that is required already at frontier airlines, jetblue, united airlines, delta air lines, american airlines in the next few days. delta air lines, american airlines in the next few days. that is really a key component here, and really important. there are still efforts by the airlines to put proper procedures in place to make sure that we are disinfecting the aircraft and disinfecting different areas in the airport. airlines have already put social distancing policies in place, but those are not consistent on the airplanes themselves. so it is much better than it was a few weeks ago. take stepsl need to to be able to say that it is absolutely safe to fly. i think that we are in a better place where we can try to protect you. if you get to a gate and the airplane is full, and it is an airline that has not mandated the masks, that is a little concerning at this point. but we are taking steps to make it better. news,a story from ky w flight attendant union wants covid-19 airline safety rules. sara, you are talking about the airlines taking action. theould like to see osha, department of transp

how can the airlines survive?> this is the biggest financial crisis the commercial industry has ever faced. we reduced our schedule to try to make sure that when demand does start to bounce back that united airlines can bounce back quickly to meet that demand. >> reporter: despite outrage from critics who felt airlines were mismanaged long before this pandemic, the white house agreed to a $25 xwl billion bailout for the midge u.s. airlines comprised of grants and loans but some are still seeking billions more in federal loans to survive. is the government funding going to be enough? >> the assistance we received from the federal government was basically intended to cover our labor costs, our payroll expenses in the next six months and the truth is it only covers part of those labor costs in the next six months even including amounts we're expected to pay back to the federal government. >> every airline flying today is flying on taxpayer dollars. government funding for airlines will run out by the end of september.

boeing, airlines, et cetera. is nothing wrong with the airlines and airline or two going chapter 11 route, shedding some routes, guesting rid of some planes, being a little leaner and meaner. the airline stocks are down 62%ish since february. clearly the market sniffs out they have a problem. who in their right mind will sit in a middle seat anytime soon? who is going to jam pack the airlines anytime soon without either really strong anti-virals or vaccines or new protocols? cheryl: sure. >> so the airlines have huge challenges. there will be a few that are going to survive and thrive. but i would certainly not take a huge stake, a huge sector play in the airlines right now. cheryl: yeah. >> not a intelligent move. cheryl: no, you're right. it always was i think at the end of the day. paul, thank you very much. great points from you. >> thank you. cheryl: i dated myself probably more than you did. thank you very much. >>> twitter ceo jack dorsey said most of his employees can work from home permanently. what does

the airline associations and essentially what they were there to tell the senate was that the airlines are in big trouble they're not making money they have about a dozen people averaging between the 4 major air carriers in the united states united southwest american and delta that they are seeing about a dozen people per flight right now 12 people per flight traveling across the country which of course is unsustainable they're saying that about $10000000000.00 a month that's what the airlines are losing trying to survive this pandemic right now and they're also saying that even though they have received billions of dollars from the federal government to help bailout those airlines that they still need to make cuts now part of that condition as you know fair and with this money that was given to the cares act is that airlines cannot furlough or lay off employees until at least october but some airlines like united have already started cutting hours for their employees they're not supposed to do that in fact that's one of the concerns that lawmakers had today is essentially saying they

services, of airline tickets. mr. calio: it harms the consumer because the recovery will be longer, the chance of keeping the most employees on board will be undermined, and if you want to look at it from an end buyer mental point of view, we should not be flying airplanes that are empty. sen. lee: sure. when we look at it from a taxpayer standpoint, we have set aside a certain amount of money to help with this crisis. wouldn't those same dollars go farther if we allowed additional x ability for airlines to take into account flights as to which there is no demand? mr. calio: they would. sen. lee: i think there is something of a false argument that the aviation industry cares nothing about health and safety of its customers or its employees. that ignores a fundamental truth that unhealthy customers and employees mean that you go out of business. it stands to reason that if you mistreat those who are your customers order employees, either one of them, especially both of them, it is not going to be good for business.

