A bird flies in the foreground when a Southwest Airlines plane lands at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | fake pictures American Airlines and Southwest Airlines posted quarterly losses Thursday and their CEOs warned of falling demand as coronavirus cases rise in …
Read More »American Airlines (AAL) Records $ 2.1 Billion Loss in Second Quarter, Warns of Coronavirus
The planes are parked on runway 28 of the Pittsburgh International Airport on March 27, 2020 in Pittsburgh, Pennsylvania. Jeff Swensen | Getty Imageas American Airlines on Thursday posted a net loss of $ 2.1 billion in the second quarter, the latest airline to describe financial damage to demand for …
Read More »Coronavirus pushes United Airlines (UAL) to a loss of $ 1.6 billion in the second quarter
A United Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | fake pictures United Airlines posted a net loss of $ 1.63 billion for the second quarter, driven by a drop in demand for air travel due to the coronavirus pandemic, the airline said Tuesday. Revenue fell more than 87% …
Read More »Airline stocks decrease as travel demand decreases for the first time in 13 weeks
Airline stocks suffered big losses on Monday, after data from the US Transportation Security Administration showed that travel demand declined last week to break a streak of 12-week increases from the bottom. of COVID-19 in mid-April. The drop in demand comes as the number of new cases of COVID-19 in …
Read More »Nearly 17,000 Southwest employees sign up for purchases, voluntary leave as the threat of leave looms
A Southwest Airlines plane departs Midway Airport on January 25, 2018 in Chicago, Illinois. Scott Olson | fake pictures More airline employees are signing up for purchases, licenses and early retirements as the threat of permits looms this summer. About 17,000 employees or about 28% of Southwest Airlines’ workforce have …
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