Singapore Airlines secures $13 billion to survive coronavirus and grow after
Singapore Airlines Ltd said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return......»»
American Airlines loses $2.2B as coronavirus grounds flights
The Fort Worth, Texas-based air carrier lost $2.2 billion, or $5.26 a share, as total operating revenue plunged 20 percent to $8.52 billion......»»
American Airlines swings to loss as coronavirus pandemic creates "significant challenge"
American Airlines Group Inc. said Thursday it had a net loss of $2.241 billion, or $5.26 a share, in t.....»»
Southwest posts first quarterly loss in nine years, shores up cash to weather pandemic
Southwest Airlines Co on Tuesday posted a $94 million quarterly net loss, its first in nine years, and warned of drastic revenue drops ahead as it sought to raise another $2.6 billion to help weather the coronavirus pandemic......»»
Southwest posts first quarterly loss in nine years and warns on outlook
Southwest Airlines Co on Tuesday posted a $94 million quarterly net loss, its first in nine years, and warned of drastic revenue drops ahead as it sought to raise another $2.6 billion to help weather the coronavirus pandemic......»»
U.S. airlines receive extra $9.5 billion in payroll support: U.S. Treasury
The U.S. Treasury Department said on Saturday it has released $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers, bringing to $12.4 billion provided to the airline sector hit hard by the coronavirus pandemic......»»
Japan Airlines looking to tap banks for $2.8 billion in funding: NHK
Japan Airlines Co is discussing the possibility of securing financing totaling $2.8 billion from its lenders to cushion the financial blow of the coronavirus outbreak, public broadcaster NHK said on Saturday......»»
Air France-KLM wins aid deal, flags likely share issue
Air France-KLM secured 7 billion euros ($7.6 billion) in French government aid on Friday, as the airline industry struggles to survive the coronavirus crisis that has all but halted passenger traffic across much of the world......»»
Singtel secures $3 billion in bank credit for subsidiaries
Singapore Telecommunications' (Singtel) subsidiaries have secured close to $3 billion in bank credit facilities, it said on Friday......»»
Eight Thai airlines seek $770 million government assistance
Thailand’s budget and full-service carriers are seeking soft-loans worth 25 billion baht ($770.65 million) from the government to support their businesses amid the coronavirus outbreak, an airline executive said on Friday......»»
African airlines could lose $6 billion in passenger revenue in 2020: IATA
African airlines could lose $6 billion in passenger revenue in 2020, the International Air Transport Association said on Thursday, as flight restrictions due to the novel coronavirus hit the sector on the continent......»»
United Airlines looks to raise $1 billion with new stock offering, shares slip
United Airlines Holdings Inc on Tuesday announced a public offering of 39.25 million shares aimed at raising more than $1 billion to help shore up capital in the midst of the coronavirus pandemic......»»
Many of the world"s airlines could be bankrupt by May because of the COVID-19 crisis, according to an aviation consultancy. These airlines have already collapsed because of the pandemic.
Reuters The aviation consultant CAPA warned that "most" of the world's airlines could be bankrupt by the end of May, due to the ongoing coronavirus pandemic. Although President Donald Trump signed a $58 billion bailout for the airline i.....»»
South Korea state banks to provide up to $1.4 billion liquidity to Asiana Airlines
South Korea's two state-owned banks said on Tuesday they had together decided to provide up to 1.7 trillion won ($1.38 billion) in fresh liquidity to Asiana Airlines which is struggling with the impact of the coronavirus......»»
South Korea"s Asiana to get $1.4 billion liquidity from state banks
South Korea's two state-owned banks said on Tuesday they will provide up to 1.7 trillion won ($1.4 billion) in fresh liquidity to Asiana Airlines , the country's second-largest carrier, as the industry struggles with the coronavirus crisis......»»
Branson offers island as collateral as Virgin airlines face collapse
Virgin Atlantic and Virgin Australia will need government support if they're to survive the economic crisis triggered by the coronavirus pandemic......»»
Branson offers island as collateral as Virgin airlines face collapse
Virgin Atlantic and Virgin Australia will need government support if they're to survive the economic crisis triggered by the coronavirus pandemic......»»
United Airlines sees $2.1B loss as coronavirus hits growth hopes
United Airlines said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first quarter, after the coronavirus pandemic crushed demand......»»
United Airlines sees $2.1 billion loss as coronavirus hits LatAm growth hopes, seeks more federal aid
Unite.....»»
United Airlines sees first-quarter $2.1 billion pretax loss as coronavirus hits LatAm investments
United Airlines said on Monday it expects to report a pretax loss of about $2.1 billion for the first quarter, hurt by a precipitous drop in travel demand from the coronavirus outbreak which has weighed on its investments in Latin America......»»