Airlines

FILE - In this Tuesday, April 7, 2020, file photo, Delta flight is shown taking off from Salt Lake City International Airport, in Salt Lake City. Treasury Secretary Steven Mnuchin said Tuesday, April 14, 2020, that the nation's major airlines have tentatively agreed to terms for $25 billion in federal aid to pay workers and keep them employed through September. The deals aren't final, but the assistance is almost certain to be a mix of cash and loans, and the government could take a small ownership stake in the leading airlines. (AP Photo/Rick Bowmer, File)
April 14, 2020 - 8:36 pm
The nation’s biggest airlines have tentatively agreed to terms for $25 billion in government aid to pay workers and avoid massive layoffs in an industry that has been slammed by the coronavirus pandemic. The assistance will include a mix of cash and loans, with the government getting warrants that...
Read More
President Donald Trump listens as Treasury Secretary Steven Mnuchin speaks about the coronavirus in the James Brady Press Briefing Room at the White House, Monday, April 13, 2020, in Washington. (AP Photo/Alex Brandon)
April 13, 2020 - 8:34 pm
The Treasury Department and leading airlines continued negotiating Monday over terms of coronavirus-relief payments, with Treasury sticking to a proposal that could give the government an ownership stake in the nation's leading carriers. Treasury Secretary Steven Mnuchin said agreements with the...
Read More
April 13, 2020 - 3:06 pm
FRANKFURT, Germany (AP) — The parent company of Polish airline LOT is pulling out of its takeover bid of for German vacation carrier Condor, a subsidiary of collapsed tour operator Thomas Cook, Condor said Monday. The collapse of the deal leaves Condor, which has been profitable, and its 4,900...
Read More
American Airlines planes stored at Pittsburgh International Airport sit idle on a closed taxiway in Imperial, Pa., on Tuesday, March 31, 2020. As airlines cut more service, due to the COVID-19 pandemic, Pittsburgh International Airport has closed one of its four runways to shelter in place 96 planes, mostly from American Airlines, as of Monday, March 30, 2020. The airport has the capacity to store 140 planes. (AP Photo/Gene J. Puskar)
April 10, 2020 - 8:52 pm
The Trump administration is proposing that a significant amount of the $25 billion in cash that airlines expected to keep workers on the job will instead be low-interest loans that big airlines will have to repay, according to two people familiar with the matter. The Treasury Department began...
Read More
FILE - In this March 25, 2020 file photo, a closed sign hangs in the window of a shop in Portsmouth, N.H., due to caronavirus concerns. The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to suport American households and businesses as well as local governments as they deal with the coronavirus. The Fed said Thursday, April 9, among the actions it is taking is the activation of a Main Street Lending Program that was authorized by the $2.3 trillion economic relief bill pass by Congress last month. (AP Photo/Charles Krupa, File)
April 09, 2020 - 2:00 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the global economy, the work place and the spread of the virus. ___________________ GLOBAL SHOCK: There is no place on earth inhabited by humans that is...
Read More
Home Depot customers carry their purchases as they leave the store, Friday, April 3, 2020 during the coronavirus pandemic in New York. (AP Photo/Mark Lennihan)
April 03, 2020 - 7:15 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Friday related to the global economy, the work place and the spread of the virus. ____________ COSTS MOUNT: The pandemic will cost the global economy as much as $4.1...
Read More
An Indian policeman wearing a virus themed helmet rides on a horse during an awareness rally aimed at preventing the spread of new coronavirus in Hyderabad, India, Thursday, April 2, 2020. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Mahesh Kumar A.)
April 02, 2020 - 4:37 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Thursday related to the global economy, the work place and the spread of the virus. ____________ ZOOM: At the end of last year, the video-conferencing company Zoom had...
Read More
FILE - In this Dec. 1, 2019 file photo, Parliament Speaker Ali Larijani gives a press conference in Tehran, Iran. Iran's parliament said Thursday, April 2, 2020 that speaker Ali Larijani has tested positive for the new coronavirus and is in quarantine. (AP Photo/Vahid Salemi, File)
April 02, 2020 - 3:12 pm
TEHRAN, Iran (AP) — Iran’s parliament speaker has contracted the new coronavirus, the country's highest-ranking government figure yet to catch the disease, while in Israel, several top officials entered quarantine when the health minister tested positive on Thursday. Iran's parliament announced Ali...
Read More
Phu Dang, left, the owner of i5 Pho restaurant, gets help from a contractor as he boards up his business, Monday, March 30, 2020, in Seattle's downtown Pioneer Square neighborhood. Dang closed his business to dine-in customers earlier in the month and had tried doing takeout only food in response to the new coronavirus pandemic, but he said his location did not attract enough customers for take out and he decided to fully close for the time being. He said his decision to board up came after a nearby business was broken into over the weekend. (AP Photo/Ted S. Warren)
March 30, 2020 - 8:27 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments on Monday related to the global economy, the work place and the spread of the virus. _______ AIR CARE: Britain’s health service is asking airline cabin crew who have been...
Read More
A man walks by an electronic stock board of a securities firm in Tokyo, Monday, March 30, 2020. Asian shares started the week with further losses as countries reported surging numbers of infections from the coronavirus that has prompted shutdowns of travel and business in many parts of the world.(AP Photo/Koji Sasahara)
March 29, 2020 - 10:52 pm
BANGKOK (AP) — Asian shares started the week with fresh losses as countries reported surging numbers of infections from the coronavirus that has prompted shutdowns of travel and business in many parts of the world. Japan's benchmark dropped almost 4% and other regional markets were mostly lower...
Read More

Pages