, airlines, t.s.a. is using them for their screeners and i read just today that t.s.a. is contemplating requiring passengers when they present themselves at screening to be wearing face masks. people working at airports and people passing through airports wearing face masks. senator blumenthal: the last category, people passing through. you can control t.s.a. and control airport employees but without a mandate, it's going to be voluntary. would you be in favor? i recognize there is a growing consensus. shouldn't there be a federal mandate? >> there needs to be the very groups that you identified, c.d.c., h.h.s., working together to come up with federal guidelines to make sure we have a consistent approach throughout the travel experience no matter which airline or which airport you travel to. mr. calio: it's something that needs to be seriously considered. we are requiring it now. customers facing employees, we are requiring of our customers and there are a lot of questions that arise from that and when

airlines tumbled on monday. following warren buffett's comments american delta and united dropped 12 percent while southwest dropped 8 percent this comes after his comments warren buffett. after he said. all of their entire state did this move surprise you. didn't surprise me too much i think it caught some people by surprise in that you know warren buffett's been been down on airlines for years he's been down on the airlines since 2007 it was only until kind of around 2015 that he started to buy up some of those stocks again so the fact that he did this i think is not terribly surprising knowing its history what is surprising is he did it after the government came in with bailout money for the airlines and he made the comment that he said i think most c.e.o.'s have done their jobs pretty well if you think most them have done their jobs pretty well why are you jumping out now and i think part of the reason for it is because buffett may have expected as some of the c.e.o.'s had hoped for but the government was no

down 7 percent american airlines delta airlines and united airlines all down 8 percent so it had a huge effect on the stock of those 4 different companies you know with when warren buffett says he's pulling out it's bad news but we should mention that we're above it's been down on the airlines for a lot of years you know in back in 2007 he talked about how they were terrible invest but he didn't like them then a few years later he decided to get involved with the airlines he bought stake in 4 of them because he saw that they were consolidating and getting back to normal so it's kind of interesting that he's down on them again at the moment when they really probably don't need to be kicked all right so he's a little hot and cold there so if they did do a lot of things right like he says why did buffett jump out jump ship entirely. well that's a good question i mean especially when listen i think we could have a lot of debates about whether or not airlines have done things right warren buffett thinks that they were running their businesses pretty well that the airlines had been run well i

well the airline business isn't going to recover and. time soon the government bailouts require a lion's not to vote for low employees or reduce their rates of crazy until september 30th but it's clear that afterward early ones are going to be smaller than they had been in the past and united has been the most proactive from the very beginning of the pandemic of recognizing that they're going to need to be a smaller line what they're going is going to be less travel demand and so they're also you know been the nose public about the need to shrink the carrier shrink their workforce and while other airlines told their employees that they are going to do their best to accomplish that goal through voluntary early retirement through voluntary leaves united simply said you know expect that we're going to you know shed a lot of pilots a shot a lot of. non-union employees as well and they're going to let them know in mid july with that looks like which is. will we see then surely well the airline industry it will for sure shift bend for the fore

>>consumer reports bill magee says airlines are trying to avoid giving money back with airlines tryingo stay afloat and customers caught in a bad situation vouchers have become the default offer meaning that airlines hold a customer's money until they are willing to fly again mcgee says if your airline goes bankrupt. you may never see your money again, i'm not even sure i'm going to want to travel this year at all diane sampson is from california sarah snoop is from ohio both teachers they canceled their spring break trips as states across the country issued stay at home orders. neither has received refunds from their airlines but instead were offered vouchers and waived fees. >>they have my money from a flight i didn't get to take in bixby up cent. it's you know it's just another symptom of being a you know the whole. >>the hall system is like rigged against little people. >>the department of transportation has issued a memo reiterating that refunds are only required one the airline cancels one the customer cancels they are not entitled to a refund or even a voucher it is up to the a

