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 planning for flights to return to service in July.
Norwegian Air has secured vital funding from shareholders as it battles to survive the novel coronavirus pandemic that drove down April passenger volumes by 98.7%, the budget carrier said on Thursday.
Planemakers Airbus and Boeing have asked Air France to delay taking some wide-body jets after a manufacturing slowdown caused by the coronavirus crisis, the head of parent Air France-KLM told Reuters.
From Kazakhstan to the North Sea and the United States, physical crude has jumped in value in recent days but the rally will likely be tactical and short-lived rather than signalling a proper recovery, according to traders and analysts.
Marubeni Corp said on Thursday it expects a net profit of 100 billion yen ($942 million) in the financial year through March, a turnaround from a loss of 197.5 billion yen posted this year due to the coronavirus crisis and a slump in oil prices.
Smithfield Foods Inc [SFII.UL] will restart its plant in Sioux Falls, South Dakota from May 7 after being idled for more than three weeks due to the coronavirus outbreak, the world's biggest pork processor said late on Wednesday.
Canadian fertilizer maker Nutrien Ltd said on Wednesday it has seen limited impact from the coronavirus outbreak, but cut its annual forecast as oil downturn hit corn demand and potash prices are hard-pressed outside North America.
Canadian fertilizer maker Nutrien Ltd said on Wednesday it has seen limited impact from the coronavirus outbreak, but cut its annual forecast as oil downturn hit corn demand.
At least two Brazilian airlines and planemaker Embraer SA have hired investment banks to help with talks with state development bank BNDES for government support, sources with knowledge of the matter said.
Spirit Airlines Inc on Wednesday posted a quarterly loss and said it was in discussions with Airbus SE to defer 2020 and 2021 jet deliveries and related pre-delivery payments in an effort to reduce its aircraft capital spending by $185 million.
United Airlines is putting up almost half of its mainline fleet of aircraft as collateral for a US$2.25bn high-yield secured bond offering as it tries to weather the evaporation of travel demand.
The U.S. Defense Department on Wednesday blasted a decision by the Federal Communications Commission last month to allow Ligado Networks to deploy a low-power nationwide mobile broadband network, saying it could pose severe risks to global positioning systems crucial to military operations.
U.S. airports will need at least another $10 billion in government assistance as they face mounting losses from the near-collapse of air travel due to the coronavirus pandemic, a major airport group told a U.S. Senate committee Wednesday.
U.S. airports will need at least another $10 billion in government assistance as they face mounting losses from the near-collapse of air travel due to the coronavirus pandemic, a major airport group told a U.S. Senate committee Wednesday.
The U.S. Defense Department on Wednesday blasted a decision by the Federal Communications Commission last month to allow Ligado Networks [MOSAV.UL] to deploy a low-power nationwide mobile broadband network, saying it could pose severe risks to global positioning systems crucial to military operations.
At least two Brazilian airlines and planemaker Embraer SA have hired investment banks to help with talks with state development bank BNDES for government support, sources with knowledge of the matter said.
South Africa does not want a fire sale of the assets of troubled national airline SAA nor for the carrier to be liquidated, Public Enterprises Minister Pravin Gordhan said on Wednesday.
Abercrombie & Fitch Co and cash-strapped Gap Inc on Wednesday laid out plans to reopen stores in areas where lockdown curbs have eased, while also introducing social-distancing measures.
South Africa does not want a fire sale of troubled national airline SAA assets nor for the carrier to be liquidated, Public Enterprises Minister Pravin Gordhan said on Wednesday.
The United States told the World Trade Organization on Wednesday there was "no valid basis" for the European Union to retaliate against U.S. goods since it has fully complied with WTO findings that Washington state's now-repealed tax breaks for Boeing were illegal.