Treasury Department finalized terms of loans to five major airlines as part of an aid program to help the industry weather the coronavirus pandemic. The Treasury said that American Airlines Group Inc. (AAL), Frontier Airlines, Hawaiian Airlines, SkyWest Airlines and Spirit Airlines Inc. (SAVE) had agreed to loan terms and signed letters of intent. Air travel fell sharply this spring as government restrictions on travel and fears of infection kept passengers from flying.
American Airlines (AAL) on Thursday forecast a 25% drop in its long-haul international summer capacity in 2021 over 2019, as the carrier curtails operations to cope with a slump in travel demand because of the COVID-19 pandemic. The company will also discontinue several international routes that were once popular leisure destinations but are now expected to see decreased demand.
- American Airlines (AAL) on Thursday forecast a 25% drop in its long-haul international summer capacity in 2021 over 2019, as the carrier curtails operations to cope with a slump in travel demand because of the COVID-19 pandemic. The company will also discontinue several international routes that were once popular leisure destinations but are now expected to see decreased demand.
The downturn in central European manufacturing eased markedly in June as economies reopened after the coronavirus lockdown, surveys showed on Wednesday, but the sector was still some way from returning to growth. Manufacturing output plunged as the pandemic brought many plants to a standstill in March and April.
RateLinx, a leading supply chain, freight audit, and logistics visibility platform just announced a new, complimentary freight audit analysis available for shippers looking to improve transportation efficiencies and effectively implement cost-savings initiatives.
Last fall, European Space Agency satellites detected huge plumes of the invisible planet-warming gas methane leaking from the Yamal pipeline that carries natural gas from Siberia to Europe.
Last fall, European Space Agency satellites detected huge plumes of the invisible planet-warming gas methane leaking from the Yamal pipeline that carries natural gas from Siberia to Europe.
Gulftainer, the world’s largest privately owned, independent port operator and parent company of GT USA Wilmington and GT USA Canaveral, announced today the launch of the Future of Ports Startup Challenge 2020 to identify startups from across the globe with the ambition to lead the transformation of the port management and logistics industries.
* U.S. carriers fall amid fears of a virus resurgence. * American Airlines (AAL) to raise $3.5 bln in new financing. * Virgin Galactic (SPCE) rises on deal for private space missions. * Indexes up: Dow 0.53%, S&P 0.60%, Nasdaq 0.90% By Medha Singh.
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