Airlines Try Ultra-Cheap Fares to Get the World Flying Again
By
January 7, 2021
A member of flight crew sits next to social distancing signs at LondonÂs Heathrow Airport. Photographer: Chris Ratcliffe/Bloomberg
(Bloomberg) The nightmare year of 2020 brought the airline industryâs first decade of sustained profitability to a shuddering halt. The coronavirus pandemic tore through in a tumultuous, unprecedented way, leaving carriers in a deep hole, along with a constellation of aerospace manufacturers, airports and leasing firms.
2021 is shaping up to be a transition year for an enterprise that takes passengers on the equivalent of 208 million annual trips around the globe. At best, the path ahead will be bumpy, with progress toward a return to travel dependent on the pace of vaccine roll-outs, access to capital, government policies and the unpredictability of a virus thatâs not yet fully understood. Still, there will be leaps, including th
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Surpassing Jeff Bezos. 20:52
Image: Liesa Johannssen-Koppitz, Bloomberg
Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, is now the richest person on the planet.
A 4.8% rally in the electric carmakerâs share price Thursday boosted Musk past Amazon.com Inc. founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the worldâs 500 wealthiest people.
The South Africa-born engineerâs net worth was $188.5 billion at 10:15 a.m. in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp., or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race.
Airlines try ultra-cheap fares to get the world flying again
2021 is shaping up to be a transition year for an enterprise that takes passengers on the equivalent of 208 million annual trips around the globe. Text Size:
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The nightmare year of 2020 brought the airline industry’s first decade of sustained profitability to a shuddering halt. The coronavirus pandemic tore through in a tumultuous, unprecedented way, leaving carriers in a deep hole, along with a constellation of aerospace manufacturers, airports and leasing firms.
2021 is shaping up to be a transition year for an enterprise that takes passengers on the equivalent of 208 million annual trips around the globe. At best, the path ahead will be bumpy, with progress toward a return to travel dependent on the pace of vaccine roll-outs, access to capital, government policies and the unpredictability of a virus that’s not yet fully understood. Still, there will be leaps, including the first commercial flights to nea
The Tesla executive s net worth rocketed to US$188.5 billion on January 7 by Devon Pendleton and Dana Hull | January 7, 2021
SHARE STORY In a Sept. 29, 2015, file photo, Elon Musk, CEO of Tesla Motors Inc., talks about the Model X car at the company s headquarters, in Fremont, Calif. Marcio Jose Sanchez / Associated Press
Elon Musk, the outspoken entrepreneur behind Tesla and SpaceX, is now the richest person on the planet.
A 4.8-per-cent rally in the electric carmaker’s share price Thursday boosted Musk past Amazon.com founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.
The South Africa-born engineer’s net worth was US$188.5 billion at 10:15 a.m. in New York, US$1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp., or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the pri
Tesla CEO Elon Musk (File photo)
NEW DELHI: Elon Musk, the outspoken entrepreneur behind Tesla Inc and SpaceX, is now the richest person on the planet.
A 4.8% rally in the electric carmaker’s share price on Thursday boosted Musk past Amazon.com Inc founder Jeff Bezos on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.
The South Africa-born engineer’s net worth was $188.5 billion at 10:15 am in New York, $1.5 billion more than Bezos, who has held the top spot since October 2017. As chief executive officer of Space Exploration Technologies Corp, or SpaceX, Musk is also a rival to Bezos, owner of Blue Origin LLC, in the private space race.