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GE’s stock craters to 3-decade low as airline industry outlook darkens
Shares of General Electric Corp. fell in very active trading to a 29-year low on Wednesday, as sentiment toward the airline industry continued to sour with the impact on travel from COVID-19 pandemic expected to linger for years to come......»»
No middle-seat ban: EU sets out air travel rules
The EU has set out its proposals for future air travel. Passengers will need masks, but Brussels says there's no need to ban the use of middle seats. Julian Satterthwaite reports......»»
Boeing CEO says ‘most likely’ a major US airline will go out of business
Air travel in the U.S. is down more than 90% from a year ago. Boeing CEO David Calhoun said air travel will recover so slowly that “most likely†one.....»»
Airlines are on the brink of bankruptcy — what happens to your voucher, travel miles and airline credit card if they go belly up?
As some warn about the possibility of airline bankruptcies, consumers could face the loss of those canceled tickets......»»
Contact tracing, temperature checks and masks: airline industry outlines new norms
Airlines and airports are recommending a layered approach to temporary safety measures as air travel restarts, warning that no single measure can mitigate all of the risks during the pandemic, according to a briefing document seen by Reuters......»»
Coronavirus crisis leads to largest U.S. consumer price decline since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as Americans stayed home during the coronavirus crisis......»»
U.S. consumer prices post largest decrease since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as Americans stayed home during the coronavirus crisis......»»
Consumer prices plunge with demand for gas, services
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis......»»
U.S. consumer prices post largest drop since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis......»»
U.S. consumer prices post biggest decrease since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis......»»
KLM passengers must bring their own face masks on all flights
Passengers on all flights of KLM, the Dutch subsidiary of Air France KLM, must wear face masks during travel starting on Monday, the airline said in a statement......»»
EasyJet, Heathrow want early exit from UK quarantine rules
Britain's easyJet urged the government to only keep quarantine requirements for a short period, while Heathrow Airport called for a plan to re-open borders, as new travel rules sent shockwaves through an industry already on its knees......»»
Avianca files for bankruptcy as LatAm skies stay closed
Avianca Holdings SA, one of the biggest carriers in Latin America, filed for Chapter 11 bankruptcy after travel bans across the region forced the Colombian airline to ground its fleet......»»
The Wall Street Journal: Colombian airline Avianca files for Chapter 11 bankruptcy
Colombian airline Avianca Holdings SA filed for bankruptcy protection in the U.S. as travel restrictions curtail flights and the company vies for public assistance from the Colombian and other governments to endure the coronavirus pandemic......»»
Airline stocks snap losing streak as JetBlue deems demand has already bottomed
Airline stocks rose Thursday for the first time in over a week, after JetBlue Airways Corp. reported a wider-than-expected loss but fueled investor optimism by saying travel demand appeared to bottom weeks ago......»»
Tampa International Airport defers airline rates and rent for concessionaires
Tampa International Airport's tenants are financially suffering from the economic downturn of the travel industry due to the Covid-19 pandemic, and in response the airport has chosen to defer rent and rates. The decision to provide relief for a short ti.....»»
How Warren Buffett Dealt Boeing Stock a Blow
Boeing was in trouble long before the COVID-19 pandemic forever changed air travel. Things did not get better this weekend, given Warren Buffett’s bad news for airline stocks......»»
Wizz Air plans for easing of restrictions with holiday flights from June
Low cost airline Wizz Air said it is planning for the easing of travel restrictions by starting new routes from Britain's London Luton airport to holiday destinations in Portugal from 16 June and to Greece from July......»»
Court rules on mass gatherings, travel bans in Kentucky
Both measures were put in place by Gov. Andy Beshear in March in order to slow the spread of the novel coronavirus. And they've been the target of legal action......»»
Majority of EU states back suspension of air travel refunds, France says
Germany, Italy and Spain have joined a call by 12 European Union governments for the EU's executive body to suspend rules forcing crisis-hit airlines to offer full cash refunds for cancelled flights, France said in a statement on Saturday......»»