The Chicago-based airline, which has 21 Max jets in its fleet and plans to take another two dozen this year, hasn’t seen a notable trend of customers booking away from the aircraft.
Boeing s 737 Max extends comeback as United Air readies flights bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
NEW YORK (Reuters) - Months before the irrational trading in GameStop Corp, there was Hertz Global Holdings Inc.
FILE PHOTO: Logos of car rental company Hertz are seen outside Paris Charles de Gaulle airport in Roissy-en-France during the outbreak of the coronavirus disease (COVID-19) in France May 19, 2020. REUTERS/Charles Platiau/File Photo
Operating under bankruptcy protection last spring once the COVID-19 pandemic wiped out its business, the car-rental giant confronted an extraordinary situation: Its stock price was skyrocketing for no apparent reason.
Conversations at the time among Hertz management and directors on its board, reported here for the first time, turned from shock to a vigorous debate about whether the company should capitalize on its unexpected good fortune and sell shares to fund itself during bankruptcy proceedings, according to three people familiar with the deliberations.
Global air travel might not get back on a roll until 2023: ‘It’s going to be a long haul out of this’
Updated Feb 07, 2021;
Posted Feb 07, 2021
A floor sign reminds travelers to keep social distancing measures in Terminal 3 at O Hare International Airport in Chicago.(John J. Kim/Chicago Tribune/TNS)TNS
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As coronavirus vaccines started rolling out late last year, there was a palpable sense of excitement. People began browsing travel websites and airlines grew optimistic about flying again. Ryanair Holdings Plc even launched a “Jab & Go” campaign alongside images of 20-somethings on holiday, drinks in hand.
It’s not working out that way.
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Edgard Garrido/Reuters
Months before the irrational trading in GameStop Corp, there was Hertz Global Holdings Inc.
Operating under bankruptcy protection last spring once the COVID-19 pandemic wiped out its business, the car-rental giant confronted an extraordinary situation: Its stock price was skyrocketing for no apparent reason.
Conversations at the time among Hertz management and directors on its board, reported here for the first time, turned from shock to a vigorous debate about whether the company should capitalize on its unexpected good fortune and sell shares to fund itself during bankruptcy proceedings, according to three people familiar with t