Coronavirus causes airlines to consider a government shutdown on US flights

Airlines around the world are rushing to save money as the demand for crater flights after political leaders have turned to increasingly draconian measures that have disrupted daily life in an attempt to stop the spread of COVID-19. US airlines, which posted record revenues earlier this year, are now grappling with an unthinkable scenario. On […]

Coronavirus leads to cheap airfares but not enough to protect airlines

Concerns about the spread of coronavirus are leading to more empty plans, sending airline quotas to new multi-year lows and delivering their biggest challenge to carriers in a generation. Some airlines are suspending hiring, offering unpaid leave and cutting flights to cut costs as the virus spreads. US airlines, which analysts consider among the best […]

The coronavirus raises concerns about a large slowdown in air travel

Foreign travelers wearing masks pass by an information panel on departures at Beijing International Airport in Beijing, China, when the country is hit by a new coronavirus outbreak, February 1, 2020. Jason Lee | Reuters The rapid spread of the new coronavirus is testing airlines and other travel companies with a risk that had been […]

Virgin Galactic’s president doesn’t think SPCE’s stock is a bubble

Virgin Galactic co-founder Sir Richard Branson, CEO George Whitesides and Social Capital CEO Chamath Palihapitiya pose together off the New York Stock Exchange (NYSE) with a view to trading Virgin Galactic (SPCE) in New York, the United States United, on October 28, 2019. Brendan McDermid | Reuters Virgin Galactic’s president, Chamath Palihapitiya, thinks that the […]