Lufthansa posts 2.1 billion euro loss after 'drastic decline' in air travel in the first quarter

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Lufthansa posts 2.1 billion euro loss after 'drastic decline' in air travel in the first quarter

The German airline reported a net loss of 2.1 billion euros ($2.35 billion) for the first three months of the year. This compared to a loss of 342 million euros over the same period the year before. Write-downs contributed to the loss, with Lufthansa recording an …
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Gold prices slip below Rs 47000 on profit-booking, rally in equity markets; silver rates rise

On MCX, gold August futures were trading down nearly Rs 203 at Rs 46,362 per 10 grams. While silver July futures gained Rs 130 at Rs 49,210 per kg. Share · Next. gold prices fall, gold rates today. Safe-haven demand may fade out as we are expecting …
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The Keys to Speed in Race for Vaccine, and Its Perils

A Bloomberg tracker on the vaccines and drugs under development.
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IndiGo to push ahead with A320neo delivery, focus on cost cut amid muted demand

NEW DELHI: InterGlobe Aviation Ltd, the operator of largest domestic airline IndiGo, will continue to aggressively take deliveries of cost-effective Airbus A320neo planes over the next two years. The airline plans to retire as many as 120 older Airbus A320ceo …
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UPDATE 1-SMBC Aviation Capital defers 68 Boeing 737 MAX jets to 2025-27

(Adds detail). DUBLIN, June 3 (Reuters) – Aircraft leasing firm SMBC Aviation Capital has deferred the delivery of 68 of Boeing’s grounded 737 MAX jet until 2025-2027, it said in its annual results on Tuesday. Dublin-based SMBC, which has 133 of the aircraft …
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