Airlines still piling up losses but say demand is rising
DALLAS — Airlines are piling up billions of dollars in additional losses as the pandemic chokes off air travel, but a recent uptick in passengers, however modest, has provided some hope.
American Airlines on Thursday reported a loss of $2.4 billion and Southwest Airlines lost $1.16 billion in the third quarter, typically a very strong period of air travel that includes most of the summer vacation season. Revenue plunged at both airlines.
Combined with earlier losses reported by Delta and United, the four largest U.S. airlines have lost at least $10 billion in each of the last two quarters. It’s an unprecedented nosedive that has caused the once highly profitable airlines to forage for billions of dollars in government aid and private borrowing to hang on until more travelers return.
The airlines, however, are offering upbeat forecasts about Thanksgiving and Christmas travel, even as many states report an increase in confirmed virus cases. Southwest feels confident enough that it will stop blocking middle seats on its planes Dec. 1.
Veggie burgers are still burgers, at least in Europe
BRUSSELS — It’s a meaty issue but the EU has taken a stance: veggie burgers are in fact burgers.
European lawmakers said Friday that plant-based products that do not contain meat, including veggie burgers, soy steaks and vegan sausages, can continue to be sold as such in restaurants and shops across the European Union’s 27 countries.
Europe’s largest farmers’ association, Copa-Cogeca, had supported a ban, arguing that labelling vegetarian substitutes with designations bringing meat to mind was misleading for consumers.
On the opposite side of the debate, a group of 13 organizations including Greenpeace and WWF urged lawmakers to reject the proposed amendments, arguing that a ban would have not only exposed the EU “to ridicule,” but also damaged its environmental credibility.
