Delta Posts Record Loss, Cuts Cash Burn
“Our December quarter results capped the toughest year in Delta’s history,” Delta CEO Ed Bastian said.
Norwegian Air Files for Bankruptcy in Ireland
The filing follows the decision of Norway’s government last week not to provide the low-cost airline with further financial aid.
Trump Signals Support for More Airline Aid
"We’ll be helping the airlines, you have to help the airlines,” the president says as carriers warn of layoffs.
Senators Push for Clarity on Payroll Support After Airlines Threaten Cuts
The lawmakers say that airlines that are involuntarily cutting workers’ hours may be violating the terms of federal coronavirus aid.
Boeing Raises $25B In Debt Offering, Says No Longer Needs Federal Aid
Said Boeing: "The robust demand for the offering reflects strong support for the long-term strength of Boeing and the aviation industry."
Airlines Accept Terms for Virus Relief Grants
In exchange for accepting the funds, carriers have agreed to prohibitions on stock buybacks and layoffs, and limits on executive pay.
Estimated Global Airline Losses Rise to $314B
The IATA said its revised estimate reflected a ‘significant deepening’ of the coronavirus crisis.
Airlines Meet Deadline for Payroll Grant Program
The $25 billion program is aimed at helping U.S. carriers weather the drastic drop in demand caused by the coronavirus crisis.
Senate Floats Airline Stimulus Amid Criticism
Nikki Haley resigned from the Boeing board of directors and Chuck Schumer suggested banning share buybacks.
Airlines Seek Sweeping Bailout
If it happens, the request for loans, grants, and tax relief may come with strings attached.