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27 Mar 2020, 4:50 pm
Major aspects of the CARES Act concern cash payments to individual Americans, expansion of unemployment insurance, low-cost loans to affected small businesses, and bailouts to industries hardest hit by the pandemic such as the airline and hospitality industries. [read post]
27 Mar 2020, 3:38 pm
A subset of these funds is dedicated to the airline industry, subject to limits on these companies’ executive compensation. [read post]
27 Mar 2020, 1:59 pm
HOW DOES THE CORONAVIRUS RELIEF LAW HELP TOWARDS AMERICAN RECOVERY FROM COVID-19? [read post]
27 Mar 2020, 1:43 pm
HOW DOES THE CORONAVIRUS RELIEF LAW HELP TOWARDS AMERICAN RECOVERY FROM COVID-19? [read post]
27 Mar 2020, 11:02 am
The legislation would send direct payments of $1,200 to millions of Americans, including those earning up to $75,000, and an additional $500 per child. [read post]
27 Mar 2020, 5:30 am
” NY Times“Congressional lawmakers put the finishing touches on a $2 trillion stimulus bill to respond to the coronavirus pandemic, with cash and assistance for regular Americans, Main Street businesses and hard-hit airlines and manufacturers, among others. [read post]
25 Mar 2020, 9:44 am
Airline ticket excise taxes and passenger facility charges will drop dramatically as airline bookings decrease. [read post]
24 Mar 2020, 4:15 am
It grudgingly provides some, but only some, of the aid Americans in distress will need. [read post]
23 Mar 2020, 1:48 pm
(We already expect that airlines, travel and hospitality companies will be on the losers list, and that supply-side companies like Amazon, Target, Walmart and other providers of household goods are likely to be winners.) [read post]
23 Mar 2020, 6:58 am
American Airlines announced that they are waiving change... [read post]
22 Mar 2020, 9:01 pm
Of the latter, $50 billion would go to the airline industry, $150 billion to “Other Severely Distressed Sectors of the U.S. [read post]
22 Mar 2020, 8:09 am
It fails to invest in programs the American people will rely on during this crisis, which have already begun to reach a breaking point. [read post]
20 Mar 2020, 4:18 pm
Airlines, trains and other modes of transportation in some countries have all but shut down. [read post]
20 Mar 2020, 2:04 pm
His successful experience includes some of the largest cases in U.S. history, including Lehman Brothers, Enron, American Airlines, General Motors, PG&E and Sears. [read post]
19 Mar 2020, 11:59 am
Priorities set out in a two-page Treasury Department report also include $50 billion in assistance to the airline industry and $150 billion to prop up other sectors, potentially including the hotel industry, writes the Washington Post. [read post]
18 Mar 2020, 8:48 pm
Employees are eligible to take FMLA leave if they work for a covered employer and:have worked for their employer for at least 12 months;have at least 1,250 hours of service over the previous 12 months; andwork at a location where at least 50 employees are employed by the employer within 75 miles.Special hours of service requirements apply to airline flight crew employees and to breaks in service to fulfill National Guard or Reserve military service obligations pursuant to the Uniformed… [read post]
18 Mar 2020, 7:52 pm
While the stock market crashes, Zoom shares have soared this year, valuing the company at $29 billion — more than airlines like Delta, American Airlines or United Airlines. [read post]
18 Mar 2020, 12:32 pm
The outline, a copy of which was obtained by The New York Times, calls for a total of $1 trillion in spending for those programs, which would also include $50 billion for secured loans for the airline industry, and another $150 billion for secured loans or loan guarantees for other parts of the economy hard hit by the unfolding financial crisis. [read post]
18 Mar 2020, 5:04 am
Mitt Romney’s proposal to send every American adult a check for $1,000 opened a discussion of ways to address the economic dislocation that will permeate the nation. [read post]
17 Mar 2020, 11:30 am
The administration also supports a request for $50 billion in economic relief for the airline industry. [read post]
