The nerve of it is a wonder to behold. The US airline industry has spent a decade shoving itself into harm's way by strip-mining their balance sheets to fund share buybacks and goose top executive stock options.
With the global airline industry crashed, US airlines are seeking upwards of $50 billion in government aid, according to The Wall Street Journal sources.
Just hours after S&P took the machete to Exxon's long standing AA+ credit rating, moments ago the rating agency went after the company which until just a few weeks ago seems invincible, and whose stock price has crashed from $350 to $130 in a little
Deputy Secretary of Defense David L. Norquist approved new travel restrictions for service members, DoD civilians, and their families assigned to DoD installations, facilities and surrounding areas within the United States and its territories.
Weary travelers returning to the U.S. amid coronavirus-related travel restrictions are being greeted by long lines and hourslong waits for required medical screenings at airports.
"You have just one life to live," said McBlackwell, who plans to bring wipes to disinfect the tray tables in front of her airplane seats, and perhaps her own snacks. "Are you going to spend it sitting in your house scared? I'd rather be out e
As is the case with electric cars, battery range is still very much an issue with pure-electric aircraft. Hybrid propeller-drive systems are perhaps a better way to go – for now – and a new one was recently the subject of a successful test flight
Desperate Americans spark 'bedlam' at European airports: Fliers pay up to $20,000 for flights from Paris to get back home before Trump's travel ban kicks in
President Donald Trump announced Wednesday his decision to suspend all travel from the European Union for the next 30 days to fight the spread of the coronavirus.
Amid the broader travel, hotel, aviation, tourism and cruise line carnage, airlines are canceling domestic flights left and right while waiving cancellation fees.
Mounting concern over the new coronavirus outbreak has caused school closures and movie premiere pushbacks, and now the crisis' effect on the aviation industry is drawing comparisons to 9/11.
Empty seats, grounded planes and deserted terminals: Coronavirus impact on airline industry is already 'WORSE than 9/11' and could cost $30 billion in lost revenue this year alone
Airlines have cut hundreds of thousands of flights because of coronavirus travel restrictions - Carriers also are waiving change and cancellation fees for some routes because of the illness
Formula 1 car of the sky: Incredible 16ft-wide manned drone that can fly at 87 MPH with a person on board performs rolls and loops on its maiden flight (VIDEO)
Star Wars-inspired flying motorcycle, an 'egg-copter' and a drone you can SURF on battle in a 'fly-off' for a $1m cash prize from aviation giant Boeing
This visual system uses a forward-facing camera and display system with image processing software that not only gives the pilot a virtual window on the airspace ahead, but also graphical flight data.