Comdata launches solution to support same-day payments for fleets
Comdata QuickPay is a new financing solution that gives fleet owners access to same-day payments on the loads they deliver. The program also helps fleets…
IPhone maker Hon Hai’s profit slides ahead of virus outbreak
Hon Hai Precision Industry Co.’s quarterly profit fell 24% after tepid smartphone demand and U.S.-Chinese tensions depressed sales ahead of the coronavirus outbreak.
EasyJet Grounds Fleet, Plans to Build Buffer Against Virus Blow
EasyJet Plc grounded its entire fleet after completing customer-repatriation flights, and said it’s in talks to build a cash cushion to see it through the…
Airlines Raise More Than $17 Billion From Banks in Weeks
Airlines worldwide raised more than $17 billion in bank loans in March to shore up their finances amid the coronavirus outbreak.
The Global Oil Market Is Broken, Drowning in Crude Nobody Needs
The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies.
Thai Airlines to Seek $491 Million Government Bailout, Post Says
Seven airlines in Thailand are set to start talks with the Finance Ministry for a 16 billion baht ($491 million) bailout, the Bangkok Post reported.
Coronavirus: Carnival Corporation offers up to 15 ships for floating hospitals at U.S. & foreign ports
Carnival Corporation has offered up to 15 cruise ships to be deployed as possible hospital ships for non-Coronavirus – COVID-19 - hospital patients, according to…
Russia Wants to Limit Grain Exports to Protect Food Supplies
Russia, the world’s biggest wheat exporter, proposed limiting grain shipments to protect its own food security in the face of the spreading coronavirus pandemic.
The Coronavirus Is Squeezing Aerospace Beyond Boeing and Airbus
As the coronavirus outbreak wipes out demand for air travel, the impact has spread beyond airlines and planemakers Airbus SE and Boeing Co., endangering the…
Munich Airport in crisis mode
Due to the travel restrictions and the drastic reductions in available flights resulting from the coronavirus pandemic, Munich Airport is currently experiencing massive decreases in…
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