Lufthansa has no plans to buy rivals hit by coronavirus crisis: CEO
Lufthansa is not planning to buy rivals weakened by the coronavirus crisis, Chief Executive Carsten Spohr told shareholders at the company’s virtual annual general meeting...
Fiat Chrysler plunges to loss, scraps outlook on virus crisis
Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and scrapped its full-year earnings forecast on Tuesday, as the automaker grapples with...
Virgin Atlantic to cut 3,000 jobs, stop using Gatwick: Sky News
Virgin Atlantic is to cut just over 3,000 jobs, or up to a third of its workforce, and stop using Gatwick Airport as part of...
France’s Lagardere sees off activist Amber in shareholder showdown
French publishing and media group Lagardere on Tuesday fended off Amber Capital’s most daring attempt yet to shake up governance at the company, after shareholders...
Futures climb on oil gains, easing of lockdowns
U.S. stock index futures rose on Tuesday as oil prices staged a recovery and a slew of countries eased coronavirus-led restrictions in an attempt to...
Fiat Chrysler turns to 1.7 billion euro loss in first quarter on virus crisis
Fiat Chrysler said on Tuesday it turned to a net loss in the first quarter as a consequence of the crisis triggered by the spread...
Carbon emissions cuts do not mean Repsol will exit oil sector: CEO
A target to reduce carbon emissions to net zero by 2050 does not mean Spanish oil and gas firm Repsol will stop producing oil though...
Wizz Air plans for easing of restrictions with holiday flights from June
Low cost airline Wizz Air said it is planning for the easing of travel restrictions by starting new routes from Britain’s London Luton airport to...
Thomson Reuters narrowly misses earnings, cuts sales outlook
Thomson Reuters Corp reported higher quarterly sales and operating profit that fell slightly short of Wall Street estimates on Tuesday and cut is full-year sales...
Uber, Lyft investors want to hear plans to get riders back in cars
As U.S. lockdowns and fears of the coronavirus pandemic stretch into a third month, who wants to take an Uber ride?...