air travel

North American and international airlines are offering their planes for cargo-only service in the midst of a coronavirus pandemic that has wiped out the vast majority of international traffic, leaving companies with limited options for moving high-value and critical goods. Only using the lower...

And so, the see-saw ride continues. Today, we’re on the side going down. Yesterday’s calls for fiscal stimulus were welcome, but don’t necessarily stop all this from playing out and can’t fight a virus. At the end of the day, people seem to be saying that we still have the...

Airlines serving Australia and New Zealand are implementing drastic service cuts as a result of a steep fall in passenger demand and government announcements last weekend that all travelers entering the countries must self-quarantine for two weeks. Qantas and subsidiary Jetstar together will cut...

The Coronavirus pandemic is upon Europe as the World Health Organization officially declared it as the new epicentre of the COVID-19. When Trump declared a state of emergency on Friday, the situation quickly deteriorated even for US  airlines. The situation is only getting worse as Germany and...

It's official, the EU is on lockdown as of noon (Central European Standard Time) as the World Health Organization has declared a global pandemic of COVID-19 and Europe as its new epicenter. This literally means no one enters nor gets to leave the Union for at least 20 days in an effort to...

The market is attempting a rally this morning after more heavy selling yesterday, but with volatility near record levels it’s far from certain whether gains will last throughout the day. Equity index futures hit their limit-up stops overnight before easing back. Perhaps some of the...

Facing a severe drop in traffic and revenue associated with new coronavirus travel restrictions imposed by many countries, including Canada and the U.S., airlines are cutting flight schedules to the bone and taking other drastic measures that are seriously impacting frontline workers for the first...

Yesterday, President Trump said that coronavirus could cause a U.S. recession, and that the outbreak could still be around even through August. What does this mean for airline companies? The U.S., Europe, and other countries are beginning travel bans for a month or more, and consumer demand...

American Airlines Group Inc. (NASDAQ: AAL) is phasing in a suspension of additional long-haul international flights from the U.S. on Monday in response to lower passenger demand and government travel restrictions due to coronavirus. The idling of 135 wide-body jets will crimp air cargo capacity,...

After last week’s wild ride, the question was what would the market do for an encore. The answer came Sunday afternoon in the form of a surprise rate cut by the Fed—the second one in two weeks—that took the Fed funds rate target back down to 0-0.25%, where it sat for seven years...

The air travel ban from Europe to the U.S. announced Wednesday night by President Donald Trump is likely to have a profound impact on the trans-Atlantic air cargo trade. This despite Trump's hurried post-address clarification on Twitter that the minimum 30-day ban, which he seemed to indicate in...

First it was China and Hong Kong, then South Korea and two cities in Italy. Now Delta Air Lines, Inc. (NYSE: DAL) is reducing service to and from Japan as the coronavirus suppresses travel demand. Meanwhile, All Nippon Airways is scaling back its domestic flight schedule between multiple cities in...

In a further concession to the spread of the coronavirus beyond China, United Airlines (NASDAQ: UAL) on Friday said it is reducing flights to  Tokyo and Osaka, Japan, Singapore and South Korea and extending flight suspensions to China through April 30. Meanwhile, logistics companies are warning...

(Updated 12:05 with details on Delta) When airlines began suspending service to China and Hong Kong last month because of the coronavirus outbreak it was understood their finances would be dinged in some way. Now, the dings are becoming visible. On Tuesday, Deutsche Lufthansa AG said it is...

Virgin Galactic Holdings, Inc. (NYSE: SPCE), an aerospace company, pioneering in private space flights and manufacturing of advanced air and space vehicles, announced the Q4 and end of year results. Company's key goal is to open access to space, so it is safe and affordable. Q4 brought the...