Southwest building June flight schedule to reflect ‘different phases of recovery’
Southwest Airlines Co said on Tuesday it would publish this week a new flight schedule for June 6 to June 27 with overall flight activity dropping by about 50% while taking into account “different phases of the recovery anticipated ahead.”
Millions of aviation jobs at risk, airlines can’t afford refunds: IATA
Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus travel downturn and the industry’s representative body said airline finances were so fragile they could not afford to refund customers.
Pandemic to wipe out 6.7% of working hours worldwide in second quarter: ILO
The COVID-19 pandemic is expected to wipe out 6.7% of working hours globally in the second quarter of this year, equivalent to the labour of 195 million full-time workers, the International Labour Organization (ILO) said on Tuesday.
U.S. economy will eventually reopen but with big changes: White House’s Kudlow
The Trump administration is aiming to reopen the U.S. economy when the nation’s top health experts give the go-ahead, but Americans’ lives will be drastically different, White House economic adviser Larry Kudlow said on Tuesday.
Honda, Nissan furlough U.S. workers as auto demand plummets
Honda Motor Co and Nissan Motor Co on Tuesday said they had furloughed thousands of workers at their U.S. operations as the coronavirus pandemic slashes demand for cars in the country.
Exclusive: U.S. grants GE license to sell engines for China’s new airplane
The Trump administration on Tuesday granted a license to General Electric Co to supply engines for China’s new COMAC C919 passenger jet, a spokeswoman for the company said.
Wall Street jumps at open on coronavirus slowdown hopes
U.S. stocks jumped at the opening bell on Tuesday, as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures were working.
Big OPEC+ oil output cuts depend on U.S., others joining: sources
Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis.
U.S. finalizes minimum service rules for airlines receiving assistance
The U.S. Transportation Department on Tuesday issued final rules setting minimum service requirements for passenger airlines receiving government financial assistance.
Airlines cannot afford to refund cancelled tickets: IATA
Global airlines cannot afford to refund cancelled flights because of the coronavirus crisis, said the head of the industry’s representative body IATA, and carriers are issuing vouchers instead as they conserve cash to survive.
