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Nine Democratic US senators on Tuesday urged the chief executives of 11 major airlines to issue full cash refunds to customers canceling flights during the coronavirus pandemic after Congress approved $25 billion in cash grants for the hard-hit industry. “We believe your company has a moral responsibility to provide real refunds, not travel vouchers, to …
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The travel industry has been decimated by the coronavirus — with estimates of over $24 billion lost as 825,000 jobs have been wiped out and more than 8.2 million visitors stay away from the United States alone. But with the storm clouds come a silver lining. Without the steady stream of cruise ships (some of …
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American Airlines plans to cut 75 percent of its international flights through May 6 and ground nearly all its widebody fleet. The move comes as carriers across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak and the companies respond by scrapping flights and ditching financial forecasts. Shares of …