Last week, the first two of the four major U.S. airlines reported their first-quarter earnings. Atlanta-based Delta Air Lines announced a loss of $607 million and United Airlines announced a whopping $2.1 billion loss for the same time period. Originally, Southwest Airlines and American Airlines — the two Dallas/Fort-Worth-headquartered competitors — had been slated to announce on April 23 and 24. But owing to the extraordinary circumstances present in the industry today, they pushed back to April 28 and 30,…
This week marks one of the first opportunities American investors and the public will have to see just how the airline industry is suffering as a result of the COVID-19 pandemic. The four largest U.S. carriers are all set to release their first-quarter earnings this week. United Airlines' numbers first…
Boeing lost 150 orders for its 737 MAX aircraft in March, the carrier announced on Tuesday. The drastic fall in orders comes as airlines continue to suffer, some completely halting flights as worldwide demand approaches zero. Now more than a year into its grounding after a March 2019 crash —…
Less than a week after releasing preliminary terms for airlines receiving aid from the U.S. government, the Department of Transportation (DOT) filed another memo for airlines on April 3, this one mandating airlines continue to provide refunds per previous guidance, even in the wake of the economic and travel industry…
Three hours and 32 minutes after pushing back from the gate at Tulsa International Airport, Compass flight 6047 pulled into a gate for the final time. Arriving at Los Angeles International Airport nine minutes ahead of schedule, the American Eagle-colored Embraer 175 and the crew and passengers inside were the…
When President Donald Trump signed the over $2 trillion stimulus package known as the CARES Act into law on March 27, he, in conjunction with a bipartisan group of legislators, touted the success of setting aside hundreds of billions for small businesses, large businesses in troubled industries and consumers, alike.…
In the early morning hours on March 25, the White House and Senate struck a deal on an aid package for U.S. businesses and consumers totaling $2 trillion. Even though it had not yet reached, the sweeping bill will make available hundreds of billions of dollars for businesses in need…
In the midst of economic turmoil precipitated by the worldwide fallout from the novel coronavirus, U.S. companies and industry advocates have lined up to request government aid in order to keep themselves afloat. Another company added its name to list on March 17 as Chicago-based Boeing threw its support behind…
I sat at my desk this morning trying to figure out what exactly I wanted to write about. Obviously, there is no shortage of material in the airline industry this week, and it's as crazy of a time to be covering it as ever. In just the past few weeks,…
The core principle of the economy seat has remained the same for decades. While, yes, seats have begun to get tighter — both in terms of legroom and width — the seats themselves still hold the same general form and serve the same purpose. Innovation has come, though it has…
