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"Apocalypse now": Airlines turn to cargo for revenue as U.S. Senate approves aid package

Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate unanimously passed a bill to give its carriers $58 billion in aid, including payroll support......»»

Category: topSource: reutersMar 26th, 2020

Airlines turn to cargo for revenue as U.S. Senate nears industry aid vote

Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate neared a vote on a bill to give its carriers $58 billion in aid, including payroll support......»»

Category: topSource: reutersMar 25th, 2020

Capitol Report: Senate approves $2 trillion coronavirus-aid bill, sending measure to House for vote

The Senate late Wednesday approved a sweeping package designed to cushion the impact of the coronavirus outbreak on Americans, sending the measure to the House of Representatives for a planned vote on Friday......»»

Category: topSource: marketwatchMar 26th, 2020

Airlines would get the $60 billion bailout they asked for in the new Senate coronavirus stimulus bill, which would prohibit layoffs and ban stock buybacks and dividends (AAL, DAL, UAL, LUV, JBLU)

David McNew/Getty A bipartisan coronavirus aid package in the Senate offers $58 bi.....»»

Category: topSource: businessinsiderMar 25th, 2020

The Ratings Game: Airlines get a ratings bump as investors eye stimulus package

Analysts upgraded a raft of airline stocks Wednesday on hopes the industry is closer to getting a piece of the $2 trillion stimulus package the U.S. Senate is expected to approve......»»

Category: topSource: marketwatchMar 25th, 2020

U.S. Senate bill grants aviation sector big bailout: Republican senator

A compromise $2 trillion economic rescue package set to be voted on by the U.S. Senate on Wednesday will include $25 billion for airlines in cash grants, a badly needed lifeline for an industry facing the worst travel downturn in history......»»

Category: topSource: reutersMar 25th, 2020

Senate GOP virus bill aids U.S. transport sector; offers airlines loans, not cash

A Senate Republican coronavirus stimulus package would provide financial aid to U.S. airports, transit systems and passenger railroad Amtrak, but $50 billion for struggling U.S. airlines would be a loan, not a cash payout, the proposal showed......»»

Category: topSource: reutersMar 23rd, 2020

American Airlines Sees Steep Drop In Cargo Revenue, Volume

Suffering the same cargo malaise as its competitors, American Airlines (NASDAQ: AAL), whic.....»»

Category: earningsSource: benzingaJan 23rd, 2020

American Airlines Sees Steep Drop In Cargo Revenue, Volume

Suffering the same cargo malaise as its c.....»»

Category: blogSource: benzingaJan 23rd, 2020

United Airlines Posts Strong Profits Despite MAX Headwinds

United Airlines' (NASDAQ: UAL) fourth-quarter cargo revenue fell 5.4% from a year ago to $316 million, but overall revenue was up 3.8% to $10.9 billion and the carrier reported diluted earnings per share of $2.53, which was up nearly 50% .....»»

Category: earningsSource: benzingaJan 22nd, 2020

United Airlines Sees Friendly Skies Ahead

United Airlines (NASDAQ: UAL) reported cargo revenue dipped 4.7% to $282 million year-over-yea.....»»

Category: earningsSource: benzingaOct 16th, 2019

Delta Posts Strong Income Gains Despite Slump In Cargo Revenue

Delta Airlines' cargo revenue dropped 37% to $189 million in the third quarter and year-to-date is o.....»»

Category: earningsSource: benzingaOct 10th, 2019

Delta Posts Strong Income Gains Despite Slump In Cargo Revenue

Delta Airlines' cargo revenue dropped 37% to $189 million in the third quarter and year-to-date is off 13% to $567 million compared to the same period last year due to lower volumes and yield, the company reported Thursday. read more.....»»

Category: blogSource: benzingaOct 10th, 2019

Oregon Legislature passes $1 billion tax package for education

Oregon's Senate on Monday passed a gross receipts tax that will raise an estimated $1 billion in new revenue a year and dedicate the money to pre-K-12 public education. Senate Republicans remained opposed to the legislation, but did not have enough v.....»»

Category: topSource: bizjournalsMay 13th, 2019

American Airlines Analyst Cuts Estimates On Weaker Cargo Revenue, MAX Fleet Grounding

American Airlines Group Inc (NASDAQ: AAL) provided a first-quarter guidance update Tuesday that was neutral to slightly positive, according to Raymond.....»»

Category: blogSource: benzingaApr 10th, 2019

Virginia Senate approves HQ2 incentive bill

Virginia’s proposed Amazon.com Inc. (NASDAQ: AMZN) incentive package sailed through the state Senate on Monday, not unanimously, but still with relative ease. The Major Headquarters Workforce Grant Fund was adopted by a 35-5 vote. Of the five “no.....»»

Category: topSource: bizjournalsJan 22nd, 2019

Global stocks turn negative as virus death toll mounts

World stocks turned negative on Wednesday as the coronavirus death toll mounted and euro zone finance minister failed to agree a rescue package to help economies recover from the impact of the outbreak......»»

Category: topSource: reuters16 hr. 51 min. ago

Here are 10 companies Amazon could buy up to fortify its massive cloud business if a recession drives prices down, according to experts — including Oracle, Twilio, and Zoom (AMZN)

Associated Press The coronavirus pandemic has led to fears of a recession, in turn causing Silicon Valley VCs pull back on making big deals, even as tech startups begin to lay off employees as revenue dries up. Still, some in te.....»»

Category: topSource: businessinsiderApr 7th, 2020

United Airlines estimates 30% decline in Q4 revenue, CNBC reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 3rd, 2020

Why airlines are required to keep flying "ghost planes" under the terms of the coronavirus bailout package

Mike Blake/Reuters Airlines continue to fly across the US despite only having a few passengers .....»»

Category: topSource: businessinsiderApr 3rd, 2020

United Airlines president says revenue down $100M per day, CNBC reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 2nd, 2020