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American Airlines Huge Leadership Reshuffling With Several Vice Presidents And Higher Leaving

Jun 04 2020

American Airlines announced a huge leadership reorganization today, resulting from its effort to shed at least 30% of management staff. A number of Vice Presidents and Senior Vice Presidents are leaving – with voluntary exit packages more generous than what’s previously been disclosed publicly as part of this program – and that has meant reshuffling leadership roles.

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U.S. Will Ban Chinese Airlines Starting June 16

Jun 03 2020

The Trump administration has announced a plan to stop Chinese airlines from flying to or from the U.S. beginning in June 16. This comes after the Chinese government has prevented United and Delta Air Lines from restarting their own services to China.

The Chinese are currently limiting airlines to service levels based on frequency in late March, when U.S. carriers had already suspended Chinese operations. The Chinese government has offered one flight per week.

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President Obama’s Chief Economic Advisor: Airline Bailouts Were “Dumb,” Had No “Conceivable Logic”

May 17 2020

Larry Summers was President Obama’s chief economic advisor, Bill Clinton’s treasury secretary, and President of Harvard University. He’s one of the smartest people on the planet his arguments, both when you agree or disagree, are force to be reckoned with.

Summers explains that by trying to keep all of the airlines alive, you assure that they all have excess capacity and that they’re all unprofitable. That has long-term consequences for the whole economy, “the failure to allow the appropriate economic adjustment is kind of the mistake that Japan made in the 1990s. We need as we realize how long this is going to play to be aware of those risks.”

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