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Airlines, like any business, are susceptible to market fluctuations and economic difficulties. The economic structure of the airline industry may contribute to airline bankruptcies as well. One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees.
The business review platform went remote like many other organizations when the pandemic hit, but unlike so many others, it stayed that way and introduced a remote-first policy in 2021 ...
Prior to working at Delta in 2001, he was vice president and director of the Boston Consulting Group and held various management roles at its Chicago, Hong Kong, Shanghai and Atlanta offices. During his time at Delta between 2005 and 2007, Whitehurst oversaw the company's recovery from bankruptcy and its struggle against US Airways in 2006, who ...
On August 15, 2005, in an SEC filing, Delta finalized a deal to sell Delta Connection carrier Atlantic Southeast Airlines (ASA) for $425 million in cash to SkyWest Airlines in an effort to obtain money to avoid bankruptcy. Analysts called the move a desperate one, estimating ASA's worth at around $700–$800 million – a price which SkyWest ...
There was the industry fallout from the 9/11 attacks; a slew of airlines announcing bankruptcy amid thousands of job cuts in 2005; and later, the pandemic, which slashed aviation jobs by about 43%.
The novel coronavirus pandemic has had a crushing impact on the airline industry. Already in 2020, there have been multiple bankruptcies in the sector, including LATAM, RavnAir, Flybe and Virgin ...
On 2 June, the airlines resumed its three-weekly services to Macau. [199] Amid the pandemic, the airline has also delayed its Cebu services launch twice and indefinitely delayed Okinawa launch. [200] [citation needed] On 15 March 2020, Taos Air service for the remainder of the 2019–20 ski season was canceled due to the pandemic. [201]
The company also backed off some more stringent limits on accessing Delta’s airport lounges. Multiple visits over a 24 hour period, for example, will now count as a single visit credit.