Business
The founder and chief executive of scandal-hit Wirecard resigned on Friday after the German payments provider was hit with fresh fraud allegations that have left it struggling for survival.
Jun 19, 2020
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Business
Shares in Cathay Pacific ended lower Wednesday, having soared nearly 19 percent at the open, a day after the airline announced a multibillion-dollar government-led bailout plan.
Jun 10, 2020
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Business
France on Tuesday denounced as "blackmail" an ultimatum from low-cost carrier Ryanair for its French employees to choose between a five-year pay cut or a number of redundancies in an escalating labour dispute.
Jun 2, 2020
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Business
Coronavirus-hit Lufthansa inched closer to securing a nine-billion-euro bailout from the German government after the airline's supervisory board approved the rescue plan on Monday.
Jun 1, 2020
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Business
Coronavirus-stricken airline group Lufthansa wavered Wednesday on grabbing a nine-billion-euro ($9.9 billion) German state lifeline, throwing up new turbulence for a rescue that could decide the fate of the historic company.
May 27, 2020
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Business
Berlin will climb aboard airline giant Lufthansa as its largest shareholder in a nine-billion-euro ($9.8 billion) rescue if investors and competition authorities agree, as the coronavirus-stricken carrier faces an arduous ...
May 25, 2020
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Business
Lufthansa on Thursday confirmed it was in talks with the German government over a nine-billion-euro ($10 billion) rescue that will see Berlin take a massive stake in the coronavirus-stricken airline.
May 21, 2020
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Business
German ministers on Wednesday agreed final details of a rescue deal they will offer coronavirus-stricken airline giant Lufthansa, business daily Handelsblatt reported.
May 20, 2020
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Business
Hungarian budget airline Wizz Air said on Tuesday it is cutting 1,000 jobs and cutting salaries for the remaining staff as it struggles to cope with Europe's coronavirus lockdown.
Apr 14, 2020
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Business
German airline group Lufthansa on Tuesday said it was shutting down its low-cost Germanwings unit and getting rid of dozens of planes to survive the impact of the coronavirus on its business.
Apr 7, 2020
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