going to keep you around for that to talk about the airline. so. a showdown is brewing between republicans and democrats in the senate they're negotiating another coronavirus stimulus bill at issue is whether businesses should be shielded from these federal lawsuits if their customers or workers contract covert 19 will republicans are pushing for it while democrats say they will not so fast for more we turn to legal journalist molly barrows computer with america's lawyer molly what are republicans proposing here. well you know they're in the midst of negotiating this 3rd stimulus package and this is proving to be sort of us wrote a roadblock if you will a stumbling block to get this thing going again but republicans and democrats have drawn political lines over whether or not businesses should should be shielded in fact from liability when it comes to the coronavirus as you see the country slowly start to try to get back to business again they're expecting new cases of exposure to the coronavirus of somebody could potentially get sick then they cou

definitely not because the revenue base already has been struggling for most of the airlines and this means that the government might just have to do more or the african governments might just have to do more to help these airlines stay afloat kenya airways for example has been capitalizing on a couple they've called up to 4 of the aircraft to have transportation aircraft that is the passenger aircraft and this is helping to generate revenue and mean the crisis so just briefly up what would happen if an airline such as ethiopian actually went bankrupt. it would actually be a big blow not just to ethiopia back to the rest of the continent if you've been airlines to be the biggest airline on the continent to employees about $500000.00 people so if it was to announce bankruptcy right now that would mean that all of $500000.00 jobs would be lost and add to about $3000000000.00 u.s. dollars worth of revenue in the aviation sector as well last because the african continent in general makes about $6000000000.00 u.s. dollars worth of revenue from the aviation sector. better than i robi thank

airlines are taking a financial head. due to the pandemic and unable to meet a federal mandate to receive bailout bill today they're in the hot seat before a senate committee we're going to discuss that with guns and the sports h.q. regina ham she is flipping through the pages of sports history what will she find to tell you next after the short break. you cannot be both with the yeah you like. is you'll be via reflection of reality. in a world transformed. what will make you feel safe. high salacious or community. are you going the right way or are you being led so. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or a maybe in the shallows. when else so small seems wrong why don't we all just don't call. me old yet to say proud just to become educated and engagement because betrayal. when so many find themselves worlds apart. just to look for common ground. i. well this week the u.s. senate commerce committee is taking a closer look at the effects kovan 1000 has b

worried about potential bankruptcy among the major airlines yet the airline stocks spent the last couplee the pulse of this industry, the best way to do that is with air lease, one of the largest aircraft leasing companies on earth they own 400 planes and lease them to the airlines in february and march falling from the mid 40s to 8 bucks at the lows $30 today, the recent quarter was somewhat disappointing where is it going? let's check in with the founder and executive chairman of air lease who is a legend in the industry get a better read on what's happening. welcome back to "mad money." >> hey, jim, it's great to be back >> all right, steve. late breaking news here. we just found out that boeing is restarting the 737-max building in renton, washington. would they do that if they didn't think there was maybe good news coming from the faa or the airlines >> yeah, they're working very closely with the faa, the airlines and the regulators. they restarted production today. i was in seattle yesterday with boeing management. they're making progress on certification activities, working very c

he would love to see more airlines fail in europe. he runs a very strong airline.t controls are great. you are the german government , you don't want a leisure airline supporting your country. you would also like to have a german flag carrier flying even your leisure passengers. so you can see how michael o'leary thinks some of these carriers should go away and clear some of the playing field and allow a better fare for countries in central europe. u.k.ny, france, even the will want to support those airlines as key drivers of their economy, so importantly, i don't think the deck is going to clear as much as michael o'leary would like. vonnie: are we in for another restructuring of the airline industry globally? it seems like every couple of generations, we have that, whether through regulation or deregulation, or some kind of merger phenomenon or something like that. it feels like we are about due for one. george: agreed. i think it has been 10 years since the last one. typically, what happens is times are good, airlines grow. they grow to support a bigger and bigg

airlines operations have been reduced to one percent of normal operations amid the pandemic. well it leaves them annoying every other airline it isn't getting one of these bailouts one of the major low cost airlines and europe ryanair based out of out of ireland they've been very vocal particularly their c.e.o. michael o'leary michael o'leary never backwards about coming forwards he's described this bailout is another example of illegal state aid as he puts it saying that it will give lost tons of it unfair advantage in the marketplace the german economy minister though he's the one that's been signing off a century on these checks that they put forward this $9000000000.00 bailout he says the reason the german government's getting involved is to keep essentially an aviation institution in german hands. and that. is one of the most traditional german as well as. we have done a convincing signal free market economy but also for the federal government's will to defend the technological and economic sovereignty of this country. well the german government for the head $9000000000.

