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EasyJet sees summer flights approaching pre-Covid levels

Bloomberg EasyJet Plc reiterated its plan to gear up operations to near pre-pandemic levels through the summer high season, as an easing of travel restrictions unleashes pent-up demand. Europe’s second-biggest discount carrier managed to narrow its estimated loss in a fiscal first half roiled by the rise of the omicron variant of Covid-19, and has now turned its focus to ...

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German freight billionaire doubles stake in Lufthansa

Bloomberg German billionaire Klaus-Michael Kuehne has doubled his stake in his country’s flagship airline Deutsche Lufthansa AG, cementing his position as the carrier’s second-largest shareholder behind the government. KA Logistik Beteiligungen GmbH, controlled by the the 84-year-old Kuehne, doubled its stake in Lufthansa to 10.01%, according to a filing. The investor plans to be a “long-term, stable and reliable partner” ...

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Amazon kicks off a jumbo 7-part bond sale including 40-year debt

Bloomberg Amazon.com Inc sold $12.75 billion of investment-grade bonds for general corporate purposes that may include repaying debt as well as funding acquisitions and share buybacks in its first note sale in about a year. The online retail giant issued senior unsecured bonds in seven parts. The longest portion of the offering, a 40-year security, yields 1.3 percentage points over ...

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