Business
German airline giant Lufthansa said Thursday that demand for air travel will return to pre-crisis levels only in 2024 or even later as it announced forced layoffs on the back of a significant loss.
Aug 6, 2020
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Business
Belgium's biggest airline, Lufthansa subsidiary Brussels Airlines, said Thursday it had lost 182 million euros in the first six months of 2020 because of the coronavirus crisis.
Aug 6, 2020
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Business
German luxury carmaker BMW said Wednesday that it swung into its first loss since 2009 as the coronavirus pandemic ravaged car sales but said it still hopes turn an operating profit for the year.
Aug 5, 2020
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Business
Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavirus crisis causing a substantial drop in revenue.
Jul 31, 2020
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Business
Airline giant IAG, the owner of British Airways and Spanish carrier Iberia, on Friday logged a 3.8-billion-euro ($4.5 billion) first-half net loss—and launched a capital-raising to help it navigate the demand-destroying ...
Jul 31, 2020
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Business
Air France-KLM on Thursday announced a second-quarter loss of 2.6 billion euros ($3.1 billion), thanks to grounded flights during the virus pandemic, adding that the twin airlines must "significantly reduce" the workforce.
Jul 30, 2020
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Business
Airbus announced Thursday net losses of 1.9 billion euros ($2.2 bn) in the first six months after aircraft delivery halved as a result of the coronavirus crisis.
Jul 30, 2020
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Business
German carmaker Volkswagen on Thursday reported a pre-tax loss of 1.4 billion euros ($1.6 billion) for the first half of 2020 after the coronavirus pandemic sent sales plummeting.
Jul 30, 2020
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Business
The unprecedented scandal at German payments processor Wirecard could lead to the group being sold off piecemeal, after its insolvency administrator said investors are eyeing profitable business units.
Jul 1, 2020
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Business
The Dutch government on Friday approved a 3.4-billion-euro ($3.8-billion) bailout to prop up KLM through the coronavirus pandemic.
Jun 26, 2020
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