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CNBC
2020-03-30 18:44:14
https://www.cnbc.com/2020/03/30/coronavirus-american-airlines-plans-to-apply-for-aid-offers-partial-pay.html
American Airlines plans to apply for government aid to help it weather the impact of coronavirus and is offering partially
American Airlines plans to apply for coronavirus aid, offers partial pay for employee leave
AAL
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News
Reuters
2020-03-30 18:21:05
https://www.reuters.com/article/us-health-coronavirus-american-airline/american-airlines-to-apply-for-up-to-12-billion-in-government-aid-memo-idUSKBN21H3H1
American Airlines Holdings Inc intends to apply for up to $12 billion government aid, ensuring no involuntary layoffs or pay cuts in the next six months, executives said in a memo to employees on Monday.
American Airlines to apply for up to $12 billion in government aid: memo
AAL
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Forbes
2020-03-30 17:52:03
https://www.forbes.com/sites/kunalshah1/2020/03/30/how-the-coronavirus-pandemic-will-reshape-the-us-airline-industry-network-implications/
It’s hard to see the light at the end of the tunnel for airlines. But when airlines emerge from the coronavirus crisis, the recovery period will also be uncharted territory.
How The Coronavirus Pandemic Will Reshape The US Airline Industry: Network Implications
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Zacks Investment Research
2020-03-30 16:55:29
https://www.youtube.com/watch?v=QTL7gwR44lM
zacks.com zacks.com/ultimate
5 Ways the Coronavirus is Impacting US Airlines
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CNBC
2020-03-30 16:38:11
https://www.cnbc.com/2020/03/30/coronavirus-update-airline-workers-brace-for-smaller-paychecks-despite-aid.html
Airline workers are seeing fewer hours than they normally would have as airlines reduce flying to match the coronavirus travel slump
Airline workers might not be cut but in coronavirus travel collapse their paychecks will be smaller
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Investors Business Daily
2020-03-30 10:55:13
https://www.investors.com/news/airlines-stocks-carriers-mull-consolidating-passengers/
Airlines are reportedly considering consolidating flights for some routes — or putting passengers from rival carriers on one plane. The post Airlines Consider This Drastic Move As Demand Plummets: Report appeared first on Investor's Business Daily.
Airlines Consider This Drastic Move As Demand Plummets: Report
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New York Post
2020-03-30 09:43:00
https://nypost.com/2020/03/30/british-airlines-ask-furloughed-workers-to-help-at-coronavirus-hospitals/
British airlines are asking thousands of staffers whom they’ve temporarily put out of work to lend a hand at special coronavirus hospitals. Virgin Atlantic and easyJet are making the request to workers at the behest of the UK’s National Health Service, which is building three field hospitals to treat coronavirus patien...
British airlines ask furloughed workers to help at coronavirus hospitals
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CNBC Television
2020-03-30 08:25:46
https://www.youtube.com/watch?v=KhlpPB_BzHY
The CEO's of major airlines sent a letter to the Treasury Department over the weekend asking the $58 billion set aside for the companies to be disbursed quickly. The request comes as executives consider consolidating flights due to low passenger demand. Gordon Bethune, former Continental Airlines chairman and CEO, join...
Former Continental CEO on what comes next for airlines amid coronavirus crisis
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CNBC International TV
2020-03-30 08:15:01
https://www.youtube.com/watch?v=O4wL7ivrFS8
IATA Director General Alexandre de Juniac outlines how airlines are being impacted by the coronavirus crisis.
Almost half of airlines will run out of cash if coronavirus goes on until June | Squawk Box Europe
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CNBC Television
2020-03-30 07:59:02
https://www.youtube.com/watch?v=V24woL5bzDU
he CEOs of major airlines sent a letter to the Treasury Department over the weekend asking the $58 billion set aside for the companies to be disbursed quickly. CNBC's Phil LeBeau reports.
Airline executives consider consolidating schedules as passenger traffic plummets
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Reuters
2020-03-30 06:30:17
https://www.reuters.com/article/us-health-coronavirus-american-airline-m/exclusive-american-airlines-in-talks-to-hire-millstein-for-aid-advice-idUSKBN21H13J
American Airlines Group Inc is in advanced talks to hire Guggenheim Securities co-chairman James Millstein for advice on tapping a $50 billion industry relief package available from the U.S. Treasury Department to cope with the coronavirus pandemic, people familiar with the matter said.
Exclusive: American Airlines in talks to hire Millstein for aid advice
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CNBC International TV
2020-03-30 06:30:01
https://www.youtube.com/watch?v=ae7AvEP7tDo
Conrad Clifford, the Regional Vice President of APAC at IATA, discusses the need for government intervention to keep global airlines afloat during the coronavirus pandemic.
