Mar 5, 2020 - Health

Southwest Airlines CEO compares coronavirus travel declines to post-9/11

Gary Kelly, CEO of Southwest Airlines in Annapolis, Maryland in 2018. Photo: Alex Wroblewski/Getty Images

Southwest Airlines CEO Gary Kelly said on Thursday that the drop in domestic air travel amid the novel coronavirus outbreak "has a 9/11-like feel," CNBC anchor Carl Quintanilla reports.

Driving the news: The spread of COVID-19 could cost airlines up to $113 billion in lost revenue due to declines in air travel this spring and early summer, the International Air Transport Association projected earlier on Thursday.

What they're saying: "We're 97% domestic, so what we're seeing is a drop-off in domestic travel," Kelly added.

  • "We could discount prices and it wouldn't do any good .... We are not running dramatic fare sales," he said, according to Reuters' David Shepardson.

Go deeper: Coronavirus to deliver largest decline in international travel to U.S. since financial crisis

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Axios
Updated Jul 3, 2020 - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

England announced on Friday it is dropping its mandatory 14-day quarantine for visitors from more than 50 countries, but for the U.S., which has seen coronavirus cases increase sharply.

The big picture: The European Union also extended its ban on travelers from the U.S. and other countries that don't have infections under control like Russia and Brazil.

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Kim Hart
Jun 11, 2020 - Economy & Business

Cities hit hardest by coronavirus saw huge drops in local commerce

Adapted from JPMorgan Chase Institute; Chart: Axios Visuals

The sudden economic shock from coronavirus stay-at-home orders caused a stunning drop in local commerce in cities across the country, with San Francisco seeing the heaviest decline, followed by Chicago, New York and Detroit.

How it works: The JP Morgan Chase Institute analyzed a subset of credit card transactions typical of everyday goods and services bought and sold at the local level to create a "local commerce" economic view.

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Axios
Updated 13 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 11,143,945 — Total deaths: 527,681 — Total recoveries — 6,004,593 — Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 2,818,588 — Total deaths: 129,584 — Total recoveries: 883,561 — Total tested: 34,213,497 — Map.
  3. States: Photos of America's pandemic July 4 — ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: U.S. coronavirus infections hit record highs for 3 straight days.
  5. Politics: Trump extends PPP application deadline — Kimberly Guilfoyle tests positive.
  6. World: Mexican leaders call for tighter border control as infections rise in U.S.
  7. Sports: 31 MLB players test positive as workouts resume.
  8. 1 📽 thing: Drive-in movie theaters are making a comeback.
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