Bloomberg American Airlines Group Inc is offering additional programs to encourage more pilots to leave the carrier, stepping up efforts to avoid forced furloughs later this year as the coronavirus pandemic guts travel demand. The options include a plan to alternate months of flying and unpaid time, leaves of absence of as long as three years and a voluntary early-exit …

Bloomberg Hedge fund manager David Einhorn said he bought a stake in Atlas Air Worldwide Holdings Inc in the second quarter, betting that the cargo carrier will benefit from a shortage of airfreight capacity caused by the coronavirus pandemic. Passenger planes handled about half the world’s airborne cargo before the pandemic, with most of it on long international flights, the …

Bloomberg Britain’s troubled PizzaExpress chain announced a rescue plan that’s likely to close scores of restaurants, put hundreds of pizza chefs and waiters out of work and hand control of the business to creditors. As part of the proposals, the company will implement a legal process known as a company voluntary arrangement that may permanently close about 15% of UK …