Coronavirus Latest: Ticketmaster Refunds, Largest Companies That Received Loans, Vegas Room Rates Plummet & More

Coronavirus Latest News

Instead of blasting you with coronavirus (COVID-19) news every hour, I’m putting together a roundup of news that I come across during the day. Here you can read about Ticketmaster finally offering refunds, largest public companies that received small business loans, Lufthansa not issuing refunds, stunning flyover of parked planes, Vegas room rates plummet and earliest US coronavirus deaths were 2 weeks earlier that previously thought.

Ticketmaster announces it will offer refunds on postponed events

Ticketmaster has assured customers that it will issue refunds for the tens of thousands of events affected by the coronavirus pandemic. The Live Nation subsidiary’s statement came after a subtle change on the ticketing giant’s website — and subsequent New York Times report — sparked outrage from consumers, members of Congress, and a state attorney general.

List of largest public companies taking small business loans

The U.S. government has allocated at least $243.4 million of the total $349 billion to publicly traded companies, according to Morgan Stanley. Several of the companies have market values well in excess of $100 million, including DMC Global, Wave Life Sciences and Fiesta Restaurant Group.

Lufthansa Won’t Issue Refunds At All For Now

Lufthansa is now taking the cake with a new formally written policy that you cannot have a refund for *anything* at present. You can have a refund, sure – but later, whenever later is.

(Video) Stunning Low Altitude Flyover of 400+ Parked Delta/Southwest Planes + SoCal’s Super Bloom!

The world of travel is a crazy place right now with so few people getting on airplanes. Because of COVID-19, some airlines are carrying less than 5% of the passengers they would on a normal day. That means A LOT of airplanes are parked waiting for demand to once again increase.

Las Vegas Room Rates Plummet As Casino Stocks Remain In Limbo

Las Vegas Strip room rates booked in the month of May are averaging just $106 per night, down 50% from a year ago. June room rates are averaging $136, a 22% decline.

2 Californians died of coronavirus weeks before previously known 1st US death

New autopsy results show two Californians died of coronavirus in early and mid-February — up to three weeks before the previously known first US death from the virus. Two deaths in Northern California’s Santa Clara County happened February 6 and 17, the county said Tuesday in a news release.