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  • Airlines Apply for Government Aid but Say Outlook Is Dire -- Update

    Several U.S. airlines on Friday applied for government funds to keep paying workers, but say they still need more cash as they face an existential crisis that doesn't look likely to abate soon. Major airlines including American Airlines Group Inc. (AAL), Delta Air Lines Inc. (DAL), United Airlines Holdings Inc. (UAL), JetBlue Airways Corp. (JBLU) and Southwest Airlines Co. (LUV) submitted applications for the government grants authorized under the $2 trillion stimulus package passed last week.

  • Correction to Airlines Aid Article

    Airlines Apply for Government Aid but Say Outlook Is Dire, "at 1925 ET, incorrectly stated Delta Air Lines Inc. (DAL) expects second-quarter revenue to fall $90 million in the seventh paragraph. It expects revenue to be down 90%. (END) Dow Jones Newswires 04-03-20 2013 ET Copyright (c) 2020 Dow Jones& Company, Inc..

  • Airlines Apply for Government Aid but Say Outlook Is Dire

    Several U.S. airlines on Friday applied for government funds to keep paying workers, but say they still need more cash as they face an existential crisis that doesn't look likely to abate soon. American Airlines Group Inc. (AAL), Delta Air Lines Inc. (DAL), United Airlines Holdings Inc. (UAL), and JetBlue Airways Corp. (JBLU) submitted applications for the government grants authorized under the $2 trillion stimulus package passed last week. Southwest Airlines Co. (LUV) has previously said it would apply.

  • U.K. Balks at Wholesale Airlines Bailout, Clouding Global Recovery Efforts

    LONDON-- The U.K. is balking at a full-scale bailout of its airlines, telling British carriers to seek out private-sector remedies first and making clear the uneven hurdles the global aviation industry faces in finding ways to survive the fallout of the new coronavirus outbreak. Airlines around the world have furloughed workers, cut pay and canceled flights-- some grounding nearly all of their flying capacity-- to weather a collapse in demand by travelers and a patchwork of travel...

  • Boeing Looks for Ways to Save Cash -- WSJ

    This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. Boeing Co. (BA) is considering cutting its dividend and possibly laying off workers at its jetliner plants, people familiar with the matter said, as America's largest manufacturer grapples with an unprecedented disruption to the global airline industry. The coronavirus-driven collapse in passenger traffic has forced...

  • Boeing Considers Dividend Cut, Layoffs Amid Cash Drain--2nd Update

    Boeing Co. (BA) is considering cutting its dividend and possibly laying off workers at its jetliner plants, people familiar with the matter said, as America's largest manufacturer grapples with an unprecedented disruption to the global airline industry. The coronavirus-driven collapse in passenger traffic has forced airlines to park hundreds of planes and left them unwilling to take new ones, even as Boeing (BA) works to overcome the yearlong grounding of its 737 MAX.

  • Boeing Considers Dividend Cut, Layoffs Amid Cash Drain--Update

    Boeing Co. (BA) is considering cutting its dividend and possibly laying off workers at its jetliner plants, people familiar with the matter said, as America's largest manufacturer grapples with an unprecedented disruption to the global airline industry. The coronavirus-driven collapse in passenger traffic has forced airlines to park hundreds of planes and left them unwilling to take new ones, even as Boeing (BA) works to overcome the yearlong grounding of its 737 MAX.

  • Boeing Considers Dividend Cut, Layoffs Amid Cash Drain

    Boeing Co. (BA) is considering cutting its dividend and possibly laying off workers at its jetliner plants, people familiar with the matter said, as America's largest manufacturer grapples with an unprecedented disruption to the global airline industry. The coronavirus-driven collapse in passenger traffic has forced airlines to park hundreds of planes and left them unwilling to take new ones, as Boeing (BA) was still trying to overcome the yearlong grounding of its 737 MAX.

  • Boeing Asks for $60 Billion in Aid for U.S. Aerospace Industry

    Boeing Co. (BA) said it was seeking at least $60 billion to aid the U.S. aerospace industry as the plane maker, its suppliers and airline customers face fallout from the growing coronavirus crisis. The Chicago-based giant said late Tuesday it was asking for support from private and public sources to aid it and the broader aerospace manufacturing sector. Boeing (BA) said the liquidity would include loan guarantees.

  • Airlines Seek $50 Billion Aid Package -- 3rd Update

    By Alison Sider in Chicago and Ted Mann in Washington. Reeling from the coronavirus crisis, U.S. airlines are seeking over $50 billion in financial assistance from the government, more than three times the size of the industry's bailout after the Sept. 11 attacks. The exact form of the aid-- and the amount-- is under discussion with Trump administration officials and congressional leaders.

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