Advertisements



Airlines, unions pin hopes for more payroll cash on politics

The airline industry has been battered by the virus pandemic. In March, companies got $32 billion to help cover payroll costs for six months in exchange for not laying off workers......»»

Category: topSource: foxnewsAug 1st, 2020

Airlines, unions pin hopes for more payroll cash on politics

The airline industry has been battered by the virus pandemic. In March, companies got $32 billion to help cover payroll costs for six months in exchange for not laying off workers......»»

Category: topSource: foxnewsAug 1st, 2020

The list of U.S. Treasury questions for airlines seeking bailout cash

U.S. Treasury officials have asked airlines seeking money from a $25 billion fund for payroll support to provide detailed information on their capital structure, liquidity and collateral, people briefed on the matter said......»»

Category: topSource: reutersApr 13th, 2020

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

U.S. Treasury Secretary Steven Mnuchin told major airlines on Friday he wants them to repay some of the $25 billion in cash grants the U.S. Congress approved last month to cover payroll costs, three industry officials briefed on the matter told Reuters......»»

Category: topSource: reutersApr 10th, 2020

U.S. Treasury talks continue on $25 billion in aviation grants

Talks between U.S. airlines and the Treasury Department over how to award $25 billion in cash grants earmarked for payroll assistance due to the coronavirus outbreak were set to continue into the evening Tuesday, people briefed on the matter said......»»

Category: topSource: reutersApr 7th, 2020

Pelosi urges U.S. Treasury not to delay $25 billion in grants to airlines

U.S. House Speaker Nancy Pelosi urged the U.S. Treasury on Wednesday not to hold up $25 billion in cash grants approved by Congress last week to airlines for payroll costs......»»

Category: topSource: reutersApr 1st, 2020

Democrats urge U.S. Treasury not to delay $25 billion in grants to airlines

U.S. House Speaker Nancy Pelosi urged the U.S. Treasury on Wednesday not to hold up $25 billion in cash grants approved by Congress last week to airlines for payroll costs......»»

Category: topSource: reutersApr 1st, 2020

Major U.S. airlines, unions insist on cash grants from Congress over coronavirus

Chief executives of major U.S. airlines wer.....»»

Category: topSource: reutersMar 21st, 2020

Capitol Report: Trump backs plan for additional $25 billion to support airlines

President Donald Trump said Wednesday he would support additional aid for airlines to keep workers on payroll. The president was asked about a plan from more than a dozen Republican senators to provide another $25 billion in support for airlines......»»

Category: topSource: marketwatchAug 5th, 2020

16 Republican senators back more payroll aid for airlines, plus support for Boeing

A group of 16 Republican senators has endorsed giving more money to airlines to avoid layoffs right before the November election, givi.....»»

Category: topSource: chicagotribuneAug 5th, 2020

GOP Senators support payroll aid extension for U.S. airlines, 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: theflyonthewallAug 5th, 2020

Majority of U.S. House backs new bailout for U.S. passenger airlines

The payroll program is set to expire Sept. 30.....»»

Category: topSource: foxnewsJul 28th, 2020

Alaska Airlines President Ben Minicucci navigates carrier unprecedented turbulence

The Alaska Airlines president says the carrier is 'still burning cash' and doesn't expect travel to return to pre-Covid levels for another 12 to 18 months......»»

Category: topSource: bizjournalsJul 27th, 2020

Airlines are delaying new plane deliveries and seeking financing — and that"s bad news for Boeing as the 737 Max inches toward its return (BA)

As cash-strapped airlines struggle with the collapse of travel demand amid the coronavirus pande.....»»

Category: worldSource: nytJul 24th, 2020

Asiana Airlines is burning cash flying empty A380 superjumbo jets to keep its pilots certified

Asiana Airlines is flying empty Airbus A380s to keep its pilots certified in the superjumbo jet, according to a Bloomberg report.  The Airbus A380 is the w.....»»

Category: smallbizSource: nytJul 23rd, 2020

American Airlines says goal to be cash positive in FY21

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: theflyonthewallJul 23rd, 2020

United Airlines says cash burn during Q2 averaged $40M/day

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: theflyonthewallJul 21st, 2020

Alaska Airlines builds "liquidity runway" by doubling jet-backed borrowings to $1.2B

The SeaTac-based airline says its extra loans aren't repayable for years, giving it cash and time to help survive the pandemic......»»

Category: topSource: bizjournalsJul 2nd, 2020

Leaked memo reveals American Airlines needs to cut 8,000 flight attendant jobs as the airline issues its first coronavirus layoff notices (AAL)

American Airlines has 7,000-8,000 too many flight attendants on its payroll, according to an internal memo seen by Business Insider. As it seeks to realign its operations and network around c.....»»

Category: topSource: businessinsiderJul 1st, 2020

Amazon puts $2B toward fighting climate change as it reports its own growing carbon footprint

Amazon.com Inc. (Nasdaq: AMZN) hopes the world can innovate its way out of climate change, and it will throw some serious cash at the problem to that end, the company said June 23. The company will drop $2 billion into a "Climate Pledge Fund," w.....»»

Category: topSource: bizjournalsJun 25th, 2020

What you need to know about savings accounts, one of the safest places to store your cash

vgajic/Getty Images   Saving money is a key part of achieving financial stability and building wealth, and a savings account is one of the safest places to store cash you don't need right away. Savings accounts from banks and credit unions are i.....»»

Category: worldSource: nytJun 24th, 2020