Industries

Aerospace

American Airlines sending 13,000 furlough warnings as pandemic pain persists

American Airlines sending 13,000 furlough warnings as pandemic pain persists

By: Tracy Rucinski
Source: Reuters
Date of Publication: February 3rd, 2021
American Airlines said that some 13,000 employees are at risk of furlough when a U.S. aid package for airline workers expires on April 1, blaming slow vaccine rollouts and new international travel restrictions for dampening demand.
U.S. airlines caution on winter challenges as COVID-19 cases rise

U.S. airlines caution on winter challenges as COVID-19 cases rise

By: Tracy Rucinski, David Shepardson
Source: Reuters
Date of Publication: November 12th, 2020
Delta Air Lines DAL.N and Southwest Airlines LUV.N on Thursday cautioned that the recent surge in COVID-19 cases may have a negative impact on travel over the winter holidays, a period the sector had hoped would see improved bookings.
Southwest reports biggest ever quarterly loss on virus hit

Southwest reports biggest ever quarterly loss on virus hit

Source: Reuters
Date of Publication: October 22nd, 2020
Southwest Airlines Co LUV.N reported on Thursday a loss of more than $1 billion, its biggest ever, in the third quarter, while saying it would burn less cash in the months to come as leisure bookings show signs of recovery from this year's coronavirus-driven collapse.
U.S. airlines lay out COVID-19 damage and renew calls for aid

U.S. airlines lay out COVID-19 damage and renew calls for aid

By: Tracy Rucinski, Sanjana Shivdas
Source: Reuters
Date of Publication: October 22nd, 2020
American Airlines AAL.O and Southwest Airlines LUV.N signaled on Thursday that they would continue to hemorrhage cash into next year as revenues hover around a third of 2019's levels due to a collapse in demand from the coronavirus.
United Airlines slashes costs to prepare for eventual COVID-19 rebound

United Airlines slashes costs to prepare for eventual COVID-19 rebound

By: Tracy Rucinski, Ankit Ajmera
Source: Reuters
Date of Publication: October 14th, 2020
United Airlines said on Wednesday it cut operating costs by 59% in the third quarter and had nearly $20 billion of liquidity to position it for an eventual recovery from the COVID-19 crisis that has hammered the travel industry.
Southwest seeks pay cuts from unions to avoid layoffs through 2021

Southwest seeks pay cuts from unions to avoid layoffs through 2021

By: Tracy Rucinski
Source: Reuters
Date of Publication: October 5th, 2020
Southwest Airlines LUV.N said on Monday it is asking unions to agree to pay cuts in order to prevent furloughs and layoffs through 2021 as the industry struggles to stem losses from the coronavirus pandemic in the absence of more federal aid.
Raytheon cutting 15,000 jobs at Pratt & Whitney, Collins Aerospace and corporate offices in response to slump in aviation

Raytheon cutting 15,000 jobs at Pratt & Whitney, Collins Aerospace and corporate offices in response to slump in aviation

By: Stephen Singer
Source: Hartford Courant
Date of Publication: September 16th, 2020
The chief executive officer of Raytheon Technologies Corp. said Wednesday the aerospace and defense giant will cut 15,000 commercial aerospace jobs this year at Pratt & Whitney, Collins Aerospace and in corporate offices in response to the steep drop in aviation caused by COVID-19.
Boeing testing hand-held UV wand to sanitize cockpits, cabins

Boeing testing hand-held UV wand to sanitize cockpits, cabins

By: Eric M. Johnson
Source: Reuters
Date of Publication: August 21st, 2020
Boeing Co said on Friday it is developing a hand-held wand that emits ultraviolet light to neutralize bacteria and viruses, part of a suite of methods to disinfect flight deck surfaces and controls, as well as surfaces throughout the cabin.
Boeing order cancellations outpace new sales for sixth straight month as demand continues to fall

Boeing order cancellations outpace new sales for sixth straight month as demand continues to fall

By: Leslie Josephs
Source: CNBC
Date of Publication: August 11th, 2020
Boeing logged 43 cancellations and no new orders in July, adding to troubles for the plane maker. The company last month said it planned to lower production targets of its 787 and its 737 Max. The coronavirus pandemic adds to Boeing’s troubles that started with two crashes of its bestselling 737 Max in 2018 and 2019.
BOEING INFORMATION ON CORONAVIRUS (COVID-19)

BOEING INFORMATION ON CORONAVIRUS (COVID-19)

By: Boeing
Source: Boeing
Boeing provides an update on their polices and safety measures due to the COVID-19 out brake.