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Mesa Air Completes Second Closing On Secured Loan Facility

WIL BALDWIN November 16, 2020

Mesa Air Group, Inc. (NASDAQ: MESA) today announced that it has completed a second closing through its previously disclosed five-year Loan and Guarantee Agreement under the Coronavirus Air, Relief, and Economic Security Act (CARES Act). The Loan Agreement…

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Boeing Reports Third-Quarter Results

WIL BALDWIN October 28, 2020

- Financial results continue to be significantly impacted by COVID-19 and the 737 MAX grounding - Proactively managing liquidity and transforming for the future - Revenue of $14.1 billion, GAAP loss per share of ($0.79) and core (non-GAAP)*…

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United Airlines Third Quarter Q3 Sales Drop 78%

WIL BALDWIN October 15, 2020

A pilot walks by United Airlines planes at the San Francisco International Airport in April. GETTY IMAGES United Airlines Holdings Inc. stock (Nasdaq: UAL) fell late Wednesday after the airline reported a 78% drop in quarterly…

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SkyWest Enters Into Secured Loan Facility Under CARES Act

WIL BALDWIN September 29, 2020

St. George, Utah, Sept. 29, 2020 /PRNewswire/ -- SkyWest, Inc. (NASDAQ: SKYW) ("SkyWest") today announced that it and its wholly-owned subsidiary SkyWest Airlines, Inc. have entered into a five-year Loan and Guarantee Agreement with the U.S. Treasury…

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Delta Launches $6.5 Billion Debt Deal Backed by Frequent Flyer Program

WIL BALDWIN September 14, 2020

CHICAGO, Sept 14 (Reuters) - Delta Air Lines said on Monday it is seeking to raise $6.5 billion through new bonds and loans backed by its SkyMiles loyalty program, further bolstering liquidity to weather a…

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American Airlines Suspends Service to 15 Markets in October

WIL BALDWIN August 20, 2020

American Airlines Group Inc. (NASDAQ: AAL) will adjust its October schedule to remove service to 15 markets as a result of low demand and the expiration of the air service requirements associated with the Coronavirus…

United Airlines Message From Oscar Munoz and Scott Kirby

WIL BALDWIN April 16, 2020April 16, 2020

CHICAGO, April 15, 2020 /PRNewswire/ -- Oscar Munoz, Chief Executive Officer, and J. Scott Kirby, President, today issued the following message to nearly 100,000 United Airlines (NASDAQ: UAL) employees: To our United Family: We hope all is well with…

Boeing Statement on Passage of CARES Act

WIL BALDWIN March 26, 2020March 26, 2020

We thank the Administration, especially the President and Secretary Mnuchin, as well as the Senate for working together to take swift bipartisan action to support the American economy, including the 2.5 million jobs and 17,000…

Iranian General Soleimani Killed in Airstrike on Baghdad Airport

WIL BALDWIN January 3, 2020

President Trump accused Iranian general Qassem Soleimani of planning “imminent and sinister attacks” Friday in his first televised remarks since the deadly airstrike that killed the general at Baghdad's international airport. "We took action last night to stop a war,” Trump…

Atlas Air and Southern Air Prevail in Appeals Court Ruling Against Teamsters Pilot Union

WIL BALDWIN November 22, 2019December 5, 2019

PURCHASE, N.Y., Nov. 21, 2019 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (AAWW) today confirmed that its subsidiaries Atlas Air, Inc. and Southern Air, Inc. have prevailed in another legal dispute with the union…