Business

Friday’s business headlines

INDIANAPOLIS (WISH) – Here’s a look at Friday’s business headlines.

Flights

Airlines say Thanksgiving demand is faltering as the CDC warns Americans not to travel.

United Airlines, Southwest Airlines and American Airlines said Thursday that they have seen an increase in cancellations and a decrease in new bookings as a surge in COVID-19 cases has rattled nearly every state in the country.

Cruise lines

The cruise industry says 254,000 American jobs and $32 billion in economic activity have been lost.

Cruise lines likely won’t be able to come back in a meaningful way until the spring.

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Macy’s

Macy’s said it has plans to close additional stores if necessary due to COVID but is hopeful that won’t be the case.

One of the company’s locations in El Paso, Texas is closed due to a surge in cases there.

Macy’s is monitoring other communities closely and has a strategy to work through additional store closures.

Radio Shack

Radio Shack lives to see another day.

The bankrupt electronic store is staging a comeback online.

Two entrepreneurs bought the rights to Radio Shack and hope to expand it to anything consumer electronics, home, the phone business and home security.

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