Budget cut an important first step for tourism firms to survive winter

Without over-dramatising it, the budget was the most important day in the history of Ireland’s proud tourism industry. Budget 2021 at home and an international travel agreement at the European level were both hugely important to thousands of businesses and tens of thousands of jobs.

The good news is that Ireland, along with the rest of the EU member states, signed up to a common framework that should in time,

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Key part of DIA’s Great Hall construction project to be cut back

Denver International Airport’s Great Hall renovation will change to stay within the project’s $770M budget. North and south TSA checkpoints will no longer move.

DENVER — Denver International Airport officials will have to cut back on the remaining work on the Great Hall renovation in order to stay within the project’s $770 million budget, DIA executives told City Council members Wednesday as part of an update on the project’s progress.

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United, American To Cut More Than 32,000 Jobs After Relief Package Talks Fail

KEY POINTS

  • American to furlough 19,000 workers, United to cut 13,000 jobs 
  • Both airlines prepared to recall workers if a deal is reached
  • Airlines would receive $25 billion as pay support in new relief package

More than 32,000 employees from United Airlines and American Airlines will be furloughed from Thursday as talks in Washington about a new coronavirus relief package failed.

American will furlough 19,000 workers, 14% of its pre-COVID19

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Disney Shares Slump On Plans to Cut 28,000 Theme Park Jobs

Walt Disney Co.  (DIS) – Get Report shares slumped lower Wednesday after the entertainment giant said it would lay off tens of thousands of workers at its theme parks.

Disney said around 28,000 people will be affected by the decision, most of them part-time workers, following the closure of theme parks in California, and limited capacity elsewhere as a result of the global coronavirus pandemic. Third quarter revenues

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American Airlines, United to Cut 32,000 Jobs as Washington Debates Relief

American Airlines Group Inc. and United Airlines Holdings Inc. will go forward for now with a total of more than 32,000 job cuts Thursday after lawmakers were unable to agree on a broad coronavirus-relief package, the airlines told employees.

The airlines’ moves put more pressure on lawmakers who have negotiated on and off for months over an aid package that could include relief for airlines and other hard-hit industries like … Read More

United Airlines Pilots Approve Pay Cut to Avoid Job Losses

    

Photographer: Angus Mordant/Bloomberg

United Airlines Holdings Inc.’s pilots agreed to accept lower minimum pay guarantees to prevent almost 4,000 of their members from being put on furlough.

The pact with United won 58% support in a vote by union membership, the Air Lines Pilots Association said Monday. The airline had sought to cut costs while avoiding pilot layoffs because of the expense and training involved in

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How to cut down your hotel check-in time if traveling during the COVID pandemic | Travel Troubleshooter

No one likes to wait to check into a hotel. But now, with COVID-19 ravaging the world, your life may depend on it.

Travelers are resorting to some unusual strategies to speed through the check-in line. Aristide Tofani uses a trick favored by frequent business travelers: He dresses the part.

“When I’m wearing a suit and tie, the receptionists think I’m there for business and that I must be busy,”

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Ohio State athletics will cut jobs and wages, but not teams, to offset $107 million budget deficit

COLUMBUS, Ohio — Ohio State athletics will implement layoffs, furloughs and other cost-saving measures to offset a projected $107 million deficit due to the COVID-19 pandemic, the department announced this morning.

However, Ohio State said it does not plan to cut any of its sports programs, maintaining its status as the largest athletic department in the nation. It also will keep intact all scholarship funding and other support services and

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As tax collections rebound, Washington state’s projected $9 billion budget shortfall is cut in half

OLYMPIA — Federal stimulus money pumping through parts of Washington’s economy. Loosened business restrictions. A spike in cannabis sales. An improvement in the real-estate market.

Those factors have — at least for now — improved tax collections and slashed by half what had been a projected $8.8 billion state budget shortfall through 2023, according to a state economic forecast released Wednesday.

The state’s projected shortfall is now approximately $4.2 billion

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Southwest Airlines CEO ‘hopeful’ on more government aid but hesitant to cut capacity

Southwest Airlines CEO Gary Kelly on Wednesday said he is optimistic that Congress can pass a national coronavirus relief package that includes airline aid despite a monthslong impasse between lawmakers and the White House.

Airlines earlier this year received $25 billion in federal payroll support which prohibits job cuts and requires minimum service levels through Sept. 30.

With that date a week away, airline CEOs, including Kelly, have met with

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United Airlines announces biggest pilot job cut in its history

CHICAGO (Reuters) – United Airlines UAL.O is preparing for the biggest pilot furloughs of its history after announcing on Thursday the need to cut 2,850 pilot jobs this year, or about 21% of the total, without further U.S. government aid.

Airlines, reeling from the devastating impact of the novel coronavirus pandemic on air travel, have asked the U.S. government for another $25 billion to cover employee payroll through March.

The

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Ohio State projects $107 million budget deficit but won’t cut any sports

The biggest and most successful athletic program in the Big Ten is also facing the biggest reported budget deficit amid the COVID-19 pandemic.

Ohio State projects a $107 million deficit for the current fiscal year, the school announced on Wednesday, following a projected revenue dip of more than 60 percent.

As a result, OSU will eliminate 25 athletic department positions and require 345 employees to take furloughs of varying lengths.

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United to Cut More Than 16,000 Jobs Due to COVID-19 Travel Slowdown

United Airlines Holdings (NASDAQ:UAL) told employees Wednesday it expects to furlough more than 16,000 workers as soon as next month as a government program that provided payroll support comes to an end.

The COVID-19 pandemic has caused travel demand to dry up, leading airlines to cut their schedules and look for ways to reduce costs. But to date, there has been no layoffs thanks to the CARES Act, which provided

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United Airlines to cut 2,850 pilot jobs without more U.S. government aid

United Airlines said on Thursday it will need to cut 2,850 pilot jobs between Oct. 1 and Nov. 30 if the government does not extend an aid package to help airlines cover employee payroll for another six months while they weather the coronavirus pandemic.

The job cuts, released in a memo to employees and shared with the media, would take place between Oct. 1 and Nov. 30 and are significantly

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To get a COVID relief bill from Congress cut off the perks

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On Aug. 3, 2020 more than 100 current and former CEOs urged Congress to pass a relief bill to help small businesses through the pandemic. But talks are stalled and hopes for a compromise between the House and Senate have dwindled.

CAROLYN KASTER AP

To get a relief bill cut off the perks in D.C.

Our representatives in Congress cannot put a bill together to help our fellow citizens in

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American Express Cut at Bank of America on Lower Travel Outlays

American Express  (AXP) – Get Report shares fell Wednesday after Bank of America Securities analyst Mihir Bhatia downgraded the credit card and travel services company to underperform from neutral and trimmed his share-price target to $95 from $106.

“Bank of America sector analysts estimate it could be 2024 before spending volumes on airlines and lodging are at 2019 levels, and a full recovery is dependent on a vaccine

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Cut gov’t travel budget for next year – Gatchalian

Senator Sherwin Gatchalian on Sunday said it would be best for the government if it realigns the allocation for travel in the proposed P4.506-trillion national budget to other items in the national expenditure program (NEP) in order to save money.

Senator Sherwin Gatchalian
(MANILA BULLETIN FILE PHOTO)

Gatchalian said he also doubts it would be wise to travel under the present circumstances as the nation continues to grapple with the

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