Airline Bailout
The Latest
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American Airlines To Lay Off 19,000 Employees In October
American Airlines will conduct an involuntary staffing reduction starting on October 1, after the terms of the federal air program expires. 
American Airlines will conduct an involuntary staffing reduction starting on October 1, after the terms of the federal air program expires. -
Cathay Pacific Looks To Repay HK Govt $2.8 Billion In 3-5 Years
Preference shares part of $5 billion stimulus program to help Cathay survive global crisis. 
Preference shares part of $5 billion stimulus program to help Cathay survive global crisis. -
IATA Estimates $84 Billion Loss For Airlines In Worse Year In Sector's History
The international trade association predicts that global airline revenues could drop to around $419 billion this year from the $838 billion reported last year. 
The international trade association predicts that global airline revenues could drop to around $419 billion this year from the $838 billion reported last year. -
Germany Grants $9.8 Billion Rescue Package To Lufthansa
As part of the bailout, the German government will be acquiring a 20 percent stake in the airline and taking two seats in its supervisory board. 
As part of the bailout, the German government will be acquiring a 20 percent stake in the airline and taking two seats in its supervisory board. -
Airline Bailout Only A Temporary Fix That Likely Will Not Save The Industry
Industry experts say that the general assumptions regarding the recovery of the airline industry after the outbreak are mostly too optimistic. 
Industry experts say that the general assumptions regarding the recovery of the airline industry after the outbreak are mostly too optimistic.
