Shares in US airlines endured a volatile day on the markets as businesses awaited the details of a potential government bailout.
Wednesday travel bans: Australia, EU lockdown
Australia became the latest major country to significantly raise its international travel advice, as the world continues to lockdown.
Another day of dramatic worldwide travel bans has led to another raft of capacity cuts from the world’s biggest airlines.
Airlines for America: Industry needs bailouts urgently
Airlines for America, a trade body which represents Delta, United and American, has called on the United States government to provide an urgent bailout.
EU ban sends Delta and United shares down 20%
Shares in Delta and United, the airlines most affected by President Trump’s EU travel ban, slumped by more than 20 per cent on Thursday.
Boeing is freezing new hiring and preparing to draw down the full $13.8 billion loan it took out last month, according to newspaper reports.
