May 14, 2020

Delta, others wrestle with too many planes, too many pilots

Delta Air Lines moved to retire its Boeing Co 777 fleet and reduce its pilot ranks on Thursday as it joins other airlines wrestling with the […]
May 14, 2020

Lufthansa restores routes, targets 1,800 weekly flights

Lufthansa plans to resume flights to destinations including Los Angeles, Toronto and Mumbai next month as it begins to restore some of the capacity grounded by […]
May 14, 2020

Lower-income workers hit harder by coronavirus job losses, Fed survey finds

The coronavirus crisis drove a dramatic weakening in American households’ finances as millions of people lost work or had their hours or pay reduced, with low-wage […]
May 14, 2020

Second layoffs, backlogs wave keeps U.S. jobless claims sky high

The novel coronavirus crisis continues to pummel the U.S. labor market, with the number of Americans filing for unemployment benefits falling less than expected last week, […]
May 14, 2020

Wall Street drops on trade war fears, economic worries

Wall Street’s main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-U.S. trade relations added to fears of an extended economic downturn […]
May 14, 2020

U.S. jobless claims remain elevated amid second layoffs wave

The novel coronavirus crisis continues to pummel the U.S. labor market, with the number of Americans filing for unemployment benefits falling less than expected last week, […]
May 14, 2020

Wall St drops on Trump’s China trade comments, economic worries

Wall Street’s main indexes fell on Thursday, extending declines for the third straight session, as comments from President Donald Trump renewed worries over Sino-U.S. trade relations […]
May 14, 2020

Lufthansa plans 1,800 round trips a week by the end of June

German flagship carrier Lufthansa on Thursday said it would be offering 1,800 round trips a week to more than 130 destinations around the world by the […]
May 14, 2020

Exclusive: Airbus must be ‘resized’ to tackle crisis, CEO tells staff – sources

Planemaker Airbus has told senior staff the company must be “resized” in plans to be set out by around end-June and is ready to cut jet […]
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