Chief executives of major airlines in the United States will confer with Vice President Mike Pence to discuss a range of issues related to the ongoing pandemic.What Happened The CEOs of American Airlines Group Inc (NASDAQ: AAL), Delta Air Lines, Inc (NYSE: DAL), Southwest Airlines Co (NYSE: LUV), United Airlines Holdings Inc (NASDAQ: UAL) and JetBlue Airways Corporation (NASDAQ: JBLU) will meet with the Vice President at the White House on Friday. The chief executives will discuss restrictions on U.S. travelers to be imposed by the European Union, temperature checks at U.S. airports, contact tracing airline passengers, and the likely impact of the pandemic on travel demand, sources told Reuters.Why It Matters Officials from the E.U. are mulling a travel ban on the U.S., as the country has failed to contain COVID-19. The bloc plans on reopening borders July 1 to international travelers but may not allow U.S. visitors, a blow to the prestige of both the U.S. and President Donald Trump's presidency, reported the New York Times. A possible E.U. ban would be a huge setback to airlines, as some such as Delta were planning to restart flights between New York and Athens, and Lisbon, both popular tourist destinations in the summer. According to data from the Bureau of Transportation Statistics, flights to Europe and other destinations made up 17% of United Airlines' passenger revenue in 2019 and amounted to $7.4 billion. For Delta, the figure was 15% and for American Airlines 11% translating to $6.4 billion and $4.6 billion, respectively. See more from Benzinga * IPO Market Hiccup As Albertsons Offering Fails To Meet Expectations In Both Price And Scale * TikTok's Virtual Pride Event On Zoom Canceled After Homophobic And Racist Trolls Disrupt It * Verizon Hits The Pause Button On Facebook Advertisements In Support Of Civil Rights Campaign(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
from Yahoo Finance https://ift.tt/2A4QRCj
Leave a Reply