Articles tagged “cares act”

American better hope that the travel recovery stays robust or it could face challenges paying down more of its big debt load.

Southwest Airlines will pay a dividend to its shareholders of record as of January 10, 2023. This may not seem like a notable move for a carrier that has paid…

U.S. airlines avoided broad bankruptcies and cuts with the record $74 billion in government Covid-19 aid. But the relief was industry-specific and left out a lot of other sectors, including hotels and restaurants. That has meant a bumpy national economic recovery.

The $1.9 trillion American Rescue Plan is a massive life raft to many travel companies, but industry groups still want more targeted relief and stimulus to accelerate a full recovery that could be years away.

Ashford Trust's survival strategy shows the Paycheck Protection Program may not be enough of a life raft for struggling hotels during the coronavirus pandemic.

Airlines promised that more payroll assistance would allow them to avoid dramatic staffing reductions. That relief is now here to the tune of $15 billion but it looks like the furloughs, while temporarily rolled back, are still coming.

Airlines shed jobs at the fastest rate since 1990 this fall as they slashed costs to weather the coronavirus pandemic. With prospect of additional federal relief still mired in politics, very real questions remain about the industry's ability to ramp up flights once travelers — and the economy — return.

The hotel industry should have reason to celebrate no matter what kind of economic relief Congress passes — but passage won’t come easy if Senator McConnell is willing to ignore even the bipartisan bill announced this week.

The hotel industry needs to up the ante on lobbying and centralized messaging if it ever wants a bigger piece of the pie. It's that simple.