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Economy

“United Airlines warns 36,000 workers they could be laid off “

“United Airlines is warning 36,000 employees — nearly half its U.S. staff — they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry… Airlines say they must shrink to… Continue Reading…

Business, Economy

“Airlines are on the brink of bankruptcy — what happens to your voucher, travel miles and airline credit card if they go belly up?”

“Carriers’ stocks have tanked in response. Warren Buffett recently revealed that Berkshire BRK.A, -1.37% had sold off all of its holdings in the airline sector, including stock in Delta DAL, -6.99%, American Airlines AAL, -6.94% and Southwest LUV, -5.76%. Boeing BA, -3.21% Chief Executive David Calhoun suggested that a major airline will “most likely” go under… Continue Reading…