Ryanair cools on Airbus, moves back towards all-Boeing fleet
Ryanair plans to move back towards an all-Boeing fleet by cancelling leases for Airbus A320s for its Lauda subsidiary and likely replacing 30 Airbus jets at the Austrian airline with Boeing 737s, Chief Executive Michael O’Leary told Reuters.
Thyssenkrupp faces deep quarterly loss due to coronavirus, shares tank
German conglomerate Thyssenkrupp warned on Tuesday that its operating loss could swell to 1 billion euros ($1.1 billion) in the April to June quarter due to the coronavirus crisis.
Saudi Aramco profit falls 25% but dividend in line with planned payout for year
Saudi Aramco, the world’s top oil exporting company, on Tuesday reported a 25% fall in first-quarter net profit, missing analyst estimates, but its quarterly dividend was in line with a plan for a $75 billion payout for the year.
Stocks rally falters as virus and trade nerves linger
Europe’s share markets, bond yields and the euro all inched higher on Tuesday, as mildly reassuring signals from China’s economy helped limit worries about a potential second wave of coronavirus infections.
Toyota sees 80% profit drop as virus wipes $14 billion off car sales
Toyota Motor Corp said on Tuesday it expects profit to drop by 80% to its lowest in nine years, as Japan’s biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles.
U.S. federal court to consider payout suit brought by RBS whistleblower
The U.S. Second Circuit Appeals Court will on Tuesday consider arguments by an ex-Royal Bank of Scotland employee who is suing the U.S. Justice Department and Securities and Exchange Commission for a bounty he says he is owed under a whistleblower prog…
BOC Aviation says lessors may have to take back planes later this year
Aircraft lessors may need to start taking back some planes in the second half of the year, the CEO of BOC Aviation Ltd said, adding that the pandemic-hit aviation market could take until 2023 to fully rebound.
ArcelorMittal offers $2 billion of shares, convertibles at discount
ArcelorMittal , the world’s largest steelmaker, is issuing $2 billion of shares and convertible notes at a deep discount to accelerate debt reduction plans that have been slowed by the COVID-19 pandemic.
Honda profits shrink to four-year low, coronavirus clouds outlook
Honda Motor Co on Tuesday posted its lowest operating profit in four years and refrained from releasing an earnings outlook for the current year because of uncertainty about the longer-term impact of the coronavirus on global car demand.
Popeyes sticks to China expansion plan in spite of virus
Fried chicken chain Popeyes is forging ahead with the opening of its first outlet in China despite the coronavirus outbreak and plans to set up “a few more” by the end of the year in several Chinese cities, its executives said on Tuesday.
