Articles tagged “cares act”

Southwest Says Buyout and Paid Leave Packages Boost Survival Chances

Southwest Says Buyout and Paid Leave Packages Boost Survival Chances

Tracy Rucinski and David Shepardson, Reuters

Fortunately for CEO Gary Kelly, the packages are being well-received by pilots and the flexibility to return when things pick up is also hitting the right notes.

4 days ago

Major U.S. Airlines Push Voluntary Leave and Early Retirement Message

Major U.S. Airlines Push Voluntary Leave and Early Retirement Message

Tracy Rucinski and David Shepardson, Reuters

These measures reinforce the earlier messages that smaller airlines will be the future, but execs must find a balance to make sure they'll have sufficient employees to be able to operate in the future.

1 week ago

The Delicate Balance for Hotel Owners in This Crisis Between Defaulting and Protecting a Portfolio

The Delicate Balance for Hotel Owners in This Crisis Between Defaulting and Protecting a Portfolio

Cameron Sperance, Skift

Braemar Hotels & Resorts may have a $3 billion lighter mortgage debt load than Ashford Hospitality Trust, but it still needs to find a way to buy time and protect assets, many of which are still temporarily closed.

2 weeks ago

Luxury Hotel Group Caves to Pressure, Returns $59 Million in Relief Funds

Luxury Hotel Group Caves to Pressure, Returns $59 Million in Relief Funds

Cameron Sperance, Skift

Bigger companies are returning PPP funds, but that doesn't mean small hotel operators are having an easier time getting relief from the downturn in travel.

1 month ago

Luxury Hotel CEO Steps Down Amid Coronavirus Relief Loan Pushback But Controversy Lingers

Luxury Hotel CEO Steps Down Amid Coronavirus Relief Loan Pushback But Controversy Lingers

Cameron Sperance, Skift

Douglas Kessler's resignation only addresses one part of a luxury hotel portfolio tied to Monty Bennett receiving tens of millions of dollars in small business relief.

1 month ago

U.S. Relief Package Needs to Do More to Address Small Business Costs: Travel Industry Groups

U.S. Relief Package Needs to Do More to Address Small Business Costs: Travel Industry Groups

Cameron Sperance, Skift

If Congress doesn't address small business debt service obligations, employees run the risk of losing jobs and the company behind them.

1 month ago

Delta, JetBlue and Spirit Want To Cut More Flights Despite Bailout Requirements

Delta, JetBlue and Spirit Want To Cut More Flights Despite Bailout Requirements

David Shepardson, Reuters

It would be nice if the Department of Transportation made it easier for airlines to cut routes. But when crafting the CARES Act, Congress sought to ensure smaller communities would retain air service, so the DOT is in a tough position. It doesn't want to flout the desires of Congress.

1 month ago

Why Are Airlines Adding So Many Random Connecting Flights? Blame the U.S. Relief Package

Why Are Airlines Adding So Many Random Connecting Flights? Blame the U.S. Relief Package

Brian Sumers, Skift

Airlines are reverting to old strategies, like so-called tag flights, to try to maintain service in an era of depressed demand. It is not a panacea, but it might help them conserve cash for a bit longer.

1 month ago

Travel Groups Want More From Washington But Are They Asking Too Much?

Travel Groups Want More From Washington But Are They Asking Too Much?

Cameron Sperance, Skift

Hotel groups continue to have a receptive audience in Washington regarding relief funds, but they will need to be careful not to overstep in asking for stimulus further down the recovery path.

2 months ago

U.S. Relief Package Fails Larger Corporate Travel Agencies: Travel and Transport CEO

U.S. Relief Package Fails Larger Corporate Travel Agencies: Travel and Transport CEO

Matthew Parsons, Skift

Kevin O’Malley has joined forces with the biggest agencies in a new lobbying group, but with the virus escalating, it's not guaranteed they'll be able to bend the ear of Washington.

2 months ago

U.S. Hotels Will Need More Than What’s in the $2 Trillion Relief Package: Industry Trade Group CEO

U.S. Hotels Will Need More Than What’s in the $2 Trillion Relief Package: Industry Trade Group CEO

Cameron Sperance , Skift

While the federal relief package aimed at protecting small businesses and workers during the coronavirus economic downturn passed with impressive speed, it isn't a hotel industry silver bullet. The measure is likely just a first legislative step in getting hotels back to performance levels needed to return tens of thousands of furloughed employees to their jobs.

2 months ago