Ryanair reported on Monday an after-tax loss of 185 million euros ($216.54 million) for the three months to June 30 after COVID-19 reduced traffic by 99%, and the airline said it was impossible to say whether it might turn a profit this year.
Spain is safe for tourists and Spaniards, the government insisted on Sunday after Britain abruptly imposed a two-week coronavirus quarantine on travellers returning from there, a decision that filled holidaymakers with dismay.
Smithfield Foods, the world's biggest pork processor, said workers cannot be socially distant in all areas of its plants, in response to U.S. senators who pressed meatpackers on coronavirus outbreaks in slaughterhouses.
Boeing Co is preparing to delay its all-new 777X jet by several months or up to a year, three people familiar with the matter said, as the COVID-19 crisis exacerbates a drop in demand for the industry's largest jetliners.
A $2.45 billion loan proposal for bankrupt LATAM Airlines by Oaktree Capital Management LP and the airline's shareholders has run into opposition from creditors, who say the debt package is too expensive.
A study of analyst recommendations at the major brokerages shows that Allegheny Technologies, Inc (Symbol: ATI) is the #47 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Ch
British Airways owner IAG said on Friday it is drawing up plans for a possible rights issue of up to 2.75 billion euros ($3.20 billion) to strengthen its balance sheet.
Mills in Brazil's center-south produced 3.02 million tonnes of sugar in the first half of July, 55% more than in the year-ago period and just shy of the 15-day period record, as plants continue to heavily favor the sweetener at the expense of ethanol.
Morocco’s OCP group could halt fertiliser sales in the United States if the U.S. Commerce Department imposes an anti-subsidy duty on its products, two senior group officials said on Friday.
The Federal Aviation Administration (FAA) on Friday issued an emergency airworthiness directive for 2,000 U.S.-registered Boeing 737 NG and Classic aircraft that have been in storage, warning they could have corrosion that could lead to a dual-engine failure.
British Airways owner IAG is set to issue shares at the end of the summer in a bid to raise up to 2.5 billion euros ($2.88 billion) to keep the business afloat and avoid a government bailout, several sources said.
The Federal Aviation Administration (FAA) on Friday issued an emergency airworthiness directive for 2,000 U.S.-registered Boeing 737 NG and Classic aircraft that have been in storage, warning they could have corrosion that could lead to a dual-engine failure.
South African clothing and furniture retailer Pepkor Holdings said on Friday sales for its fiscal third quarter ended June 30 slumped 17.2% after its stores were shut for some of the period due to a COVID-19 lockdown.
Iran said on Friday a U.S. fighter jet "harassed" an Iranian civilian airliner in an act of terrorism which injured and panicked passengers, dismissing a U.S. account that the jet was merely conducting a visual inspection.
The number of daily passenger flights in China has rebounded to 80% of pre-coronavirus levels, China's aviation regulator said on Friday, as the aviation industry recovers from the plunge in travel demand caused by the COVID-19 pandemic.
The transcript from the black boxes from a Ukrainian jet accidentally shot down by Iran on Jan. 8 confirm the fact of illegal interference with the plane, Ukraine's deputy foreign minister wrote on Twitter on Friday.
Thai shares led a slide in emerging Asian markets on Friday as a bigger-than-expected drop in June exports added to the impact on sentiment across the region from the diplomatic spat between China and the United States.
British Airways-owner International Airlines Group said American Express would pay it 750 million pounds ($955 million) to renew their partnership, providing a welcome boost to the airline's finances at a time when it is burning through cash.
France's Thales slashed financial forecasts for the year on Friday after seeing its profits fall by more than half in the first half, "heavily impacted" by the coronavirus crisis.