Over 70% of airlines have only 3 months of cash-cover, IATA warns
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Zacks Investment Research
2020-03-30 06:29:00
https://www.zacks.com/stock/news/844550/us-airlines-is-all-well-despite-the-coronavirus-relief-law
U.S. passenger airlines are eligible to receive $25 billion in grants under the stimulus package for meeting their payroll expenses over the next six months.
U.S. Airlines: Is All Well Despite the Coronavirus Relief Law?
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InvestorPlace
2020-03-30 05:16:08
https://investorplace.com/2020/03/will-the-rescue-package-help-aal-stock-reach-its-recent-highs/
Despite the current federal assistance on the way to the airline industry, AAL stock is unlikely to reach its recent highs in the coming months. The post Will the Rescue Package Help American Airlines Stock Reach Its Recent Highs?
Will the Rescue Package Help American Airlines Stock Reach Its Recent Highs?
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Reuters
2020-03-30 05:14:04
https://www.reuters.com/article/us-health-coronavirus-american-airline-m/exclusive-american-airlines-in-talks-to-hire-millstein-for-aid-advice-sources-idUSKBN21H13J
American Airlines Group Inc is in advanced talks to hire Guggenheim Securities co-chairman James Millstein for advice on tapping a $50 billion industry relief package available from the U.S. Treasury Department to cope with the coronavirus pandemic, people familiar with the matter said.
Exclusive: American Airlines in talks to hire Millstein for aid advice - sources
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Reuters
2020-03-29 23:30:46
https://www.reuters.com/article/us-health-coronavirus-airlines/major-airlines-urge-u-s-treasury-to-disburse-assistance-quickly-idUSKBN21H0A0
Major U.S. airlines asked the U.S. Treasury to move quickly to release up to $58 billion in government grants and loans and recommended a formula to divide up the money.
Major airlines urge U.S. Treasury to disburse assistance quickly
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CNBC
2020-03-29 18:49:10
https://www.cnbc.com/2020/03/29/consolidating-flights-to-us-cities-could-help-stem-airline-losses.html
U.S. airlines and the Department of Transportation may soon have to consider consolidating service to dozens of cities around the country in a bid to help carriers cut losses, several airline industry executives told CNBC.
Consolidating flights to US cities could help stem airline industry losses as coronavirus dampens demand, executives say
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The Motley Fool
2020-03-29 09:25:00
https://www.fool.com/investing/2020/03/29/will-warren-buffett-buy-an-airline-or-sell.aspx
Airline stocks have plunged over the past month, which could make this a great time for Warren Buffett to deploy some of Berkshire Hathaway's excess cash.
Will Warren Buffett Buy an Airline? Or Is He Looking to Sell?
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Forbes
2020-03-28 11:11:53
https://www.forbes.com/sites/willhorton1/2020/03/28/us-airlines-struggled-to-identify-passengers-exposed-to-coronavirus/
Even before the surge in infections, lawmakers were dismayed at U. S. airlines being unable to contact their passengers quickly or at all.
U.S. Airlines Struggle To Identify Passengers Exposed To Coronavirus
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Forbes
2020-03-28 03:59:25
https://www.forbes.com/sites/jamesasquith/2020/03/28/commercial-airlines-are-now-operating-cargo-only-flights/
With many airlines around the world grounding large swathes of their fleets and cancelling international flights, passenger jets are sat idle at airports across the world. Many passenger airlines are carrying cargo only flights now with many airlines grounding their fleet.
Commercial Airlines Are Now Operating Cargo-Only Flights
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Market Watch
2020-03-27 17:43:36
https://www.marketwatch.com/story/guid/2255665b-010a-4e42-aa51-bf5d5f01f221
American Airlines Group Inc. AAL, -10.34% announced late Friday additional capacity cuts.The airline said it will suspend 60% of its capacity in April as compared to the same period in 2019, and is planning to suspend up to 80% of its capacity in May compared to May 2019.
American Airlines cuts flight schedule further, keeps one flight to Hawaii
AAL
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The Motley Fool
2020-03-27 17:15:00
https://www.fool.com/investing/2020/03/27/american-airlines-sees-situation-getting-worse-not.aspx
Flight cancellations in May will be steeper than in April.
American Airlines Sees Situation Getting Worse, Not Better
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The Motley Fool
2020-03-27 17:02:00
https://www.fool.com/investing/2020/03/27/stock-market-wrap-up-with-coronavirus-relief-will.aspx
The stock market gave up some of the ground it gained earlier in the week.
Stock Market Wrap-Up: With Coronavirus Relief, Will the U.S. Government Become Airline Shareholders?
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Fast Company
2020-03-27 16:00:10
https://www.fastcompany.com/90483154/the-airlines-due-to-get-huge-bailout-have-spent-a-stunning-amount-on-lobbying-since-the-last-one
The airline industry, which received $5 billion in taxpayer funds and another $10 billion in loan guarantees after 9/11, is the likely recipient of $50 billion in taxpayer money and guarantees under a sweeping $2 trillion stimulus bill. This story was produced by MapLight, a nonprofit organization that reveals the in...
