Delta executives say air travel recovery could take ‘two years or more’

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Delta Air Lines on Tuesday reported a net loss of almost $5.4 billion in the third quarter. The carrier warned that its recovery from the impact of the COVID-19 pandemic could extend into 2022 or even beyond. 

The pandemic had a drastic impact on its peak summer travel period, but Delta President Glen Hauenstein said demand is slowly beginning to climb. Delta

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Delta Says Air Travel Recovery Still Far Off Amid Pandemic

Delta Air Lines Inc.

offered cautious optimism that demand for travel is starting to return but said its losses were mounting, as the coronavirus pandemic looks likely to continue weighing on travel for years.

“The virus has had a much broader impact over the course of the year than any of us were suspecting,” Delta Chief Executive Ed Bastian said in an interview.

Delta had hoped it would be able

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Delta warns investors: ‘It may be two years or more’ for air travel recovery

Yet again, Delta Air Lines posted massive quarterly losses — and the company is warning investors “it may be two years or more” for air travel demand to return to normal.

The airline posted a $2.1 billion operating loss in the third quarter, excluding special items like charges for buyout packages for employees who voluntarily left the company and early retirement of aircraft. Including those items, its net loss topped

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LCY Airport CEO stresses importance of business air travel recovery

Robert Sinclair has emphasised the importance of business air travel to the economic recovery prospects of the UK after the COVID-19 pandemic.

The importance of domestic and international travel to the economic prospects of individual businesses and the wider economy has been highlighted in a new report by WPI Strategy. The report reveals that the majority of UK business leaders see air travel as key to their future economic prospects

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Subtle shifts in travel may drive long recovery: trade group | News

As air travel struggles to return to pre-coronavirus levels, the industry is adopting new patterns of operating that might become permanent during a prolonged recovery, the airline trade group Airlines for America (A4A) says.

In particular, airlines are likely to continue to offer customer flexibility, to periodically rethink fleets and routes, and focus on retaining a core group of employees.

But any meaningful recovery will also require widely accepted vaccination,

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The federal budget might offer write-offs and subsidies, but for Victoria’s recovery, the ball is in Dan Andrews’ court

The federal budget has left the field open for the Andrews government to develop a strategy for the state’s recovery, including targeted measures that revive Melbourne as Australia’s leading city for tourism, sports, entertainment, arts, culture, major events and population growth.



Scott Morrison, Daniel Andrews are posing for a picture: Scott Morrison and Daniel Andrews


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Scott Morrison and Daniel Andrews

Victoria’s reputation has been battered in this crisis, and it’s not enough to leave the recovery to individual businesses.

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Congress needs to be ‘aggressive’ with economic assistance to boost recovery, Fed’s Kashkari says

Minneapolis Federal Reserve President Neel Kashkari is urging Congress to be “aggressive” with economic assistance in order to boost the United States’ recovery from the coronavirus pandemic.

“I’m seeing, especially on the small business front, I mean, some sectors of the economy are doing fine. If you are a white-collar worker like I am … you’re able to work from

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How Gaming Resorts Are Charting a Regulated Course for Recovery

In ordinary times, superior meeting and function space, plus built-in high-end service, entertainment, dining, wellness and shopping options, make large-scale integrated gaming resorts a winning bet for groups. And in the pandemic, gaming resorts are parlaying these and stringent health and safety protocols to stay viable.

While at the mercy of some state directives, properties in most markets have the resources to implement and enforce safety measures and the scale

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Rising COVID Cases Will Stall UK Recovery, Budget Watchdog Warns | Investing News

By David Milliken and Andy Bruce

LONDON (Reuters) – A sharp rise in coronavirus cases is likely to cause Britain’s economic recovery to stall until the resurgence comes under control, the country’s budget watchdog said on Wednesday.

Britain has recorded more than 14,000 new cases on each of the past two days, the most since mass testing began in April, and has increased curbs on socialising, with Scotland announcing the

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Va. hotels continue slow recovery

Lodging revenue still down 43% compared to last year

Virginia hotel revenues remained below pre-pandemic levels last week, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry.

