Bloomberg Ryanair Holdings Plc will cut 3,000 jobs and said it will challenge some 30 billion euros ($33 billion) in state aid being doled out to keep its European competitors afloat during the coronavirus pandemic. The Irish discount carrier added to a mounting employment toll that includes 12,000 cuts at British Airways and 5,000 at SAS AB. The reductions represent ...

Bloomberg Virgin Australia Holdings Ltd attracted at least 20 potential buyers as administrators race to sell the airline within two months. Administrators at Deloitte want binding offers in June and are targeting a deal by the end of that month, according to a statement after the first meeting of creditors. Indicative bids are due mid-May. Virgin Australia collapsed owing A$6.84 ...

Bloomberg J Sainsbury Plc, Britain’s second-largest grocer, said the Covid-19 pandemic will disrupt business until September, and then the economic fallout will set in. Costs will rise by 500 million pounds ($623 million) this year because of safety measures and lower fuel sales. That will be offset by 450 million pounds of property tax relief from the UK government, leading ...