Mexico rejected an accusation by Salvadoran President Nayib Bukele on Monday that it had allowed a dozen people with coronavirus to board a flight to San Salvador, saying medical staff had found no evidence of the virus on the travelers.
Qantas Airways Ltd said on Tuesday it would cut its international capacity by around 90% until at least the end of May as travel demand to Australia plunges because of new restrictions on arrivals related to the coronavirus.
The U.S. travel sector doubled down on online ads in the last month, joining healthcare and food delivery providers in pushing deals even as the coronavirus pandemic caused mass cancellations and deterred many travelers.
In trading on Monday, shares of POSCO (Symbol: PKX) entered into oversold territory, changing hands as low as $30 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of
In trading on Monday, shares of Aluminum Corp of China Ltd. (Symbol: ACH) entered into oversold territory, changing hands as low as $5.2836 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measu
Boeing and Airbus face a drop in planned deliveries as airlines struggle to survive the coronavirus crisis, sending shares in planemakers plunging on Monday.
President Donald Trump urged Americans on Monday to halt most social activities for 15 days and not congregate in groups larger than 10 people in a newly aggressive effort to reduce the spread of the coronavirus in the United States.
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.
U..S. airports are seeking $10 billion in U.S. government assistance to help offset losses incurred by the sharp drop in travel due to coronavirus, two people briefed on the matter said.
Canada closed its borders to all foreign nationals, except U.S. citizens, on Monday, and Prime Minister Justin Trudeau urged people to stay at home to help stem the spread of the new coronavirus.
A group representing major U.S. airlines said the industry needs $50 billion in grants and loans to survive the dramatic falloff in travel demand from the coronavirus outbreak.
British people need to stop non-essential contact and avoid clubs, pubs, theatres and all unnecessary travel as the coronavirus outbreak accelerates towards the fast growth phase, Prime Minister Boris Johnson said on Monday.
Major airlines sought a U.S. government bailout of more than $50 billion as the White House move urgently drafting a financial assistance package in the wake of the steep falloff in U.S. travel demand.
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.