For the week of Sept. 27 through Oct. 3, hotel revenues in Virginia decreased by 43% and rooms sold declined by 27%, compared to the

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Host Hotels Sees Green Shoots of Recovery in July & August

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3 “Strong Buy” Healthcare Stocks With Major Catalysts Approaching

It can happen in a New York minute. We are talking about the massive gains certain healthcare stocks are able to notch in what feels like a split second. Unlike names from other areas of the market, earnings results don’t paint the full picture. Rather, other factors like clinical trial data or regulatory decisions can be more useful in determining

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Singapore prepares road map for recovery as Heng warns virus will weigh on budget ‘for years’



a close up of a person wearing glasses: Singapore Deputy Prime Minister Heng Swee Keat. Photo: EPA


Singapore Deputy Prime Minister Heng Swee Keat. Photo: EPA

Singapore is preparing for its final phase of economic reopening as coronavirus infections stabilise, Deputy Prime Minister Heng Swee Keat said on Monday even as he reiterated that the economic outlook was grim amid government efforts to save jobs and plan for the post-pandemic era.

Heng, in a parliament speech, said a road map would be revealed in the coming weeks

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IATA Expects Slower-Than-Expected Air Travel Recovery

IATA Expects Slower-Than-Expected Air Travel Recovery | Aviation Week Network

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IATA is now forecasting a slower-than-expected recovery of air travel for this year and into 2021, highlighting the need for further financial assistance from governments and urging the introduction…

 

IATA Expects Slower-Than-Expected Air Travel Recovery is published in The Weekly of Business Aviation, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with

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Clean Energy Jobs Will Drive Post-Covid Recovery Around The World

Renewable energy is becoming one of the key creators of jobs in the global economy, with 11.5m people now employed in the industry around the world.

The sector added half a million jobs in 2019, according to a new report from

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Is economic recovery a Trump ‘V’ or a Biden ‘K’?

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Who won the presidential debate is in the eye of the beholder as Trump and Biden argue, giving little of substance to voters and both claiming victory.

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The raucous debate between President Donald Trump and former Vice President Joe Biden turned into a game of alphabet Tuesday when moderator Chris Wallace asked the two candidates whether the U.S. economy is in a V-shaped or K-shaped recovery from

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September Jobs Report Shows Slowdown in Recovery


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  • Investors were rattled Friday by the news that President Trump and the first lady had tested positive for the coronavirus. The development, throwing the nation’s leadership into uncertainty, comes 32 days before an election that already has investors on edge.

  • On Wall Street, trading was volatile, as lingering optimism about the prospects for an economic aid

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IATA: August Air Travel Demand Shows Signs of Slow Recovery

Global air travel demand in August contracted by 75.3 percent year over year, a sign of a continuing modest recovery since reaching a low point in April, according to the International Air Transport Association. Compared with July, when there was a 79.5 percent year-over-year contraction, the pace of relative demand growth remains slow, IATA reported. 

Global August air capacity dropped by 63.8 percent year over year. Load factor dropped 27.2

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IATA Forecasts Slower Air Travel Recovery

IATA Forecasts Slower Air Travel Recovery | Aviation Week Network

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GoHealth COVID-19 testing at SFO.

Credit: United Airlines

FRANKFURT–IATA is now forecasting a slower than expected recovery of air travel for 2020 and into 2021, highlighting the need for further financial assistance from governments and urging the…

 

IATA Forecasts Slower Air Travel Recovery is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN)

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European travel recovery not an easy fix – Deutsche Bank (OTCMKTS:ICAGY)

Deutsche Bank explains some of the headwinds for the European airline industry as COVID cases accelerate in certain areas. The analysis could dampen some of the enthusiasm over the ramping up of testing capabilities by airline companies.

“Rising COVID-19 infections in numerous EU countries have led the German Federal Foreign Office to issue more travel warnings. In some cases, these travel warnings apply to whole countries (currently Spain, the Czech

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