Bloomberg Delta Air Lines Inc and American Airlines Group Inc walked away from their 2020 forecasts and said they will slash operations because of the coronavirus outbreak, joining carriers across the globe grappling with one of the worst crises in modern air travel. Delta plans to cut domestic capacity as much as 15% and international flights by 25%, the Atlanta-based …

Bloomberg Salvatore Ferragamo SpA is delaying or cancelling capital investments not considered “fundamental” as the coronavirus outbreak hammers demand, though the company sees green shoots of recovery in China, the biggest market for luxury goods. “Visibility on the impact of Covid-19 is still very low for both turnover and earnings,” Chief Executive Officer Micaela Le Divelec Lemmi said on a …

Bloomberg Airbus SE’s target for record jetliner deliveries this year may be at risk as virus-shocked customers postpone taking new planes, according to people familiar with the matter. Some Chinese airlines have deferred deliveries through April, the people said, asking not to be named discussing private information, while Malaysia’s AirAsia X has already said it will pare handovers. Qantas Airways …