Delta has received approval from Shanghai government to resume flights
Delta Air Lines has received approval from the Shanghai government to resume flights from June 18, a company spokeswoman said on Monday, paving the way for the carrier to resume services to China after months of suspension due to COVID-19.
United Airlines secures $5 billion loan backed by loyalty program
United Airlines said on Monday it is securing a $5 billion loan backed by its MileagePlus loyalty program, bringing potential total liquidity to $17 billion, an amount that senior executives said would be enough to carry it through a potential second …
Revenue at airline Avianca falls 51% through early June on coronavirus
Passenger revenue at Latin America’s No. 2 airline, Avianca Holdings , has fallen 51% for the year as of early June compared with a year ago, the carrier said, in a look into the dire financial toll that the coronavirus has taken on the company.
Walmart partners with Shopify to expand online marketplace business
Walmart Inc has partnered with Canadian e-commerce firm Shopify Inc , as the world’s biggest brick-and-mortar retailer ramps up its efforts to capture a bigger slice of the coronavirus-driven surge in online shopping.
Intesa, BPER revise terms to try to clear antitrust hurdles to UBI deal
Italy’s Intesa Sanpaolo has agreed to sell more branches and assets to rival BPER to try to overcome antitrust objections to its proposed takeover of UBI Banca .
Volkswagen expects very bad second-quarter, positive 2020 adjusted operating profit
Volkswagen expects a very bad second quarter, but also sees a positive adjusted operating profit before special items for 2020, Chief Financial Officer Frank Witter said in an internal newsletter.
Delta has received approval from Shanghai govt to resume flights
Delta Air Lines has received approval from the Shanghai government to resume flights from June 18, a company spokeswoman said on Monday, paving the way for the carrier to resume services to China after months of suspension due to COVID-19.
Stocks, oil under pressure amid fears of second wave of pandemic
Fears of a second wave of COVID-19 infections sent jitters across global markets on Monday with stocks and oil under pressure while investors bought into safe havens such as government bonds.
U.S. mattress business springs back from pandemic shutdown
The U.S. mattress business has bounced back after months of shutdowns from the coronavirus pandemic kept customers away.
Meatpacking workers often absent after Trump order to reopen
Smithfield Foods Inc [SFII.UL] is missing about a third of its employees at a South Dakota pork plant because they are quarantined or afraid to return to work after a severe coronavirus outbreak, according to the workers’ union.
