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Spending cuts

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.
U.S. consumer confidence posts biggest gain in 17 years; downside risks remain

U.S. consumer confidence posts biggest gain in 17 years; downside risks remain

By: Lucia Mutikani
Source: Reuters
Date of Publication: September 29th, 2020
U.S. consumer confidence rebounded by the most in 17 years in September amid an improvement in labor market views, but it remained below levels that prevailed before the COVID-19 pandemic struck the nation early this year.
End of the jumbo: British Airways retires 747 early due to coronavirus crisis

End of the jumbo: British Airways retires 747 early due to coronavirus crisis

By: Sarah Young, Maria Ponnezhath, Tim Hepher
Source: Reuters
Date of Publication: July 15th, 2020
British Airways, the world’s largest operator of Boeing 747s, will retire its entire jumbo jet fleet with immediate effect after the COVID-19 pandemic sent air travel into freefall.
Adidas hails effectiveness of #hometeam campaign but cuts spend in response to pandemic

Adidas hails effectiveness of #hometeam campaign but cuts spend in response to pandemic

By: Sarah Vizard
Source: Marketing Week
Date of Publication: April 27th, 2020
Adidas reports success in recent ad campaign #hometeam, but pulls investment of ads due to coronavirus response.