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Tag: Airline industry

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...

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

Historic Drop in WTI Crude Oil Futures Hardly Rattles Bitcoin Price

As reported earlier by Cointelegraph, the May 2020 Futures contract for West Texas Intermediate (WTI) Crude dropped more than 100% on Monday. At...

Historic Negative Price in WTI Oil Futures Hardly Rattles Bitcoin Price

As reported earlier by Cointelegraph, the May 2020 Futures contract for West Texas Intermediate (WTI) Crude dropped more than 100% on Monday. At...

U.S. coronavirus crisis takes a sharp political turn

NEW YORK (Reuters) - The U.S. coronavirus crisis took a sharp political turn on Friday as President Donald Trump lashed out at four...

New York governor attacks Trump for ‘passing buck’ on pandemic response

NEW YORK (Reuters) - New York Governor Andrew Cuomo on Friday launched a blistering attack on President Donald Trump’s response to the coronavirus...

The Global Airline Shutdown Has a Surprise Victim: Gold Miners

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

Japan airlines keep most domestic flights despite few takers for seats

TOKYO (Reuters) - Japan’s top airlines are operating a majority of their domestic capacity even though the coronavirus outbreak has left seats on...

Mnuchin Rebuffs Airlines, Holds Firm on Repayment for Rescue

Treasury Secretary Steven Mnuchin is not budging on strict repayment guidelines for airlines that want taxpayer aid, according to people familiar with the...

Exclusive: Treasury wants warrants, repayment from major U.S. airlines on 30% of grant money – sources

WASHINGTON/CHICAGO (Reuters) - U.S. Treasury Secretary Steven Mnuchin told major airlines on Friday he wants them to repay some of the $25 billion...

Airlines Squeezed by Delays in $29 Billion US Rescue Funds

U.S. airlines’ desperate bid for $29 billion in government rescue cash is being frustrated by a lengthening process and demands that companies provide...

Warren Buffett’s Berkshire Hathaway sold nearly $390 million worth of Delta and Southwest shares this week

Kevin Lamarque/Reuters Warren Buffett's Berkshire Hathaway sold nearly $390 million worth of shares in Delta Air Lines and Southwest Airlines this week, new SEC...

The Hardest Hit Companies of the COVID-19 Downturn: The ‘BEACH’ Stocks

The market’s latest storm has plunged the global travel industry into uncharted territory. Since the S&P 500 market high on February 19, 2020, market...

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