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Passenger Air Travel

Kimberly Redmond | Equities.com |

People who are fully vaccinated against COVID-19 can travel freely within the US, as long they remain masked on buses, planes and trains and practice social distancing, the Centers for Disease Control and Prevention (CDC) announced Friday.

In its latest guidance, the CDC said coronavirus tests are no longer required for fully vaccinated people before or after a domestic trip and there is no need for them to self-quarantine.


Reuters | Equities.com |

German air shuttle startup Lilium said on Tuesday it would float on the U.S. stock market via a reverse merger with Qell Acquisition Corp, a blank-check acquisition company, in a deal valuing the combined business at $3.3 billion.

Munich-based Lilium is competing with other aviation companies to deploy battery-powered aircraft that can take off and land vertically, offering a new way for travelers to beat traffic and hop between cities.


AP News | Equities.com |

Southwest Airlines said Monday it’s expanding its all-Boeing fleet with an order for 100 737 MAX airplanes.

The Max was grounded worldwide in March 2019 after two crashes that killed 346 people. Regulators in the U.S., Europe, Canada, Brazil and other countries cleared the plane to resume flying after Boeing changed an automated flight-control system that played a role in the crashes.


Reuters | Equities.com |

WASHINGTON (Reuters) - The number of U.S. air passengers screened topped 1.5 million Sunday for the first time since March 2020, as air travel continues to rebound from a pandemic-related drop, the U.S. Transportation Security Administration (TSA) said Monday.

COVID-19 devastated air travel demand, with U.S. airline passengers down 60% in 2020. But with a growing number of Americans getting vaccinated, demand and advanced bookings have started to rise in recent weeks.


Reuters | Equities.com |

Shares of Sun Country Airlines Holdings Inc, a low-cost carrier backed by private-equity firm Apollo Global Management Inc, jumped around 38% in their Nasdaq debut on Wednesday.

The stock opened at $33 per share, giving the airline a valuation of $1.84 billion.


Kimberly Redmond | Equities.com |

Air travel is starting to pick up again after the most difficult year for major US airlines due to the COVID-19 pandemic, giving hope that the struggling industry is on the rebound.

Sunday marked the fourth straight day that the Transportation Security Administration saw more than 1 million people pass through its airport checkpoints, screening 1.34 million passengers.


Kimberly Redmond | Equities.com |

Boeing Company executives have warned White House officials that requiring passengers to take COVID-19 tests before traveling on U.S. domestic flights could devastate an already struggling industry and potentially lead to bankruptcies, according to a report.

In a letter sent Friday to the Biden administration, Boeing Commercial Airplanes’ chief executive officer Stan Deal and chief aerospace safety officer Michael Delaney said mandatory testing would be a burden that &ld...


Reuters | Equities.com |

Boeing Co took a hefty $6.5 billion charge on its all-new 777X jetliner as it posted a record annual loss on Wednesday due to the coronavirus pandemic and the aftermath of a two-year safety crisis over its 737 MAX.

The coronavirus crisis has exacerbated a drop in demand for the industry’s largest jetliners, with airline customers shunning deliveries of planes due to international travel restrictions, hurting cash flow at the U.S. planemaker.

Boeing said it now expects the 777X, a larger version of the 777 mini-jumbo, to enter service by late 2023, delaying the jet’s entry for the third time, due to tougher certification requirements after the 737 MAX safety crisis and plummeting demand.


Kimberly Redmond | Equities.com |

Several major airlines are banning firearms on flights to Washington, D.C. after last week’s riot at the U.S. Capitol and ahead of President-Elect Joe Biden’s inauguration on Jan. 20.

Delta Air Lines was the first carrier to announce Thursday that DC-bound passengers would be prohibited from putting guns in checked bags. Soon after, United Airlines, Southwest Airlines, American Airlines and Alaska Airlines announced the same.

All said the ban – which will be in effective Jan. 16 to 23 – applies to fights into Dulles Airport, Reagan National Airport, Baltimore-Washington International Airport and Richmond International Airport.


Kimberly Redmond | Equities.com |

As air travel plummeted due to the COVID-19 pandemic, Delta Air Lines posted a net loss of $12.4 billion in 2020 – the company’s largest loss ever.

 

On Thursday, the Atlanta-based carrier reported a quarterly loss of $755 million and $12.4 billion in losses for all of 2020, a year that Chief Executive Ed Bastian called “the toughest in Delta’s history.”

 

The full-year loss compared with a $4.8 bil...