Sara Nelson, President of the Association of Flight Attendants says she is optimistic Congress will extend additional aid to the airlines before mass layoffs October 1.
Time is running out for Congress to pass a new economic stimulus plan that will help airlines avoid massive layoffs as the coronavirus pandemic continues to cripple the industry.
The IATA predicts airlines will lose $84 billion this year and international travel won't return to pre pandemic levels until 2024.
Airlines stocks continue to recover but the industry faces several more years before it returns to pre-pandemic levels.
Southwest Airlines reports Q2 earnings and CEO Gary Kelly says the airline intends no layoffs or pay cuts until at least the end of the year.
Delta Air Lines on Tuesday reported an adjusted pre-tax loss of $3.9 billion in the second quarter, as the COVID-19 pandemic that’s hammered the airline industry ravaged the company’s revenue.
United Airlines Holdings (UAL) warned on Wednesday that it may lay off as many as 36,000 workers, or 45% of its workforce.
United Airlines plans to triple the number of daily flights in August despite a surge of coronavirus infections in the United States.
President Trump's 2017 tax reform lowered the corporate tax rate to 21%, but Gary Cohn, a key architect of that legislation, says he is okay if the corporate tax rate rises to 28%.
J&J Chief Scientific Officer Dr. Paul Stoffels says the vaccine being produced needs a minimum 70% efficacy to be considered successful.
The summer travel season is a big revenue generator for U.S. airlines but the coronavirus threatens the carriers and risk assessment firm RapidRatings warns American Airlines is the most at risk of going bankrupt.
Oregon Senator Ron Wyden calls unemployment "a hellaciously powerful one-two economic punch because it is gigantic in size and it happened virtually over night. It makes it clear that this crisis is ongoing and Congress has to step up and take action.”
Southwest Airlines reports first quarter earnings as it prepares to cut back on more of its flights due to the coronavirus crisis.
UPS will begin drone delivery from CVS pharmacies to more than 130,000 residents in the country's largest retirement community to protect them from COVID-19.
Delta Air Lines posted a $607 million loss in the first quarter as the COVID-19 crisis forced the airline to cut up to 85% of its scheduled flights.
JetBlue Chairman Joel Peterson says the airlines will all have to find new ways to restore passenger trust after the COVID -19 crisis passes.
Senator Ted Cruz (R) Texas says parts of the country could soon reopen and put people back to work.
Johnson & Johnson announced plans to begin 'at risk' production of its COVID-19 vaccine as it scales up for eventual testing and manufacture of the vaccine.
Former National Economic Council Director Gary Cohn has a plan to put Americans back to work after the coronavirus outbreak is brought under control.
UPS is coordinating the delivery of desperately needed medical supplies to the hospitals in the United States.
U.S. airlines prepare to navigate a turbulent future even with billions in aid from U.S. taxpayers.
Johnson & Johnson Chief Scientific Officer Dr. Paul Stoffels predicts the most vulnerable will begin to receive vaccines within 12 months to prevent COVID-19.
CEOs from America’s largest publicly traded airlines sent an urgent letter Saturday to Congressional leaders promising to stop stock buybacks and paying dividends in exchange for a multi-billion dollar coronavirus bailout.