Niraj Chokshi – 5h ago United Airlines said it would temporarily stop flying in and out of Kennedy International Airport in New York at the end of October after struggling to gain a competitive foothold there. In the year ending in September, United operated fewer than 3,000 flights in and out of Kennedy Airport, accounting for less
Airlines close books on rotten 2020 and so far, 2021 is grim
By DAVID KOENIG The Associated Press DALLAS (AP) — Just how bad was 2020 for the airline industry? The six biggest U.S. airlines lost $34 billion, and Southwest suffered its first full-year loss since Richard Nixon was president and gasoline sold for 36 cents a gallon. It was a disaster for airlines, worse than 9/11
How Much of Airlines’ Revenue Comes From Business Travelers?
By Investopedia Airlines receive only about 60% of their revenue from passengers directly (the other 40% comes from selling frequent-flier miles to credit card companies and other travel partners like hotels and car rental agencies). But of that 60% of passenger consumer revenue, the big money comes from business travelers – as opposed to those
Airline Furloughs Begin as Congress, White House Remain at Impasse
Madhu Unnikrishnan More than 30,000 airline employees face furloughs today after the CARES Act payroll support program expired yesterday. Washington remains deadlocked on further airline aid, although there is bipartisan support for extending the program. In a letter to employees, American CEO Doug Parker said the airline will begin the process of furloughing 19,000 employees