Airlines

Southwest, United Airlines see weak demand over holidays, 1Q

DALLAS (AP) — United Airlines warned Thursday that bookings have slowed and cancellations have increased as the number of coronavirus infections spikes across the country.

Southwest Airlines has also seen more cancellations, and the carrier’s CEO said that travel demand will be remain weak in the first quarter.

The number of people flying in the United States is down about 65% from a year ago, and airlines were hoping that the upcoming holidays would mean an increase in leisure travel.

United said however that it continues to see the virus hurting travel.

In the past week, “there has been a deceleration in system bookings and an uptick in cancellations as a result of the recent spike in COVID-19 cases,” United said in a regulatory filing.

Chicago-based United expects to operate no more than 45% of its normal schedule in the fourth quarter. and it continues to forecast a 67% decline

Read More

Airlines cancel international flights ahead of national lockdown

Watch: Major airlines face up to likely winter blues

Airlines have been busy overnight working on plans to cancel the majority of leisure flights in response to England’s impending national lockdown.

Under new rules announced by the Government on Saturday, non-essential travel – both domestic and international – is banned from Thursday November 5 until at least December 2.

That takes all overseas holidays off the table during this period, as well as staycations, given that overnight stays away from home are not permitted.

Paul Charles, CEO of travel consultancy the PC Agency, tells Telegraph Travel: “Airline planning teams are already working on cancelling outbound flights after November 5, and it will be difficult to plan for December based on a lack of visibility as to what will happen closer to Christmas. 

“In the short-term, airlines will be looking at combining scheduled flights returning to the UK, so that

Read More

American Airlines To Chop 19,000 Jobs Amid Travel Slump

AAL) notified employees in a memo Tuesday that it plans to eliminate 19,000 jobs on Oct. 1, unless Congress renews the emergency coronavirus assistance that helped airlines retain staff for the past six months.” data-reactid=”19″American Airlines Group, Inc. (NASDAQ: AAL) notified employees in a memo Tuesday that it plans to eliminate 19,000 jobs on Oct. 1, unless Congress renews the emergency coronavirus assistance that helped airlines retain staff for the past six months.

DAL) indicated involuntary separations are coming for 1,941 pilots, according to Reuters.” data-reactid=”20″The news comes a day after Delta Air Lines, Inc. (NYSE: DAL) indicated involuntary separations are coming for 1,941 pilots, according to Reuters.

Airlines, struggling to survive, are transforming into much smaller organizations with passenger travel not expected to fully bounce back until 2024 and lucrative international

Read More

Travelers Ebb But China, US Expand Flights: Airlines in Focus

Per a recent Airlines for America (A4A) study, the number of air travelers being screened by the Transportation Security Administration (TSA) plummeted nationally. On average, there has been a 50% reduction in flight departures with states like New York, Hawaii, Washington DC, Vermont, Massachusetts and New Jersey reporting more than 80% decline in the TSA checkpoint volumes.

Low Traffic

The latest total traveler throughput as of Aug 17 was 773,319. Prior to the ongoing global health crisis, U.S. airlines were transporting a record 2.5 million passengers and 58,000 tons of cargo each day. As travel constraints and stay-at-home orders were implemented, demand for air travel dropped sharply. In short, the estimated COVID-19-triggered loss outbreak is at least more than $98 billion in the first half of 2020.

Majority of the airline stocks have depreciated over the past week, causing the NYSE ARCA Airline Index to decline 5.6% to $55.94, showing

Read More