British Airways-owner, easyJet make drastic cuts to try to survive coronavirus
The owner of British Airways and easyJet, Europe’s no.3 and no.4 airlines, said they would cut capacity drastically to try to survive the coronavirus outbreak...
EasyJet says could ground most of fleet, calls for government backing
EasyJet , Europe’s fourth biggest airline, said it could ground the majority of its fleet as people stopped traveling due to coronavirus, and called for...
Global central banks take sweeping action to fight coronavirus
The U.S. Federal Reserve and its global counterparts moved aggressively with sweeping emergency rate cuts and offers of cheap dollars in a bid to combat...
Stocks dive as rescue bids by Fed, peers fail to calm panicky markets
Stock markets were routed and the dollar stumbled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers...
Airlines slash schedules, jobs and pay after new travel restrictions
Airlines around the world said they would make more drastic cuts to their flying schedules, shed jobs and seek government aid after countries further tightened...
Nike, Under Armour join retailers shutting stores to limit virus spread
Nike Inc, Lululemon Athletica Inc and Under Armour Inc on Sunday said they would close stores in the United States and other markets, joining a...
Stocks crumble, unconvinced as Fed and peers attempt radical rescue
Stock markets and the dollar were roiled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered...
Fed brings out big guns, investors fear the worst
A massive rollout of easing measures by the Federal Reserve served to deepen some investors’ anxiety over how effectively policymakers will be able to mitigate...
United warns of cash bleed, empty planes even after more schedule cuts
United Airlines Holdings booked $1.5 billion less revenue in March than the same time last year and warned employees that planes could be flying nearly...
Boaz Weinstein’s Saba scored record profits on market plunge: letter
Boaz Weinstein’s main Saba Capital Management LP hedge fund reported a 33% gain in March through Friday amid coronavirus-led market turmoil, bringing its year to...