The airlines, due to get huge bailout, have spent more than $300M on lobbying since the last one
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Benzinga
2020-03-27 15:36:17
https://www.benzinga.com/news/20/03/15686402/american-to-park-80-of-domestic-capacity-by-may
American Airlines Group, Inc. (NASDAQ: AAL) said Friday it will suspend 60% of its flight schedule in April and likely reduce capacity by 80% in May because of the coronavirus pandemic.
American To Park 80% Of Domestic Capacity By May
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The Motley Fool
2020-03-27 14:42:00
https://www.fool.com/investing/2020/03/27/why-airline-stocks-are-falling-today.aspx
The three-day relief rally has faded.
Why Airline Stocks Are Falling Today (Mar 27)
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CNN Business
2020-03-27 14:30:57
https://www.cnn.com/2020/03/27/business/airlines-bailout-outlook-coronavirus/index.html
The $50 billion airline bailout passed by the Senate will help keep the airlines alive, but it won't solve the industry's most severe crisis in its history.
$50 billion airline bailout won't be enough to save US industry
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CNBC
2020-03-27 14:28:58
https://www.cnbc.com/2020/03/27/coronavirus-relief-bill-how-airline-workers-won-a-lifeline.html
Labor unions played an instrumental role in getting a contentious coronavirus aid bill that protects their jobs through the end of September.
How airline workers won a $32 billion lifeline in the contentious coronavirus relief bill
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InvestorPlace
2020-03-27 12:59:14
https://investorplace.com/2020/03/easy-gains-over-american-airlines-aal-stock/
American Airlines was already struggling before the coronavirus hit, so a bailout may not be enough to truly save AAL stock. The post The Easy Gains May Be Over for American Airlines Stock appeared first on InvestorPlace.
The Easy Gains May Be Over for American Airlines Stock
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InvestorPlace
2020-03-27 11:59:05
https://investorplace.com/2020/03/despite-stimulus-uncertainty-remains-for-grounded-american-airlines-stock/
Until we know how much the coronavirus from China will set the moribund airline back, stay on the sidelines with AAL stock. The post Despite Stimulus, Uncertainty Remains for Grounded American Airlines Stock appeared first on InvestorPlace.
Despite Stimulus, Uncertainty Remains for Grounded American Airlines Stock
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Forbes
2020-03-27 11:49:54
https://www.forbes.com/sites/tedreed/2020/03/27/american-airlines-mechanics-and-fleet-service-approve-a-landmark-pre-crisis-contract/
About 31,000 American Airlines mechanic and fleet service workers have ratified a landmark contract agreement which means that, for the first time since a 2013 merger with US Airways, every work group at the company will work under joint contracts.
American Airlines Mechanics And Fleet Service Approve A Landmark, Pre-Crisis Contract
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Forbes
2020-03-27 11:43:11
https://www.forbes.com/sites/jeremybogaisky/2020/03/27/will-boeing-take-bailout-funds-mnuchin-statement-may-not-rule-it-out-american-could-tap-12b-but-unsure-if-will-meet-conditions/
Treasury Secretary Steven Mnuchin seemed to indicate in an interview that Boeing wasn’t planning to take loans or loan guarantees from a $2 trillion stimulus package, but he may have been referring only to one portion of the bailout that would give the government equity stakes in recipients.
Will Boeing Take Bailout Funds? Mnuchin Statement May Not Rule It Out. American Could Tap $12B But Unsure If Will Meet Conditions
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Investors Business Daily
2020-03-27 11:27:54
https://www.investors.com/news/american-airlines-stock-airline-stocks-normal-2023/
American Airlines cut capacity further, and an analyst said the industry might not get back to normal until after 2023. The post Airline Stocks Fall As Industry Seen Not Getting Back To Normal Before 2023 appeared first on Investor's Business Daily.
Airline Stocks Fall As Industry Seen Not Getting Back To Normal Before 2023
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CNBC
2020-03-27 11:25:03
https://www.cnbc.com/2020/03/27/mnuchin-says-taxpayers-will-be-compensated-for-airline-relief.html
U.S. Treasury Secretary Steve Mnuchin said on Friday that the coronavirus economic stimulus bill before Congress is not an airline bailout and that taxpayers will be compensated for relief given to companies hobbled by the global pandemic.
Mnuchin says taxpayers will be 'compensated' for airline relief
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Zacks Investment Research
2020-03-27 09:34:00
https://www.zacks.com/stock/news/838381/senates-%2458b-bill-to-aid-us-airliners-stocks-in-focus
The U.S. Senate's rescue package includes a $58 billion financial aid in the form of grants and loans, for the struggling U.S. airline industry.
Senate's $58B Bill to Aid U.S. Airliners: Stocks in Focus
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CNBC Television
2020-03-27 08:00:23
https://www.youtube.com/watch?v=yPrZO7huNYQ
Auto plants are going to be shutdown longer than expected and a vary large number of the world's airlines have stopped flying. CNBC's Phil LeBeau reports.
