Monday, July 7, 2025
Virgin Atlantic Airline Files for US Bankruptcy Protection
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Virgin Atlantic Airline Files for US Bankruptcy Protection

NEW YORK — Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in U.S. bankruptcy court as it tries to survive the virus pandemic that is hammering the airline industry. The airline made the Chapter 15…

Emirates resumes flights to Kuwait City and Lisbon
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Emirates resumes flights to Kuwait City and Lisbon

Expanding its network to 70 destinations Emirates has announced it will resume passenger services to Kuwait City (5 August) and Lisbon (16 August). This will take Emirates’ passenger network to 70 destinations in August, over…

Cargo Airline Cashing in on Junk-Bond Boom
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Cargo Airline Cashing in on Junk-Bond Boom

At a little-known cargo airline that handles shipments for United Parcel Service Inc. and Amazon.com Inc., business is booming. With passenger carriers forced to cut most of their freight capacity during the pandemic, seven-year-old Western…

British Airways Plans to Sell Shares and Avoid Bailout
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British Airways Plans to Sell Shares and Avoid Bailout

British Airways is scrapping all its Boeing 747 jumbo jets. It’s cutting capacity to prepare for years of weak demand for air travel. Now Reuters sources say owner IAG has a plan to get its…

Tesla Reports Q2 Profit, Announces Texas Gigafactory
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Tesla Reports Q2 Profit, Announces Texas Gigafactory

Tesla (TSLA) posted a surprise second-quarter profit last week on cost cutting and strong deliveries, offsetting the effects of its Covid-19 related factory shutdowns. The report may help the electric vehicle manufacturer gain inclusion into…

Emirates to Resume Flights to Stockholm on 1st of August
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Emirates to Resume Flights to Stockholm on 1st of August

Stockholm, Sweden Emirates will resume passenger services to Stockholm with weekly flights from 1 August, expanding its network in Europe to 22 cities, and connecting customers from Europe to the Middle East, Asia Pacific and Africa.…

JetBlue and American Airlines Announce Strategic Partnership
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JetBlue and American Airlines Announce Strategic Partnership

JetBlue Airways Corp. (NASDAQ: JBLU) and American Airlines Group Inc. (NASDAQ: AAL) announced a strategic partnership that will create seamless connectivity for travelers in the Northeast and more choice for customers across their complementary domestic…