LATAM becomes largest airline yet driven to bankruptcy by coronavirus

05/26/2020

(Reuters) – LATAM Airlines Group (LTM.SN), the continent’s largest carrier, filed for U.S. bankruptcy protection on Tuesday, becoming the world’s largest carrier so far to seek an emergency reorganization due to the coronavirus pandemic. The filing highlights the financial weakness of Latin America’s carriers, following […]

U.S. airlines call for payroll protections as aid talks continue

03/21/2020

CHICAGO/WASHINGTON (Reuters) – U.S. airlines called on Friday for a government stimulus package meant to help them weather the coronavirus crisis by providing payroll protections, warning that around 750,000 jobs depend on the airline industry. A Republican proposal introduced in the U.S. Senate on Thursday […]

Airline industry turmoil deepens as coronavirus pain spreads

03/19/2020

SYDNEY/WASHINGTON (Reuters) – Airline industry turmoil deepened on Thursday as Qantas Airways Ltd (QAN.AX) told most of its 30,000 employees to take leave and India prepared a rescue package of up to $1.6 billion to aid carriers battered by coronavirus, government sources said. The U.N.’s […]

Governments offer airlines aid as coronavirus drives deeper flight cuts

03/18/2020

SYDNEY (REUTERS) – Australia on Wednesday (March 18) joined a growing list of countries offering financial aid to its ailing aviation sector as global airlines announced deeper capacity cuts due to plummeting demand and stricter border controls associated with the coronavirus. With airlines halting plane […]