past for now the reality is just sort of counters and grounded planes like other airlines around the world the german flag carrier has been pretty much put out of business by covert 19 with almost all flights canceled on any given day no more than $3000.00 passengers are boarding one of the few remaining connections less than one percent of tonnes us normal capacity the company's burning through cash losing $1000000.00 euros per hour at that rate tons of cash reserves will be depleted by late summer at the annual meeting online c.e.o. carson sure made it clear the company is in desperate need for a bailout. or has a line. we can't make it alone we need support right now the very future of lufthansa is at stake. with the help of our government goal must be to prevent insolvency. but berlin seems weary to just sign the check the government is eyeing a 25 percent stake in the company not what look terms i has in mind. because in. we got into this crisis through no fault of our own. now we need state support but we don't need state management the numbers are on shore side 2019 was the ye

this is the worst disaster for airlines since the history of aviation. >> reporter: so airlines are launching major pr campaigns. >> travel with delta is cleaner than ever. >> reporter: new methods of cleaning. jette blue released this video. showing the way air circules on board. >> i don't have safe. onth will e a best case scenario. most airlines and airline experts expect it to make much longer. >>> coronavirus outbrea multiple meat-processing plans could lead to potential shortages at the grocery store. going meat-free whereon day a week couldize the strain. >> now is a great time to explore a different option. how good you feel comes down to the food you eat. eating things that are really headlight. >>> we've seen a steep decline in bridge traffic. there is a significant environmental upside. >> a new report published we uc dave. driving has inclined bypass 7%. >> that's led to clearer skies and a huge dip in greenhouse emissions. decline has resulted on getting us back on track to meet the target. >> we're i sor meeting our annu. yearly goals inform an eight-week period. >>> marine lay

in airline, plurals, stock. there's a very specific reason i'm in alaska airlines which is it has almost no debt net of cash on its balance sheet. the other three have tens of billions of net debt the thesis here, it's part of a portfolio. i can't just own microsoft and amazon and all those sorts of names. i want to have something that will have a bit upside i think the airline industry as a whole will survive i look at a company like alaska as the only one within that regime that is best positioned to last a 90% decline in revenues for the immediate future frankly, i've done the only sis. i think it can go nine mopnths with zero revenue. at the end of the day, we're investors. we're picking stocks i'm not recommending the airline industry as a whole, have not and will not alaska airline s a special stock that's worth a look based on its balance sheet. >> these are two conversations there's the survival of the industry we're not going to let the airlines go out of business. that's not going to happen the industr

and later told at 19 outbreak has caused a major disruption in the travel industry particularly airlines as we dig into the struggles of the sector we have a packed show today so let's dive right in. and there is a big move coming from u.s. president donald trump the president will reportedly target facebook and twitter in an executive order regarding social media according to a draft that appears to have leaked online now the draft version of the order which could still change names facebook google and twitter and targets a section of u.s. law under which tech platforms largely are liable for what their users post and are fairly free to police content joining us now to discuss this with a bunch co-hosted investigative journalist of course ben swan now ben there's a lot on packer what exactly is the rule that president trump is attempting to amend and why is he actually doing that and how big of a deal would it be for these social media companies yes so let's start at the very end there it's a very big deal it's actually something i've been calling for for about 2 years the president now

frontier airlines, the first domestic airline to announce that it will take the temperature of passengersthey board. temperature checks do not catch every contagious person. in this case, anybody with a fever higher than 100.4 will not be allowed to fly. all major airlines will be requiring passengers wear mask come monday. jetblue lost more than $100 million in the first quarter of this year, compared that to a $50 million profit a year ago. the coo told cnn everything is changing. >> trying to make flying on an aircraft as safe as possible. our perspective is right now most shelter in place orders are only for central travel, but we want to make sure when nonessential travel becomes permitted we have done everything to give customers confidence to begin flying again. >> airlines are doing more deep cleanings, more use of electrostatic sprayers. as you pass through security, the transportation security administration will now require that all of its officers wear face covers. the tsa says more than 500 of its employees have tested positive for coronavirus. at least six have died. wolf? >

