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Delta Reports Massive $7 Billion Loss in Second Quarter
Delta Air Lines this morning became the first U.S. airline to report second-quarter earnings. After a full three months full of depressed traffic and drastic cost-cutting measures coming on the heels of huge industry fallout stemming from the COVID-19 pandemic, the airline reported a loss of $7 billion on revenue of only $1.5 billion. That […]
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Opinion: Don’t Fault Airlines For Not Blocking the Middle Seat
Over the course of the past few months, airlines have taken a number of different measures to do their part to curb the spread of COVID-19. Most have mandated that passengers wear masks onboard. Some have scaled back their food and beverage services, as well as cut back their amenities on larger jets. And some […]
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The All-747 U.S. Airline? An Interview with Avatar Airlines’ Chief Legal Officer
A couple of weeks ago, I was perusing the latest aviation news from around the internet. I was looking specifically at what I could find surrounding the Department of Transportation (DOT). And I stumbled across an article about Avatar Airlines. It’s a name that rang a bell but didn’t, of course, have the same recognition […]
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In Midst of Multi-Billion-Dollar Losses, SkyWest Posts First Quarter Profit
SkyWest Airlines — the St. George, Utah-based regional airline that operates flights on behalf of numerous large American carriers — announced its first-quarter earnings on Thursday, reporting a $30 million profit even as the country’s largest airlines saw losses in the billions of dollars. The company, which did still see its stock price fall in […]
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Looking At the Second Half of Major U.S. Airlines’ Earnings
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 […]
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Looking At the First Half of Major U.S. Airlines’ Earnings
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 leaked on April 20 and […]
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Boeing Continues to Tumble Amid Coronavirus Pandemic
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 — its second major fatality-ridden accident […]
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Debate Over Refunds for Canceled Flights Emerges
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 fallout precipitated by COVID-19. “U.S. […]
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Regional Carrier Compass Airlines Operates Final Flight
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 last to play a part […]
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Airlines, Government Set for Debate Over Terms of Aid
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. While concessions were made by […]