The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis.
A Saudi fund group has bought a significant number of shares -over 8 percent of the total- in the cash-strapped cruise company, according to a news report posted by CNBC.
The situation for airlines in the United States keeps getting worse. Federal officials on Friday ordered airlines to reimburse customers for canceled flights, saying a growing number of passengers are complaining.
Airbnb is committing $250 million to put toward hosts who have been impacted by COVID-19, The Crunch website reports.
A March 26 report indicates that German industrialist Heinz Hermann Thiele has increased his ownership of the Lufthansa Group to become the airline companies’ biggest single shareholder.
Shares of cruise lines have taken on more water after the industry's major players were shut out from government assistance.