United Airlines Warns Of Layoffs Despite Aid
The government will be providing aid to the airline industry, but United Airlines is already saying that this won’t be enough. United Airlines already says aid isn’t enough. Based on United’s perspective, this government relief package won’t actually help the airline recover, but rather will allow them to simply push off layoffs until October 2020
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Delta Airlines posts worst loss since 2008
Delta Air Lines posted its worst loss since 2008, and it warned that bookings are declining as Covid-19 cases rise, forcing the airline to trim its schedule again. The company had planned to add 1,000 flights a day to its August schedule as Delta reported a modest pickup in bookings. The airline said it lost $2.8 billion, excluding special items. Including those items, Delta's net loss came to $5.7 billion
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CNN
Emirates to cut 10-20% of the workforce
Tim Clark, The President of Dubai's flagship carrier Emirates airline says that the airline plans to cut 10-20% of its workforce and that it was burning up to $1 million cash an hour at the worst of the COVID-led global restrictions that saw a sudden and exhaustive freeze in air travel across almost all regions of the world. Clark made these comments in an interview with CNN's Richard Quest
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United Airlines cutting top executive jobs
United Airlines Holdings Inc said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic.Chicago-based United said it is increasing trans-Atlantic service from Washington, D.C. and San Francisco to cities across Europe in July thanks to a modest rise in demand, and re-starting service to different locations
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World’s second-oldest airline files for bankruptcy
Colombian airline Avianca, which was founded in 1919 is the world’s second-oldest airline. The Colombian airline filed for Chapter 11 bankruptcy in the US Southern District of New York on Sunday, blaming its collapse on the "unforeseeable impact of the Covid-19 pandemic," according to a company statement. Coronavirus pandemic has caused carriers to rip up their flight schedules, ground planes and put staff on unpaid leave
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