Alaska Airlines positions for a comeback
Last updated 9/2/2020 at 11:15am
It is no secret that airlines were clobbered by the coronavirus pandemic. What started as a promising year quickly went south. The COVID-19 outbreak has all but shut down travel.
Today, airlines operate at a fraction of capacity. The 3 million passengers carried by U.S. carriers in April 2020 was a 96 percent decline from April 2019, the Bureau of Transportatiaon Statistics reports. To absorb the sudden blow, airlines parked planes, drastically cutback schedules, furloughed workers, and sought federal financial relief.
Like the rest of the airline industry, Alaska faces tremendous challenge...