Ryanair said on Friday it expects to report annual profit at the lower end of its prior outlook following widespread travel restrictions imposed by European governments to curb the spread of the coronavirus outbreak.
Shipments of beef from Argentina's famed cattle ranches to the European Union have plunged to almost zero amid the global coronavirus outbreak, while sales to top buyer China have tumbled from last year's levels, industry officials told Reuters.
Hong Kong's Cathay Pacific Airways Ltd will make further cuts to passenger capacity because of extremely low demand, leaving it with just two flights a week each to four destinations in April, according to an internal memo.
Boeing Co said on Thursday it will temporarily suspend production at facilities in Ridley Township, Pennsylvania, amid the ongoing coronavirus pandemic, adding that the suspension will last two weeks, with work to resume on April 20.
Hong Kong's Cathay Pacific Airways Ltd will make further cuts to passenger capacity due to extremely low demand for flights, leaving it with just two flights a week each to four destinations in April, according to an internal memo.
International seat capacity has dropped by almost 80% from a year ago and half the world's airplanes are in storage, new data shows, suggesting the aviation industry may take years to recover from the coronavirus pandemic.
A full airline industry recovery from the coronavirus looks prolonged at best, analysts said, as new data showed international seat capacity had fallen to 23% of last year's levels and around half the world's airplane fleet is in storage.
Six planes carrying more than 4,000 high-quality French breeding pigs have arrived in China so far this year, the first of an expected dozens of plane-loads as the world's top pork producer rebuilds its decimated hog herd.
American Airlines Co said on Thursday it is cutting additional flights this summer as travel demand has drastically shrunk amid the coronavirus pandemic.
The coronavirus pandemic may have erased around $64 billion of value from Warren Buffett's equity portfolio at Berkshire Hathaway Inc, setting up the conglomerate for one of the largest quarterly losses ever by an American company.
Bad weather and coronavirus are walloping Argentina's key soy export industry, with a grains exchange cutting its harvest estimate on Thursday as a long line of cargo ships dropped anchor in the Parana River, delayed by health inspections.
U.S. poultry company Sanderson Farms Inc on Thursday said it is reducing chicken production in Georgia, the top U.S. chicken-producing state, after ordering more than 400 slaughterhouse workers who seem healthy to stay home as a precaution against infection by the novel coronavirus.
In trading on Thursday, shares of Arconic Inc (Symbol: ARNC) entered into oversold territory, changing hands as low as $7.24 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on
Vietnam Airlines will lose 50 trillion dong ($2.12 billion) in revenue this year as most of its 106-strong fleet have been grounded due to the coronavirus, state media reported on Thursday.
British Airways has reached an agreement with the Unite union to furlough staff on 80% of pay without any cap on earnings and without anyone being made redundant, the union said on Thursday.
Germany is in talks to provide Lufthansa with billions of euros in state aid and could take a stake in the airline, which has grounded 95% of its fleet due to the coronavirus pandemic, people close to the matter said.
In trading on Thursday, shares of Kinross Gold Corp. (Symbol: KGC) crossed above their 200 day moving average of $4.62, changing hands as high as $4.80 per share. Kinross Gold Corp. shares are currently trading up about 7% on the day. The chart below shows the one year perfo
The global sliver market will be undersupplied for a third year in 2020 as investors are lured by decade-low prices, offsetting expected falls in its use by jewellers and industry, a report forecast.
Reuters
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