Swedish Airports group lays off 1,900 workers as traffic slumps
Sweden’s biggest airport operator says it’s laying off at least 1,900 workers as the fallout from the coronavirus halts traffic and forces people to cancel…
UPS shares beat other transportation stocks with Amazon’s help
In a brutal market rout that has spared almost no corner of the financial market, one American brand is showing extraordinary resilience.
Even coffee supplies under threat amid global transport woes
Some of the world’s largest coffee traders are bracing for supply-chain disruptions as the coronavirus pandemic threatens to cause delays to ports and other transport…
Iran’s Khamenei describes a ‘difficult year’ of sanctions, virus
As Iran marked the beginning of a new calendar year on Friday, the country’s leaders pledged to improve the economy and domestic production in the…
Cathay Pacific scraps 96% of flights as virus stops travel
Cathay Pacific Airways Ltd. will slash passenger capacity by 96% in April and May as the coronavirus shuts down travel across the world.
Airline loans would come with conditions under GOP Senate bill
A Senate Republican proposal responding to the fast-spreading economic devastation from the Covid-19 outbreak includes $58 billion for loans to airlines that have seen traffic…
The fragile system supplying food to the world is under strain
Global warehouses are stuffed with frozen cuts of pork, wheels of cheese and bags of rice. But as the coronavirus snarls logistical operations, the question…
Air New Zealand agrees to government loan to keep flying
Air New Zealand agreed a two-year loan deal with the government to protect essential routes and ensure the national airline keeps operating as the coronavirus…
Virgin Atlantic staff back unpaid leave in bid to save carrier
Nearly all ground workers at Virgin Atlantic Airways agreed to take unpaid leave or exit their jobs as the coronavirus outbreak batters the industry, according…
Apollo buys part of United Airlines loan banks wanted to shed
Apollo Global Management Inc. has bought a chunk of a loan arranged by a group of banks that will help United Airlines Holdings Inc. boost…
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