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Tuesday, January 19, 2021

Airlines

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American Airlines swings to another quarterly loss of £1.84 billion in Q3.

American Airlines swings to another quarterly loss of £1.84 billion in Q3. The U.S. air carrier reports a 73% annualised decline in Q3 revenue. American Airlines...

United Airlines’ sales tank 78% in Q3 due to the COVID-19 restrictions.

United Airlines’ sales tank 78% in Q3 due to the COVID-19 restrictions. The air carrier reports £1.92 billion of revenue in the fiscal...

American Airlines secures £4.32 billion in government loan.

American Airlines secures £4.32 billion in government loan. It closed a £940 million debt offering with Goldman Sachs. Southwest and Delta Airlines will not tap into...

Turkish Airlines plans aggressive pay cuts amidst COVID-19.

Turkish Airlines plans aggressive pay cuts to shore up finances amidst COVID-19. Pilots will see a 50% cut on salaries, cabin crew 35%, and other...

United Airlines stock price soars after cutting 2,850 pilot jobs

United Airlines announced it will cut 2,850 pilot jobs this year, 21% of its total pilot staff The airline plans to execute the job cuts...
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