Coronavirus: The latest headlines out of the auto and airline industries
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CNBC Television
2020-03-27 07:56:28
https://www.youtube.com/watch?v=G8ERLjNazUQ
Joseph DeNardi, managing director at Stifel, joins "Squawk Box" by phone to discuss the impact of the coronavirus pandemic on the airline industry.
Demand for travel should return toward end of summer, says Stifel's DeNardi
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The Motley Fool
2020-03-26 22:02:00
https://www.fool.com/investing/2020/03/26/why-airline-shares-are-up-today.aspx
The Cares Act should give the sector the runway it needs to get through the pandemic.
Why Airline Shares Are Up Today
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Reuters
2020-03-26 16:11:48
https://www.reuters.com/article/us-health-coronavirus-airlines-strategy/u-s-airlines-to-dash-for-cash-grants-not-loans-even-with-potential-government-stake-idUSKBN21D3GL
U.S. airlines are preparing to tap the government for up to $25 billion in grants to cover payroll in a sharp travel downturn triggered by the coronavirus, even after the government warned it may take stakes in exchange for bailout funds, people familiar with the matter said.
U.S. airlines to dash for cash grants, not loans, even with potential government stake
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The Guardian
2020-03-26 15:17:41
https://www.theguardian.com/us-news/2020/mar/26/us-coronavirus-relief-package-airlines-fossil-fuel-companies-climate
Airlines get $60bn bailout, but Pelosi’s proposal on halving of emissions by 2050 not included
$2tn US coronavirus relief comes without climate stipulations
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InvestorPlace
2020-03-26 13:12:38
https://investorplace.com/2020/03/10-undervalued-stocks-crashing-on-the-coronavirus-pandemic/
These 10 undervalued stocks have crashed as the coronavirus has spread, but many of them could rebound (if they don't go bankrupt).
10 Undervalued Stocks Crashing on the Coronavirus Pandemic
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Zacks Investment Research
2020-03-26 12:04:00
https://www.zacks.com/stock/news/836652/airlines-stocks-etf-fly-higher-on-stimulus-package
The airlines ETF, one of the worst-hit by the coronavirus effect, started to soar on the hopes of U.S. government aid.
Airlines Stocks & ETF Fly Higher on Stimulus Package
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The Motley Fool
2020-03-26 11:54:00
https://www.fool.com/investing/2020/03/26/trade-association-decries-bottlenecks-airlines-use.aspx
Airlines are converting passenger planes to help during the pandemic and to generate revenue.
Trade Association Decries "Bottlenecks;" Airlines Use Passenger Planes to Move Vital Cargo
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Investors Business Daily
2020-03-26 05:31:30
https://www.investors.com/news/airlines-equity-bailout-cash-aid/
Struggling U.S. airlines will be eligible to receive federal loans and, if they are willing to give the government an option for an ownership stake.
U.S. Airline Bailout Offers Loans And Cash-for-Equity Aid
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CNBC
2020-03-25 16:39:33
https://www.youtube.com/watch?v=4WFMt14dSoQ
The golden age for airlines could be ending thanks to the spike in worldwide cases of COVID-19.
Can Major U.S. Airlines Survive The Coronavirus Outbreak?
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Forbes
2020-03-25 15:28:26
https://www.forbes.com/sites/jeremybogaisky/2020/03/25/us-airlines-on-track-to-get-what-they-wanted-in-senate-bailout-bill-without-environmental-restrictions/
Stimulus bill contains $61 billion in aid for air carriers and contractors, but would require them to accept limits on executive compensation and shareholder returns, potentially provide equity stakes to the government, as well as maintain services as prescribed by Washington.
U.S. Airlines On Track To Get What They Wanted In Senate Bailout Bill, Without Environmental Restrictions
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The Motley Fool
2020-03-25 13:50:00
https://www.fool.com/investing/2020/03/25/timesensitive-why-shares-of-airlines-are-soaring-t.aspx
The industry's $50 billion bailout appears within reach.
Why Shares of Airlines - Are Soaring Today
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The Motley Fool
2020-03-25 11:59:00
https://www.fool.com/investing/2020/03/25/dividend-investors-is-coronavirus-stimulus-the-nex.aspx
With stimulus provisions now almost certain to require dividend suspensions, those airlines still making payments will disappoint those looking for portfolio income.
Dividend Investors: Is Coronavirus Stimulus the Next Shoe to Drop?
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Investors Business Daily
2020-03-25 11:20:19
https://www.investors.com/news/airline-stocks-delta-stock-coronavirus-stimulus-package-420000-job-losses/
Airline stocks continued their rebound, after the White House and Congress reached a deal for a stimulus package. The post Airline Rally Continues On Coronavirus Stimulus Package, But 420,000 Jobs Could Be Lost appeared first on Investor's Business Daily.
