Bloomberg Air Canada shares dropped after the company said that it will make “meaningful” reductions to its summer flight schedule in order to quickly bring passenger volumes down to a manageable level. Canada’s largest air carrier fell 6%, recovering slightly from an 8.8% tumble in intraday trading — its biggest drop since early March — as investors balked at …

  Bloomberg Gucci’s former London headquarters is being offered for sale for £55 million ($66.6 million) after being transformed into the most expensive house currently on the market in the capital’s Mayfair district. The house, also available to lease for £40,000 a week, includes eight bedrooms, a garden terrace, a swimming pool, conservatory and sun room. Demand for London’s best …

  Bloomberg Delta Air Lines’s chief executive officer apologised to customers for an “unacceptable” level of cancelled and delayed flights, an unusual step that reflects mounting frustration among waylaid summer travelers. Delta is adding extra boarding time for flights, building in more of a buffer in crew schedules to mitigate disruptions and using white collar salaried workers to help speed …