, united, delta, pick your airline, they're all down over 60%. now we're seeing ever additional selling. is this the bottom potentially the reopening of the economy and how that coincides with business travel, leisure travel, that will be challenging. we'll see more and more in the month of may i get somewhat opted mystic. i do own american, that's a tough slog the question, is it going to be something similar to post-9/11 two, three years to get the airlines back? we don't know. it is going to be interesting to see the oracle -- the oracle's top five holdings is apple, bank of america, coca-cola, american express and wells fargo. this $4 billion divestiture, if you will, not that big of a deal on his balance sheet. >> let me -- let me get personal quickly to wrap up the segment on a monday morning. you fly every week, you used to fly every week. >> that's right. >> when is the next flight you have booked right now? >> well, i'm hoping to get out at the end of may. i think that may be premature. probably not coming to the east coast but probably

. >> tonight's trader lineup is guy adami, tim seymour, steve grasso and more troubles for the airline industry plus the gold miners and they'll break down how they're making the big move and making the bacon how breakfast is giving a nice sizzle for this food stock. the financials leading today's charge rallying 2.5% and check out this move in wells fargo, the stock climbing 7% today on reports that goldman sachs is considering acquiring the bank we don't normally talk about rumors or speculation except when the stock moves on it and it did so tim, what's your take on the action of wells fargo and what's your take on a possible m and a deal >>. >> well, this kind of news, first of all, this rumor was out a couple of days ago in the market and the market participants didn't do anything with the move because we talked about the down move. this deal makes a lot of sense when we talk about the environment over the last couple of years for both of these players. i think this deal would be a ridiculously difficult deal even if we're going hypotheticals to get through on the regulatory side

the airline industry. far be over rush me for the airline industry. potential to outperform other regions. the bloomberg asia-pacific airlines is up 4% from its industrywide gauge. cannot stay grounded for two long. joining us for an exclusive chat is the new director general of the association of asia-pacific ofies and trade association international airlines based in asia. good to have you with us. grounded,ey will stay and maybe they are flying too soon. india is allowing airlines to fly next week. no doubt, it's domestic flights. yes, i think the aviation industry cannot stay down for too long because too much is at stake. aviation is a driver of economic and social activity. the sooner you get flights the better it is for the economy and social well-being. is india making a mistake of allowing its airlines to fly domestically from next week, even though virus cases continue to climb? subhas: this pandemic has created a crisis in an unthinkable magnitude. time.l take some to start thinking of flights while covid-19 is atll a reality until we can l

airlines likes southwest are making sure the fliekts are not going to be overcapacity but other airlines are not really doing that. and they are in crisis mode. they need the cash. to make sure your environment is safe, you have got do everything possible. >> a journalist this week wrote about her long international flight, and it ended with an 8 hour wait in hong kong to be screened for the coronavirus. and the slow process just to be able to leave the airport there. is her story an extreme case? or is that the future of overseas air travel? >> i read that story and was horrified, you know, doing the luggy testing spitting in and waiting on your own results in a distopian convention hall but hopefully not. iceland has a approach you get tested on arrival and allowed to go to your hotel. and if you do test positive they make sure quarantine. i'm hoping there are more flexible rules like. we really need some federal and international guidance before tourism really bounces back. >> that eight hours. that time line is enough to, totally turn me off. to getting on an international flight. wh

