Airline Industry News

A collection of Airline latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

bbc.co.uk - Coronavirus: Budget airline AirAsia's future in 'significant doubt'
Coronavirus: Budget airline AirAsia's future in 'significant doubt'
BBC

The future of Asia's biggest budget airline AirAsia is in “significant doubt”, auditor Ernst & Young has said. Shares in the Malaysian-based carrier were temporarily suspended on Wednesday after the statement was released. The…

zacks.com - Daniel Laboe - Airline Stocks Take Another Tumble
Airline Stocks Take Another Tumble
Zacks Investment Research

As COVID cases surge across the US, vacationers have started to rethink their travel plans. In the past month, the virus has spread rapidly across the country growing from 2 million to over 3.1 million cases. Major US airlines, including American…

alternet.org - Justin Elliott - The airline bailout loophole: Three companies received $338 million in relief money for workers - and laid workers off anyway
The airline bailout loophole: Three companies received $338 million in relief money for workers - and laid workers off anyway
Alternet.org

Three airline industry companies slated to receive $338 million in public money designed to preserve jobs in the hard-hit industry have laid off thousands of workers anyway, according to Treasury disclosure filings and public layoff data. The…

nytimes.com - Kevin Granville - Global Stocks Mixed as Virus Cases Surge: Live Market Updates
Global Stocks Mixed as Virus Cases Surge: Live Market Updates
The New York Times

U.S. stock futures were mixed and European stocks dipped on Wednesday, as investors considered the latest fiscal efforts to support economies and new friction between the United States and China. Futures wavered, predicting a choppy start to…

nationalmemo.com - Justin Elliott - Loophole Allowed Airline Firms To Fire Workers And Scam Bailout Funds
Loophole Allowed Airline Firms To Fire Workers And Scam Bailout Funds
National Memo

Photo by Can Pac Swire licensed under CC BY-NC 2.0 Reprinted with permission from ProPublica. Three airline industry companies slated to receive $338 million in public money designed to preserve jobs in the hard-hit industry have laid off thousands…

straitstimes.com - AirAsia shares slump after auditor says airline faces 'significant doubt
AirAsia shares slump after auditor says airline faces 'significant doubt
The Straits Times

KUALA LUMPUR • AirAsia Group shares sank yesterday after its auditor Ernst & Young said the carrier's ability to continue as a going concern may be in 'significant doubt'. The budget airline lost 15 sen or 17.5 per cent to close at 70 sen.

financialexpress.com - Bloomberg - Deadly crash and fake pilots expose Pakistan's broken airline
Deadly crash and fake pilots expose Pakistan's broken airline
The Financial Express

For decades Pakistan International Airlines Corp. stood for a resurgent post-colonial nation, flying the flag from New York to Tokyo. Now the airline is struggling to recover from a fatal crash, years of losses, a collapse in global air travel and…

headforpoints.com - Rob - Another IAG airline bites the dust - LEVEL France closing (El Pais)
Another IAG airline bites the dust - LEVEL France closing (El Pais)
Head for Points

Links on Head for Points may pay us an affiliate commission. A list of partners is here. According to El Pais in Spain, IAG – the parent company of British Airways – has decided to close down LEVEL France, its long-haul low cost…

click2houston.com - Chris Isidore, CNN Business - Airline bookings start to tumble again as coronavirus cases spike
Airline bookings start to tumble again as coronavirus cases spike
KPRC

(CNN) – Airline travel is bouncing back -- but so are American coronavirus cases. That spike could put the aviation rebound in reverse. United Airlines presented sobering facts to employees Monday that bookings are tumbling as Covid cases…

thedenverchannel.com - Associated Press - United Airlines sends layoff notices to 45% of US employees
United Airlines sends layoff notices to 45% of US employees
KMGH

United Airlines is sending layoff warnings to 36,000 employees, nearly half its U.S. staff. It's the clearest signal yet of how deeply the COVID-19 pandemic is hurting the airline industry. United officials said Wednesday that they still hope to…

travelpulse.com - This Airline is Requiring a Full Face Shield to Fly
This Airline is Requiring a Full Face Shield to Fly
TravelPulse

As part of Qatar Airways' updated health and safety measures, the airline will now require passengers to wear a face shield in addition to a mask throughout their flight. The carrier will provide the complimentary face shields to all passengers in…

barrons.com - Daren Fonda - United Airlines Stock Falls as the Carrier Warns of Mass Layoffs. It's an Industry Headwind.
United Airlines Stock Falls as the Carrier Warns of Mass Layoffs. It's an Industry Headwind.
Barron's

A wave of layoffs seems to be coming in the airline industry, with United Airlines warning employees that it may have to furlough nearly half of its U.S. workforce this fall. United (ticker: UAL) told 36,000 employees on Wednesday that mass…

ocregister.com - Associated Press - United sending layoff notices to nearly half of U.S. employees
United sending layoff notices to nearly half of U.S. employees
Orange County Register

FILE – In this March 25, 2020 file photo, United Airlines planes are parked at George Bush Intercontinental Airport in Houston. United Airlines will send layoff warnings to 36,000 employees – nearly half its U.S. staff – in the…

marketwatch.com - Associated Press - United Airlines warns 36,000 workers they could be furloughed this fall
United Airlines warns 36,000 workers they could be furloughed this fall
MarketWatch

United Airlines is warning 36,000 employees — nearly half its U.S. staff — they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry. The outlook for a recovery in…

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