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.
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.
U.K. Airline Flybe Closes Two Months After Rescue Deal
The coronavirus tipped the long-struggling airline over the edge.
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.
Delta Shares Fall After Lower Guidance
Other airlines also saw their shares decline amid fears of a global slowdown.