In the U.S. alone, an estimated 8 million tourism-related workers are jobless right now, or about one-third of total US unemployment, said Roger Dow, the president and CEO of the US Travel Association

The lesson here is don't marry your stocks. If your original investment thesis fails, you shouldn't shy away from exiting your positions

The conglomerate had held sizeable positions in the airlines, including an 11% stake in Delta Air Lines, 10% of American Airlines Co, 10% of Southwest Airlines Co and 9% of United Airlines at the end of 2019

Illustrating his remarks with dozens of plain black-and-white slides, Buffett calls dealing with the pandemic \"quite an experiment\" that had an \"extraordinarily wide\" range of possible economic outcomes

The conglomerate was one of the largest individual holders in the four airlines and in 2016 disclosed it had begun investing in the four carriers after avoiding the sector for years

The planemaker has been trying to bring its 737 MAX jet back into service after two fatal crashes, while the coronavirus pandemic has hammered aviation and other industries

With the customers grounded, airlines are rushing to turn passenger planes into temporary cargo carriers, instead of lavishing on advertising on business travellers and tourists

The pandemic has also aggravated a slump in demand for wide-body jets like the 787, sapping a key remaining source of cash for Boeing as the 737 MAX remains grounded

The company also is working to lure money from advertisers that normally sponsor sporting events canceled by the coronavirus

Boeing is trying to bring its 737 MAX jet back into service after two fatal crashes, even as the aviation industry slumps because of the coronavirus, which has dried up demand for passenger air travel

For cash-strapped airlines, the decline in crude prices will make it cheaper to operate flights that are already nearly empty as people remain homebound due to the coronavirus

Sensex, Nifty Live News Today: According to experts, prevailing uncertain market conditions amid the rising cases of the virus and extension of the lockdown period have caused volatility and led to the downfall of broader markets on a global scale.

As coronavirus cases continue to rise in India, state governments have requested the Centre to extend the lockdown that officially ends on April 14; U.S. President Donald Trump sharply criticised the World Health Organization on Tuesday, accusing it of being too focused on China and issuing bad advice during the new coronavirus outbreak; Global airlines said 25 million jobs across the world could be at risk from the coronavirus travel downturn, as the industry's representative body launched a plea for urgent government support amid warnings that carriers are running out of cash; Watch this and more news on News Blast.Also Read: Coronavirus update: Eastern Railways to convert 50 sleeper coaches into isolation wards

Coronavirus outbreak: India gets ready to test 1,00,000 samples dailyIndia has begun worst-case scenario preparations to test 1 lakh samples per day in the coming months, Indian Council of Medical Research (ICMR) said in a statement. India currently tests nearly 18,000 samples each day at the government and private facilities across the country. The tests are being conducted at just over 190 testing laboratories, including 136 government labs and 56 private labs. The move to incre...

The gains marked the biggest daily percentage rise for each index since March 24. Despite Monday's bounce, the S&P 500 remains down more than 21% from its mid-February record close.

Data firm OAG said several years of industry growth had been lost and it could take until 2022 or 2023 before the volume of flyers returns to the levels that had been expected for 2020

Spain has shed jobs at a record pace since it went into lockdown to fight coronavirus, social security data showed on Thursday, with some 900,000 workers having lost their jobs since mid-March

U.S. President Donald Trump and Russian President Vladimir Putin agreed during a phone call to have their top energy officials meet to discuss slumping global oil markets

Dow finished up 21% from its Monday low, establishing it in a bull market, according to a widely used definition. It was Dow's strongest three-day percentage increase since 1931

The passenger travel industry has been decimated by the coronavirus pandemic, with Australia's Flight Centre Travel Group Ltd announcing plans to cut 6,000 travel agent roles globally, either temporarily or permanently