United Airlines (UAL) Tops Q1 EPS by 90c, Revenues Miss

Mnuchin said there is no plans for additional money for airlines at this time - Reuters

April 29, 2020 12:06 PM EDT

Mnuchin said there is no plans for additional money for airlines at this time - Reuters

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British Airways owner bets on costs not bailouts to survive

April 29, 2020 3:46 AM EDT

By Sarah Young

LONDON (Reuters) - A plan to axe up to 12,000 jobs at IAG's British Airways underlines CEO Willie Walsh's desire to survive what is expected to be aviation's worst downturn without a state bailout.

Walsh, a former pilot and industry veteran, is betting that once the coronavirus crisis is over, IAG will be better positioned than rivals which might be beholden to political masters after turning to governments to see them through.

IAG, which also owns Aer Lingus, Iberia and Vueling, has reaped the rewards of past cost cutting that many competitors... More

JetBlue, Delta seek U.S. OK to suspend flights to 25 U.S. airports

April 28, 2020 3:18 PM EDT

By David Shepardson

WASHINGTON (Reuters) - Delta Air Lines (NYSE: DAL), JetBlue Airways Corp (NASDAQ: JBLU) and Spirit Airlines (NYSE: SAVE) on Tuesday asked the U.S. Transportation Department for approval to suspend flights to more than two dozen U.S. airports.

U.S. travel demand has fallen by more than 95% because of the coronavirus pandemic and airports are trying to cut costs to stay in business.

JetBlue wants to halt flights to 16 U.S. airports, including Chicago, Atlanta, Houston, Seattle, Las Vegas,... More

American Airlines (AAL), Other Airlines Hit Session High

April 28, 2020 2:17 PM EDT

American Airlines (NASDAQ: AAL) and other airline stocks gained Tuesday.

American Airlines +14%United Airlines (NASDAQ: UAL) +11%Delta Air Lines (NYSE: DAL) +10%Southwest Airlines (NYSE: LUV) +2.7%JetBlue Airways (NASDAQ: JBLU) +12.2%Alaska Air Group (NYSE: ALK) +14.7%
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Trump Looking at Virus Test Requirement for Intl. Flights - Bloomberg

April 28, 2020 11:56 AM EDT

Trump Looking at Virus Test Requirement for Intl. Flights - Bloomberg

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Southwest cuts Boeing jet deliveries after first quarterly loss in nine years

April 28, 2020 6:12 AM EDT

By Tracy Rucinski

(Reuters) - Southwest Airlines Co (NYSE: LUV) said on Tuesday it has agreed with Boeing Co (NYSE: BA) to sharply cut its 737 MAX delivery schedule through 2021 and is reviewing its order book as the coronavirus pandemic caused its first quarterly loss in nine years.

Southwest, which only operates Boeing 737s and is the world's largest customer of the grounded 737 MAX, will take no more than 48 new 737 MAX jets before Dec. 2021, a fraction of the 123 it had originally scheduled.

However, it has... More