Hawaiian Airlines and Frontier Airlines became the latest U.S. carriers to seek relief from minimum service requirements included in the Coronavirus Aid, Recovery, and Economic Security Act, as smaller airlines and ULCCs struggle to continue flying to destinations where demand remains badly depressed by the COVID-19 crisis.
Ireland-based ULCC Ryanair has warned that it cannot rule out “extended layoffs and/or job losses” after May 31, given the continuing uncertainty on when airline operations will resume once the COVID-19 pandemic ebbs.
Hanover, Germany-based TUI Group announced April 8 it has signed the contract with German state development bank KfW for a bridge loan of €1.8 billion ($1.96 billion) to cushion the effects of the COVID-19 pandemic until normal business operations can resume.
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