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US Treasury Bails Out Pandemic-Hit Airlines With $2.9 Billion Rescue Funds
More than 750,000 people in the United States are directly employed in the airline industry. More than 750,000 people in the United States are directly employed in the airline industry. -
Four Norwegian Air Subsidiaries Go Bankrupt, 4,700 Employees To Lose Jobs
Norwegian Air shares fall 3.5 percent; stock has shed 85 percent of its value year to date. Norwegian Air shares fall 3.5 percent; stock has shed 85 percent of its value year to date. -
US Car Rental Giant Hertz To Lay Off 10,000 Employees As Crisis Deepens
Like the rest of the travel industry, the coronavirus pandemic's impact on Hertz came very fast Like the rest of the travel industry, the coronavirus pandemic's impact on Hertz came very fast -
Virgin Galactic Top Boss Offers His Caribbean Island As Collateral To Save Business
The tycoon said that a loan from the British government will help his airline survive the global health disaster The tycoon said that a loan from the British government will help his airline survive the global health disaster -
United Airlines Loses $2.1 Billion In First Three Months This Year Due To Pandemic
UA said it has applied for $4.5 billion federal funding, in addition to $5 billion in payroll grants to survive crisis UA said it has applied for $4.5 billion federal funding, in addition to $5 billion in payroll grants to survive crisis -
China Central Bank May Launch Its Own Digital Currency By Mid-2021
Digital yuan seen to be a major catalyst that will move legacy financial systems into the age of bitcoin Digital yuan seen to be a major catalyst that will move legacy financial systems into the age of bitcoin -
Doomsday Scenario: US Oil Prices Plunge Below Zero, Shed Over 300%
Analyst said May contract is a "horror show" and is on course to its worst delivery scenario in history. Analyst said May contract is a "horror show" and is on course to its worst delivery scenario in history. -
Novartis Given FDA Green Light To Test 440 Patients Using Malaria Drug
Novartis to donate up to 130 million tablets of hydroxychloroquine to support global clinical trials Novartis to donate up to 130 million tablets of hydroxychloroquine to support global clinical trials -
Oil Price Plunges To 1999 Lows As Pandemic Cripples Demand
Threatened by a 30-percent decrease in global fuel demand, oil industry has steadily cut growth. Threatened by a 30-percent decrease in global fuel demand, oil industry has steadily cut growth. -
United Airlines Enters Deal With BOC Aviation For Sale, Lease-Back Of 22 Aircraft
United Airlines has seen as much as 70 percent of its stock value vanish since start of the year United Airlines has seen as much as 70 percent of its stock value vanish since start of the year