South African Airways (SAA) said on Friday that it would immediately suspend all intercontinental flights until the end of May in response to a government travel ban aimed at stopping the spread of the coronavirus.
After another week of central banks displaying their firepower, things seem a bit calmer. Hopefully, it is a plumbing issue and the dollars the Fed injected will slowly make their way through a gummed-up financial system. World shares are up 1%, Europe is up 4% and U.S. equity futures are up around 3%, extending the rebound in New York trade last night.
U.S. senators from both parties were expected to meet on Friday along with Trump administration officials to try to devise a rescue plan for an economy reeling from the coronavirus, after Republicans made a $1 trillion opening bid.
AirAsia Group Bhd on Friday said an independent probe into corruption allegations from Britain's Serious Fraud Office (SFO) has found the Malaysian airline's procurement process with European planemaker Airbus SE robust and justifiable.
Britain's rail network will operate half its normal service during the coronavirus crisis, the government and rail industry body said on Friday, and Heathrow Airport's operations will shrink as more of the country goes into a partial shutdown.
British retailer Marks & Spencer said on Friday trading over the next 9-12 months in its clothing and homewares and international businesses was likely to be "severely impacted" by the coronavirus.
Abu Dhabi's Etihad Airways will survive the coronavirus epidemic, it's chief executive said in a video released on Friday, a day after the industry's largest body warned that Middle East airlines were in crisis.
Air Canada will temporarily lay off more than 5,100 employees as it attempts to check the impact of the coronavirus pandemic, the union representing the Canadian airline's flight attendants said on Friday.
Chinese shares edged higher on Friday as wider Asian equities bounced back from a rout set off by coronavirus fears, but sentiment was relatively subdued after the country left its lending benchmark unchanged.
Australian banks said on Friday they will defer loan repayments for small businesses impacted by coronavirus for six months, as the government prepared to dramatically expand its stimulus package to shelter the economy from the impact of the pandemic.
Shattered airlines were left counting the cost of government support as politicians in the United States and New Zealand set out conditions for bailouts needed to absorb the shock of coronavirus.
British Airways pilots will face a 50% pay cut to their basic salary for April and May, as the airline seeks to reduce its cost to try survive the coronavirus crisis, the Financial Times reported https://on.ft.com/2xdsAYR on Thursday.
Australia will within days unveil a second stimulus package designed to shelter its economy from the impact of the coronavirus, two sources familiar with the government's plan told Reuters on Friday.
Shattered airlines were left counting the cost of government support as politicians in the United States and New Zealand set out conditions for bailouts needed to absorb the shock of coronavirus.
LATAM Airlines Group, South America's largest carrier, will cut pay to its 43,000-strong workforce by 50% for three months due to economic fallout from the coronavirus outbreak, a source close to the situation told Reuters on Thursday.
LATAM Airlines Group, the continent's largest carrier, will cut pay to its 43,000-strong workforce by 50% for three months, a source close to the situation told Reuters on Thursday, due to the coronavirus outbreak.
Italian information and communications technology group Almaviva said it has expressed interest, along with a group of other IT service companies, in struggling airline Alitalia.