Interglobe Aviation Ltd, which runs India's largest airline Indigo, reported a quarterly loss on Tuesday as its expenses rose and the COVID-19 pandemic hit operations.
The world's No. 3 planemaker Embraer is open to new business partners after Boeing Co ditched a $4.2 billion deal that was years in the making, the Brazilian company's chief executive told Reuters.
Virgin Australia Holdings Ltd's administrator said on Tuesday it had selected Bain Capital and Cyrus Capital Partners as the final bidders for the country's second-biggest airline.
India's gold imports in May plunged 99% from a year earlier as international air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said on Tuesday.
Southwest Airlines Co on Monday extended buyout packages and temporary paid leaves to employees in what its chief executive said was an effort to "ensure survival" as the carrier braces for a slow recovery from the coronavirus pandemic, according to documents detailing the packages that were seen by Reuters.
Stitch Fix Inc said on Monday it plans to cut up to 1,400 jobs in California and invest in other U.S. states where the apparel seller would offer new roles to all those affected.
Boeing Co has taken former partner Embraer SA to arbitration over a failed $4.2 billion deal, the Brazilian planemaker said in a securities filing on Monday night.
British government ministers are aiming to replace coronavirus quarantine for people arriving at airports by the end of June, with so-called air bridges being considered as an option, the Telegraph newspaper reported.
U.S. public companies sold more than $60 billion in shares in May, the biggest monthly haul ever, as they capitalized on a stock market rally fueled by hopes that the COVID-19 pandemic is subsiding.
Clothing retailer Reitmans Canada Ltd said on Monday it would permanently shutdown its Thyme Maternity and Addition Elle brands and slash its work force by about 1,400 employees as part of a restructuring plan.
Meatpacker Marfrig Global Foods has signed a settlement with labor prosecutors in Brazil to improve protections for workers amid outbreaks of COVID-19 cases in food plants, labor prosecutors said in a statement on Monday.
Aerolineas Argentinas will begin negotiations with unions to suspend the contracts of thousands of employees until August after the flag carrier's income plunged about 97% due to the coronavirus outbreak, it said on Monday.
Costa Rican coffee exports fell 13% in May, according to national coffee institute ICAFE data released on Monday, likely due to advance purchases in April as buyers sought to ease expected logistical jams from coronavirus disruptions.
HollyFrontier Corp said on Monday it will convert its 52,000 barrels per day oil refinery in Cheyenne, Wyoming into a renewable diesel plant to try to tap into growing demand for the alternative fuel.
More than a quarter of the confirmed novel coronavirus cases in Brazil's southernmost state of Rio Grande do Sul are among meat plant workers, the labor prosecutors' office said on Monday.
Lufthansa's supervisory board said on Monday it had approved a 9 billion euro ($10 billion) government bailout that will force the German airline to give some of its prized landing slots to rivals.