United Airlines sees first-quarter revenue falling 66%

© Reuters. FILE PHOTO: United Airlines first new livery Boeing 737-800 sits at a gate O’Hare International Airport in Chicago (Reuters) -United Airlines said it expects first-quarter revenue to drop by 66%, which is near the lower end of its prior forecast, buoyed by improving demand for domestic travel. The company said it now expects […]

Continue Reading

U.S. airlines remain in ‘dire straits,’ needs new government assistance: industry group

2/2 © Reuters. FILE PHOTO: Plane approaching Leeds Bradford airport passes in front of the sun during the second test cricket match between England and New Zealand in Leeds 2/2 By David Shepardson and Tracy Rucinski WASHINGTON (Reuters) – The head of a group representing major U.S. passenger airlines and a senior union official will […]

Continue Reading

United Airlines pledges more cost cuts after pandemic-driven quarterly loss

© Reuters. FILE PHOTO: A United Airlines passenger jet taxis at Newark Liberty International Airport By Tracy Rucinski (Reuters) – United Airlines Holdings (NASDAQ:) Inc said on Wednesday it aims to cut about $ 2 billion of annual costs through 2023 as it charts a recovery from the coronavirus pandemic that drove its fourth straight […]

Continue Reading

United Airlines unveils rights issue plan to protect tax assets

© Reuters. United Airlines passenger jets taxi with New York City as a backdrop (Reuters) – United Airlines Holdings (NASDAQ:) Inc said on Friday it was seeking shareholder approval for a rights offering as part of a plan to thwart any hostile takeover moves and preserve a $ 8.2 billion tax benefit. Chicago-based United said […]

Continue Reading

American Airlines holds first civilian passenger flight of 737 MAX in nearly two years

© Reuters. FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked at Boeing facilities at Grant County International Airport in Moses Lake By Tracy Rucinski DALLAS (Reuters) – Boeing (NYSE:) Co’s 737 MAX on Wednesday will make its first public demonstration flight with members of the media since being grounded over fatal crashes, as […]

Continue Reading

U.S. Senators say pandemic relief plan would give airlines $17 billion over four months

2/2 © Reuters. FILE PHOTO: Social distancing sign is displayed at a check-in area for Southwest Airlines Co. at Los Angeles International Airport (LAX) on an unusually empty Memorial Day weekend during the outbreak of the coronavirus disease (COVID-19) in Los Angeles 2/2 By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO (Reuters) – U.S. airlines would […]

Continue Reading

Airlines set to lose $157 billion amid worsening slump: IATA

© Reuters. FILE PHOTO: An airplane from Turkish Airlines prepares to land at Cointrin airport in Geneva PARIS (Reuters) – Airlines are on course to lose a total $ 157 billion this year and next, their main global body warned on Tuesday, further downgrading its industry outlook in response to a second wave of coronavirus […]

Continue Reading

Malaysia Airlines seeks aid from wealth fund Khazanah, creditor talks continue

© Reuters. FILE PHOTO: An airport employee beside a Malaysia Airlines plane at Kuala Lumpur International Airport KUALA LUMPUR (Reuters) – Malaysia Airlines’ parent company has sought financial aid from its sole shareholder, the nation’s sovereign wealth fund, as debt restructuring talks with creditors drag on, the company said on Saturday. “Malaysia Aviation Group has […]

Continue Reading

Southwest Airlines issues first furlough notices as talks with unions stall

© Reuters. FILE PHOTO: Southwest Airlines planes are seen at LAX airport in Los Angeles By Tracy Rucinski (Reuters) – Southwest Airlines (N:) said on Friday it has sent notices of potential furloughs to 42 parts inventory workers after talks with one union group stalled over pay cuts the airline argues it needs from all […]

Continue Reading

American Airlines plans to return Boeing 737 Max to service at year-end

2/2 © Reuters. FILE PHOTO: American Airlines 737 max passenger planes are parked on the tarmac at Tulsa International Airport in Tulsa 2/2 WASHINGTON (Reuters) – American Airlines Group (O:) plans to return Boeing (N:) 737 Max jets to service for passenger flights by the end of this year depending on certification of the aircraft […]

Continue Reading