Tag: Airlines (TRBC)

Boeing says it will need to borrow more money on coronavirus fallout

(Reuters) – Boeing Co (BA.N) will need to borrow more money over the next six months and does not expect to pay dividends again for...

After betting its future on Boeing, jetmaker Embraer scrambles for elusive plan B

SAO PAULO/PARIS (Reuters) – Brazilian planemaker Embraer SA (EMBR3.SA) has been thrust into an uncertain future with no immediate plan B, while not ruling out...

U.S. airlines receive extra $9.5 billion in payroll support: U.S. Treasury

WASHINGTON (Reuters) – The U.S. Treasury Department said on Saturday it has released $9.5 billion in additional funds from the Payroll Support Program to U.S....

Virgin Atlantic says still talking with UK government on coronavirus funds

(Reuters) – Virgin Atlantic is still talking with the British government about a bailout package to cope with the devastating effects of the coronavirus outbreak...

Proxy advisers recommend Boeing shareholders vote against key board members

(Reuters) – Two proxy advisers, Glass Lewis and Institutional Shareholder Services (ISS), have recommended that shareholders of Boeing Co (BA.N) vote against key board members...

Virgin Australia falls to virus crisis, appoints administrator to find investor

SYDNEY (Reuters) – Virgin Australia Holdings Ltd (VAH.AX) on Tuesday succumbed to third-party led restructuring that could lead to a sale, making Australia’s second-biggest airline...

United Airlines sees $2.1 billion loss as coronavirus hits Latin America growth hopes, seeks more federal aid

CHICAGO (Reuters) – United Airlines (UAL.O) said on Monday it expects to report a pre-tax loss of about $2.1 billion for the first quarter, after...

Wall Street Week Ahead: In companies’ earnings, words may matter more than numbers

NEW YORK (Reuters) – Investors gearing up for another week of corporate earnings may give more weight to the words of company executives than headline-grabbing...

Majority of FCC backs Ligado plan for broadband network: sources

WASHINGTON (Reuters) – A majority of the five-member Federal Communications Commission (FCC) has voted to approve an order to allow Ligado Networks’ to deploy a...

FCC chairman wants to greenlight Ligado’s U.S.-wide 5G network

WASHINGTON (Reuters) – The chairman of the Federal Communications Commission (FCC) circulated on Thursday a draft order asking FCC members to approve Ligado Networks’ low-power...

Airlines want U.S. Treasury to scrap proposal to make some grant money repayable

WASHINGTON/CHICAGO (Reuters) – Major U.S. airlines were urging Treasury officials and the federal government’s outside advisers on Saturday to scrap or revise a proposal that...

Boeing hires Lazard, Evercore to assess government aid or private loans: source

WASHINGTON (Reuters) – Boeing Co has hired investment banks Lazard and Evercore Inc to assess potential U.S. government assistance or private sector loans, a person...

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

WASHINGTON/CHICAGO (Reuters) – U.S. Treasury Secretary Steven Mnuchin told major airlines on Friday he wants them to repay some of the $25 billion in cash...

Treasury briefing U.S. airlines on $32 billion grant program -sources

WASHINGTON/CHICAGO (Reuters) – U.S. Treasury Secretary Steven Mnuchin is holding calls with airline CEOs throughout the day and could announce some details of a $32...

EasyJet to defer delivery of 24 Airbus planes, hold shareholder meeting

LONDON (Reuters) – British airline easyJet (EZJ.L) on Thursday said it would defer the delivery of 24 Airbus (AIR.PA) jets and hold a shareholder meeting...

Virgin Australia grounds almost all domestic flights, seeks government aid

SYDNEY (Reuters) – Virgin Australia Holdings Ltd (VAH.AX) said on Thursday it would ground all domestic flights, except a single daily Sydney-Melbourne service through June...

Cash-strapped Virgin Australia grounds almost all domestic flights amid virus crisis

SYDNEY (Reuters) – Virgin Australia Holdings Ltd (VAH.AX) said on Thursday it would ground all domestic flights, except a single daily Sydney-Melbourne service through June...

Airbus slashes jet output to tackle coronavirus crisis

PARIS (Reuters) – Airbus (AIR.PA) announced plans on Wednesday to cut jetliner production across the board after the coronavirus epidemic triggered aviation’s worst industrial crisis...

Trump administration seeks $250 billion more in aid for small U.S. businesses: Mnuchin

WASHINGTON (Reuters) – The Trump administration on Tuesday asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses reeling from...

Millions of aviation jobs at risk, airlines can’t afford refunds: IATA

LONDON (Reuters) – Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus travel downturn and the industry’s...

France’s Thales withdraws final dividend, suspends outlook

PARIS (Reuters) – France’s Thales (TCFP.PA) on Tuesday became the latest major company to slash its dividend, suspend profit guidance and top up liquidity in...

As coronavirus hits tourism, Wizz Air finds new role

BUDAPEST (Reuters) – Hungarian low-cost airline Wizz Air (WIZZ.L) is repatriating citizens and transporting medical equipment for east European governments, in a move coupling one-off...

Alaska warned U.S. government its largest regional airline was on verge of collapse: letter

WASHINGTON/CHICAGO (Reuters) – Alaska’s congressional delegation warned U.S. Treasury Secretary Steven Mnuchin last week that many of its airlines, including its largest regional carrier, RavnAir...

American joins United, others in suspending more NYC flights on coronavirus spike

(Reuters) – American Airlines Group Inc (AAL.O) said late Sunday it would suspend more flights in and out of New York City’s three main airports...

United slashes New York-area flights due to coronavirus

(Reuters) – United Airlines (UAL.O) said late Saturday it will drastically reduce flights to two New York City airports amid the coronavirus outbreak. FILE PHOTO:...