avianca airlines out of bogota colombia could be the 1st major global airline to be taken under by the coronavirus pandemic. on sunday the company of more than 20000 employees filed for chapter 11 bankruptcy. of young guys facing the most on precedent that event in its 100 years of history given the effects of the covered $900.00 pandemic global passenger traffic is coming in at night percent and it is predicted that the global editor at sector will see a revenue fall of about $314000000000.00 according to the international air transport association guys one of the region's largest air carriers but the company's aircraft fleet has been grounded since march the same has been true for most other airlines as governments have been forced border closures and imposed travel restrictions none tougher than argentina were all flights have been banned until september 1st the impact is being felt from budget airlines to the region's largest carriers there is a growing consensus within latin america's airline industry that by the time the coronavirus pandemic is over airlines will be fewer and the

airlines.t does seem as if the government's announcement over the last 24 hours is going to have a significant impact on any reopening of u.k. airlines. does this effectively end the prospect of a summer recovery for those carriers? robert: hi. it is absolutely a blow. i think as we are starting to see other parts of the economy open up, we are seeing restrictions affect the u.k. airlines. many think we are now more uncertain about where we are going in the future. i think as long as there is a quarantine in place, there cannot be a restart to aviation in july. now our priority is to get more detail on what this means, how quickly we can move away from quarantine and start to get on again. guy: do you think this is the death knell for the summer? summer is the most important period for carriers as they fly people on their holiday. obviously, business travel remains under considerable pressure, but the summer period, especially for low-cost carriers, absolutely critical. a length continue for of

. >> it's a tricky situation that airline employees have been put in and is now laid out in the airlinesent to employees by pretty much every major airline late last night. it says flight attendants should not worry about enforcing the mask policies once passengers are onboard. the goal is to avoid confrontation. but without federal rules in place, it's up to the airlines to figure out how to keep you safe. >> norm right now, according to major airlines, but more scenes like this are raising new concerns about whether you can maintain social distancing while flying. change or cancel a trip because of coronavirus, and you are not entitled to a refund, according to new guidance just laid out by the department of transportation. it says you can get your money back within a week if it is the airline that cancels, but if you cancel, what you get back is up to the airline. in the u.s., more than half of all airliners are now parked, but more passengers are stepping onboard a shrinking fleet. the number of people passing through security has climbed to the highest level in six weeks. >> we're

att is required already frontier airlines, jetblue, united airlines, delta air lines, american airlinesn the next few days. that is really a key component here, and really important. there are still efforts by the airlines to put proper procedures in place to make sure that we are disinfecting the aircraft and disinfecting different areas in the airport. airlines have already put social distancing policies in place, but those are not consistent on the airplanes themselves. so it is much better than it was a few weeks ago. take stepsl need to to be able to say that it is absolutely safe to fly. i think that we are in a better place where we can try to protect you. if you get to a gate and the airplane is full, and it is an airline that has not mandated the masks, that is a little concerning at this point. but we are taking steps to make it better. news,a story from ky w flight attendant union wants covid-19 airline safety rules. sara, you are talking about the airlines taking action. theould like to see osha, department of transportation implement the rules industrywide. guest: yes, it i

next, we speak with the ceo of africa's biggest airline, ethiopia airlines.ound the broader aviation questions. this is bloomberg. ♪ bloomberg. ♪ staying connected your way is easier than ever. you're just a tap away from personalized support on xfinity.com. get faster internet speeds with a click. order xfi pods to your home in a snap. or change your xfinity services with just a touch. all in one place. you're only seconds away from all of that on xfinity.com. faster than a call. easy as a tap. now that's simple, easy, awesome. anna: welcome back to the european market open. the session got open to a flying start. we are off our highs, but still up by 1.2% on the stoxx 600 this morning. sectorsgot all of the in europe in positive territory. travel and leisure also very strong. in fact, just one sector in the negatives, real estate. everything else doing very well. at the moment, the market focusing in on catching up with the market. rally with wall street being turned into an early rally here in europe. u.s. futures do look more modest in their expectations,

