Wall Street jumps as battered energy shares rise, lockdowns ease
Wall Street’s main indexes jumped on Tuesday as a recovery in oil prices lifted battered energy stocks and a slew of countries eased coronavirus-induced restrictions in an attempt to revive their economies.
IATA says face masks should be worn on flights in future
The body representing global airlines says that it is recommending the wearing of masks on flights to prevent the spread of coronavirus when flying restarts.
Global airlines body IATA backs face masks for safe flying
The body representing global airlines came out in favour of passengers wearing masks onboard on Tuesday, as debate intensifies over how to get airlines flying while respecting social-distancing rules following the coronavirus crisis.
Fiat Chrysler plunges to loss, to reopen U.S. plants on May 18
Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and warned of a “significant” loss this quarter, even as it prepares to reopen its most profitable North American truck plants on May 18 as coronavirus lockdowns ease.
Wall Street jumps as oil recovers, coronavirus-lockdown eases
Wall Street’s main stock indexes opened higher on Tuesday as oil prices staged a recovery and a slew of countries eased coronavirus-led restrictions in an attempt to revive economic activity.
Lyft offers new cheaper rides with more waiting time
Lyft Inc said on Tuesday it would expand its program that provides cheaper rides to customers willing to wait longer for their pick-ups, at a time when curbs against the coronavirus outbreak have brought its affordable shared services to a halt.
Fiat Chrysler plunges to loss, but no change to PSA deal
Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and scrapped its full-year earnings forecast on Tuesday, as the automaker grapples with a coronavirus crisis that has hammered production and sales.
Fiat Chrysler plunges to loss, scraps outlook on virus crisis
Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and scrapped its full-year earnings forecast on Tuesday, as the automaker grapples with a coronavirus crisis that has hammered production and sales.
Lufthansa has no plans to buy rivals hit by coronavirus crisis: CEO
Lufthansa is not planning to buy rivals weakened by the coronavirus crisis, Chief Executive Carsten Spohr told shareholders at the company’s virtual annual general meeting on Tuesday.
Virgin Atlantic to cut 3,000 jobs, stop using Gatwick: Sky News
Virgin Atlantic is to cut just over 3,000 jobs, or up to a third of its workforce, and stop using Gatwick Airport as part of its battle to survive, Sky News reported on Tuesday.
