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China must open for Asia travel rebound, jet lessor AerCap says

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  Bloomberg AerCap Holdings NV, the world’s largest aircraft leasing firm, is “very optimistic” people will travel in large numbers once borders open up and believes that will apply equally to Southeast Asia, which is currently lagging the rest of the world, according to Chief Executive Officer Gus Kelly. Travel in the US is already back to around 80% of ...

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Ahold Delhaize drops after warning of lower profit

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  Bloomberg Royal Ahold Delhaize NV’s stock dropped after the Stop & Shop owner said it expects lower earnings per share this fiscal year as inflation weighs on consumers and the industry grapples with continued supply chain disruption. The retailer said it expects underlying earnings per share to decline by low- to mid-single-digits this year. The shares dropped as much ...

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Cathay flies only 797 travellers a day as Covid squeeze persists

  Bloomberg Cathay Pacific Airways Ltd expects to continue operating at about 2% of pre-pandemic passenger capacity as long as Hong Kong, battling a rapidly worsening Covid-19 outbreak, keeps virus restrictions in place. Hong Kong’s main airline, which relies solely on international travel, carried 24,699 passengers in January, down 99.2% from the same month in 2019, prior to the pandemic. ...

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