Coronavirus

Southwest Airlines to Suspend All International Flying, Reduce Total Capacity by 25%

Southwest Airlines to Suspend All International Flying, Reduce Total Capacity by 25%

Southwest Airlines announced it will temporarily suspend all international operates effective Sunday and reduce total capacity by at least 25%.
The decision to suspend international service was based the fact that numerous governments are restricting travel across their borders as well as the State Department Level 4 warning advising Americans not to travel abroad.
The capacity reduction will be in place from Sunday until additional capacity reductions go into effect on April …

Norwegian Air Offered $271 Million State Bailout

Norwegian Air Offered $271 Million State Bailout

The government of Norway said it would provide struggling airline Norwegian Air with credit guarantees of 3 billion Norwegian Krone ($271 million) to help weather the downturn due to the current pandemic.
The money comes with a catch: Norwegian has to convince commercial lenders to loan it an additional 30 million Krone  in order to receive the full 3 billion. The airline also must convince its creditors to postpone installment payments …

World’s Happiest Country is (Once Again) Finland – But What Does This Mean in an Age of Coronavirus

In the midst of a pandemic, the idea of the world’s happiest country takes on new meaning.
If anything, the criteria the creators of the rating system used in the World Happiness Report, prepared by the United Nations, are even more relevant in the age of the coronavirus, with considerations that include the social safety net and other support systems a country has in place before trouble strikes.
Perhaps not to anyone’s …

Coronavirus Update: Lockdowns in California, Taiwan Closes Borders, Today is World Happiness Day

Coronavirus Update: Lockdowns in California, Taiwan Closes Borders, Today is World Happiness Day

IN BRIEF
Happy World Happiness Day. Ironically, today is World Happiness Day, which may be hard to believe for some.  The world’s happiest country as per the U.N. World Happiness Report, Finland, with a population of 5.5 million in 2019, has only 450 confirmed cases of Covid-19 and has reported no deaths from the virus. The world’s second and third happiest countries, Denmark and Switzerland, with 2019 populations of 5.8 million …

American Airlines to Operate Cargo-Only Flights with Passenger Aircraft

American Airlines to Operate Cargo-Only Flights with Passenger Aircraft

American Airlines announced plans to operate a series of cargo-only flights utilizing passenger aircraft that have been temporarily grounded due to the coronavirus outbreak.
The world’s largest airline hasn’t operated scheduled cargo-only flights since 1984. Those flights ended due to the retirement of its fleet of Boeing 747 freighters.
The first such flight will operate from Dallas/Fort Worth International Airport and Frankfurt Airport, departing on Friday.  The airline will operate a second …

JPMorgan Chase to Temporarily Close 1,000 Branches

JPMorgan Chase to Temporarily Close 1,000 Branches

JPMorgan Chase said it plans to temporarily shutter 20% of its branches across the country in an attempt to protect employees and customers as well as stem the spread of the coronavirus.
The news came in a memorandum to employees from Thasunda Duckett, CEO of Chase Consumer Banking.
“This will help us protect our employees as we provide essential services to our customers and the communities we serve,” the bank said in …

State Dept. Tells Americans Not to Travel Abroad, If Abroad Arrange for ‘Immediate Return’

State Dept. Tells Americans Not to Travel Abroad, If Abroad Arrange for ‘Immediate Return’

The U.S. State Department raised its travel alert to Level 4 for all countries outside the United States in an effort to stop Americans from traveling abroad.
The Level 4 alert, which is unprecedented, said that Americans who travel overseas may find their travel “severely disrupted,” adding that they “may be forced to remain outside of the United States for an extended timeframe.”
Level 4 is the agency’s most severe warning. Most …