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U.S. airlines have begun furloughing or laying off tens of thousands of employees, including pilots, after Congress failed to pass a new bailout bill that is supported by members of both parties and the White House.

Axios Re:Cap digs into the current state of play and why it could be very tough for airlines to "unscramble the egg," with Capt. Joe DePete, president of the Air Line Pilots Association.

Go deeper

Joann Muller, author of Navigate
Nov 21, 2020 - Economy & Business

Some air travelers pay premium for social distancing

Illustration: Sarah Grillo/Axios

Business travel remains depressed during the pandemic, but some airlines are seeing more leisure travelers in their first-class cabins.

Why it matters: Many people are avoiding air travel during the public health crisis, fearful they'll catch COVID-19 from a nearby passenger. But for those who can afford it, premium class seats offer more comfort and perhaps a little extra breathing room.

36 mins ago - World

Putin foe Navalny to be detained for 30 days after returning to Moscow

Russian opposition leader Alexey Navalny. Photo: Oleg Nikishin/Epsilon/Getty Images

Russian opposition leader Alexey Navalny has been ordered to remain in pre-trial detention for 30 days, following his arrest upon returning to Russia on Sunday for the first time since a failed assassination attempt last year.

Why it matters: The detention of Navalny, an anti-corruption activist and the most prominent domestic critic of Russian President Vladimir Putin, has already set off a chorus of condemnations from leaders in Europe and the U.S.

Biden picks Warren allies to lead SEC, CFPB

Photo: Justin Sullivan/Getty Images

President-elect Joe Biden has selected FTC commissioner Rohit Chopra to be the next director of the Consumer Financial Protection Bureau (CFPB) and Obama-era Wall Street regulator Gary Gensler to lead the Securities and Exchange Commission (SEC).

Why it matters: Both picks are progressive allies of Sen. Elizabeth Warren (D-Mass.) and viewed as likely to take aggressive steps to regulate big business.