airlines

JetBlue Veteran Hurley Named Permanent CFO
People

JetBlue Veteran Hurley Named Permanent CFO

"We’re committed to rebuilding margins, maintaining our focus on costs, and repairing our balance sheet to help us continue to thrive.”
By Matthew Heller | September 8, 2021
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Delta Posts Record Loss, Cuts Cash Burn
Financial Performance

Delta Posts Record Loss, Cuts Cash Burn

“Our December quarter results capped the toughest year in Delta’s history,” Delta CEO Ed Bastian said.
By Matthew Heller | January 14, 2021
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Airlines Expect Turbulent 2021
Strategy

Airlines Expect Turbulent 2021

Last year's falloff erased two decades of passenger growth.
By Vincent Ryan | January 5, 2021
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Norwegian Air Files for Bankruptcy in Ireland
Credit & Capital

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.
By Matthew Heller | November 19, 2020
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Trump Signals Support for More Airline Aid
Risk & Compliance

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.
By Matthew Heller | September 2, 2020
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Senators Push for Clarity on Payroll Support After Airlines Threaten Cuts
Risk & Compliance

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.
By Lauren Muskett | May 8, 2020
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Boeing Raises $25B In Debt Offering, Says No Longer Needs Federal Aid
The Economy

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."
By Vincent Ryan | May 1, 2020
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Airlines Accept Terms for Virus Relief Grants
Risk & Compliance

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.
By Matthew Heller | April 15, 2020
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Estimated Global Airline Losses Rise to $314B
Strategy

Estimated Global Airline Losses Rise to $314B

The IATA said its revised estimate reflected a ‘significant deepening’ of the coronavirus crisis.
By Lauren Muskett | April 14, 2020
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Airlines Meet Deadline for Payroll Grant Program
Risk & Compliance

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.
By Matthew Heller | April 3, 2020
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Senate Floats Airline Stimulus Amid Criticism
The Economy

Senate Floats Airline Stimulus Amid Criticism

Nikki Haley resigned from the Boeing board of directors and Chuck Schumer suggested banning share buybacks.
By Lauren Muskett | March 20, 2020
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Airlines Seek Sweeping Bailout
The Economy

Airlines Seek Sweeping Bailout

If it happens, the request for loans, grants, and tax relief may come with strings attached.
By Vincent Ryan | March 17, 2020
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U.S. Airlines in Strong Position to Withstand Virus
Financial Performance

U.S. Airlines in Strong Position to Withstand Virus

Fitch Ratings says industry consolidation and profitability should shield carriers from a temporary falloff in demand.
By Matthew Heller | March 13, 2020
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U.K. Airline Flybe Closes Two Months After Rescue Deal
Strategy

U.K. Airline Flybe Closes Two Months After Rescue Deal

The coronavirus tipped the long-struggling airline over the edge.
By Lauren Muskett | March 5, 2020
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Airlines Brace for Profit Hit From Coronavirus
The Economy

Airlines Brace for Profit Hit From Coronavirus

The U.S. airline industry's long run of profitabiilty could be at risk if the virus causes a "broad slowdown" in travel.
By Matthew Heller | February 27, 2020
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