British Airways parent IAG says CEO Willie Walsh to stay until September
British Airways-owner IAG said that chief executive Willie Walsh would stay on until September to steer it through the coronavirus crisis, and that it was...
Norwegian Air’s April passenger count falls 99%
Norwegian Air’s passenger volume fell by 98.7% in April from a year earlier as most of its fleet was grounded due to the coronavirus pandemic,...
Liberty Global, Telefonica agree $38 billion merger of UK businesses
The British businesses of Liberty Global Plc and Telefonica SA will merge to create a major new player in UK mobile and broadband communications in...
BT pulls dividend until 2021/22 due to coronavirus
Britain’s biggest telecoms group BT has suspended its dividend until 2021/22 and pulled its financial outlook in response to the COVID-19 pandemic....
Spain’s Telefonica to merge British unit O2 with Virgin Media
Liberty Global has agreed to merge its Virgin Media cable company with the O2 mobile business owned by Spain’s Telefonica to create a major new...
Asia stocks get China trade relief, U.S. bonds face debt deluge
Asian shares pared early losses on Thursday after Chinese exports proved far stronger than even bulls had imagined, while U.S. bond investors were still daunted...
AB InBev sees ‘materially worse’ second quarter after first-quarter profit drop
Anheuser-Busch InBev , the world’s largest beer maker, reported a decline in profit in the first quarter as coronavirus restrictions curbed drinking and said the...
Air France-KLM loss gives first taste of coronavirus impact
Two weeks of coronavirus shutdown were enough to hit Air France-KLM with an 815 million-euro ($880 million) first-quarter operating loss, the airline group said on...
Air France job cuts set to test CEO Smith’s consensual style
Air France-KLM is opening talks with its French unions on workforce cuts, Chief Executive Ben Smith told Reuters, as the airline group warned of mounting...
U.S. unemployment rolls seen swelling as coronavirus restrictions bite
Millions more Americans likely sought unemployment benefits last week, suggesting a broadening of layoffs from consumer facing industries to other segments of the economy and...