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Airline Weekly
American better hope that the travel recovery stays robust or it could face challenges paying down more of its big debt load.
12 months ago
News Blog
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 dividends for most of 50-plus year existence but it is: Southwest will be the first U.S. airline to resume shareholder returns since the pandemic. Shareholder…
Edward Russell | 1 year ago
Airlines
Airlines are being careful not to violate the provisions of the Cares Act, when outsourcing. But once it expires everything is fair game and the ones left paying the price will employees losing jobs.
Tracy Rucinski and Sanjana Shivdas, Reuters | 2 years ago
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.
Edward Russell | 2 years ago
3 years ago
Coronavirus
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.
Cameron Sperance, Skift | 3 years ago
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.
Edward Russell, Skift | 3 years ago
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.
