Delta posts $5.4B loss as coronavirus pandemic batters airline industry
Delta's CEO sees more cash bleed through the spring as the coronavirus pandemic continues to batter the travel industry.
Stocks slip as Eli Lilly halts COVID-19 trials, banks cautious on recovery
U.S. banks are in good shape depsite the COVID-19 pandemic.
Push for more airline aid gains traction as industry warns of more job cuts
A push for piecemeal legislation to help pandemic-stricken U.S. airlines is gaining traction among Democrats and Republicans as the industry warned of "many more job losses" in coming weeks.
Pelosi, Mnuchin signal openness to $25B bailout for US airlines after Trump reverses course on stimulus
House Speaker Nancy Pelosi signaled openness to a standalone coronavirus relief bill for the pandemic-stricken airline industry on Wednesday morning during a phone call with Treasury Secretary Steven Mnuchin.
Delta delays decision to furlough up to 2,000 pilots until Nov. 1, union says
Delta Air Lines has delayed a decision to furlough close to 2,000 pilots until Nov. 1, the union representing its pilots said Tuesday.
United Airlines, unions call for 6-month extension of federal aid, restart of stimulus negotiations
The airline and unions are also asking that the latest stimulus package include a clean six-month extension of funding for the Payroll Support Program, which requires airlines to keep their employees on the payroll through Oct. 1.
Delta takes a 'mortgage' out on frequent flier SkyMiles for $6.5B
Delta's frequent flier program has more than 100 million members and generated $6.1 billion in cash in 2019 from sales of miles to its SkyMiles credit card partner American Express, SkyTeam airlines and other partners. The partners offer Delta miles to their customers as incentives for purchases and other transactions.
Delta to avoid most involuntary furloughs, but pilots still face layoffs
Delta Air Lines said Tuesday it will avoid involuntary furloughs for most frontline employees except pilots.
Airlines face wave of layoffs amid coronavirus-aid impasse
Thousands of airline workers are bracing for layoffs at the end of the month unless Congress overcomes a monthlong stalemate.
Airlines banned more than 700 passengers over mask violations: report
Six major U.S. airlines have banned a total of 738 passengers for not wearing masks, according to a recent report.
Virgin Atlantic to cut over 1,000 more jobs as demand languishes
Sky News is reporting that Virgin Atlantic is preparing to cut more than 1,000 jobs
Trump: 'We'll be helping the airlines' as furloughs loom
Demand for air travel shows little signs of picking up.
American Airlines joins Delta, United and waives change fees
American Airlines will join competitors Delta and United on eliminating change fees in an effort to boost travel demand that has been slammed by the coronavirus pandemic.
Delta becomes first airline to install hand sanitizer stations on planes
Delta Air Lines has begun installing hand sanitizer stations on board its planes, making it the first U.S. airline to do so.
Delta has put 240 people on 'no fly list' for not wearing masks, CEO says
There is no U.S. federal mandate on masks in airports or on airplanes, leaving U.S. airlines to enforce their own rules.
White House looking at executive action to halt airline furloughs, layoffs: Meadows
White House chief of staff Mark Meadows said Wednesday that if Congress does not take action, President Trump is prepared to take executive action to help airline workers.
Richard Branson's Virgin Atlantic closes in on $1.6 billion rescue plan
LONDON - Virgin Atlantic's creditors will vote on a 1.2 billion pound ($1.6 billion) rescue plan on Tuesday in a crucial test of the airline's ability to survive in an industry devastated by the COVID-19 pandemic.
Delta Air Lines to furlough 1,941 pilots in October: memo
Delta Air Lines is set to furlough 1,941 pilots in October, the carrier said in a memo seen by Reuters on Monday that noted the fallout from the COVID-19 pandemic and plunging air travel demand.
Airlines amplify cleaning in coronavirus fight: American, Delta double down with new protocol
Two major airlines are doubling down with enhanced cleaning protocol.
Delta Air Lines plans to resume more flights on international routes
Delta said its resumed service would include daily flights from Seattle to Tokyo, Seoul, Beijing and Shanghai