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American Airlines posts $1.25B loss, delays new jets
American Airlines said Thursday that it lost $1.25 billion in the first quarter and continued to slash costs, including delaying delivery of new jets as it waits for air travel to recover from the pandemic......»»
Earnings Results: Zoom earnings roared to nearly $1 billion in 2020, and the stock is rising again
Zoom Video Communications Inc.'s rip-roaring ride resumed its meteoric trajectory Monday, with shares jumping as the company detailed the results of becoming a lifeline for those stuck at home due to the COVID-19 pandemic: Booming profit and revenue......»»
Earnings Results: United Airlines posts nearly $2 billion in quarterly losses
United loses nearly $2 billion in its fourth straight quarter of losses amid pandemic-related travel restrictions and fears......»»
Disney fast-tracking ‘Hamilton’ film for Disney+
Walt Disney Co. has raised $11 billion in new debt to ease financial pressures amid the shutdowns of its theme parks and film and TV productions due to the coronavirus pandemic. The media giant said in a regulatory filing Tuesday the six-part debt r.....»»
Travel firm TUI to make big cost cuts to ride out pandemic hit
European travel company TUI on Wednesday said it needs to reduce its fixed cost base by 30% and cut thousands of jobs as it looks to stay aloft in a market weakened by the coronavirus pandemic......»»
PayPal Raises $4B In Debt Offering As Business Surges During Pandemic
PayPal Holdings Inc. (NASDAQ: PYPL) on Monday announced that it raised $4 billion in a corporate bond offering. read more.....»»
Market Extra: PayPal raises $4 billion in debt deal as business soars during pandemic
Digital payment provider PayPal raised billions in the bond market Monday, underscoring how companies that make staying at home easier are benefiting during the lockdown......»»
Uber loses nearly $3 billion in three months, but stock rebounds after hours
Uber Technologies Inc. announced a quarterly loss of nearly $3 billion Thursday afternoon, including a write-down of more than $2 billion related to its investments in Asian partners, as the ride-hailing industry suffers from the COVID-19 pandemic......»»
Mazda Motor seeks $2.8 billion in loans to ride out pandemic: source
Mazda Motor Corp has sought loans totalling about 300 billion yen ($2.8 billion) from Japan's three megabanks and other lenders to ride out the coronavirus epidemic, a source with direct knowledge of the matter said on Saturday......»»
Uber loses nearly $3 billion in three months, stock heads south in late trading
Uber Technologies Inc. announced a quarterly loss of nearly $3 billion Thursday afternoon, including a write-down of more than $2 billion related to its investments in Asian partners, as the ride-hailing industry suffers from the COVID-19 pandemic......»»
JetBlue posts quarterly loss, scales back Airbus orders
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and cut its order book with Airbus SE by about 34% through 2022 to save $1.1 billion in aircraft spending......»»
JetBlue reports loss, revises Airbus orders to save $1 billion through 2022
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and revised its order book with Airbus SE to save $1.1 billion in aircraft spending through 2022......»»
‘Giving Tuesday Now’ asks Americans to lend a hand during the coronavirus pandemic — even if they can’t afford to donate
The online campaign usually happens on the Tuesday after Thanksgiving and raised more than $2 billion in 2019......»»
Boeing raises $25 bln in blowout debt sale
Boeing raised $25 billion in a bond offering on Thursday, a blowout result for the planemaker, which it said helped the company avoid taking government aid during the coronavirus-induced travel downturn. Ryan Brooks reports......»»
Boeing Raises $25B In Debt Offering, Says No Longer Needs Federal Aid
The Boeing Company (NYSE: BA) on Thursday said it no longer requires federal aid to weather through the novel coronavirus (COVID-19) pandemic. What Happened The troubled aircraft maker has instead raised $25 billion in a bond offering. read more.....»»
Boeing raises $25 billion in blowout debt sale, eschews government aid
Boeing Co raised $25 billion in a bond offering on Thursday, a blowout result for the planemaker, which it said helped the company avoid taking government aid during the coronavirus-induced travel downturn......»»
Boeing raises $25 billion in blowout debt sale
Boeing Co raised $25 billion in a bond offering on Thursday, a blowout result for the planemaker, which is shoring up its finances during the coronavirus-induced travel downturn......»»
United Airlines posts quarterly loss, shores up $9.6 billion in liquidity
United Airlines Holdings Inc on Thursday posted a first-quarter loss of $1.7 billion, including charges against investments in Latin America that have soured as the coronavirus pandemic jolts travel industries worldwide......»»
American Airlines posts $2.2 billion loss on pandemic, first since bankruptcy exit
American Airlines on Thursday posted a $2.2 billion net loss, its first quarterly loss since emerging from bankruptcy in 2013, and warned of a roughly $70 million per day cash burn in the second quarter as the coronavirus pandemic halts travel......»»
Airlines get selective boost from coronavirus bailouts
Progress towards coronavirus bailouts buoyed the shares of Lufthansa and Air France-KLM on Monday, as the protracted travel slump turned up the heat on rivals yet to secure financing needed to tide them through the pandemic......»»