Recent Posts

Malaysia Air reviews $2.75b 737 Max order

Bloomberg Malaysia Airlines Bhd is reviewing whether to go ahead with a $2.75 billion order to buy 25 of Boeing Co’s 737 Max jets in the wake of two fatal crashes that’s led to the global grounding of the plane, a person familiar with the matter said. Though the state-run airline hasn’t made any decision, it wants Boeing’s reassurances about ...

Read More »

Wizz Air falls on muted outlook over fare war

Bloomberg Wizz Air Holdings dropped after saying its outlook is clouded by stiff competition for passengers and a threat from air-traffic control strikes. Profit will still rise this year, to as much as $390 million, as the Hungarian discount carrier seeks to grab market share from rivals battling higher fuel costs. Investors had hoped for more, according to Morgan Stanley, ...

Read More »

Michael Kors owner slides after cutting full-year sales forecast

Bloomberg Capri Holdings Ltd, the company behind Michael Kors and other luxury brands, tumbled the most in almost seven months after trimming its sales projection for the current year amid foreign currency weakness and lower revenue from wholesale. Capri sees revenue of $6 billion for the current fiscal year, the company said in its quarterly earnings report. That’s down from ...

Read More »
Send this to a friend