Bloomberg Scandinavian Airlines operator SAS AB reached a deal with pilot unions to end a seven-day strike that left hundreds of thousands of customers in the lurch and may have wiped out profit for the Nordic carrier this year. SAS and the Danish, Norwegian and Swedish pilots agreed on a new three-year wage and labour deal after two days of ...

Bloomberg The top lender of ailing Jet Airways India said the burden of reversing the grounded carrier’s negative net worth before it can fly again is the biggest challenge for any potential investor. “Liabilities and losses are considerable,” Rajnish Kumar, chairman of State Bank of India, said. “All these past liabilities and then, profitably, can they fly in future? These ...

Bloomberg Under Armour delivered first-quarter earnings that topped analysts’ estimates, another indication that its three-year transformation is getting the athletic brand back on track. Earnings amounted to 5 cents a share, Under Armour said, compared with estimates of break-even. Sales were $1.2 billion, just a slight gain from a year earlier, but above the projected $1.18 billion. Shares jumped in ...