is looking to the government for a lifeline.
Airlines are taking it on the chin from the coronavirus. To balance revenues with expenses, airlines are cutting schedules. Lufthansa and United Airlines have taken cost-cutting even further.
Transflo has bundled an ELD, weigh station bypass, navigation and more into a single solution available on driver’s mobile devices.
The phased strategy comes as the automotive industry is pulling back on its ambitious claims about when fully autonomous vehicles (AVs) will hit the mainstream.
FedEx started with Flying Cargo in 1990.
VAYAVISION, an Israeli startup that works on providing raw data fusion and perception systems for autonomous vehicles has raised $8 million in seed financing, which it plans to invest in its productization process.
