Coronavirus

American Airlines cuts October flying capacity by 55%

The move comes on the heels of news that the airline will furlough or layoff approximately 19,000 employees in October following the expiration of federal aid allotted to the industry under the CARES Act.

Bankrupt Hertz seeks $5.4M in executive bonuses

Just months after Hertz Global Holdings Inc. shelled out $16.2 million in extra pay meant to keep executives from leaving as the coronavirus pandemic decimated the travel industry, the car-rental company wants to pass out an additional $14.6 million in bonuses.