United Airlines is slowly ratcheting up its passenger schedule each month as travel increases, but it’s a tricky game to figure out how much supply to add in an uncertain world.
Airline industry officials are more pessimistic about a recovery after seeing a decline in consumer confidence and coronavirus surges in some countries. Cargo has more near-term upside, but June volumes were disappointing for carriers.
It’s not an accident that United Airlines’ cargo business in the second quarter dwarfed that of Delta Air Lines and American Airlines.
Southwest Airlines wrote its second-quarter results in red ink — $1.5 billion to be exact. It is not alone. All airlines are suffering financially from the coronavirus crisis.
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 discipline for the foreseeable future is critical to get back to profitability.
American Airlines and JetBlue plan to enter a strategic partnership to drive more passengers to their respective networks as they struggle with the economic fallout of the coronavirus pandemic.
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 the industry.
The FAA’s ruling allowing airlines to jam more cargo in the cabin by removing passenger seats may be a pyrrhic victory. The incentive to do so may have passed.
The air cargo market is getting closer to equilibrium, but the coronavirus is a wild card that could disrupt economic activity and put a premium on air transport again.
Airlines are sweating the coronavirus pandemic despite the recent upturn in travel. El Al says it might fail and Aeromexico went the bankruptcy route.
