Chinese budget carrier Spring Airlines is leveraging its low-cost position to attract customers with cheap fares as the country's domestic aviation market recovers, pursuing an aggressive expansion strategy that could soon turn profitable.
Qantas Airways Ltd said on Friday that Australian state border closures due to the coronavirus pandemic had cost it A$100 million ($71 million) in earnings in the first quarter and would have a negative impact in the second quarter as well.
Mitsubishi Heavy Industries will freeze development of its SpaceJet regional jet as the COVID-19 pandemic squeezes finances and erodes prospects for Japan's first passenger aircraft in half a century, two sources said.
Qantas Airways Ltd said on Friday that Australian state border closures due to the coronavirus pandemic had cost it A$100 million ($71.26 million) in earnings in the first quarter and would have a negative impact in the second quarter as well.
Mitsubishi Heavy Industries Ltd said on Friday it was considering various options for its SpaceJet regional jet but had not decided to freeze development of the aircraft.
The United States, state governments and some foreign countries should replace quarantines and travel bans on airline passengers with COVID-19 testing of travelers before departure and upon arrival, airline and business groups said on Thursday.
Demand for gold from jewellers and central banks will remain sharply lower in 2021 than before coronavirus, but investors will keep prices high by stockpiling record amounts of bullion, Refinitiv Metals Research said.
The Canadian government and the province of Alberta are launching a pilot program to test eligible returning travelers for COVID-19, allowing them to leave quarantine once they receive a negative result, Alberta Premier Jason Kenney said on Thursday.
Airbus has asked suppliers to be ready to support a conditional 18% increase in production of its best-selling single-aisle A320 jet family to 47 jets a month as early as the second half of 2020, the European planemaker said on Thursday.
Argentine farmers are expected to harvest 16.8 million tonnes of wheat this season, the Buenos Aires Grains Exchange said in its weekly crop report on Thursday, citing months of dry weather as its reason for cutting its previous 17.5 million tonne estimate.
The Canadian government and the province of Alberta are launching a pilot program to test eligible returning travelers for COVID-19, allowing them to leave quarantine once they receive a negative result, Alberta Premier Jason Kenney said on Thursday.
Airbus has asked suppliers to be ready to support an increase in production of its best-selling single-aisle A320 jet family to 47 jets a month as early as the second half of 2020, the European planemaker said on Thursday.
At least 10 people have been killed in a port town in southern Ivory Coast this week, the mayor said on Thursday, as supporters and opponents of President Alassane Ouattara trade blame for rising violence ahead of the Oct. 31 election.
The London Metal Exchange is not trying to permanently close its open-outcry ring "by stealth" with its push to boost digital trading during the COVID-19 pandemic, its chief executive told Reuters on Thursday.
Japan's Mitsubishi Heavy Industries Ltd plans to freeze development of its Spacejet regional jet as the coronavirus pandemic erodes its finances and that of the aerospace industry, two people with knowledge of the decision said on Thursday.
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American Airlines and Southwest Airlines each reported deep losses in the third quarter on Thursday, but said they would burn less cash in the months to come as leisure bookings show signs of recovery from this year's coronavirus-driven collapse.
Japan's Mitsubishi Heavy Industries plans to freeze development of its Spacejet regional jet as the coronavirus pandemic erodes its finances and the wider aerospace industry, a person with knowledge of the decision told Reuters.