INSIDER
Dollar Tree and Family Dollar agree to take steps to improve worker safety at the bargain stores
Read full article: Dollar Tree and Family Dollar agree to take steps to improve worker safety at the bargain storesU.S. regulators have announced a settlement with the company that runs Dollar Tree and Family Dollar aimed at improving worker safety at thousands of the bargain stores across the country.
American Airlines posts $1.25 billion loss, delays new jets
Read full article: American Airlines posts $1.25 billion loss, delays new jetsAmerican Airlines is reporting another big loss as the pandemic continues to hammer air travel, but the airline says it is seeing signs of more demand for tickets.
US air travel rises to highest levels yet since pandemic hit
Read full article: US air travel rises to highest levels yet since pandemic hit(AP Photo/Rick Bowmer, File)Across the United States, air travel is recovering more quickly from the depths of the pandemic, and it is showing up in longer airport security lines and busier traffic on airline websites. "Our last three weeks have been the best three weeks since the pandemic hit, and each week has been better than the one prior,โ American Airlines CEO Doug Parker said Monday. However, the airlines still have far to go before travel fully returns to pre-pandemic levels. Since the pandemic hit, air travel has picked up a few times โ mostly around holidays โ only to drop back down. The airline said people are booking leisure trips to beach and mountain destinations but business travel is still lagging.
Airlines close books on rotten 2020 and so far, 2021 is grim
Read full article: Airlines close books on rotten 2020 and so far, 2021 is grimAn American Airlines Boeing 777 is framed by utility wires as it prepares to land at Miami International Airport, Wednesday, Jan. 27, 2021, in Miami. And now a halting rollout of vaccines threatens to further delay a recovery in travel and the travel industry. On Thursday, as airlines reported results, a new coronavirus variant identified in South Africa was found in the United States for the first time, with two cases diagnosed in South Carolina. โTravel restrictions on international have resulted in a reduction in demand,โ American Airlines CEO Doug Parker said. Ad___JETBLUE AIRWAYSJetBlue reported a loss of $381 million, after reporting a profit in the fourth quarter of 2019.
American, United to furlough 32,000 as time runs out on aid
Read full article: American, United to furlough 32,000 as time runs out on aidAmerican Airlines and United Airlines say they will begin to furlough 32,000 employees after lawmakers and the White House failed to agree on a broad pandemic relief package that includes more federal aid for airlines. She said a bailout that keeps airline workers employed would be cheaper for the government than putting them on the unemployment line during a pandemic. Beyond American and United, smaller airlines have sent layoff warnings to several thousand employees. Late Tuesday, the Treasury Department said it completed loans to seven major airlines: American, United, Alaska, JetBlue, Frontier, Hawaiian and SkyWest. American now expects to borrow $5.5 billion from the Treasury, and United can get $5.17 billion.
American Airlines plans 19,000 furloughs, layoffs in October
Read full article: American Airlines plans 19,000 furloughs, layoffs in OctoberDALLAS American Airlines said Tuesday it will eliminate 19,000 jobs in October as it struggles with a sharp downturn in travel because of the pandemic. The furloughs and management layoffs announced Tuesday are in addition to 23,500 employees who accepted buyouts, retired early or took long-term leaves of absence. U.S. air travel plunged 95% by April, a few weeks after the first significant coronavirus outbreaks in the United States. In March, passenger airlines got $25 billion from the government to save jobs for six months, and American was the biggest beneficiary, receiving $5.8 billion. American plans to fly less than half its usual schedule and only one-fourth of its lucrative international service in the fourth quarter.
American, Southwest add to US airline industry's 2Q losses
Read full article: American, Southwest add to US airline industry's 2Q lossesThat pushed the combined loss of the nation's four biggest airlines to more than $10 billion in just three months. Between them, American and Southwest carried 15.4 million passengers from April through June. Earlier, Delta Air Lines reported a $5.7 billion loss that was worsened by writing down investments in global airline partners who have filed for bankruptcy protection, and United lost $1.6 billion. American, based in Fort Worth, Texas, reported a loss of $2.07 billion, compared with a year-ago profit of $662 million. Seattle-based Alaska Airlines said it lost $214 million compared with a $262 million profit a year earlier.
Airlines increase job cuts as pandemic crushes air travel
Read full article: Airlines increase job cuts as pandemic crushes air travelAmerican Airlines, meanwhile, plans to cut its 17,000 management and support staff by 30% about 5,100 jobs. Major airlines in Europe and the United States are on better footing after receiving promises of billions in assistance. If the pandemic rages on and air travel remains severely depressed this fall, however, there are no guarantees, even for the strongest airlines. The airlines' troubles are creating ripples through the aviation industry, at aircraft makers Boeing and Airbus and their suppliers. Airlines are looking for governments to help not only with financial aid but to take steps that might encourage more people to fly.
Grounded Boeing jet hits another pothole in path to return
Read full article: Grounded Boeing jet hits another pothole in path to returnBoeing says it is in the final stages of making fixes to the Max, which has been grounded eight months after two crashes that killed 346 people. The CEO of American Airlines, a major Boeing customer, said he is growing more confident that the Max will soon be approved to fly again. Boeing assumed that pilots would use longstanding procedures for handling a nose-down pitch of the plane even if they didn't know what caused it. Meanwhile, American Airlines CEO Doug Parker said nothing is certain about the Max's return, "but we feel a lot better about the fact that indeed the aircraft is going to get certified sometime in the near future. Parker said at an investor conference in Chicago that he based his prediction on discussions American has held with Boeing and the FAA.