Hungary-based airline Wizz Air said it was expecting a travel recovery in spring but before then winter would be tough, after the pandemic pushed it to a loss in the six months to the end of September.
Wizz Air said revenue plunged 72% in the six months ended September as passenger numbers shrunk during the pandemic, and forecast a challenging winter as restrictions continue.
Mexican airline Aeromexico has requested permission from U.S. bankruptcy court to dismiss 1,830 employees in a cost-saving measure to weather the economic shocks of the coronavirus crisis, according to court filings filed on Wednesday.
German minerals miner K+S on Wednesday said it will take a one-off non-cash impairment loss of about 2 billion euros ($2.4 billion) on assets, citing lower long-term potash price expectations and a higher cost of capital rate.
Ireland will start implementing the European Union's "traffic light" system for non-essential EU travellers such as tourists from Nov. 8, easing some of the bloc's tightest restrictions, Tourist Minister Eamon Ryan said on Wednesday.
Malaysia's AirAsia X Bhd on Wednesday said it has revised its $15.3 billion debt restructuring plan to re-categorise its creditors in a bid to address concerns raised by a creditor.
United Arab Emirates airline flydubai on Wednesday said it would start direct fights to Israel this month with twice daily services between Dubai and Tel Aviv.
Malaysia-based carrier Malindo Air has launched a retrenchment exercise ranging from termination to a year's unpaid leave for 2,647 employees, the human resources ministry said on Wednesday, as the coronavirus pandemic batters the aviation industry.
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The board of Russia's Norilsk Nickel on Tuesday recommended a nine-month dividend of 98.64 billion roubles ($1.24 billion), at 623.35 roubles per share, down sharply fall from 2019.
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Aluminum Corp of China Ltd, or Chalco, said on Tuesday it would sell a 135,000 tonnes annual aluminium smelting capacity quota to Yunnan Aluminium, continuing the sector's migration to China's hydropower-rich southwest.
Nigerian protests against police brutality, coupled with curfews to quell unrest, have drastically slowed cocoa shipments to the Lagos port, adding to problems for farmers grappling with falling prices, an industry body said.
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