Singapore Airlines Posting Losses On Fuel Hedges in Q4
Aerospace News

Singapore Airlines Posting Losses On Fuel Hedges in Q4

Singapore Airlines stated Friday that it could report a significant operating loss in the quarter ended March 31, partly due to a slump in fuel prices that led to major hedging losses and that it could postpone aircraft deliveries. The airline stated […]

Air France-KLM Nears Bilout with Advanced Guarantees
Aerospace News

Air France-KLM Nears Bailout with Advanced Guarantees

Air France-KLM is moving towards a 10 billion euro ($10.9 billion) government-backed rescue deal, sources stated, after France agreed to greater guarantees on loans designed to tide the airline group via the coronavirus crisis. Paris is able to vouch for […]

Australia’s Treasury Wine Wrights Penfold’s Demerger
Business News

Australia’s Treasury Wine Wrights Penfold’s Demerger

Australia’s Treasury Wine Estates stated it could spin off the prestigious Penfolds label and shrink its low-end “business” division in the U.S. because it seeks ways to grow profit amid upheaval brought by the coronavirus crisis. The world’s biggest stand-alone […]