Business

Ryanair doubles annual loss forecast on Omicron

Low-cost airline Ryanair said Wednesday that the Omicron coronavirus variant would have a strong impact on its financial performance as it more than doubled the forecast for its annual loss and cut back flights.

Business

PayPal earnings soar on e-commerce boom

PayPal on Wednesday reported record quarterly profit as the online financial transactions service benefited from an e-commerce trend boosted by the pandemic.

Business

Airlines face another bleak year as outlook worsens

Airlines face another bleak year with steeper losses than previously forecast, as some regions struggle to speed up COVID-19 vaccination campaigns and control virus variants, an industry group said Wednesday.

Business

Amid the pandemic, Big Tech reports mixed earnings

Big Tech companies reported mixed quarterly earnings on Thursday, a day after their top executives faced a tough congressional grilling over their market power and alleged monopolistic practices.

Business

AirAsia's future in doubt due to virus; share price tumbles

The future of top regional budget carrier AirAsia is in "significant doubt" after the collapse in travel demand caused by coronavirus, its auditor warned, sending the airline's share price tumbling nearly 18 percent on Wednesday.

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