, one american airline may go bankrupt.lines are sometimes in tenuous situations. where do the protections come in for flight attendants if an airline goes bankrupt? >> there are no protections for flight attendants or consumers in bankruptcy and what mr. calhoun said is incredibly callous as we try to make it work for ourselves and the american public but we have to realize this is a crisis that we have not seen during the entire history of the aviation industry. and the other thing that we did through this federal funding was we made sure there's no stock buybacks. people talk about the airlines shouldn't have been pumping money into stock buybacks but the reality to fix a problem you have to define it and the fact of the matter is that coming out of the bankruptcies after 9/11 and then the mergers, the airlines had to build confidence in investors so people like warren buffett invested again in the airlines when they said we'll give you all the stock buybacks. it is the system. it is not just the airlines but i'll tell y

these are airlines like united airlines.o, gin, it's going to be a while before things get to normal. >> and even before the coronavirus, airlines played a direct role in the way the disease spread around the world. and then you have this pandemic. and obviously, it went global because of the way people travelled. what measures do you think the airlines industry will put in place moving forward? >> well, airlines are going to try their absolute best to make people comfortable while flying. so, you've already seen them roll out these new initiatives. a lot of airlines are cleaning airplanes more thoroughly and often. believe it or not, a lot of airplanes were never cleaned very well so, they're doing that. a lot are putting flight attendants in masks. some basically have hazmat suits, gloves, things like that. u.s. airlines have come out in the past week and they're going to require customers to wear masks. look, i am not a public health expert. it does seem to me that even this may not fix the problems. i've asked basically

so you have to look at those domestic-leaning airlines companies. a whole thing that you have to look at here none of it is great. you have to look at what is the best in a very, very bad environment. >> can you be pessimistic, guy adami, about the airline industry and not want to invest in it and want to be an investor inny booing? >> that's a great question if they price boeing, absolutely i'm not shucking your question forget about the move to $90 in boeing boeing went up 100%. 100% in about two and a half, three weeks from 90 to 180 and no one said a word there will be a level to buy boeing as a trade and still be bearish on the airlines. i don't think we're there yet in boeing i think there's another ten to 15% down side in boeing and to the rest of the panel's point, i mean, these airlines have really not bounced in a meaningful way off their lows at all and the one that actually is maintaining some of the gains is oddly enough united which i think bottomed out about 17 and is trading at 22 now, but look, i think airlines continue to go lower,

also restrictions on where these airlines can go. there's plenty of places that are in lockdown still. that may extend towards the end of the air into next year. it depends on how

airlines. he doesn't know that in two, three years travelers will be returning to the airways the way they have been in the last year or investors' minds this morning. we've seen a lot of losses come through for the travel sector. more than 6% in some cases air france, klm down more than 6. pretty steep losses for the travel sector. >>> asian markets, bearing in mind japanese and chinese markets are closed for the holiday. we have the kospi down 2.7%. the hang seng, down 4.2% in india, the nifty 50 down 5% australian stocks bucking the trend up 1.4%. the prospect of renewed tensions between u.s. and beijing are weighing on that sentiment let's bring in managing partner of sabile capital. what do you make up the ratcheting up of tensions, pressure on beijing from president trump over the last few days we're already dealing with so much in terms of controlling the pandemic now investors dealing with the prospect of heightened trade tensions >> absolutely. thank you for having me on good to see yo

yet airlines remain determined to get back in the skies as soon as possible.arrier wizz air did just that, starting to fly a small number of services in and out of luton. theo leggett, bbc news. to find out if these struggling airlines will survive, i've been speaking to nicky kevlin from travel wesbite, the points guy. it's a big question and i don't think we can be sure. what is for sure is we haven't seen the end of cuts and possible collapses. so, ryan air wasjust next in line after the big announcement by british airways this week. and i think we can be sure that there will be more big announcements to come in terms of cuts and i also don't think that any airline is really safe at the moment. 0nce travel restarts and i know we don't know when that will be, do you expect flights to get cheaper or to get more expensive? another huge question there is so many things at play here. first of all, supply is going to be cut significantly potentially with less routes, the airlines are going to have less staff, less aircraft. and also restrictions on where these ai

