United Airlines and American Airlines will move forward with furloughing thousands of employees as the CARES Act Payroll Support Program expires.
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Air carriers have a stark choice: Get back to flying, or hunker down. CEO Doug Parker has chosen the first, adding flights back quickly despite a gathering coronavirus storm that will determine whether his bet is judicious or reckless.
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus. RETAIL:— Bed Bath & Beyond plans to close about 200 stores over the next two years as its sales slid in the first quarter. The chain reported its quarterly sales dropped 49% due to temporary store closures amid the pandemic. Online sales soared 82%.
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Air travel has changed a lot in the past couple of months. Here is a look at what to expect—and what is expected of you—at the airport and during the flight.
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Federal stimulus money for airlines is keeping them afloat through the coronavirus pandemic, but it’s not proving to be enough to sustain the industry at its pre-pandemic size.
The carrier is among those seeing demand pick up after being decimated by the coronavirus pandemic, but the modest gains won’t be enough to save thousands of industry jobs.
American Airlines Group Inc on Saturday said it will implement a phased suspension of nearly all long-haul international flights starting March 16, amid reduced demand and travel restrictions due to the ongoing coronavirus outbreak.
Airline stocks have been cheap throughout the entire bull market. Global travel restrictions due to the coronavirus have made them cheaper. Here’s what to watch for before buying.
“As the virus has spread, we have seen a decline in demand across all entities, and we are taking decisive action to also protect Delta’s financial position," CEO Ed Bastian said in a news release.