U.S. airlines ditch 2020 forecasts, slash flights and costs on virus hit
Leading U.S. airlines American and Delta suspended 2020 financial forecasts on Tuesday and took drastic further measures to combat the impact of the coronavirus, while...
U.S. airlines ditch 2020 forecasts, slash flights on virus hit
Leading U.S. airlines American and Delta suspended 2020 financial forecasts on Tuesday and took drastic further measures to combat the impact of the coronavirus as...
Royal Caribbean withdraws 2020 forecast, boosts liquidity amid coronavirus fears
Royal Caribbean Cruises Ltd on Tuesday withdrew its first-quarter and full-year forecast, and increased its credit capacity by $550 million to boost liquidity amid concerns...
Norwegian Air scraps 3,000 flights, plans layoffs due coronavirus
Norwegian Air will lay off staff and cut around 3,000 flights as the spread of the new coronavirus outbreak sends shockwaves across the travel industry....
Russia’s energy ministry calls meeting with oil companies on Wednesday: sources
The Russian Energy Ministry has called a meeting with oil companies on Wednesday to discuss future cooperation with the Organization of the Petroleum Exporting Countries,...
Saudi Arabia, Russia raise stakes in oil standoff
Saudi Arabia said on Tuesday it would increase its crude oil supply to a record high, raising the stakes in its price war with Russia...
Iraq in touch with OPEC+ to discuss oil price fall: ministry
Iraq is in touch with other OPEC+ members to discuss ways to stop an oil price collapse, the oil ministry said on Tuesday, adding that...
Oil jumps 10% after rout on stimulus hopes, Russian signal on OPEC talks
Oil prices jumped by around 10% on Tuesday a day after the biggest rout in nearly 30 years as investors eyed the possibility of economic...
Uber’s challenge to balance driver safety with customer privacy
Margaret Bordelon can still feel the hands of the drunk man who tried to pull her in for a kiss at the end of his Uber ride...
U.S. clears Infineon’s $10 billion takeover of Cypress
Shares in Infineon Technologies rallied in early trading on Tuesday after a U.S. national security review raised no concerns over its proposed $10 billion takeover...