American Airlines Holdings Inc intends to apply for up to $12 billion in government aid, ensuring no involuntary layoffs or pay cuts in the next six months, executives said in a memo to employees on Monday.
Major global airlines projected layoffs, furloughs and capacity cuts over the next few months, with Air New Zealand warning that it expected staffing levels to be 30% smaller than it is now, due to the coronavirus pandemic.
Virgin Australia Holdings Ltd said on Tuesday it is seeking a government loan of A$1.4 billion ($862.68 million) and exploring other options to get through the coronavirus crisis.
American Airlines Holdings Inc intends to apply for up to $12 billion government aid, ensuring no involuntary layoffs or pay cuts in the next six months, executives said in a memo to employees on Monday.
Air Canada said on Monday it will cut second quarter capacity by 85%-90%, place about 15,200 unionized employees off duty and furlough about 1,300 managers as the coronavirus pandemic takes a toll on global travel and aviation.
Air New Zealand said on Tuesday nearly a third of its employees, about 3,500, will be laid off in the coming months, as it grapples with severe global travel curbs due to the coronavirus that has forced it to cancel nearly all flights.
Two of Brazil's largest fuel distributors said on Monday they are cutting the amount of ethanol they will buy from local suppliers to adjust to a slump in demand amid the coronavirus lockdown in Latin America's largest economy.
It's watermelon season in Florida. But as the top U.S. watermelon-producing state prepares for harvest, many of the workers needed to collect the crop are stuck in Mexico, unable to secure visas.
Brazil's President Jair Bolsonaro stepped up his stand-off with state governments on Monday by suggesting that democracy could be at risk if the coronavirus crisis leads to social chaos.
Europe's Airbus is grappling with labour and supply chain shortages and may only be able to restore aircraft production to some 10-20% of normal levels for now because of partial shutdowns, industry and union sources said.
Macy's Inc said on Monday it would furlough most of its 130,000-strong workforce starting this week as all stores of the department chain operator have been temporarily shut due to the coronavirus pandemic.
Macy's Inc said on Monday it would furlough most of its 130,000-strong workforce starting this week as all of the company's stores have been temporarily shut due to the coronavirus pandemic.
Argentine shipments of soymeal, soybeans, corn and other agricultural exports were delayed as the government ramps up inspections of incoming cargo ships to ensure crew members were free of coronavirus, industry sources said on Monday.
Egypt's President Abdel Fattah al-Sisi has told the relevant authorities to boost strategic reserves of staple goods, a presidency spokesman said on Monday, as global concerns about food security rise amidst the coronavirus crisis.
Abundant rain mixed with sunny spells in most of Ivory Coast's cocoa regions last week will boost the mid-crop in the world's biggest producer, farmers said on Monday.
United Arab Emirates carrier flydubai will reduce pay for its employees for three months from April due to the impact of the global coronavirus crisis on its business, a spokeswoman said on Monday.
Brazilian development bank BNDES is working to line up emergency financing for airlines in April and could extend a lifeline to other companies needing both capital and liquidity as they weather the impact of the coronavirus pandemic.
Brazil's farmers had planted 99% of the second-corn crop area in the center-south region through last Thursday, with scarce rains a concern in the states of Mato Grosso do Sul, São Paulo and Paraná, agribusiness consultancy AgRural said on Monday.
Ukrainian lawmakers voted on Tuesday to lift a ban on the sale of farmland that has stood for nearly two decades, clearing one of the hurdles needed to unlock an $8 billion loan package from the International Monetary Fund.