Airline Rally Continues On Coronavirus Stimulus Package, But 420,000 Jobs Could Be Lost
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Reuters
2020-03-25 10:24:39
https://www.reuters.com/article/us-health-coronavirus-usa-bill/senate-bill-set-to-give-aviation-sector-up-to-33-billion-bailout-sources-idUSKBN21C24T
A compromise $2 trillion economic rescue package that will be voted on by the U.S. Senate on Wednesday is set to give passenger airlines about $25 billion in grants, and up to another $8 billion for cargo carriers and airport contractors, three people briefed on the negotiations said.
Senate bill set to give aviation sector up to $33 billion bailout: sources
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Seeking Alpha
2020-03-25 08:44:36
https://seekingalpha.com/article/4334082-aercap-counterparty-risk-is-lower-market-thinks
AerCap: Counterparty Risk Is Lower Than The Market Thinks
AerCap: Counterparty Risk Is Lower Than The Market Thinks
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The Motley Fool
2020-03-25 08:21:00
https://www.fool.com/investing/2020/03/25/american-airlines-waste-cash-flow-share-buybacks.aspx
Airlines have spent plenty on share buybacks. But with the exception of American, they haven't been as improvident as headlines suggest.
"Airlines" Didn't Waste All Their Cash Flow on Share Buybacks: American Airlines Did
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CNBC Television
2020-03-25 07:59:42
https://www.youtube.com/watch?v=FqAnKi1R4pY
Bob Crandall, AMR Group chairman and former American Airlines CEO, joins "Squawk Box" to discuss what kind of bailout the airlines can expect from Washington.
Former American Airlines CEO on $50 billion bailout for airline industry
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NYTimes
2020-03-25 05:00:29
https://www.nytimes.com/2020/03/25/business/coronavirus-american-airlines.html
Nearly every part of the airline, the largest in the United States, has been transformed, and executives are fighting to keep it afloat.
Inside American Airlines’ Scramble as Virus Grounds Jets by Hundreds
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InvestorPlace
2020-03-24 14:59:52
https://investorplace.com/2020/03/will-american-airlines-stock-fall-more-than-50-to-5/
American Airlines stock has been hammered and rightfully so. But just because AAL stock is cheap, doesn't mean it can't get cheaper.
Will American Airlines Stock Fall More Than 50% to $5?
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Bloomberg Markets and Finance
2020-03-24 14:39:47
https://www.youtube.com/watch?v=15564kBcKPU
International Air Transport Association Chief Executive Officer Alexandre de Juniac warns the airline industry is facing an unprecedented crisis and the coronavirus pandemic may cost airlines worldwide $252 billion in revenue this year. He speaks with Bloomberg's Guy Johnson and Vonnie Quinn on "Bloomberg Markets: Euro...
IATA CEO Sees Unprecedented Airline Crisis, Says Cargo Traffic Must Be Maintained
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CNBC
2020-03-24 13:19:16
https://www.cnbc.com/2020/03/24/coronavirus-stimulus-bill-lawmakers-near-deal-on-25-billion-in-grants-for-airlines.html
Airline stocks surged as lawmakers neared a deal for a stimulus package that would include $25 billion in grants for airlines.
Lawmakers edge toward deal on $25 billion in coronavirus aid for airlines
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Investors Business Daily
2020-03-24 12:37:29
https://www.investors.com/news/airline-stocks-soar-congress-nears-massive-stimulus-bill/
Airline stocks soared as the U.S. Congress closed in on a massive stimulus bill in response to the coronavirus pandemic.
Airline Stocks Soar As Congress Closes In On Massive Stimulus Bill
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Reuters
2020-03-24 09:34:13
https://www.reuters.com/article/us-health-coronavirus-iata-airlines/airlines-double-estimated-hit-from-coronavirus-to-250-billion-idUSKBN21B1VK
Global airlines urged governments on Tuesday to speed up bailouts to rescue the air transport industry as they doubled their estimate of 2020 revenue losses from the coronavirus crisis to more than $250 billion.
Airlines double estimated hit from coronavirus to $250 billion
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CNET
2020-03-24 08:46:00
https://www.cnet.com/news/us-airlines-are-reportedly-preparing-for-domestic-flight-shutdown-due-to-coronavirus/
But no final decision has been made, The Wall Street Journal reports.
US airlines are reportedly preparing for domestic flight shutdown due to coronavirus
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CNBC Television
2020-03-24 08:11:19
https://www.youtube.com/watch?v=va7jQLKcZmc
The airlines and Boeing have had a brutal month as worldwide air travel slowed sharply.
Airlines draw up contingency plans while requesting federal government bailout
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The Motley Fool
2020-03-24 07:21:00
https://www.fool.com/investing/2020/03/24/have-cash-to-invest-then-keep-it-away-from-these-3.aspx
Though it's an opportune time to invest in the stock market, not all popular stocks are good buys.
