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Britain-based airlines seek industry tax breaks in coronavirus battle

A representative body for airlines based in Britain has written to its transport minister seeking industry-specific tax and air traffic fee holidays to help survive a coronavirus pandemic that has brought air travel to a standstill......»»

Category: topSource: reutersMar 26th, 2020

"Never seen a crisis of this magnitude": Ethiopian Airlines CEO

Ethiopian Airlines will focus on hauling cargo, chief executive Tewolde Gebremariam tells Reuters, as it seeks to battle the devastating impact of coronavirus on the global aviation industry......»»

Category: videoSource: reutersMar 26th, 2020

Britain to outline support package for airline industry soon: Sunak

British finance minister Rishi Sunak said he expects to make an announcement soon on discussions over a support package for the airlines industry, which has been devastated by travel restrictions, to limit the spread of coronavirus......»»

Category: topSource: reutersMar 24th, 2020

Coronavirus impact on airlines worse than 9/11, airline association says

Airlines for America, the airline trade association, said the traffic numbers for the industry grow grimmer by the day as the federal government continues to advise against nonessential air travel due to the coronavirus. U.S.-based carriers have seen .....»»

Category: topSource: bizjournalsMar 20th, 2020

Oregon could lose more than 13,300 hotel jobs by early April, estimates say

Oregon stands to lose more than 13,300 hotel jobs to the coronavirus pandemic by early April, according to new estimates from Britain-based Oxford Economics. Upwards of 46,600 jobs tied to the hotel industry — including direct hotel operations, gu.....»»

Category: topSource: bizjournalsMar 18th, 2020

Big UK airlines ground most of their fleets to survive coronavirus

Britain's big airlines said on Monday they would have to ground most of their fleets to survive the coronavirus crisis, with easyJet and Virgin - though not British Airways - appealing for government bailouts to save the industry from collapse......»»

Category: topSource: reutersMar 16th, 2020

Global airlines face bankruptcy by May if governments don’t intervene, warns aviation consultant

Airlines fly into one of the bloodiest weeks for the industry, as they battle to survive travel restrictions and country lockdowns in the face of the coronavirus crisis......»»

Category: topSource: marketwatchMar 16th, 2020

Airlines seek emergency aid as coronavirus brings industry to near-halt

Airlines made unprecedented cuts to flights, costs and staffing on Monday, and stepped up calls for emergency government aid, as coronavirus lockdowns and new travel restrictions hit more major routes......»»

Category: topSource: reutersMar 16th, 2020

BA-owner, easyJet make drastic cuts to try to survive coronavirus

The owner of British Airways and easyJet, Europe's no.3 and no.4 airlines, said they would ground aircraft on an unprecedented scale in a battle to survive the travel restrictions and European lockdowns now convulsing the industry......»»

Category: topSource: moneycentralMar 16th, 2020

IATA urges governments to support airlines in wake of U.S. travel ban

The airlines industry body called on governments on Thursday to support transatlantic carriers hit by cash-flow problems due to the coronavirus crisis by offering measures such as credit lines and tax breaks......»»

Category: topSource: reutersMar 12th, 2020

Millions of aviation jobs at risk, airlines can"t afford refunds: IATA

Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus travel downturn and the industry's representative body said airline finances were so fragile they could not afford to refund customers......»»

Category: topSource: reuters20 hr. 24 min. ago

Airlines cannot afford to refund cancelled tickets: IATA

Global airlines cannot afford to refund cancelled flights because of the coronavirus crisis, said the head of the industry's representative body IATA, and carriers are issuing vouchers instead as they conserve cash to survive......»»

Category: topSource: reuters21 hr. 54 min. ago

Millions of aviation jobs at risk, airlines beg for govt support: IATA

Global airlines said 25 million jobs across the world could be at risk from the coronavirus travel downturn, as the industry's representative body launched a plea for urgent government support amid warnings that carriers are running out of cash......»»

Category: topSource: reuters21 hr. 54 min. ago

Taiwan IC design houses see sales pick up in March and April

Despite the persistent coronavirus pandemic, most Taiwan-based IC design houses are expected to see their revenues pick up in March and April, according to industry sources......»»

Category: topSource: digitimesApr 7th, 2020

Coronavirus redraws battle lines on airline emissions

European airlines crippled by the coronavirus have demanded lasting relief from environmental taxes - in a move that pits their immediate survival against longer-term emissions goals. Megan Revell reports......»»

Category: videoSource: reutersApr 6th, 2020

American Airlines cuts more flights amid coronavirus pandemic, Reuters says

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

Three Wall St. firms to run coronavirus relief for airlines

Three Wall St. firms will work with three law firms for coronavirus airline industry relief......»»

Category: topSource: foxnewsApr 2nd, 2020

Boeing offers employees buyouts as U.S. economy shudders

The Chicago-based aerospace giant has been hit especially hard by the coronavirus and its related economic shocks as the airline industry effectively shuts down for the foreseeable future......»»

Category: worldSource: nytApr 2nd, 2020

Southwest Airlines to seek aid from U.S. Treasury as demand craters

Southwest Airlines Co said on Thursday it intends to file an application with the U.S. Treasury department for aid to help it ride out the sharp drop in travel demand caused by the massive lockdowns because of the coronavirus pandemic......»»

Category: topSource: reutersApr 2nd, 2020

Medical waste industry braces for flood of virus-contaminated trash

Preparing for an onslaught of trash contaminated by the coronavirus, medical waste haulers seek special exemptions. Preparing for an onslaught of trash contaminated by the coronavirus, medical waste haulers seek special exemptions......»»

Category: topSource: latimesApr 2nd, 2020

UBS airlines and services analysts to hold an analyst/industry conference call

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: theflyonthewallMar 31st, 2020