The trade union battling British Airways (BA) has met investors in its parent company IAG, seeking to ramp up pressure on the airline over plans to cut staff, pay and conditions.
World markets are caught in a tug of war -- that much is clear from the gyrations in stocks, bonds and FX in the past week. Encouraging economic data provides the push for further stock market gains, surging coronavirus infections the pull on sentiment. These opposing forces have sent the S&P 500 up by as much 1.8% this week and down by as much as 2.4%, with Thursday's gains leaving it flat.
The trade union battling British Airways has met investors in its parent company IAG as it tries to ramp up pressure on the airline to stop it cutting staff pay and conditions by using the coronavirus pandemic as an excuse.
Britain's FTSE 100 index is seen opening 81 points higher at 6,228 on Friday, according to financial bookmakers, with futures FFIc1 up 0.68% ahead of cash marktes open.
The head of France's ADP said on Friday he could not rule out job cuts due to the impact on travel from the COVID-19 crisis and that the airports group would halve its annual investment plans.
The Dutch government on Friday said it would provide Air France-KLM's Dutch subsidiary KLM with a 3.4 billion euro ($3.81 billion) financing package to help it survive during the coronavirus pandemic.
British low-cost airline easyJet said it strengthened its finances by $255 million through the sale and leaseback of six A320neo aircraft with leasing firm SMBC Aviation Capital.
The Dutch government on Friday said it would provide Air France-KLM's Dutch subsidiary KLM with a 3.4 billion euro ($3.81 billion) financing package to help it survive during the coronavirus outbreak.
With no sign of the global coronavirus threat easing anytime soon, protective masks are fast becoming fashion accessories for Indonesians and Malaysians keen to add some style and humour to healthwear essentials.
Mexican airline Aeromexico said on Thursday that in July it will operate twice as many domestic flights as it did in June and expects to increase its international operations four-fold over the same time.
China's soybean imports from top supplier Brazil soared in May to their highest in two years, according to customs data released late on Thursday, as backed-up cargoes that were delayed by bad weather in Brazil cleared customs.
Qantas Airways Ltd successfully completed a discounted A$1.36 billion ($940 million) share placement to institutional investors on Friday, before its shares dropped to a one-month low as they resumed trading.
U.S. private equity group Bain Capital has been selected as the preferred bidder for Virgin Australia Holdings Ltd, the airline's administrator said on Friday without disclosing the terms of the deal.
The chief executives of major U.S. airlines are set to hold a meeting Friday to discuss a range of coronavirus-related travel issues including the industry's push to convince the federal government to mandate temperature checks for passengers, three people briefed on the matter said.
The chief executives of major U.S. airlines are set to hold a meeting Friday to discuss a range of coronavirus-travel issues, three people briefed on the matter said.
Six U.S. unions representing aviation workers told top lawmakers on Thursday that another $32 billion in payroll aid is needed to keep hundreds of thousands of workers employed through March 31, as a resurgence in coronavirus cases raises fears that air travel may not rebound this year.
Last fall, European Space Agency satellites detected huge plumes of the invisible planet-warming gas methane leaking from the Yamal pipeline that carries natural gas from Siberia to Europe.
Cyrus Capital Partners said on Friday it had withdrawn its bid for Virgin Australia Holdings Ltd, citing a lack of engagement by the airline's administrator, but said it was willing to reinstate it under certain conditions.
Cyrus Capital Partners said on Friday it had withdrawn its bid for Virgin Australia Holdings Ltd, citing a lack of engagement by the airline's administrator, but said it was willing to reinstate it under certain conditions.