Have Cash to Invest? Then Keep It Away From These 3 Stocks
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InvestorPlace
2020-03-24 06:37:15
https://investorplace.com/2020/03/blood-in-the-street-provides-turbulent-opportunity-in-american-airlines/
While American Airlines isn’t for the squeamish, if you ignore headlines and focus squarely on the long-term story, AAL stock is a buy. The post Blood in the Street Provides Turbulent Opportunity in American Airlines appeared first on InvestorPlace.
Blood in the Street Provides Turbulent Opportunity in American Airlines
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InvestorPlace
2020-03-24 06:20:08
https://investorplace.com/2020/03/aal-stock-betting-on-american-airlines-survival/
If American Airlines secures a federal bailout, AAL stock might just be an excellent speculation. I think a bailout is likely.
A Bet on AAL Stock Is a Bet on American Airlines’ Survival
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Reuters
2020-03-23 21:24:28
https://www.reuters.com/article/us-health-coronavirus-airlines-usa/house-democrats-would-give-airlines-contractors-40-billion-bailout-idUSKBN21A35E
Democratic U.S. lawmakers on Monday proposed giving struggling U.S. airlines and contractors $40 billion in cash grants that would not have to be paid back but require significant new environmental, labor and other conditions.
House Democrats would give airlines, contractors $40 billion bailout
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Zacks Investment Research
2020-03-23 12:02:00
https://www.zacks.com/stock/news/830238/american-airlines-stock-plunges-59-in-a-month-heres-why
To manage the coronavirus-inflicted tepid demand scenario, American Airlines (AAL) aims to reduce its international flights by 75% in April.
American Airlines Stock Plunges 59% in a Month: Here's Why
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Reuters
2020-03-23 11:16:05
https://www.reuters.com/article/us-health-coronavirus-airlines-factbox/airlines-ground-flights-count-mounting-costs-of-the-coronavirus-shock-idUSKBN21A2IE
Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak, scrapping flights and ditching financial forecasts.
Airlines ground flights, count mounting costs of the coronavirus shock
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Zacks Investment Research
2020-03-23 10:23:00
https://www.zacks.com/stock/news/829907/us-airlines-coronavirus-cash-grant-will-federal-help-come
Airlines are seeking federal help to reinforce their liquidity positions, which remain stressed due to the rampant coronavirus spread.
U.S. Airlines' Coronavirus Cash Grant: Will Federal Help Come?
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The Motley Fool
2020-03-23 08:21:00
https://www.fool.com/investing/2020/03/23/after-recent-selloff-avoid-these-airline-stocks.aspx
Airline stocks have plunged over the past month. But while some stocks in the industry appear oversold, investors shouldn't expect a speedy recovery for American Airlines and United Airlines.
Even After the Recent Sell-Off, You Should Still Avoid These Airline Stocks Right Now
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The Motley Fool
2020-03-23 08:12:00
https://www.fool.com/investing/2020/03/23/is-this-the-end-of-stock-buybacks.aspx
Airlines need our help. But what have they done with extra cash over the past five years?
Is This the End of Stock Buybacks?
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CNBC Television
2020-03-23 07:23:51
https://www.youtube.com/watch?v=LkAP2efRHDU
CNBC's Phil LeBeau reports on the latest from airlines as they try to grapple with the slowdown in travel brought on by the coronavirus outbreak.
Airline CEOs: Grants needed to avoid mass layoffs
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Forbes
2020-03-22 15:16:15
https://www.forbes.com/sites/tedreed/2020/03/22/airline-industry-offer-to-avoid-layoffs-is-rebuffed-as-talks-continue/
The chance for thousands of airline employees to keep their jobs through the summer may be dimming.
Airline Industry Offer To Avoid Layoffs Is Rebuffed As Talks Continue
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CNBC
2020-03-22 09:22:43
https://www.cnbc.com/2020/03/22/coronavirus-airlines-urge-congress-for-grants-to-fight-impact.html
Airlines warned Congress thousands of jobs were at risk without direct grants to fight impact of coronavirus.
Airlines tell Congress they need cash coronavirus aid or thousands will be furloughed
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Reuters
2020-03-21 15:24:10
https://www.reuters.com/article/us-health-coronavirus-airlines/major-u-s-airlines-unions-insist-on-cash-grants-from-congress-over-coronavirus-idUSKBN2180ZG
Chief executives of major U.S. airlines were reaching out to key members of Congress on Saturday in a last-ditch uphill effort to try to win cash grants to weather the coronavirus crisis, warning that the consequences if they did not receive help could be dire, two people briefed on the calls said.
Major U.S. airlines, unions insist on cash grants from Congress over coronavirus
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Forbes
2020-03-21 12:37:19
https://www.forbes.com/sites/tedreed/2020/03/21/ten-airlines-say-no-layoffs-before-sept-1--if-congress-protects-payrolls/
Top executives of the ten largest passenger and cargo airlines say they will not furlough or lay off anybody before Sept. 1 if Congress moves quickly to bailout airlines from the coronavirus crisis.
