Airline industry not likely to recover for at least a year: Southwest CEO

International seat capacity has dropped by almost 80% from a year ago and half the world's airplanes are in storage, new data shows, suggesting the aviation industry may take years to recover from the coronavirus pandemic......»»

August saw the largest airline ticket price increase of 2019 as the industry continues to deal with fallout from the 737 Max grounding. Airline fares rose 1.6 percent in August compared with a year prior, according to the U.S. Bureau of Labor Statis.....»»

August saw the largest airline ticket price increase of 2019 as the industry continues to deal with fallout from the 737 Max grounding. Airline fares rose 1.6 percent in August compared to a year prior, according to the U.S. Bureau of Labor Statis.....»»

Results are from period during which North America's airline industry lost more than $40 billion in revenue and passenger volume dropped 60%......»»

Warren Buffett on Saturday defended Berkshire Hathaway Inc.'s decision last year to sell its stake in major airlines in May 2020 as the industry reeled from.....»»

Airline stocks could fly up another 70%, says Jefferies, which sees relatively lower oil prices as helping the industry recover from the pandemic. Flying on American Airlines during .....»»

Southwest Airlines recently came to an agreement with Sabre — even after some blunt comments last year about the software company by the president of the airline. The firms have come to terms on a full participation distribution deal that en.....»»

Southwest often boasts it is the largest carrier in California, and the airline will fly to 13 destinations within the state when these two new airports come online next year......»»

Southwest often boasts it is the largest carrier in California, and the airline will fly to 13 destinations within the state when these two new airports come online next year......»»

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......»»

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.....»»

Chip Somodevilla / Getty Warren Buffett is too negative about the airline industry's post-coronavirus outlook, Southwest Airlines CEO Gary Kelly told CNN on Wednesday. The billionaire investor's Berkshir.....»»

Mark, 34, quit his job as a town planner in London last year to start flight-training school, buoyed by a conditional offer of employment with budget carrier easyJet at a time when the airline industry was desperately short of pilots......»»

Shares of Southwest Airlines Co. fell 1.7% in afternoon trading, and was the best performer among the six airline com.....»»

The global airline industry will generate $314 billion less revenue this year than in 2019 because the coronavirus pandemic has decimate.....»»

With oilfield drilling services selling for cheap and prices predicted to recover late in the year, one oil and gas leader says now might be the time to bet on the industry......»»

Lufthansa will close its Germanwings low-cost airline as part of a broader overhaul including capacity cuts across the group, it said on Tuesday as it warned it could take years for the industry to recover from the coronavirus crisis......»»

The airline industry has been beaten down in recent months due to the Covid-19 pandemicCheck out Warren Buffett Stock Picks .....»»

A full airline industry recovery from the coronavirus looks prolonged at best, analysts said, as new data showed international seat capacity had fallen to 23% of last year's levels and around half the world's airplane fleet is in storage......»»

European lawmakers overwhelmingly agreed on Thursday to suspend until Oct. 24 a rule requiring airlines to use at least 80% of their flight slots to keep them the following year so as to ease an industry crisis unleashed by the coronavirus pandemic......»»