EasyJet CEO sees flying restarting with empty middle seats
The chief executive of easyJet said when flying restarts after the coronavirus crisis recedes planes are likely to operate with the middle seat empty due...
EasyJet says able to survive a lengthy fleet grounding
British low cost airline easyJet , whose aircraft are all grounded due to the coronavirus pandemic, said steps it had taken to shore up its...
Lazard boosts restructuring team as coronavirus-hit firms run into trouble
Lazard Ltd has bolstered its senior restructuring team as it seeks to win business from companies struggling to stay afloat in the midst of the...
Oil edges higher after hitting 18-year lows but demand outlook weighs
Oil edged higher on Thursday following sharp losses in the previous session on hopes that a big build-up in U.S. inventories may mean producers have...
Stocks slide and dollar rally runs as economic realities bite
Asia’s stock markets retreated from their highest levels for a month and the dollar extended gains on Thursday as the damage the coronavirus has wrought...
Man GLG hires Asia equities head from rival BlackRock
Man GLG, the discretionary investment arm of asset manager Man Group , has hired Andrew Swan from rival BlackRock to lead its Asia ex-Japan equities...
U.S. weekly jobless claims seen underscoring deepening economic slump
Millions more Americans likely sought unemployment benefits last week, lifting total filings for claims over the past month above an astounding 20 million, which would...
Dollar extends gains as U.S. retail slump sparks flight to safety
A flight to safety bid pushed the dollar higher against its peers on Thursday after dire retail and factory data showed the severity of the...
United cuts May schedule by 90%, tells employees to brace for job cuts: memo
United Airlines Holdings Inc told employees on Wednesday that it has cut its flight schedule by 90% in May and possibly June, and to prepare...
With confidence shattered, the road to a ‘normal’ U.S. economy looks long
U.S. air travel was shut down for three days after the Sept. 11, 2001, attacks. It took three years for the industry to recover despite...