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Ryanair threatens to punish Irish pilots if they walk out

Bloomberg Ryanair Holdings Plc has threatened to freeze benefits for pilots in Dublin and move aircraft to other Irish airports if staff go on strike. The discount carrier will scrap promotions, halt transfer requests and cut back recently-granted spending allowances of up to $18,900 per pilot, Chief People Officer Eddie Wilson wrote in a letter to staff. The company may ...

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HNA’s airline unit scraps bond sale

Bloomberg Chinese conglomerate HNA Group Co.’s flagship carrier cancelled a planned bond sale after weeks of soaring interest rates that had forced the debt-laden group’s units to pay some of their highest borrowing costs ever. Hainan Airlines Holding Co. had planned to sell $151.2 million of the perpetual securities in China’s local market to repay maturing debt, according to a ...

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Christmas becomes inventory war game for US fashion brands

Bloomberg Michael Kors Holdings Ltd., Ralph Lauren Corp. and other fashion brands are locked in a high-stakes contest this Christmas. But the winner won’t be the company that sells the most—it’ll be the one that winds up with the least amount of unwanted merchandise. After years of struggling to manage their inventory, brands are using increasingly sophisticated tools to track ...

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