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Posts about Embraer ERJ 170-200LL (ERJ 175) written by Bruce Drum

Alaska Air suffered another big quarterly loss, but has stopped the cash bleed Published 4 hours ago Share on Facebook Print article SEATTLE, Wash. — The parent company of Alaska Airlines on Thursday reported another big loss in the first quarter of 2021, yet offered a ray of hope that an airline recovery is in sight. In March, a year after the pandemic first paralyzed air travel, Alaska finally managed to stop bleeding cash. With the COVID-19 pandemic drastically reducing revenue, Alaska Air Group’s net loss for the first quarter was $131 million, or $1.05 per share. The lo...

Help Save People's World The economic crisis has hit People's World hard. We need the support of all our friends and readers to continue publishing. Flight Attendants union leader: It’s safe to fly—with masks on April 23, 2021 10:10 AM CDT By PAI People walk through Terminal 4 of the Sky Harbor International Airport with masks on, April 1, 2021, in Phoenix. | Kirby Lee via AP WASHINGTON (PAI)—It’s safe to fly now, despite the coronavirus pandemic, as long as you keep your masks on the entire flight, says Associat...

SkyWest to Receive $250 million through Payroll Support Program 3 Under the American Rescue Plan Act of 2021 News provided by Share this article Share this article ST. GEORGE, Utah, April 23, 2021 /PRNewswire/ -- SkyWest, Inc. (NASDAQ: SKYW) ("SkyWest") today announced that its wholly-owned subsidiary SkyWest Airlines has entered into a Payroll Support Program 3 Agreement with the U.S. Treasury Department to receive a total of approximately $250 million under the American Rescue Plan Act of 2021. SkyWest received half of the $250 million on April 23, 2021 and expects to receive the remaining ...

American Airlines Group Inc. today reported its first-quarter 2021 financial results, including: First-quarter revenue of $4.0 billion, down 53% year over year on a 39% year-over-year reduction in total available seat miles (ASMs). First-quarter net loss of $1.3 billion, or ($1.97) per share. Excluding net special items 1, first-quarter net loss was $2.7 billion, or ($4.32) per share. Raised $10 billion through debt offering backed by the AAdvantage program and used a portion of the proceeds to prepay in full the secured loan from the U.S. Department of the Treasury. Ended the first quarter w...