Bloomberg Southwest Airlines Co expects flying capacity later this year to be down about 30% from 2019, potentially leaving the company overstaffed, Chief Executive Officer Gary Kelly said. The carrier may be forced into the first involuntary furloughs in its 49-year history if travel demand doesn’t pick up more swiftly over the summer, Kelly said in a video message to ...
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May, 2020
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23 May
EasyJet’s founder defeated in bid to oust management
Bloomberg EasyJet Plc founder turned activist Stelios Haji-Ioannou lost out on an attempt to remove the UK airline’s management and block Airbus SE jet purchases. Shareholders resolved to retain four directors including Chief Executive Officer Johan Lundgren, Chairman John Barton and Chief Financial Officer Andrew Findlay at a virtual meeting. Haji-Ioannou, EasyJet’s top investor with a 34% stake, has spent ...
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23 May
Amazon Prime Air to rise fivefold to 200 jets, rivaling UPS
Bloomberg Amazon.com Inc’s Prime Air fleet will grow to about 200 planes — up from 42 now — in the next seven or eight years, creating an air cargo service that could rival United Parcel Service (UPS), according to a study. “At a time when many other airlines are downsizing due to the pandemic, Amazon’s push for faster and cheaper ...
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23 May
UK arrivals to face fines for breaking rules
Bloomberg Passengers arriving in the UK will be forced into quarantine for two weeks and face fines of 1,000 pounds ($1,200) if they break the rules. The plan, which will take effect from June 8, is designed to stop travelers bringing coronavirus into the country after becoming infected overseas, and is likely to have a major impact on the aviation ...
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23 May
China official says Hongkongers won’t be whisked over border
Bloomberg A senior member of Hong Kong’s delegation to Beijing dismissed speculation that new national security legislation would be used to whisk people over the border, as Chinese authorities sought to assuage global concerns about the measure. Maria Tam, vice chairwoman of the Chinese parliamentary committee that oversees Hong Kong’s law, said in an interview that she didn’t believe the ...
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23 May
Trump administration discussed nuclear tests
Bloomberg Trump administration officials discussed whether to conduct the first nuclear test explosion since 1992, the Washington Post reported. A meeting of people representing the top national security agencies discussed the matter, according to the newspaper, which cited an unidentified senior administration employee and two former officials familiar with the deliberations. The matter surfaced after some administration representatives said Russia ...
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23 May
US believes Kim Jong-un is in Greater Pyongyang area
Bloomberg The US suspects North Korean leader Kim Jong-un is currently in the wider Pyongyang area, according to a report by South Korean daily DongA Ilbo that cites an unidentified Washington government official. The official told the newspaper that the US identified what it believed was Kim’s train in Kangdong County this week, and his car and horse was also ...
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23 May
FBI chief orders review of Flynn probe
Bloomberg FBI Director Christopher Wray ordered an internal review of how the bureau handled the investigation of former National Security Adviser Michael Flynn, including any instances of official misconduct. The “after-action review†by the Inspection Division will evaluate the bureau’s role in the Flynn investigation and look into whether any current bureau employees engaged in misconduct, according to a statement ...
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23 May
British officials defend Johnson aide’s travel
Bloomberg UK government officials defended Boris Johnson’s chief adviser Dominic Cummings, who is facing calls to resign after reports that he broke the UK government’s lockdown rules. Cummings “believes he behaved reasonably and legally,†according to a statement from an unidentified spokesman for 10 Downing Street. He was seen more than 250 miles (400 kilometres) from his London home shortly ...
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23 May
Biden says he was ‘cavalier’ in remarks on black voters
Bloomberg Joe Biden said he should not have been “cavalier†about support from African Americans and insisted he does not take black voters for granted after a backlash over his comments earlier in the day that if a voter is still undecided, “you ain’t black.†“I shouldn’t have been such a wise guy,†he said on a call with the ...
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