Mexican airline Aeromexico, which is undergoing a Chapter 11 restructuring process, on Tuesday posted a net loss of 9.72 billion pesos ($487 million) in the fourth quarter.
JetBlue Airways Corp pilots have rejected a tentative agreement that would have given the airline contractual relief to implement its planned partnership with American Airlines Group Inc,, their union said in a statement on Tuesday.
Treasury Wine Estates will reorganise into three new divisions, the company said on Wednesday after posting a 43% drop in half-yearly profit due to heavy Chinese tariffs on Australian wine imports.
JetBlue Airways' pilots have rejected a tentative agreement that would have given the airline contractual relief to implement its planned partnership with American Airlines, their union said in a statement on Tuesday.
Kraft Heinz Co and Conagra Brands Inc said they may choose to raise prices this year on some products that use wheat, sugar and other commodities that are becoming increasingly expensive due to high demand.
Kraft Heinz Co and Conagra Brands Inc said they may choose to raise prices this year on some products that use wheat, sugar and other commodities that are becoming increasingly expensive due to high demand.
El Al Israel Airlines said on Tuesday it raised 250 million shekels ($77 million) in a sale of options on the Tel Aviv Stock Exchange, meeting a key condition for a state-backed loan needed to repay the flag carrier's debts.
It is extremely rare these days to hear people talk of inflation as if it is a problem. If anything, it is now seen as a desirable thing, as a sign of a strong economy. But is it, really?
Canadian tour operator Transat A.T. Inc said on Tuesday Air Canada had refused to extend the deadline for its C$188.7 million ($148.73 million) takeover deal beyond Feb. 15, after European regulators failed to give their approval.
Canadian tour operator Transat A.T. Inc said on Tuesday Air Canada refused to extend the deadline for its C$188.7 million ($148.73 million) deal beyond Feb. 15, after European regulators failed to give the go-ahead for the buyout.
German sportswear maker Adidas AG plans to sell or spin-off its underperforming Reebok brand, 15 years after it bought the U.S. fitness label to help compete with arch-rival Nike Inc.
German sportswear maker Adidas AG said on Tuesday it plans to divest the underperforming brand Reebok that it failed to revive 15 years after buying the U.S. fitness label to help compete with archrival Nike Inc.
The deepest crisis in aviation history might seem the worst time to relaunch an airline. But for Alitalia the turmoil could provide just the opportunity to drive through reforms that politicians and unions have refused to accept in the past.
Ryanair's fight against state aid for airlines will put loosened EU rules to the test on Wednesday when the bloc's second-highest court decides on support offered to Air France and SAS.
Copper prices briefly touched their highest since 2012 on Tuesday, extending a bull run driven by optimism over Chinese demand and global economic recovery, before pulling back in thin trade.
South African Airways (SAA) has received a further 5 billion rand ($346 million) from the Department of Public Enterprises to help make severance payments to laid-off staff as part of its rescue plan, administrators of the plan said on Tuesday.
South African Airways (SAA) has received a further 5 billion rand ($346 million) from the Department of Public Enterprises to complete severance payments that form part of its rescue plan, bankruptcy administrators said on Tuesday.