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Tag: billion

Travel News

Coronavirus pushes United Airlines (UAL) to a $1.6 billion loss in second quarter

July 22, 20201 min read Aaron Dillon

A United Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images United AirlinesĀ posted a $1.62 billion net loss for the second quarter, driven

airlines, billion, Coronavirus, loss, pushes, quarter, UAL, United
Travel News

Delta expects to write off up to $3.3 billion on buyouts, early retirements

July 15, 20202 min read Aaron Dillon

An airport worker guides a Delta Air Lines Airbus A319-100 plane on the tarmac at LAX in Los Angeles, California, U.S., January 6, 2020. Lucy

billion, buyouts, Delta, early, expects, retirements, write
Travel News

Pandemic sours Delta’s investments in foreign airlines, costing $2 billion

July 15, 20202 min read Aaron Dillon

Aeromexico airplanes at the Mexico City International Airport. John Gress | Corbis | Getty Images Delta Air LinesĀ spent years amassing equity stakes in foreign airlines

airlines, billion, costing, Deltas, foreign, investments, pandemic, sours
Travel News

Airlines may lose $84 billion in 2020, but IATA offers roadmap for recovery

June 25, 20203 min read Aaron Dillon

Not too long ago, the airline industry was preparing for a surge in passengers, with the International Air Transport Association (IATA) forecastingĀ 8.2 billion air travelers

airlines, billion, IATA, lose, offers, recovery, roadmap
Travel News

United taps frequent flyer program to back $5 billion loan, sees cash burn easing

June 15, 20202 min read Aaron Dillon

A United Airlines plane prepares to take off at the Benito Juarez International airport in Mexico City, on March 20, 2020. Pedro Pardo | AFP

billion, burn, cash, easing, flyer, frequent, loan, program, sees, taps, United
Travel News

This $100 billion dollar industry shut down by coronavirus is about to reopen

June 14, 20204 min read Aaron Dillon

An Orange County Convention Center employee replaces a sanitizer station ahead of the center’s reopening in July 2020. Source: Orange County Convention Center Today it

billion, Coronavirus, dollar, industry, reopen, shut
Travel News

Air-France KLM to receive up to $12 billion in state aid

April 27, 20203 min read Aaron Dillon

The Air France-KLM group’s new logo is pictured during the group’s 2018 financial year presentation in Paris on February 20, 2019. ERIC PIERMONT Air France-KLM

aid, AirFrance, billion, KLM, receive, state
Travel News

Airbnb raises another $1 billion in debt

April 15, 20202 min read Aaron Dillon

Airbnb CEO Brian Chesky at The New York Times Dealbook event on November 6, 2019. Credit: Mike Cohen/ The New York Times A week after

Airbnb, billion, debt, raises
Travel News

Coronavirus aid bill moves ahead with $32 billion in airline worker protections

March 26, 20202 min read Aaron Dillon

Digital signs in the baggage claim area at McCarran International Airport display guidelines from the Centers for Disease Control and Prevention on protection from the

ahead, aid, airline, bill, billion, Coronavirus, moves, protections, worker
Travel News

Lawmakers near deal on $25 billion in grants for airlines

March 25, 20202 min read Aaron Dillon

People walk through a sparse international departure terminal at John F. Kennedy Airport (JFK) as concern over the coronavirus grows on March 7, 2020 in

airlines, billion, deal, grants, Lawmakers

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