Pilots at Lufthansa are ready to sacrifice up to 45per cent of their salaries for more than two years to help cut costs, their union Cockpit said on Thursday, as the airline struggles with the impact of the coronavirus pandemic.
REUTERS: Wall Street brokerages gave a resounding thumbs-up to Tesla Inc's first-quarter numbers on Thursday, lauding the electric carmaker's improved gross margins and sending its shares 8per cent higher in trading before the opening bell. Slipping into profanity on a call with analysts after ...
Breakfast cereal maker Kellogg Co on Thursday reported a 23per cent rise in quarterly profit as consumers in North America and Europe stocked up on its packaged foods amid coronavirus-driven lockdowns.
A group of leading German travel start-ups appealed to U.S. tech giant Google on Thursday to offer them easier terms on paying for advertising to help them ride out the coronavirus pandemic that has devastated their business.
Comcast Corp on Thursday reported its best quarter of broadband net additions in 12 years, but revenue fell shy of Wall Street's estimate as the coronavirus pandemic hurt advertising.
American Airlines on Thursday posted its first quarterly loss since emerging from bankruptcy in 2013, and said it expects second-quarter cash burn rate to be about US$70 million per day, as the COVID-19 pandemic brought travel to a near standstill.
McDonald's Corp reported a 16.7per cent slide in quarterly profit on Thursday as most of its restaurants across the globe limited their services to deliveries and take-aways to halt the spread of the coronavirus pandemic.
U.S. oil and gas company ConocoPhillips reported a 58per cent plunge in adjusted quarterly profit on Thursday, weighed down by lower output and an unprecedented plunge in crude prices.
U.S. oil and gas company ConocoPhillips reported a 58per cent plunge in adjusted quarterly profit on Thursday, weighed down by lower output and an unprecedented plunge in crude prices.
Lufthansa and unions representing much of its staff told the German government that their joint top priorities were to maintain the airline's competitiveness after the coronavirus crisis and preserve as many jobs as possible.
