May 7, 2020

U.S. and Europe spar over next stage of aircraft subsidy dispute

The United States said there was “no valid basis” for the European Union to retaliate against U.S. goods in a long-running subsidy row after Boeing lost […]
May 7, 2020

JetBlue Airways posts quarterly loss and revises Airbus order book

JetBlue Airways Corp on Thursday posted a $268 million quarterly loss due to the impact of the coronavirus pandemic on air travel and said it had […]
May 7, 2020

Air France job cuts to test CEO Smith’s consensual style

Air France-KLM is opening talks with its French unions on workforce cuts, Chief Executive Ben Smith told Reuters, as the airline group warned of mounting losses […]
May 7, 2020

British Airways owner IAG must restructure across the board: Walsh

The owner of British Airways, Iberia, Vueling and Aer Lingus must cut costs across the board to weather the coronavirus crisis as air travel won’t return […]
May 7, 2020

GSK sells $3.35 billion stake in Hindustan Unilever

GlaxoSmithKline said on Thursday it sold its stake in Unilever’s Indian business for $3.35 billion, which Refinitiv says is the largest block trade ever to have […]
May 7, 2020

AB InBev sees worse ahead, but some light in China

Anheuser-Busch InBev , the world’s largest beer maker, forecast a “materially worse” second quarter as coronavirus restrictions curb drinking across the globe, although China was showing […]
May 7, 2020

BT scraps dividend, invests in fibre as rivals agree merger

Britain’s biggest telecoms group BT suspended its dividend and said it would spend billions more on faster fibre broadband connections, on the day two of its […]
May 7, 2020

German economy minister: We’ll prevent Lufthansa from being sold out

The German government will prevent Lufthansa , the country’s flagship carrier, from being sold out, Economy Minister Peter Altmaier told Bild newspaper on Thursday. Powered by […]
May 7, 2020

World food prices fall sharply in April because of coronavirus: U.N.

World food prices fell for a third consecutive month in April, hit by the economic and logistical impact of the coronavirus pandemic, the United Nations food […]
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