American Airlines seeks $3.5 billion in new financing to improve liquidity

American Airlines

American Airlines Group Inc stated on Sunday it prepares to secure US$3.5 billion in new financing, to improve the airline’s liquidity as it deals with travel restrictions led by the coronavirus crisis. The company prepares to raise $1.5 billion by selling shares and convertible senior notes due 2025, the airline stated. Furthermore, the airline said […]

Cathay Pacific faces ‘substantial loss’ due to coronavirus

Cathay Pacific

Cathay Pacific Airways, among Hong Kong’s most prominent businesses, warned Wednesday it is dealing with a “substantial loss” in the first half of this year because of the coronavirus outbreak after last year’s profit dropped amid anti-government protests. The Chinese territory’s main airline canceled 90% of its flight capacity to the mainland China at the […]

Coronavirus outbreak could cost airlines $113 billion, says airline industry group

International Air Transport Association (IATA)

The International Air Transport Association states the coronavirus outbreak that started in China could cost airlines as much as $113 billion in lost revenue because of the collapse of air travel. Representatives of the airline industry group stated Thursday after a working meeting in Singapore that the industry urgently needs assistance from governments in waiving […]

Delta Air Lines fined $50,000 for booting off 3 Muslim passengers

Delta Air Lines

Delta Air Lines is being fined $50,000 for asking three Muslim passengers to get off planes even after the airline’s own security officials had cleared them to travel. Delta rejected that it discriminated against the passengers in two different incidents but agreed it could have managed the situations differently, according to a consent order issued […]

New regulations could bump emotional-support animals from planes

Animals on Planes

The times of passengers bringing their pets on airplanes as emotional-support animals could be seeing its end soon. The U.S. Department of Transportation on Wednesday proposed that only specially trained dogs eligible as service animals, which must be permitted in the cabin at no charge. Airlines could prohibit emotional-support animals including untrained dogs, cats and […]

United Airlines increases profit on more revenue, cheaper fuel

United Airlines

United Airlines reported Tuesday that higher revenue and cheaper fuel helped increase its fourth-quarter profit by almost 40%, to $641 million. The airline’s forecast of first-quarter earnings has beaten Wall Street expectations. It is kinda unclear sailing for United, however. The financial report came the same day that United shares fell on the fear that […]