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'This is not a drill': Stocks tank and bond yields tumble as coronavirus...
Stocks dropped and bond yields fell on Friday as investors reacted to worrying estimates of coronavirus' economic impacts.The benchmark 10-year Treasury yield slumped to a record low of 0.74%."The bond...
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Shifting Gears: Airlines had a very, very bad week
As the novel coronavirus continues to spread — having now topped 100,000 confirmed cases — it's having a disastrous effect on demand for airlines, cruise ships, and other means of transportation.Want...
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It's been 20 years since smoking was completely banned on all US flights....
Smoking and airplanes once went hand in hand but the practice is now largely banned the world over. US government regulations on smoking on airplanes first began in the 1970s and culminated in smoking...
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Airlines are losing big because of the coronavirus outbreak and experts say...
Over the last two months, as the COVID-19 outbreak has exploded around the globe, the airline industry has gone from jovially optimistic about its prospects for 2020, to preparing for a negative...
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American and Delta suspended their 2020 guidance as the coronavirus wreaks...
Delta on Tuesday suspended its 2020 financial guidance as the novel coronavirus wreaked havoc on the airline industry. Across the board, American carriers have cut capacity, warned of falling revenues,...
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Cathay Pacific's profits fell nearly 30% as Hong Kong protests and the...
Protests in Hong Kong and the novel coronavirus caused Cathay Pacific to face a "substantial loss" this year, the airline said Wednesday.The Hong Kong-based carrier said profits fell more than 27% as...
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'This is not a bailout': Treasury Secretary Mnuchin defends Trump rescue plan...
Steven Mnuchin defended the White House rescue plan for the travel sector and said it wasn't a "bailout.""We are not looking for bailouts. But there may be specific industries that are highly impacted...
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Travelers worldwide are cancelling trips over coronavirus fears — but...
Some millennials are buying cheap flights amid coronavirus concerns, reported Ben Kesslen for NBC.While some people are self-quarantining or canceling trips, these millennials seek an affordable...
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'Real killer blow': Global airline stocks plunge on Trump's travel ban and...
Global stocks plummeted after President Donald Trump imposed travel restrictions from several European countries.The European travel and leisure index was down nearly 10%, while US airline stocks...
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Oil prices 'crater' more than 6% after Trump bans travel from Europe over...
Brent crude and WTI prices slumped more than 6% after President Donald Trump imposed ban on travel from Europe in order to tackle the growing spread of coronavirus.Global airline stocks plummeted in...
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Warren Buffett's Berkshire Hathaway loses more than $3 billion as coronavirus...
Warren Buffett's Berkshire Hathaway took another hit after President Donald Trump unveiled travel restrictions on Europe in response to coronavirus, hammering airline stocks.The billionaire investor's...
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A JetBlue passenger who flew from New York to Florida has tested positive for...
A JetBlue passenger who flew Wednesday tested positive for the coronavirus. Local news reports said passengers were allowed to leave the plane without medical tests after it landed in West Palm Beach....
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A major flight-attendants' union is denouncing Trump's sudden European travel...
President Donald Trump's announcement on Wednesday that the US will halt travel from 26 European countries for 30 days in response to the coronavirus has left some flight attendants reeling. The...
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JetBlue's CEO said the fallout from the coronavirus outbreak is worse than...
Airlines have been hit hard by the coronavirus outbreak, from travel restrictions to consumer fears. JetBlue CEO Robin Hayes recently said that the demand for flights has fallen more from the...
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Low-cost European carrier Norwegian Air may be the first casualty of Trump's...
Norwegian Air is reducing its long-haul flying by 40% following President Trump's restrictions on travel between Europe and the US.The low-cost airline's business model makes it particularly vulnerable...
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An American Airlines pilot has tested positive for the coronavirus (AAL)
American Airlines confirmed Friday that one of its Dallas-based pilots tested positive for the coronavirus. The company declined to share which routes the employee recently flew, but noted risk of...
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26 famous airlines that have gone out of business
British airline Flybe went out of business in March 2020 thanks to coronavirus-related drop in travel demand — Air Italy fell just one month earlierThomas Cook is just the latest airline to shut down...
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Over 40 international routes suspended as American, Delta, and United react...
American Airlines, Delta Air Lines, and United Airlines have announced adjustments to their transatlantic route networks following President Donald Trump's European travel restriction that will see...
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Delta, American, and other airline workers say coronavirus travel bans and...
Airlines are seeing demand continue to drop as the novel coronavirus spreads. Their concerns escalated this week when President Trump effectively banned travel from Europe for 30 days.The fall in...
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Shifting Gears: Coronavirus has airlines on bankruptcy watch
Hello and welcome to another issue of Shifting Gears, Business Insider's weekly wrap-up of all things planes, trains, and automobiles (and other stuff).Coronavirus is still top of mind and has...
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