you have such a dower outlook for the airlines how can you be so positive on airlin boeing when the airlines are the end user of boeing's products. >> one of the things that helped turn a corner in terms of how i look at them as an investment opportunity is the production restart on the max which took place yesterday. that was a very important signal in my view that tells me that the rerertt rerertty -- recertification is near before that i thought the risk was too great. it's kiechbnd of a black box to figuring out how close they are. once i saw that sort of in the works, it lowered the risk and there's still a risk for boeing. it's such a different business than airlines that i don't think it makes sense for the airlines who have customers who can basically cancel flights at will, doesn't make sense to compare them to a business like boeing who has kind of a ten-year backlog with thousands of planes where customers are contractually committed to buy the majority of those. the fundamentals of that business are still very strong if you look at airlines, the fundamentals are not attractive, i

the biggest discount airline cuts jobs. the chief executive tells -- our interview with michael o'leary is coming. good morning. also happy friday. it has been a long week. this is what your markets are doing and a lot of folks about what we heard from a we heard -- about will we heard from the european central bank. we continue our earnings outlook. was tech yesterday companies. this is what i am looking at, dollars up. u.s. futures are down. treasuries advancing. if you look at trading, holidays across many major markets. gdpecb coming out with calls saying it could be -- it could rebound. of course, this year that gdp could shrink between 5% and 12%. year will be next a lot better. we will have the more forecast. figureseuro area gdp being published. we will delve deeper country by country and give you an update. let's get to new york city with the first word news. viviana: we begin with the u.s. federal reserve expanding the scope of its main street lending program. businesses with up to 15,000 employees will be eligibl

what do the airlines have to say about this? we contacted their trade group, airlines for america. we did not receive a response. the major airline websites say their new policies offer the most flexible travel experience and provide peace of mind. for passengers who choose to cancel on their own, they waived change fees and extended voucher expiration from one year to two years. but senate harris says passengers deserve cash back for their unused airline tickets. >> i spent over $600 on it and right now anything could help play chicken with an airline and wait until the very last minute to cancel your flight, make sure you do it before the flight is scheduled to depart. if you wait too long and do it after that point, you can be assessed a no show fee, and those no show fees are often times huge. they can wipe out the value of your ticket in total leaving you with nothing. i'm chris gamora. >> chris always has the best advice. thanks, chris. >>> 7:26. we have much more ahead for you on today in the bay. coming up, people are being asked to keep away from lake merit and now oakland

back to you. >> a sharp reaction in the share prices for the airlines.t's too much to extrapolate given how important airlines are for the economy and how travel demand is key for the k economy, whether this is a bearish statement on how our economy can bounce back. >> it could be, but i think the airlines are in a particularly difficult situation. just the thought of travel when you have people who aren't even going to work at this point, you're not going to see business travel, and that makes up not only 45% of the overall volume for airlines or had been up to this point it's 55% of the profit levels, too. and i think it's going to be a while before people feel comfortable. you're going to have to see this play out and see if not only the consumer is willing to start -- but if businesses are willing to put their employees on some of the trips. that may be what you see playing out. the stocks are not off as far as they were early this morning at one point i looked and all four of the airlines were down by about 4 % the other issue is what kind of role t

some airlines are getting state i need some airlines are getting loans from their state or guarantees others are not and so there's no common policy across the globe and so we're finding that this passengers are getting quite distraught over the over the wide variation. and so the vasher system the suggested. backed up by the government is to be welcomed but that's not that's not common across the globe and if there is a sort of trade off if it continues because i guess consumers will want to f.a.'s to remain competitive off to these travel restrictions areas then that's only possible if as actually competition right so should they rather be opting for that says rather than refunds. all look absolutely i think i think across the globe we've all got to make concessions this is all costing us money but at the same time you know whether we whether we're supporting our local a alan or a 5 day a lot or a local restaurant with tyco ice. everybody needs help and the airlines are no different because the airlines are losing half of their revenue for 2020 and some of the by a lot sort of being