Tag: airline industry

'Get your act together', American Airlines CEO urges Boeing

Boeing: ‘Get your act together’, urges American Airlines CEO

American Airlines CEO, Robert Isom, has urged Boeing to "get your act together" amid the ongoing safety crisis that has engulfed the plane maker since a door panel blew off an Alaska Airlines plane mid-flight in January. Isom reaffirmed the airline's commitment to the manufacturer but said Americ...

IATA predicts $95bn airlines cash burn in 2021 due to Covid-19

IATA predicts $95bn airlines cash burn in 2021 due to Covid-19

By Edward Robertson IATA is warning the world’s airline industry faces another bad year with 2021 expected to be cash negative as airlines burn between $75 billion and $95 billion just to stay in business. The money required to keep airlines in business is nearly double the previously predic...

Airline industry needs up to another $80bn to survive pandemic

Airline industry needs up to another $80bn to survive pandemic

By Jonathan Josephs, BBC News The world's airlines need another $70-$80bn of government support to get through the crisis caused by the coronavirus pandemic. That's according to the head of the International Air Transport Association (IATA), which is the trade association for t...

Airline industry official defends response to pandemic

By DAVID KOENIG AP Airlines Writer The airline industry has been shaken to its core by the pandemic, pushing some foreign carriers into bankruptcy and driving a few small U.S. ones out of business. Leaders of the large airlines were stunned when the CEO of Boeing predicted during a nationally te...

Looming Cash Crisis Threatens Airlines

Looming Cash Crisis Threatens Airlines

The International Air Transport Association (IATA) warned that the airline industry will burn through $77 billion in cash during the second half of 2020 (almost $13 billion/month or $300,000 per minute), despite the restart of operations. The slow recovery in air travel will see the airline industry...

APEX Calls for Quarter-Trillion Dollars in Support of Global Airline Industry

​​​In alignment with leading airlines and associations, APEX (Airline Passenger Experience Association) today expanded its call for government action calling for a quarter-trillion dollars (USD $250 billion) of global government support for the airline industry in response to COVID-19. ...

Former CEO of Southwest Airlines Jim Parker passes away

Former CEO of Southwest Airlines Jim Parker passes away

Former Southwest Airlines chief executive officer (CEO) Jim Parker passed away aged 72 unexpectedly on Saturday night (26 January) after dinner with very good friends. He was CEO at the US carrier for three years, leading them through the tough times during the 2001 9/11 tragedy in New York and d...

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