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As the coronavirus spread globally, a canceled work trip here and there turned into a worldwide shutdown for business travel by air.The global airline industry is now on the brink of collapse. And while pressing pause for a few days or a week is strange enough, a freeze on business-class travel that lasts for several weeks or months has the potential to reshape why people fly. After a decade of huge growth, airlines are preparing for a staggering drop in revenue worldwide. Concerns over the coronavirus have crippled demand for flights, which in turn has caused many airlines to ground their fleets and lay-off staff.Recently JetBlue CEO Robin Hayes called this financial situation for airlines, "at least as bad as 9/11 if not worse."But even with a bailout, it could take months for travelers to fully return to the skies. In the meantime, a lot of business will go on without air travel.With huge advances in telecommuting and a growing acceptance of working from home, businesses have taken to platforms like Slack, Zoom and Skype to carry on with meetings while many miles apart.To understand the impact of losing business class travel, you have to understand how valuable business class tickets are to airlines. It might just be a few seats, but on many flights, premium seats actually account for most of the money the flight will make. Let's explain.Let’s look at a roundtrip flight scheduled for the first week in August between JFK and LAX. The round trip fare for an economy passenger costs 9. For a business class passenger that seat is ,867. And finally for a first class passenger the cost is ,032. In total, if everyone pays full price for their ticket, the airline makes ,362.But notice the distribution. If you do the math, you see that although business and first class travelers only make up 28% of the passengers on the flight, they account for 60% of the flight's revenue. This model doesn't describe every flight. But when it comes to airline economics, business and first class passengers have an outsized impact on many airlines' revenue. "They care a lot about business class travelers," says airline pricing expert Andy Boyd. "The other part about the business class travelers is not just the seat but business travelers become very connected with their brand and they fly a lot. It’s not just the money they make from the one seat, but what they get over time."Boyd literally wrote the book on airline ticket pricing. He believes airlines could bounce back, but he also says the virus could accelerate some trends already in motion for business travel."It could be a catalyst," Boyd says. "But what is really interesting, the new generation has grown up with technology, with cell phones. The fact that you are doing what many older people would call, very informal communication is more and more accepted as formal communication. So as young people who have grown up with technology get older, they may find that they are just as happy doing things over the phone as they are getting on a plane and going somewhere."Those combined factors could spell long-term impacts for the airline industry beyond the spread of the coronavirus. "Normally I would tend to say we would just get over it and the world would just get back to normal," Boyd says. "But with this particular virus and the way that people have responded to it, we may see some actual real changes to the way that both business and economy travelers travel." 3474

Bipartisan Senate leaders agreed Tuesday to limit debate on a long-sought budget deal -- setting up a vote on the package Wednesday, according to Democrats -- and clear other key items off the chamber's to-do list before senators leave for a five-week Senate recess.Senators began a long series of nighttime procedural votes on judges and executive branch nominees including President Donald Trump's choice for UN ambassador, Kelly Craft. Final confirmation votes for many of the judges are expected Wednesday. Democrats said Republicans would not reach their goal of confirming 19 district court judges before the recess, and those remaining judges would have to wait until September to be confirmed.Meanwhile, Senate Republican leaders continued their aggressive whip the vote count on the spending caps and debt limit agreement, with an eye towards ensuring in passes with the support of at least half the GOP conference, unlike when it 952

Billionaire Mike Bloomberg has qualified for the next Democratic presidential debate. A new NPR/PBS NewsHour/Marist poll published Tuesday shows Bloomberg with 19% support nationally. It's the first time Bloomberg will stand alongside the rivals he has so far avoided by bypassing the early voting states and using his personal fortune to define himself through television ads. The former New York mayor will appear Wednesday in Las Vegas alongside Joe Biden, Bernie Sanders, Elizabeth Warren, Amy Klobuchar and Pete Buttigieg. His campaign says he's “looking forward” to it. The Democratic National Committee recently changed its rules for how a candidate qualifies for the debate, opening the door for Bloomberg. Tom Steyer hopes to qualify.Currently, former South Bend Mayor Pete Buttigieg and Sen. Bernie Sanders, I-Vermont lead the way in the in the 867

CANTON, S.D. – No matter where you live in the United States, debt can play a big role in your life. Sarah Woods of Canton, South Dakota, has battled debt nearly her entire life, almost two decades. “Debt seems like almost a constant way of life,” said Woods.But life, some might argue, wasn't fair to Woods.“Within three months I got married, found out I had cancer and also had our first child,” said Woods. “So, you take three of the biggest things that could possibly happen in our life and roll them into your early 20s, I mean you’re going to start out on the wrong foot and since then it’s just been one struggle after another.”Woods and her husband now have three boys and taking care of them isn’t cheap. Woods says some months their pantry's been bare.“To actually have to reach out and say no, we are personally struggling is a hard one,” said Woods.Lori Pudenz helps with the food pantry that's run out of the Canton Lutheran Church, where Woods works. Pudenz says the pantry’s been a huge blessing.“My opinion is nobody should go hungry and that’s what we’re here for,” said Pudenz.Woods' husband is a machinist and she works full-time at the church, but it still hasn't been enough to overcome a mountain of debt that began with cancer at 19 years old.“I couldn’t imagine having an extra in my bank account that wasn’t due to someone else.”Not all of Woods’ debt has come from being a victim of circumstances. She admittedly says she has made some very bad decisions. But what has changed her life is a class on debt taught at the church where she works.“I can see light at the end of the tunnel,” said Woods. “We’re definitely getting there. I’ve been able to learn a lot of different life skills and really face my debts.”And after a full day at work at the church, Woods goes to work at home. She has created a plus size boutique called Becky’s Closet. “The last few months have been tremendous for business. It has created Christmas for us.” 1975

Building a car in the United States, and buying one, could get a lot more expensive.Every American auto factory depends on Mexican parts to build its cars or trucks. That's why President Donald Trump's 214