Qantas Shares Near $2 After Morning Drama
Qantas Group shares came perilously close to dropping below $2 on the day the airline announced it was suspending two-thirds of its staff. Shares plummeted from $2.53 on Wednesday to a low of $2.03 before…
Tag: financial
Norwegian to Cancel Approximately 3000 Flights and Implement Temporary Layoffs Due to COVID-19
Due to the COVID-19 situation, Norwegian is preparing to cancel approximately 3000 flights between mid-March and mid-June. This represents approximately 15 percent of the total capacity for this period. The company has also put several…
Air New Zealand Suspends 2020 Earnings Guidance
Due to increased uncertainty surrounding the duration and scale of the Covid-19 outbreak, Air New Zealand has today announced that it will be withdrawing the full year 2020 earnings guidance it issued to the market on 24…
Trump Proposes Cutting Amtrak Funding, Boost Infrastructure
WASHINGTON, Feb 10 (Reuters) - The White House budget released on Monday proposed cutting funding for passenger rail carrier Amtrak, while calling for a significant boost in infrastructure spending. The proposal would cut Amtrak funds…
China’s HNA Steps Up Efforts to Sell Swissport at Big Discount
LONDON/FRANKFURT, Feb 5 (Reuters) - China's HNA Group is resuming efforts to find a buyer for airport luggage handler Swissport despite facing a loss of several hundred million dollars on its initial $2.8 billion investment,…
Ford Posts Fourth-Quarter Loss, Disappointing 2020 Outlook
DEARBORN, Mich. (Reuters) - Investors sent Ford Motor Co shares skidding on Tuesday after the company delivered a weaker-than-expected 2020 forecast, warning of higher warranty costs, lower profits at its credit arm and continued investments…
United Airlines Suspends Some Flights to China as Demand Drops Over Virus Fears
CHICAGO (Reuters) - United Airlines Holdings Inc <UAL> said on Tuesday it was suspending some flights between the United States and Beijing, Hong Kong and Shanghai between Feb. 1 and Feb. 8 due to a…
American Airlines Reports Q4 and Full-Year 2019 Profit
FORT WORTH, Texas — American Airlines Group Inc. (NASDAQ: AAL) today reported its fourth-quarter and full-year 2019 financial results, including these highlights: Fourth-quarter 2019 earnings were $0.95 per diluted share. Excluding net special items1, earnings…
Brazil’s GOL Sees 737 MAX Flying by April, Compensation Talks Ongoing
DUBLIN (Reuters) - Brazilian low-cost carrier GOL, which has 130 of Boeing's grounded 737 MAX jets on order, expects to be flying the jet by April and hopes to secure a compensation deal within months,…
American Airlines Reaches Settlement with Boeing for 737 MAX Compensation
(Reuters) - American Airlines Group Inc <AAL> said on Monday it had reached a confidential agreement with Boeing Co <BA> to address damages the airline incurred in 2019 due to the ongoing grounding of its…