Lufthansa reports first quarter operating loss of 1.2 billion euros
Lufthansa , which has grounded almost all its aircraft due to the coronavirus pandemic, said its operating loss increased to 1.2 billion euros ($1.3 billion)...
Wall Street jumps on hopes worst for labor market is over
Wall Street jumped 1% on Thursday as a third straight decline in weekly jobless claims raised hopes the worst of the coronavirus pandemic’s impact on...
Colombia’s Avianca says survival of the airline is in doubt due to coronavirus crisis
The financial auditors of Colombian airline Avianca Holdings have concluded that “substantial doubt” exists as to the company’s ability to stay in business due to...
South Africa’s SAA faces wind-down or liquidation, rescue team says
Specialists appointed to try to save state-owned South African Airways (SAA) said on Thursday that they had no further funds for rescue efforts and that...
Domino’s pulls long-term forecast, says international sales declining
Domino’s Pizza Inc on Thursday pulled its long-term forecast and said international comparable sales fell 3.2% in the first three weeks of the current quarter...
‘Plain robbery’: Lebanese fume as dollar savings hit by financial crisis
Ziad Abdallah has watched with growing alarm as Lebanon’s financial meltdown has threatened the savings he spent 25 years building up in his dollar account....
Hershey pulls 2020 forecast, warns of weak sales as consumers curb spending
Hershey Co pulled its 2020 forecast on Thursday and warned of weak sales in certain categories as households worried about their financial futures cut spending...
Some Americans going back to work, even as virus erases more jobs
Some workers in Georgia and other U.S. states prepared to go back to work for the first time in a month, as data released on...
Target sees margin squeeze as it spends more to meet coronavirus-led demand
Target Corp said on Thursday rising costs from trying to meet the fast-changing needs of consumers during the coronavirus crisis were set to hurt its...
Wall Street rises on hopes worst for labor market is over
Wall Street gained on Thursday as jobless claims declined for the third straight week, raising hopes the worst of the coronavirus pandemic’s impact on the...