Category Archives: CNN – Business News

Thousands of people are volunteering to be laid off

Thousands of people are volunteering to be laid off

Who would want to lose their job in the middle of the worst job market since the Great Depression? Believe or not, thousands of people would. More than 10,000 people have already accepted buyout offers to leave their companies, despite unemployment being at the highest level of their lifetimes. And with more employers putting similar…MORE

American Airlines expands its US flight schedule for July

American Airlines expands its US flight schedule for July

The airlines’ summer travel season won’t be as busy or profitable as last year’s. But it’s looking less dire than expected. American Airlines is seeing “improving demand for air travel,” the company said Thursday, prompting it to plan a sizable increase in flights for July. American will fly 55% of its normal domestic schedule next…MORE

Thousands of aviation jobs have gone already. The shock wave puts many more at risk

Thousands of aviation jobs have gone already. The shock wave puts many more at risk

The fallout from the coronavirus pandemic has gutted airlines and is now spreading to companies that make the parts and systems powering their planes, threatening to devastate a highly skilled workforce and hamstring the industry’s eventual recovery. About 1.2 million people around the world work in civil aerospace, including engineers, aircraft designers and factory workers,…MORE

Cities criticized for shutting down bikeshare amid protests, pandemic

Cities criticized for shutting down bikeshare amid protests, pandemic

US cities are drawing criticism from bike advocates and Lyft, the country’s largest bikeshare operator, for shutting down the bikeshare systems that city officials previously deemed as essential during the Covid-19 pandemic. Local governments say they’re concerned the bikes will be used for violence and looting during protests following the death of George Floyd. Critics…MORE

Blogs

4:20 Flashback: 747

4:20 Flashback: 747

This bands personal Boeing 747 was badly damaged after colliding with a tow truck while grounded at Santiago, Chile, 2016.