Vladimir Putin is sabotaging Europe’s energy supply, and the economic outlook looks grim. Isn’t that enough to get governments into emergency mode? And yet, the European finance ministers who bothered to show up in Brussels spouted their usual, calm one-liners: Europe is working on contingencies, an economic recession can still be avoided and it is impossible to predict whether ...

  Bloomberg Delta Air Lines Inc fell short of profit expectations in the second quarter and said high operating costs will persist through the rest of the year, weighing on a possible rebound as carriers try to capitalise on continued strong travel demand. So-called unit costs will climb as Delta extends constraints on its flying capacity for the remainder of ...

Bloomberg Scandinavian carrier SAS AB has warned that emergency funding related to a bankruptcy process in the US is at risk from a pilots strike that entered its 11th day on Thursday. The airline, which filed for chapter 11 bankruptcy protection, remains in talks with potential lenders to obtain debtor-in-possession financing for as much as $700 million as part of ...