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Airlines

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.
Southwest Airlines to Challenge Rivals at O’Hare and in Houston

Southwest Airlines to Challenge Rivals at O’Hare and in Houston

By: Alison Sider
Source: The Wall Street Journal
Date of Publication: October 12th, 2020
New service will take on United and American, as the carriers fight Covid-19’s impact.
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.
Pelosi asks airlines to pause furloughs, vowing additional aid, but no deal yet

Pelosi asks airlines to pause furloughs, vowing additional aid, but no deal yet

By: Leslie Josephs
Source: CNBC
Date of Publication: October 2nd, 2020
Pelosi said the additional aid could be a standalone bill or part of a broader coronavirus package.
Top U.S. airlines starting 32,000 furloughs as bailout hopes fade

Top U.S. airlines starting 32,000 furloughs as bailout hopes fade

By: Tracy Rucinski, David Shepardson
Source: Reuters
Date of Publication: September 30th, 2020
American Airlines and United Airlines, two of the largest U.S. carriers, said they were beginning furloughs of over 32,000 workers on Thursday as hopes faded for a last-minute bailout from Washington.
United, pilots agree on schedule reductions to avoid nearly 3,000 furloughs

United, pilots agree on schedule reductions to avoid nearly 3,000 furloughs

By: Leslie Josephs
Source: CNBC
Date of Publication: September 28th, 2020
United Airlines’ pilots agreed to reduce their hours to avoid furloughs of close to 3,000 pilots.
Coronavirus_ Airline CEOs meet with White House in plea for more federal aid

Airline CEOs meet with White House in last-minute plea for more coronavirus aid

By: Leslie Josephs
Source: CNBC
Date of Publication: September 17th, 2020
Airline CEOs and unions are seeking another $25 billion in federal aid to preserve jobs through March.
American Airlines, unions make new push to win government payroll assistance _ Reuters

American Airlines, unions make new push to win government payroll assistance

By: David Shepardson, Tracy Rucinski
Source: Reuters
Date of Publication: September 16th, 2020
American Airlines AAL.O Chief Executive Doug Parker and seven major airline unions on Wednesday made a new push to win additional government assistance to keep nearly 20,000 workers on the payroll past Oct. 1.