BLOOMBERG Deutsche Lufthansa AG said first-quarter earnings at its air cargo division fell as global freight rates declined, denting a continued recovery in demand for summer tourism travel. Adjusted earnings before interest and taxes at the cargo division fell to €151 million ($166 million) in the period, down from €495 million for the same period a year earlier, the airline ...

BLOOMBERG Go Airlines India Ltd’s slide into bankruptcy has left travellers frustrated and confused, with many worried about how expensive re-booking tickets may be against the spiralling cost of air fares. The airline, majority owned by billionaire Nusli Wadia’s Wadia Group, is the latest to go under in one of the world’s fastest-growing aviation markets. It blames its fate on ...

BLOOMBERG European stocks dropped as investors turned their focus towards a rates decision by the European Central Bank (ECB) after a quarter-point hike by the Federal Reserve. US regional lenders slumped on renewed worries about financial stability. Most industry groups were in the red in Europe, with energy a bright spot after Shell Plc posted strong quarterly profit and maintained ...