Ten Airlines Say No Layoffs Before Sept. 1 If Congress Protects Payrolls
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The Motley Fool
2020-03-21 12:25:00
https://www.fool.com/investing/2020/03/21/coronavirus-decimating-industry-buy-airline-stocks.aspx
Bbargain-hunting investors should stick to airlines with solid balance sheets and track records of strong free cash flow.
With Coronavirus Decimating the Industry, Should You Buy Airline Stocks Right Now?
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Forbes
2020-03-21 12:02:03
https://www.forbes.com/sites/tedreed/2020/03/21/americandelta-battle-for-latin-american-recedes-for-now-but-shifts-to-gol-and-latam-continue/
With the focus on the coronavirus crisis, it is easy to overlook the continuing transitions in Latin American affiliations by American and Delta airlines.
American/Delta Battle For Latin American Recedes For Now, But Shifts To GOL And LATAM Continue
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Reuters
2020-03-20 19:12:25
https://www.reuters.com/article/us-health-coronavirus-airlines-usa/u-s-airlines-call-for-payroll-protections-as-aid-talks-continue-idUSKBN21731V
U.S. airlines called on Friday for a government stimulus package meant to help them weather the coronavirus crisis by providing payroll protections, warning that around 750,000 jobs depend on the airline industry.
U.S. airlines call for payroll protections as aid talks continue
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New York Post
2020-03-20 19:03:33
https://nypost.com/2020/03/20/american-airlines-to-operate-1st-cargo-only-flight-in-36-years-due-to-coronavirus/
After drastic cutbacks to both its international and domestic service, American Airlines is transitioning to cargo-only flights. This week, the carrier announced it would be transporting medical supplies, mail, electronics and more as part of its first cargo-only flights in 36 years, utilizing a passenger aircraft grou...
American Airlines to operate 1st cargo-only flight in 36 years due to coronavirus
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The Motley Fool
2020-03-20 18:16:00
https://www.fool.com/investing/2020/03/20/private-jet-industry-requests-coronavirus-bailout.aspx
Many operators have seen soaring sales as commercial flights are cancelled.
Private Jet Industry Requests Coronavirus Relief Despite Reports of Booming Business
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CNBC Television
2020-03-20 16:29:19
https://www.youtube.com/watch?v=BnNVPh82qrY
CNBC's Phil LeBeau reports that airline ticketing revenue dropped 61% this week due to the ongoing coronavirus outbreak.
Airline ticketing revenue dropped 61% during week of 3/15
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The Motley Fool
2020-03-20 15:32:00
https://www.fool.com/investing/2020/03/20/why-airline-shares-climbed-and-then-fell-on-friday.aspx
To bail out, or not to bail out, that is the question.
Why Airline Shares Climbed, and Then Fell, on Friday
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Forbes
2020-03-20 14:07:09
https://www.forbes.com/sites/tedreed/2020/03/20/american-airlines-closes-flight-attendant-training-center-early-due-to-reported-covid-19-case/
An American Airlines flight attendant apparently tested positive for Covid-19, which has led the airline to speed up the planned temporary shutdown of its flight attendant training center in Fort Worth.
American Airlines Closes Flight Attendant Training Center Early Due To Reported Covid-19 Case
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Market Watch
2020-03-20 13:07:18
https://www.marketwatch.com/story/guid/0e2032fe-46bd-4d9a-94e9-969b7690452b
Fitch Ratings downgraded American Airlines [a: aal] rating to B+ from BB-on Friday and revised the outlook to negative from stable, as demand has fallen sharply and capacity has been but following the outbreak of the coronavirus that causes COVID-19.
Fitch downgrades American Airlines rating to B-plus as coronavirus decimates demand
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Seeking Alpha
2020-03-20 12:52:24
https://seekingalpha.com/article/4333287-scaling-positions-options-provide-many-cheaper-ways-to-profit-downside-protection
Scaling Into Positions - Options Provide Many Cheaper Ways To Profit With Downside Protection
Scaling Into Positions - Options Provide Many Cheaper Ways To Profit With Downside Protection
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The Motley Fool
2020-03-20 10:38:00
https://www.fool.com/investing/2020/03/20/critics-attack-airline-buybacks-as-executives-seek.aspx
Now is not the time to let perfection be the enemy of the good.
Critics Attack Airline Buybacks as Executives Seek Coronavirus Bailout: Here's What They're Missing
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Benzinga
2020-03-20 10:02:30
https://www.benzinga.com/news/20/03/15616415/american-airlines-launches-freighter-service-using-passenger-planes
The first American Airlines Group Inc. (NASDAQ: AAL) passenger plane to only fly cargo will depart Dallas Fort Worth International Airport Friday for Frankfurt Airport in Germany, as the airline looks to put idle assets to work moving trade instead of travelers during the coronavirus crisis.
