American Airlines faces billions in net loss, but CLT remains a top performing hub
American Airlines, the dominant carrier at Charlotte Douglas International Airport, reported major losses in October after seeing air travel dive due to the coronavirus pandemic.But the airline’s hubs at Charlotte and the Dallas Fort Worth International Airport were the “best performing hubs” this quarter compared to last year, airline leaders said.The airline reported a net loss of $2.4 billion in the third quarter, the three months that ended on Sept. 30, according to the airline’s latest financial report.That’s down from a $425 million net income at the same point last year, according to th...
The Charlotte Observer
Alaska Air Group reports $431 million loss as pandemic batters airlines
Alaska Air Group on Thursday reported a third-quarter net loss of $431 million, or $3.49 per share.A year ago, the Seattle-based parent company of Alaska Airlines and regional subsidiary Horizon Air made a profit of $322 million or $2.60 per share in the third quarter.The loss was higher than in the previous three months — the second quarter net loss was $214 million or $1.73 per share — due mainly to $440 million in restructuring charges and one-time write-offs.“We are gaining momentum as we climb our way out of this crisis,” said Alaska Air CEO Brad Tilden. “Each of the last six months has b...
The Seattle Times
Bahamas officially enters Phase 3 of tourism reopening
The Bahamas began the long-awaited process of reopening to tourism again on Thursday, entering Phase 3 of the nation’s Tourism Readiness & Recovery Plan.As of Oct. 15, beaches and major hotels are permitted to open. However, all visitors are required to present proof of a negative COVID-19 (RT-PCR) test taken no more than seven days prior to arrival. Children age 10 and under are exempt from the islands’ testing requirement.After obtaining a negative COVID-19 test result, travelers are then required to apply for a Bahamas Health Travel Visa at travel.gov.bs, where they must upload the test res...
United says 2,700 jobs it cut during the pandemic likely won't return, though it sees 'light at the end of the tunnel'
United Airlines said the 2,700 corporate jobs it has cut since the coronavirus pandemic began likely won’t return, even as CEO Scott Kirby said the airline is starting to see the “light at the end of the tunnel.”“The next 12 to 15 months are still going to be difficult and the recovery will not be a straight line. But we’ve done what we believe it takes to get through,” Kirby said during a call with analysts discussing the company’s third-quarter results. “We can see the recovery on the horizon and our attention can now be firmly focused there.”Still, United executives said they continue to be...
Airline contractors received CARES Act funding, but still cut jobs
The CARES Act funding approved by Congress for the aviation industry was meant to preserve jobs, but didn’t prevent some layoffs and furloughs by airline contractors, an investigation found.While lawmakers consider another round of federal pandemic aid, they are asking the companies awarded money to stop cutting workers.Atlanta-based DAL Global Services, which does contract work for Delta Air Lines and other carriers, is one of 15 companies that got federal stimulus funding but still furloughed or laid off workers, according to a U.S. House subcommittee investigation of the Payroll Support Pro...
The Atlanta Journal-Constitution
Experts weigh in on the best time to book flights for the holidays
In a year like no other, when indoor gatherings are suspect and family gatherings may be scrapped, who knows what the holidays will bring. Fortunately, people still pondering plans — and yet to buy airline tickets — may not be forced to pay for their delay.The usual rise in holiday airfare prices may look more like a bunny hill than a black-diamond peak this year.“Airlines are not being as punitive with fares for Thanksgiving and Christmas and New Year’s. Fares are higher, depending on days you fly on, but not as egregious as it has been in years past,” said Kyle Potter, executive editor at Th...
Star Tribune (Minneapolis)
Delta Air Lines reports $5.4 billion quarterly loss
ATLANTA — Delta Air Lines booked a net loss of $5.4 billion in the third quarter as the company spent billions on buyouts and early retirement packages to cut its workforce and remove hundreds of airplanes from its fleet.About 18,000 employees took buyouts or early retirements, and CEO Ed Bastian said he expects administrative staffing, including at Delta’s Atlanta headquarters, to be about 25% smaller.“Those are long-term charges that we are getting behind us,” Bastian said in an interview with The Atlanta Journal-Constitution.The moves are expected to help the company reduce how much cash it...
The Atlanta Journal-Constitution
Curacao borders reopening to East Coast residents Nov. 1
Curacao will open its borders to residents of New York, New Jersey and Connecticut beginning the first week of November, the first international visitors allowed into the country since the Dutch Caribbean nation closed its borders to U.S. visitors in July due to the COVID-19 outbreak.Beginning next month, the Curacao Tourist Board (CTB) will require visitors from the three East Coast states to present proof of a negative COVID-19 PCR test result taken within 72 hours of traveling and complete a Digital Immigration Card prior to travel.Travelers will be required to submit their negative test re...
Cuba sees 'new normal' in pandemic, and will open some airports for tourist flights
Cuba has announced a series of new openings on the way to a coronavirus “new normal,” including reopening some airports to international tourist flights.Prime Minister Manuel Marrero this week unveiled a three-step plan to “move toward a new normal” and mitigate the economic impact on the island of the COVID-19 crisis and U.S. sanctions.The provinces where airports will be reopened to international flights starting Monday will be Pinar del Río, Artemisa, Mayabeque, Matanzas, Villa Clara, Cienfuegos, Camaguey, Las Tunas, Holguín, Granma, Santiago de Cuba and Guantánamo. The government said Hava...
Delta headquarters employees affected by shrinking of workforce
ATLANTA — Delta Air Lines is eliminating some positions at its Atlanta headquarters as it reshapes its workforce, but also allowing employees whose spots are affected to apply for vacant jobs.The move could lead to more departures of employees, as those who choose to not reapply for jobs can take a buyout.More than 17,000 Delta employees nationally have already taken early retirements and buyouts as it and other airlines struggle to reduce work forces in an industry savaged by the COVID-19 pandemic. Air travel is still down by 65-70% because of the COVID-19 pandemic, according to Transportatio...
The Atlanta Journal-Constitution