March 16, 2020

BA owner, easyJet make drastic cuts to try to survive coronavirus

The owner of British Airways and easyJet, Europe’s no.3 and no.4 airlines, warned aircraft would be grounded on an unprecedented scale in a battle to survive […]
March 16, 2020

Airlines seek emergency aid as coronavirus brings industry to near-halt

Airlines made unprecedented cuts to flights, costs and staffing on Monday, and stepped up calls for emergency government aid, as coronavirus lockdowns and new travel restrictions […]
March 16, 2020

Fiat Chrysler halts production in Europe as coronavirus hits demand

Fiat Chrysler Automobiles (FCA) is halting production for two weeks at most of its European plants to help protect staff against the coronavirus pandemic and adjust […]
March 16, 2020

Futures pounded as Fed’s aggressive rate cut fans recession fears

Wall Street looked set to crater on Monday after the Federal Reserve’s aggressive move to cut interest rates to nearly zero heightened fears of the economy […]
March 16, 2020

French antitrust body fines Apple 1.1 billion euros for anti-competitive behavior

France’s competition watchdog on Monday fined iPhone maker Apple 1.1 billion euros for anti-competitive behavior in its distribution network and an abuse of economic dependence on […]
March 16, 2020

British Airways-owner, easyJet make drastic cuts to try to survive coronavirus

The owner of British Airways and easyJet, Europe’s no.3 and no.4 airlines, said they would ground aircraft on an unprecedented scale in a battle to survive […]
March 16, 2020

Airlines slash schedules, jobs and pay after new travel restrictions

Airlines around the world said they would make more drastic cuts to their flying schedules, shed jobs and seek government aid after countries further tightened border […]
March 16, 2020

Oil slumps again as coronavirus hits demand and price war bites

Oil fell on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial markets panicked by the rapid spread of […]
March 16, 2020

British Airways-owner to cut capacity by 75%, CEO Walsh staying on

The owner of British Airways said it would cut its flying capacity by at least 75% in April and May and its outgoing boss Willie Walsh […]
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