United sees revenue stalling at 50% without a virus vaccine

United Airlines executives said Wednesday that travel will rise when the number of new coronavirus cases drops but airline revenue will stall around 50% of pre-pandemic levels until there is a vaccine. No doubt United would settle for 50% of normal sales right now. Its revenue plunged 89% in the second quarter, pushing the Chicago […]

United will warn 36,000 workers they could be laid off

United Airlines is warning 36,000 employees – nearly half its U.S. staff – they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry. The outlook for a recovery in air travel has dimmed in just the past two weeks, as infection rates rise in […]

American Airlines warns 25,000 workers they could lose jobs

American Airlines is notifying about 25,000 workers that their jobs could be eliminated in October because of plunging demand for air travel, adding to the toll that the virus pandemic is taking on the airline industry.

NBC resets focus for Tokyo while looking ahead to Beijing

When Molly Solomon took over as executive producer and president of NBC’s Olympics production unit last November, she expected to be in Tokyo right now with the games in full swing. But with the Summer Olympics postponed a year due to the coronavirus pandemic, Solomon and her team have reset their countdown clocks while trying […]

Fauci, CDC chief raise concerns about full airline flights

The government’s top experts in infectious diseases on Tuesday criticized American Airlines’ decision to pack flights full while the coronavirus outbreak continues to grow across much of the United States. “Obviously that is something that is of concern. I’m not sure what went into that decision making,” Dr. Anthony Fauci told a Senate panel. “I […]

Most of Wall Street wilts amid worries on virus, economy

NEW YORK (AP) — Most of Wall Street wilted Thursday on worries that the economy’s recent improvements may be set to fade as coronavirus cases keep climbing. The S&P 500 lost 0.6%, with three in four stocks within the index falling. The sharpest drops hit oil companies, airlines and other stocks whose fortunes are most […]

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