Singapore Airlines taps investors for up to $10.5 billion amid coronavirus shock

State investor Temasek Holdings and others will inject as much as S$19 billion ($13.27 billion) of liquidity into Singapore Airlines (SIA) in the single biggest rescue for an airline slammed by the coronavirus pandemic......»»

Singapore Airlines Ltd said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return......»»

United Airlines Holdings Inc said on Wednesday it plans to raise $2.25 billion through a bond offering amid a coronavirus-linked slump in air travel demand, and backtracked on a controversial plan to cut working hours for thousands of employees......»»

Amid a drastic decline in global demand for travel as a result of the coronavirus, Hawaiian Holdings, Inc., the parent company of Hawaiian Airlines, reported a loss of $144.4 million in non-adjusted net income, or $3.14 per diluted share, for the f.....»»

Thailand’s budget and full-service carriers are seeking soft-loans worth 25 billion baht ($770.65 million) from the government to support their businesses amid the coronavirus outbreak, an airline executive said on Friday......»»

Singapore Airlines Ltd said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand afterward, in a sign of confidence travel demand will eventually return......»»

Global share markets plunged on Monday as panicked investors fled to the safety of bonds and the yen to hedge the economic trauma of the coronavirus, while oil plunged more than 30% after Saudi Arabia opened the taps in a price war with Russia......»»

Investors wiped around $420 billion from China’s premier stock index, as commodities were dumped amid the country’s accelerating Coronavirus outbreak. The Shanghai Composite tumbled almo.....»»

The number of confirmed cases of the coronavirus-borne illness COVID-19 edged closer to 148 million on Tuesday, as India's surge continued to overwhelm its healthcare system amid a global effort to send much-needed relief to the nation of 1.4 billion......»»

United Airlines will raise $9 billion from institutional investors through a combination of loans and bonds. Part of that will pay off $520 million the company already bo.....»»

Investors put $56.76 billion into US equities this past week, a 237% jump from the $16.83 billion that went into stocks the week prior. Traders and clerks at the CME Group toss.....»»

American Airlines is paying debt investors yields of about 5.58% to borrow $10 billion, in a deal that hinges on cooped-up customers booking vacations as the threat of the pandemic recedes......»»

London stocks were headed for weekly gains, but the FTSE 250 was looking at a loss as travel-related names took a hit amid worries about yet another potential strain of the coronavirus that causes COVID-19......»»

Investors in Robinhood are stepping up......»»

United loses nearly $2 billion in its fourth straight quarter of losses amid pandemic-related travel restrictions and fears......»»

Cincinnati-based consumer goods giant Procter & Gamble saw a surge in sales amid the continuing coronavirus pandemic, which led to nearly $4 billion in profit in its most recent quarter. Consumer spending fueled by Covid-19 saw P&G (NYSE: PG) re.....»»

Delta Air Lines executives expect a few more rocky months before — they hope — widespread coronavirus vaccinations and t.....»»

Stocks began the final week of 2020 with more gains, nudging the major U.S. indexes to record highs. The broad rally came as investors welcomed the decision by President Donald Trump to sign a $900 billion coronavirus econ.....»»

In 2020, the rich got richer. That includes the wealthies.....»»

San Francisco banking giant Wells Fargo & Co. has sold off its $10 billion private student loan portfolio as it looks to shed costs amid a directive under CEO Charlie Scharf to cut billions of dollars in expenses and retrench the lender into its .....»»