Profit up, EBITDA down as Tenet Healthcare weathers COVID-19

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Profit up, EBITDA down as Tenet Healthcare weathers COVID-19

Tenet Healthcare Corp. managed to boost its profit in the first quarter of 2020 despite the COVID-19 pandemic cutting into volumes near the end of the quarter. Dallas-based Tenet drew $94 million in net income in the first quarter year over year, compared …
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Qantas Airways extends flight cancellations, raises A$550 million

(Reuters) – Qantas Airways (QAN.AX) on Tuesday said it would extend flight cancellations into June and July, and added that it secured further debt funding that should support the airline through to the end of 2021 if the coronavirus crisis prolongs. The airline …
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Tesla stock rise appears to qualify CEO Musk for $700 million payday

(Reuters) – Tesla Chief Executive Elon Musk appeared to qualify on Monday for a $700 million payday, just three days after he said the electric car company’s stock price was too high. FILE PHOTO: Tesla Inc CEO Elon Musk speaks at an opening ceremony for …
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Celebrate Cinco de Mayo with plenty of carryout options in Cleveland

CLEVELAND, Ohio (WJW) — Cinco de Mayo margaritas and tacos need to be ordered to go this year. But that certainly doesn’t mean all is lost. While fans of the Mexican holiday won’t be able to gather together in person this year, due to the coronavirus …
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Coronavirus crisis costs Alaska Air hundreds of millions of dollars a month

As the coronavirus pandemic cut passenger traffic by more than 90%, Alaska Air Group, the parent company of Alaska Airlines, on Tuesday reported a first-quarter loss of $232 million. Alaska CEO Brad Tilden said the airline industry faces “one of the greatest …
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