April 28, 2020 4:08 pm ET
News
April 23, 2020 5:00 pm ET -
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…
April 23, 2020 4:48 pm ET -
Wizz Air CEO Confident About Post-Crisis Outlook
The dramatic drop in demand and the restrictions on international travel caused by the COVID-19 pandemic are devastating the finances of most airlines around the world. Carriers in the U.S. are receiving billions of dollars in grants and loans, Norwegian…
April 22, 2020 7:28 pm ET -
Air Mauritius Files for Voluntary Administration to Avoid Bankruptcy
The board of directors of Air Mauritius Limited met this Wednesday to disclose the state of the company's finances due to the COVID-19 pandemic. Then, it was reported that the operational disruptions related to the coronavirus make it impossible for…
April 22, 2020 2:20 pm ET -
Norwegian Scandinavian Subsidiaries File for Bankruptcy
It’s no secret that over the past few years Norwegian has been standing on a very thin rope, accumulating losses, seeking additional cash injection and restructuring routes in order to stay afloat. As COVID-19 hardly hits the global aviation year…
April 21, 2020 4:58 pm ET -
Richard Branson Offers Private Island to Secure Rescue Money for…
Virgin Atlantic founder Sir Richard Branson has stated in a public letter that he is willing to offer his private island as security against any deal from the U.K. government. Although the tycoon has committed $250 million of his own…