Ryanair cut its annual passenger traffic target by another 20% and warned it will look at pulling out of some airports across Europe as it booked a 13% rise in annual profit after tax on Monday.
Thailand plans to go to bankruptcy court to submit a rehabilitation plan for its national carrier, Thai Airways International Pcl, rather than go ahead with a previously planned rescue, a senior official said on Monday.
China's commerce minister Zhong Shan said the two countries are in communication when asked about Australia's request to discuss beef and barley trade issues, amid escalating tensions over the COVID-19 pandemic.
Virgin Australia Holdings Ltd's administrators have short-listed potential buyers BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners, a source with knowledge of the matter said on Monday.
The Philippines' Cebu Air Inc said on Monday it would defer previously planned aircraft capital expenditure and was in talks with the government for fiscal support as the coronavirus pandemic decimates demand for travel.
China has asked trading firms and food processors to boost inventories of grains and oilseeds as a possible second wave of coronavirus cases and worsening infection rates elsewhere raise concerns about global supply lines.
Nigeria impounded a plane operated by a British company for allegedly contravening a flight ban imposed to prevent the spread of the coronavirus, the aviation minister said on Sunday.
Emirates Group is planning to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, which will bring down its number of employees by about 30% from more than 105,000 at the end of March, Bloomberg News reported on Sunday.
China has asked trading firms and food processors to boost inventories of grains and oilseeds as a possible second wave of coronavirus cases and worsening infection rates elsewhere raise concerns about global supply lines.
Australia urged China on Sunday to respond to its requests to discuss easing tensions between the two trading partners after Canberra called for an international enquiry into the origins of the novel coronavirus.
J.C. Penney Co Inc needs to exit bankruptcy proceedings in just a matter of months to survive the unprecedented financial strain of prolonged store closures due to the COVID-19 pandemic, a lawyer for the iconic U.S. department store chain said during a court hearing on Saturday.
Mexican miner Industrias Peñoles said on Saturday that it will suspend operations of a zinc mine in central Mexico indefinitely due to difficult mining conditions and low metal prices.
China's foreign ministry said on Saturday the United States needed to stop the "unreasonable suppression" of Chinese companies like Huawei, and a Chinese newspaper said the government was ready to retaliate against Washington.
Canadian Prime Minister Justin Trudeau said on Saturday he would look at possible ways to help airlines further, but laid out no new measures after the country's biggest airline announced mass layoffs due to the coronavirus pandemic.
Brazil's state development bank BNDES said on Friday that the country's top three airlines had accepted a $680 million aid package, but the carriers said they were still discussing terms.
Air Canada said on Friday it has decided to reduce its workforce by up to 60% as the airline tries to save cash amid the COVID-19 pandemic and right size its operations to the level of traffic expected in the mid-to-longer term.
J.C. Penney Co Inc filed for bankruptcy protection on Friday with plans to permanently close some stores and also explore a possible sale, making it the latest brick-and-mortar retailer to crumble as prolonged store closures in response to the COVID-19 pandemic drive a final stake through long-troubled businesses.
J.C. Penney Co Inc filed for bankruptcy protection on Friday, the latest among traditional brick-and-mortar retailers to crumble as prolonged store closures due to the COVID-19 pandemic deliver the final blow to troubled businesses.
Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold much of its stake in Goldman Sachs Group Inc, despite the billionaire's assurance that the banking sector was not a "primary worry" for him during the coronavirus pandemic.
Reuters
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