Restrictions Ease in U.S.; No Lockdown for France: Virus Update Bloomberg 2/4/2021 Bloomberg News
(Bloomberg) Dozens of U.S. states are releasing vaccines left over from a federal initiative for nursing homes, increasing supply for other eligible people like essential workers and seniors. New York City hospitalizations surged after the snowstorm, Mayor Bill de Blasio said. Around the U.S. restrictions are lifting as the outbreak eases.
Wisconsin’s governor issued a new face mask order immediately after the legislature repealed his earlier one. Texas set a daily record for vaccinations.
The Bank of England forecasts that the U.K. economy is heading for a powerful rebound as a consequence of the government’s aggressive push to vaccinate its citizens. France said a new lockdown is not justified at the moment.
American Airlines warns of up to 13,000 layoffs
AFP, NEW YORK
American Airlines Group Inc is to notify 13,000 workers that they could be laid off due to the prolonged industry downturn if the COVID-19 situation does not improve and US government aid is not extended, the carrier said on Wednesday.
The airline expects to fly at least 45 percent less in the first quarter, the carrier’s executives said in a letter to employees, extending the industry slump as expectations for a travel recovery are delayed due to the slow rollout of COVID-19 vaccines.
“Of course, this is not where we want to be, and we will work with union leadership to do everything we can to mitigate job impact as much as possible,” American chief executive officer Doug Parker and president Robert Isom said in the letter.
Restrictions Ease in U.S.; No Lockdown for France: Virus Update
Bloomberg 2/4/2021 Bloomberg News
(Bloomberg) Dozens of U.S. states are releasing vaccines left over from a federal initiative for nursing homes, increasing supply for other eligible people like essential workers and seniors. New York City hospitalizations surged after the snowstorm, Mayor Bill de Blasio said. Around the U.S. restrictions are lifting as the outbreak eases.
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Wisconsin’s governor issued a new face mask order immediately after the legislature repealed his earlier one. Texas set a daily record for vaccinations.
The Bank of England forecasts that the U.K. economy is heading for a powerful rebound as a consequence of the government’s aggressive push to vaccinate its citizens. France said a new lockdown is not justified at the moment.
American Airlines (AAL) 2020 Q4 Quarterly Report Analysis
American Airlines Group Inc. (NASDAQ:AAL) is one of the leading U.S. airlines, operating in 240 destinations across America, Canada, Mexico, and the Caribbean. It was founded back in 1934 by the merger of about 85 small companies. American Airlines expanded aggressively between the 1970s and 1990s to strengthen its international presence, mainly by acquiring routes of other airlines.
The Fort Worth, Texas-based airline just had one of the most difficult years in its history. The company last week posted its biggest-ever annual loss, as the pandemic severely affected its operations.
American Airlines reported a loss of $2.18 billion, or $3.81 for the fourth quarter, as compared to earnings of 95 cents per share in the comparable period of 2019. On an adjusted basis, the loss came in at $3.86 per share, narrower than the consensus forecast of $4.11 per share. For the full year, the company reported a loss of $8.9 billion.