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Financial Highlights: Reported net income for the second quarter of 2019 under Generally Accepted Accounting Principles (GAAP) of $262 million, or $2.11 per diluted share, compared to net income of $193 million, or $1.56 per diluted share in the second quarter…
BOGOTA, Colombia, July 22, 2019 /PRNewswire/ -- Avianca Holdings S.A. (NYSE: AVH) today announced that, in connection with its previously announced re-profiling plan for its capital structure, the company has temporarily deferred payments on certain long-term leases and on…
Closure represents next step in the Company’s long-term cost and footprint reduction strategiesWhen complete in early 2020, the Company is expected to save $5 million per year in fixed costs CHICAGO, July 22, 2019 (GLOBE…
DETROIT (Reuters) - Ford Motor Co said on Monday it would invest $50 million upgrading a Chicago facility to partially assemble hybrid electric SUVs and vehicles for police use, creating 450 jobs. The plant currently…
CAIRO, July 20 (Reuters) - British Airways and Lufthansa abruptly suspended flights to Cairo from Saturday over security concerns, but giving no details about what may have prompted the move. "We constantly review our security…
The Boeing Co. is looking at south metro Atlanta for a warehouse and distribution center that could approach 1 million square feet — the latest mega project for the region's booming logistics sector. The aerospace giant…
WASHINGTON, July 19 (Reuters) - Lockheed Martin was awarded a $1.48 billion contract to build the THAAD missile defense system for Saudi Arabia, bringing the total value of the deal to $5.36 billion, the Pentagon…
SHANGHAI (Reuters) - China Southern Airlines will carry out an equity diversification plan that will involve the injection of 30 billion yuan ($4.36 billion) of capital from three investors, the firm announced on Saturday. The…
LONDON (Reuters) - Airbus is close to a deal worth billions of dollars to sell dozens of A320neo-family and smaller A220 aircraft to Air France as the French network carries out a keenly awaited renewal…
WASHINGTON (Reuters) - U.S. President Donald Trump met on Thursday with the chief executives of major American airlines to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the…
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