Industries

Hospitality & Travel

Southwest offers buyout packages, temporary leaves to 'ensure survival'

Southwest offers buyout packages, temporary leaves to 'ensure survival'

By: Tracy Rucinski, David Shepardson
Source: Reuters
Date of Publication: June 1st, 2020
Southwest Airlines Co (LUV.N) on Monday extended buyout packages and temporary paid leaves to employees in what its chief executive said was an effort to “ensure survival” as the carrier braces for a slow recovery from the coronavirus pandemic, according to documents detailing the packages that were seen by Reuters.
Delta, union working to avoid furloughs of 2,300 pilots

Delta, union working to avoid furloughs of 2,300 pilots

By: Reuters
Source: CNBC
Date of Publication: June 1st, 2020
Delta Air Lines and its pilots union said they are working to avoid furloughs of roughly 2,300 pilots following a reshuffling process meant to match staffing to summer 2021 flying.
United cuts 13 high-level executives as travel demand ‘still a very long way from where it was’

United cuts 13 high-level executives as travel demand ‘still a very long way from where it was’

By: Leslie Josephs
Source: CNBC
Date of Publication: May 29th, 2020
United is cutting 13 of its 67 officers to try to save money because of coronavirus. The departures will be effective Oct. 1, after the terms of billions in federal aid expire. United and other airlines have been urging employees to take buyouts and other voluntary separation packages.
A new, new normal_ brands need to be thoughtful about their reopening ad strategy _ The Drum

A new, new normal: brands need to be thoughtful about their reopening ad strategy

By: Jennifer Faull
Source: The Drum
Date of Publication: May 21st, 2020
Retailers and restaurants are taking tentative steps to kickstart trading again as lockdown rules loosen around the globe. However, brands would do well to remember that cautious customers will be watching closely to see how they communicate that they’re back in business.
5 Industries Most Affected by COVID-19 Lockdown_MarketWatch

5 Industries Most Affected by COVID-19 Lockdown

Source: Market Watch
Date of Publication: April 21st, 2020
Strict limitations, quarantines and restrictions have resulted in a business slowdown and shutdown with some industry branches suffering more than others. And as the world awaits the COVID-19 vaccine in anticipation, here is the list of 5 industries that have been most affected by coronavirus lockdowns.
American Cruise Lines could be first to resume travel post-coronavirus

American Cruise Lines could be first to resume travel post-coronavirus

By: Angelica Stabile
Source: Fox Business
Date of Publication: May 25th, 2020
While prominent cruise lines like Royal Caribbean and Carnival might not be resuming travel after the coronavirus shutdown until Aug. 1, American Cruise Lines is aiming to get back on the water by the end of June.
Hertz's, Avis Budget's and Enterprise's business has ground to a near halt. This is what that means for automakers and car buyers

The rental car industry has ground to a near halt. This is what that means for automakers and car buyers

By: Chris Isidore
Source: CNN
Date of Publication: May 25th, 2020
The nation's rental car companies are in deep trouble. And that's another blow for the already struggling auto industry.
Hertz files for bankruptcy

Hertz files for bankruptcy

By: Chris Isidore
Source: CNN Business
Date of Publication: May 24th, 2020
Hertz filed for bankruptcy Friday night, the latest victim of the sudden economic downturn sparked by the Covid-19 pandemic.
New United CEO says he doesn't want to cut any jobs despite crisis

New United CEO says he doesn't want to cut any jobs despite crisis

By: Chris Isidore
Source: CNN Business
Date of Publication: May 20th, 2020
United Airlines' new CEO says he hopes to avoid staff cuts, despite the need to significantly reduce labor costs in the face of sharply lower demand for air travel.
Uber and Lyft Drivers Sue for New York Unemployment Benefits

Uber and Lyft Drivers Sue for New York Unemployment Benefits

By: Noam Scheiber
Source: New York Times
Date of Publication: May 26th, 2020
In the latest challenge over their labor status, gig workers say the state is illegally failing to pay them jobless benefits in a timely way.