Trivago CEO says travel has fallen as U.S. coronavirus cases rise

Interest in traveling has fallen as the U.S. experiences a surge in coronavirus cases, Trivago CEO Axel Hefer told CNBC on Monday.  “The demand has not held up,” Hefer said on “Squawk on the Street.” “With a significant deterioration of the health situation, you see a significant drop in travel activity.”  Hefer stressed that the relationship between […]

American Airlines to warn pilots this week about potential furloughs

Pilots talk as they look at the tail of an American Airlines aircraft. Mike Stone | Reuters American Airlines is planning to warn pilots this week about potential furloughs, the latest carrier to prepare employees for job cuts as the coronavirus pandemic roils the...