GNC files for Ch. 11 bankruptcy protection, Ugg in demand

GNC files for Ch. 11 bankruptcy protection, Ugg in demand

SeattlePI.com

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The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus.

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TRAVEL:

— U.S. gasoline consumption is more than halfway back to pre-COVID-19 levels, according to the Oil Price Information Service, an IHS Markit company.

Fill-ups at the pump fell 49% from 2019 volumes during the second week of April. The most recent OPIS survey shows that demand was down 22% in the second week of June, compared with the year-ago period.

Gasoline sales have been climbing at an average of 6.4% per week since April, according to OPIS President Fred Rozell.

— The pilots’ union at American Airlines is proposing that the government help airlines by buying enough seats so that passengers never have to sit next to a stranger.

The Allied Pilots Association said Wednesday that would make people feel comfortable about flying during the pandemic, lead airlines to add flights, and help avoid “significant” layoffs when $25 billion in federal payroll aid to airlines runs out in October. The proposal isn’t cheap. The union estimates it would cost up to $1.9 billion a month if airlines operate at 40% of their 2019 capacity and up to $3.8 billion a month if they run at 80%.

— Southwest Airlines is testing whether a fare sale will persuade people to start traveling again. Southwest launched a three-day sale this week with some shorter round trips under $100 and longer routes for up to $238 in late summer and fall.

Air travel in the U.S. has been slowly picking up since mid-April. The Transportation Security Administration screened at least 500,000 people for five straight days — the first time that’s...

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