The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to national and global response, the work place and the spread of the virus.
TRAVEL & LODGING: All aspects of travel, road, rail and air, have been transformed during the pandemic. Many hotels remain vacant.
— JetBlue Airways swung to a $268 million loss in the first quarter. It made a $42 million quarterly profit last year. Revenue slumped 15%. President Joanna Geraghty said bookings remain “extremely limited.” The New York carrier said Thursday that after negotiations with Airbus, it cut $1.1 billion in aircraft expenses through 2022. It’s taking $936 million in federal relief and has applied for another $1.1 billion in loans from the U.S. Treasury.
— Air France-KLM suffered a first-quarter loss of 1.8 billion euros, but…
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