Air Canada said on Monday it was withdrawing its first-quarter and full-year financial forecasts for 2020 as well as its full-year forecast for 2021, as the coronavirus pandemic sharply decreases travel demand. [nCNWFmr3ra]
Air Canada said on Monday it
was withdrawing its forecasts for the first quarter and
full-year 2020 and 2021, as the coronavirus outbreak hurts
travel demand. [nCNWFmr3ra]
(Reporting by Ankit Ajmera in Bengaluru; Editing by Maju
Samuel)
((ankit.ajmera@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6182 2596;))
nL4N2B9552
Bahrain's state-owned carrier Gulf Air on Monday announced it was temporarily suspending nearly 75% of destinations it operates to as the coronavirus outbreak batters demand for global air travel.
Boeing Co's shares plunged another 20% on Monday, erasing all gains recorded during ousted CEO Dennis Muilenburg's tenure, as the mounting economic fallout of the coronavirus pandemic added to uncertainty around the 737 MAX's return to service.
Tunisia's national carrier Tunisair is expected to lose 70 million dinars ($24.6 million) in March and 80 million dinars in April due to the coronavirus, Chief Executive Elyes Mankbi told Reuters on Monday.
Saudi Aramco said on Monday it was likely to sustain higher oil output planned for April through into May, and that it was "very comfortable" with a price of $30 a barrel.
Nike Inc's revenue could fall by a third in the fourth quarter, Cowen estimated, as the sportswear giant reels from store closures, supply disruptions and the suspension of this year's NBA season due to the coronavirus pandemic.
Brazilian airline Azul said on Monday that it will cut all of its international flights out of its main hub in Sao Paulo state later on Monday because of the coronavirus outbreak, significantly increasing its cancellations.
Online travel startups based in Germany are hunkering down to survive a coronavirus pandemic that threatens to inflict a "nuclear winter" on the travel industry as bookings plunge and borders close.
Germany announced plans on Monday to close most shops, limit restaurants' opening hours and ban religious services to try to slow the spread of the coronavirus.
Airlines made unprecedented cuts to flights, costs and staffing on Monday, stepping up calls for emergency aid as coronavirus lockdowns and new travel restrictions hit more major routes.
The owner of British Airways and easyJet, Europe's no.3 and no.4 airlines, warned aircraft would be grounded on an unprecedented scale in a battle to survive the coronavirus, but while easyJet said state aid was needed, BA's owner talked of self-help.
China's state oil company Sinochem Corp is rejecting any crude cargo "from or related to" Russia's state oil major Rosneft before U.S. sanctions on a Rosneft unit take effect in May, two sources with direct knowledge of the matter told Reuters.
When Japanese conglomerate Marubeni booked a loss of 3.9 billion yen ($35 million) at its U.S. grain trader Gavilon in November, it blamed adjustments for "inappropriate transactions" with Italy and Spain.
China said on Monday that it is encouraging companies to build pig farms overseas to plug a severe domestic pork shortage after a worse-than-ever African swine fever slashed almost half of its pig herd.
The London Metal Exchange (LME) said on Monday an employee of one its ring-dealing members had contracted the coronavirus, clean of the last open-outcry trading venue in Europe, prompting a number of precautionary measures, including a deep clean of its offices.
British retailer Laura Ashley warned on Monday it would need additional funding to meet its ongoing working capital requirements, just a month after saying it has access to sufficient cash to meet its immediate needs.
The Swedish government on Monday presented a package of measures worth more than 300 billion Swedish crowns ($30.94 billion) to support the economy in the face of the coronavirus pandemic.
Reuters
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