American Airlines Launches Freighter Service Using Passenger Planes
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InvestorPlace
2020-03-20 09:54:37
https://investorplace.com/2020/03/only-one-thing-matters-for-american-airlines-aal-stock-right-now/
American Airlines has plunged amid coronavirus fears. Given its debt, AAL stock likely can't survive without government help.
Only One Thing Matters for American Airlines Stock Right Now
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CNBC Television
2020-03-20 08:12:05
https://www.youtube.com/watch?v=xzSKMMUgQJo
CNBC's "Squawk Box" team is joined by Nicholas Calio of Airlines of America, a trade group, to discuss why the government should bail out the airlines amid the coronavirus pandemic.
Airlines are going to lose $10-12 billion a month amid coronavirus, says Airlines for America's Cali
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Seeking Alpha
2020-03-20 00:56:52
https://seekingalpha.com/article/4333181-comparing-liquidity-and-opex-airline-companies
It is going to be a very rough year for airline companies and their ability to survive will probably depend on government support.
Comparing Liquidity And OPEX At Airline Companies
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Reuters
2020-03-19 21:07:29
https://www.reuters.com/article/us-health-coronavirus-latam-airlines/latin-american-airlines-slash-flights-salaries-in-response-to-coronavirus-idUSKBN2163U2
Latin America's major airlines sharply curtailed international flights on Thursday because of the coronavirus outbreak as Panama and Colombia imposed month-long travel bans and the largest carrier cut the salaries of 43,000 employees.
Latin American airlines slash flights, salaries in response to coronavirus
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TechCrunch
2020-03-19 19:11:57
https://techcrunch.com/2020/03/19/american-airlines-will-use-passenger-planes-for-cargo-only-flights-to-europe/
American Airlines today announced that it will fly a handful of cargo-only flights to Europe, using its standard 777-300 passenger planes, over the course of the next few days. The company says these flights will carry medical supplies, mail for active U.S.
American Airlines will use passenger planes for cargo-only flights to Europe
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Reuters
2020-03-19 17:16:33
https://www.reuters.com/article/us-health-coronavirus-mnuchin-airlines/u-s-airlines-double-down-on-request-for-cash-as-senate-leader-touts-loans-idUSKBN2162H2
Major U.S. airlines on Thursday doubled down on a request for government cash grants even as Senate Majority Leader Mitch McConnell suggested assistance would be in the form of loans.
U.S. airlines double down on request for cash as senate leader touts 'loans'
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The Motley Fool
2020-03-19 16:41:00
https://www.fool.com/investing/2020/03/19/american-airlines-ceo-says-coronavirus-crisis-is-w.aspx
The airline industry is hit with its second existential crisis in two decades.
American Airlines CEO Says The Coronavirus Crisis Is Worse Than 9/11: Is He Right?
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New York Post
2020-03-19 14:45:13
https://nypost.com/2020/03/19/american-airlines-to-cut-75-percent-of-international-flights/
American Airlines plans to cut 75 percent of its international flights through May 6 and ground nearly all its widebody fleet. The move comes as carriers across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak and the companies respond by scrapping flights and ditching financi...
American Airlines to cut 75 percent of international flights
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Reuters
2020-03-19 14:21:24
https://www.reuters.com/article/us-health-coronavirus-american-airline/american-airlines-says-bookings-still-falling-working-on-more-flight-cuts-idUSKBN2163GZ
American Airlines Group Inc is working on more network reductions "in real-time" as it sees booking continuing to decline, President Robert Isom told employees in a letter on Thursday.
American Airlines says bookings still falling, working on more flight cuts
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CNBC
2020-03-19 13:18:14
https://www.cnbc.com/2020/03/19/american-airlines-ceo-says-the-coronavirus-crisis-is-worse-than-911-for-the-industry.html
With the COVID-19 outbreak that has brought global demand for flights to a near standstill, there's no indication of when it might end.
American Airlines CEO says the coronavirus crisis is worse than 9/11 for the industry
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CNBC Television
2020-03-19 13:17:33
https://www.youtube.com/watch?v=US7Ycb3rXOk
CNBC's Phil LeBeau reports on his conversation with American Airlines CEO Doug Parker about the airline industry amid the coronavirus pandemic.
American Airlines CEO: Worst crisis I've ever seen in the airline industry
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The Motley Fool
2020-03-19 11:57:00
https://www.fool.com/investing/2020/03/19/heres-why-airline-stocks-are-falling-again-today.aspx
Everyone is waiting for word out of Washington.
Here's Why Airline Stocks Are Falling Again Today
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InvestorPlace
2020-03-19 10:07:57
https://investorplace.com/2020/03/even-a-bailout-cant-save-american-airlines-stock-now/
American Airlines could see a $50 billion bailout from the U.S. government, but AAL stock has been losing money since 2013.
Even a Bailout Can’t Save American Airlines Stock Now
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