American Airlines Slumps; Lobby Group Sees Global Carriers Losing $100 Billion in Revenue From Coronavirus

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American Airlines Slumps; Lobby Group Sees Global Carriers Losing $100 Billion in Revenue From Coronavirus

American Airline Group (AAL) – Get Report shares slumped lower Thursday, pulling rivals deeper into the red, after an airline lobby group said global carriers could lose more than $100 billion in revenues this year amid the coronavirus outbreak.
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Lufthansa cancels more than 7000 flights over coronavirus concerns

(CNN Business) Lufthansa is grounding planes and canceling flights as the coronavirus outbreak spreads in Europe. The German airline said Thursday it has canceled 7,100 European flights for March, mostly within Germany or on routes to Italy, accounting …
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Economy Faces a Coronavirus Challenge as Markets Swoon

WASHINGTON — As an uptick in the number of coronavirus infections outside China sent markets swooning on Monday, attention quickly turned to how the Federal Reserve and the United States government would assess — and potentially address — the …
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CTA Will Test 'All-Door' Bus Boarding This Summer

Two doors are better than one. That’s the theory behind a pilot program that the Chicago Transit Authority plans to institute on two routes this summer. Currently, passengers can only board and pay at the front of the bus, causing long waits and leading to the …
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SoftBank Leads $165 Million Deal in Karius to Detect Infectious Diseases

SoftBank Group Corp.’s Vision Fund has led a $165 million investment in Karius Inc., a startup that uses blood testing incorporating genomics and artificial intelligence to identify infectious diseases. SoftBank is investing through its second Vision Fund, which …
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