Latest Ed Bastian News

FILE - In this file photo dated Wednesday, April 23, 2008, an EasyJet jetliner lands at the Milan Linate airport, Italy. European budget airline eastJet said Thursday May 28, 2020, it plans to cut up to a third of its 15,000-strong workforce as the global aviation industry struggles to cope with the COVID-19 pandemic. (AP Photo/Antonio Calanni, FILE)

Airlines increase job cuts as pandemic crushes air travel

May. 28, 2020 1:12 PM EDT

Major airlines on both sides of the Atlantic are cutting even more jobs as they struggle to cope with a plunge in air travel that will leave the airline industry much smaller than it was before the coronavirus pandemic and economic collapse. EasyJet said Thursday that it will cut up to one-third of its 15,000...

A Latam airplane sits parked at the Arturo Merino Benitez airport in Santiago, Chile, Tuesday, May 26, 2020. South America’s biggest carrier is seeking U.S. bankruptcy protection as it grapples with a sharp downturn in air travel sparked by the coronavirus pandemic. (AP Photo/Esteban Felix)

Latam Airlines seeks bankruptcy protection as travel slumps

May. 26, 2020 12:58 PM EDT

BANGKOK (AP) — Latam Airlines, South America’s biggest carrier, sought U.S. bankruptcy protection Tuesday as it grapples with a sharp downturn in air travel sparked by the coronavirus pandemic. The Chapter 11 bankruptcy filing underscores the severity of the financial challenges facing the travel...

Protesters drive by in a convertible car during a rally calling for an end to California Gov. Gavin Newsom's stay-at-home orders amid the COVID-19 pandemic, Wednesday, April 22, 2020, outside of City Hall in downtown Los Angeles. (AP Photo/Marcio Jose Sanchez)

White House shifts from raising alarms to reopening country

Apr. 23, 2020 8:27 AM EDT

WASHINGTON (AP) — For weeks, the Trump administration played up the dangers of the coronavirus as it sought to persuade Americans to disrupt their lives and stay home. Now, as President Donald Trump aims for a swift nationwide reopening, he faces a new challenge: convincing people it's safe to come out and...

A sign on the window at a 7-Eleven store reads,

Moving past 'invisible enemy,' Trump nudges nation to reopen

Apr. 22, 2020 9:33 PM EDT

WASHINGTON (AP) — For weeks, the Trump administration played up the dangers of the coronavirus as it sought to convince Americans to disrupt their lives and stay home. Now, as President Donald Trump aims for a swift nationwide reopening, he faces a new challenge: convincing people it's safe to come out and...

FIE - In this Feb. 5, 2019, file photo a ramp worker guides a Delta Air Lines plane at Seattle-Tacoma International Airport in Seattle. Delta Air Lines says it earned $1.1 billion in the fourth quarter by operating more flights and filling a higher percentage of seats.  The financial results beat Wall Street expectations. Delta and other U.S. airlines are enjoying a prolonged period of profitability thanks to steadily rising demand for travel.   (AP Photo/Ted S. Warren, File)

Think things are bad for airlines? It's about to get worse

Apr. 22, 2020 5:15 PM EDT

The biggest and most profitable U.S. airline just posted its first quarterly loss in more than five years. Now things are going to get really bad. Delta Air Lines Inc. reported Wednesday that it lost $534 million in the first three months of the year, when it suffered a glancing blow from the coronavirus pandemic...

Passenger jets from Delta Airlines lined up for storage at Pinal Airpark in Pinal County, north of Tucson, Ariz., on March 16, 2020. (Rebecca Sasnett/Arizona Daily Star)

Delta's 1st quarterly loss in 5+ years; worse is on the way

Apr. 22, 2020 1:44 PM EDT

Delta Air Lines, the biggest and most profitable U.S. airline, lost $534 million in the first quarter, a setback that will appear trivial when the full force of the pandemic is revealed in the current quarter. Delta warned Wednesday that revenue during the April-through-June quarter, typically a period of harried...

FILE - In this Tuesday, April 7, 2020, file photo, Delta flight is shown taking off from Salt Lake City International Airport, in Salt Lake City. Treasury Secretary Steven Mnuchin said Tuesday, April 14, 2020, that the nation's major airlines have tentatively agreed to terms for $25 billion in federal aid to pay workers and keep them employed through September. The deals aren't final, but the assistance is almost certain to be a mix of cash and loans, and the government could take a small ownership stake in the leading airlines. (AP Photo/Rick Bowmer, File)

Major airlines line up to split $25 billion in payroll aid

Apr. 14, 2020 8:37 PM EDT

The nation’s biggest airlines have tentatively agreed to terms for $25 billion in government aid to pay workers and avoid massive layoffs in an industry that has been slammed by the coronavirus pandemic. The assistance will include a mix of cash and loans, with the government getting warrants that can be...

American Airlines planes stored at Pittsburgh International Airport sit idle on a closed taxiway in Imperial, Pa., on Tuesday, March 31, 2020. As airlines cut more service, due to the COVID-19 pandemic, Pittsburgh International Airport has closed one of its four runways to shelter in place 96 planes, mostly from American Airlines, as of Monday, March 30, 2020. The airport has the capacity to store 140 planes. (AP Photo/Gene J. Puskar)

Airlines and Trump administration haggle over payroll grants

Apr. 10, 2020 8:53 PM EDT

The Trump administration is proposing that a significant amount of the $25 billion in cash that airlines expected to keep workers on the job will instead be low-interest loans that big airlines will have to repay, according to two people familiar with the matter. The Treasury Department began sending proposals...

Patrolman Elliot Landrau keeps watch at the West Side Market, Friday, April 10, 2020, in Cleveland. There were fewer shoppers this year before the Easter holiday than in previous years due to the coronavirus. (AP Photo/Tony Dejak)

Virus puts brakes on US economic engine: consumer spending

Apr. 10, 2020 4:24 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus. ________________________ CONSUMER DURESS: The consumer drives about 70% of all economic activity in the...