Airbus announces additional production pauses
Airbus said on Monday it had decided additional production pauses, in Germany and in the United States, in response to an industry-wide slowdown triggered by...
Alaska’s RavnAir bankruptcy while awaiting government aid shows regional airlines’ challenges
RavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy on Sunday and grounded all of its 72 planes, saying it was clear that...
Capri furloughs all North America retail staff, sees stores opening around June 1
Capri Holdings Ltd will furlough all its 7,000 retail staff in North America due to the coronavirus outbreak and expects to reopen stores around June...
Zoom shares slip over security concerns, rising competition
Shares of Zoom Video Communications Inc fell 8% on Monday, adding to their sharp declines in the past few days, as the video conferencing app...
Alaska air carrier RavnAir files for bankruptcy as U.S. Treasury mulls grants
RavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy Sunday and grounded all of its 72 planes as it waits on a decision...
Governor Cuomo sees signs of pandemic ‘flattening’ in New York
New York Governor Andrew Cuomo on Monday cited tentative signs the coronavirus outbreak was “flattening” in his state but warned against complacency as the U.S....
Alaska Air expects to lower April and May capacity by 80%
The U.S. carrier had earlier planned to reduce its April capacity by at least 10% and May capacity by at least 15%....
S&P 500 set to recover $1 trillion in value as virus deaths slow
The S&P 500 was on track to recover about $1 trillion in market value in a furious rally on Monday after a drop in the...
Exclusive: Qatar Petroleum – coronavirus turmoil will not stop LNG expansion abroad
Qatar Petroleum (QP) is pressing ahead with foreign as well as domestic expansion despite the global market turmoil caused by the coronavirus pandemic, its chief...
U.S. airlines ease loyalty programs in coronavirus travel slump
U.S. airlines are extending loyalty program benefits and status into 2021 for members homebound because of the new coronavirus....