The Biden administration’s new sanctions on Russia matter more for what they say than for their economic impact. They say that this president, unlike his predecessor, has no illusions about the challenge Russia poses — nor about the kind of strategy that will be required to confront it. The new measures call out Russian interference in the 2016 and 2020 ...

Bloomberg Delta Air Lines Inc stuck to its upbeat financial forecasts despite posting a bigger-than-expected loss in the first three months of the year and jarring Wall Street with its outlook for cost pressures tied to the travel rebound. The carrier still expects to stop burning cash this quarter and to return to profitability in the third “if recovery trends ...

Bloomberg Avianca Holdings SA plans to raise $1.8 billion to repay debt and provide new financing as the Colombian airline eyes an exit from the bankruptcy reorganisation it was forced into last year during the pandemic-driven travel collapse. The air carrier retained Seabury Securities LLC to help raise the exit financing, likely a combination of debt and equity, the company ...