SARASOTA, Fla. - April 23, 2020 - (Newswire.com)
COVID-19 has had a significant impact on the airline industry, and upcoming earnings reports announced by several major airlines will provide more insight into how severely they have been affected. American Airlines Group Inc. (AAL), Southwest Airlines Co. (LUV), and JetBlue Airways Corporation (JBLU), are among some of the largest airlines that have announced earnings reports this April. Together, these three airlines alone represent a total market cap of over $25 billion.
American Airlines Group Inc. is a major American airline, amongst the world’s largest, operating a fleet of approximately 942 aircraft. A spokesperson for the company’s pilot union recently announced that nearly 4,800 pilots have agreed to take a short-term leave of absence, and will be credited to approximately two-thirds of their usual pay. Of those 4,800 pilots, 715 opted for early retirement.
Southwest Airlines Co. is a passenger airline operating in the United States and limited international markets. In an effort to adapt to the new normal created by COVID-19, Southwest has recently begun testing a new method of disinfecting aircraft interiors in between flights using electrostatic sprayers, machines typically deployed in hospitals.
JetBlue Airways Corporation is a passenger carrier airline providing air transportation services. JetBlue recently announced a temporary consolidation of operations in five major metropolitan areas in the US. The revised schedules, which will take place from April 15 to June 10, are aimed at reducing excess flying during a time of low demand for air travel as a result of the COVID-19 pandemic.
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Original Source: Major Airlines Announce 2020 Earnings Reports
