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Tag: Air Travel

Boeing to Cut Output, Thousands of Jobs on Vanishing Demand

Automotive
Boeing Co. unveiled deep cuts to jobs and production as the manufacturer rushes to adapt to a shrinking market for jetliners after the...

Exclusive: Boeing eyes major bond issue to raise funds

Reuters
(Reuters) - Boeing Co is working with investment banks on a multibillion-dollar bond-fueled financing package, aiming to shore up its balance sheet amid...

Planes Are Still Flying, but Covid-19 Recovery Will Be Tough

Automotive
Over the past three months, Covid-19 has reduced air travel in the United States to the point where the fact of a nearly...

U.S. airlines receive extra $9.5 billion in payroll support: U.S. Treasury

Reuters
WASHINGTON (Reuters) - The U.S. Treasury Department said on Saturday it has released $9.5 billion in additional funds from the Payroll Support Program...

China’s Air Travel Rebound Stalls on Lack of Leisure Demand

Automotive
A recovery in demand for flights within China is stuck at about 45% of pre-coronavirus levels as people continue to shun leisure trips...

Many of the world’s airlines could be bankrupt by May because of the COVID-19 crisis, according to an aviation consultancy. These airlines have already...

Business Insider
The aviation consultant CAPA warned that "most" of the world's airlines could be bankrupt by the end of May, due to the ongoing...

The Global Airline Shutdown Has a Surprise Victim: Gold Miners

Automotive
The collapse in commercial air travel amid global coronavirus restrictions has an unexpected casualty — gold miners looking to transport their metal to...

Fares show declines as airlines brace for tough recovery: Skytra

Reuters
PARIS (Reuters) - Air fares have fallen as much as 30% since the start of the year in North America and Europe, according...

Crunch Time Coming for World’s Supply Chains

Automotive
COVID-19 is about to put the global trading system through its most dramatic stress test since World War II, with supply lines for...

Boeing is facing a two-front assault from the coronavirus pandemic and the 737 Max scandal. A new report shows just how bad things could...

Business Insider
Boeing is likely to cut its aircraft output by at least one-third through the rest of 2020 as the embattled company continues to...

Gig Work Relief, Auto Care, and More Car News This Week

Automotive
WIRED is usually about solutions, which has been hard in the past few weeks as Covid-19 continued its deadly trek across the world....

US Air Travelers Dip Below 100,000 in Worst-Ever Free Fall

Automotive
Almost every day over the past three weeks the number of people flying in the U.S. has reached a record low as the...
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