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Thomas Madden of Leyland Private Asset Management says Richard Branson’s offer to mortgage his private island for collateral to bail out Virgin Australia will likely be inadequate. However, he anticipates a lot of interest from private equity, and says if Branson or another airline were to team up with a player who has the cash,
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miodrag ignjatovic Younger Americans are eager to eat and drink out in public again. They will, however, likely shy away in large numbers from festivals, sports venues and international trips for a while once conoravirus lockdowns are lifted across the U.S., perhaps preferring to shop online from home while waiting to see how vaccine trials
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Jonathan Nackstrand | Getty Images For Americans sheltering at home, life, as they once knew it, is on hold. Because of the global pandemic, weddings and graduations are postponed, while upcoming conferences, concerts, sporting events and vacations are all canceled. That has left nearly 4 in 10 adults — or 59 million people —  with out-of-pocket costs,
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Angeles messengers, a religious association, performs at the Santa Fe international bridge in Juarez, Mexico, with posters trying to give a message of hope against COVID-19. David Peinado | Pacific Press | Getty Images Millions are celebrating Easter weekend and Passover separated from their families, friends and religious communities as the coronavirus lays siege on
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File photo of an almost-empty passenger plane. Laurel Chor | Getty Images The country’s largest airlines will have to compensate taxpayers for billions in payroll grants to weather coronavirus, the Treasury Department said Friday, leaving the door open to an aid structure that sparked criticism from labor unions, some lawmakers and industry members. The Treasury
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American Airlines passenger planes crowd a runway where they are parked due to flight reductions to slow the spread of coronavirus disease (COVID-19), at Tulsa International Airport in Tulsa, Oklahoma, U.S. March 23, 2020. Nick Oxford | REUTERS Treasury Secretary Steven Mnuchin said Thursday that he hopes to begin offering “preliminary information” to airlines about
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A message on a sign placed in front of the Welcome to Fabulous Las Vegas sign, where tourists often line up to take photos, displays a message about social distancing due to the continuing spread of the coronavirus across the United States on March 22, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images
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