Recent Posts

Airbus slows production ramp-up over Covid-19

Bloomberg Airbus SE slowed the pace of a planned ramp-up in jetliner production, after a global surge in coronavirus cases dealt a fresh blow to demand. Output of the A320-series narrow-body, Airbus’s best-selling model, will now rise gradually to 45 per month through the fourth quarter, the European planemaker said in a statement. It had previously targeted a faster jump, ...

Read More »

Walmart expands its vaccination effort in US

Bloomberg Walmart Inc plans to offer Covid-19 vaccines in at least seven additional states in the coming days, significantly expanding the availability of shots as the US grapples with a slower-than-expected rollout. The world’s largest retailer, which had already been providing inoculations to eligible people in New Mexico and Arkansas, will broaden the effort to select stores in Georgia, Indiana, ...

Read More »

KLM to slash 1,000 more jobs

Bloomberg Air France-KLM’s Dutch arm is cutting as many as 1,000 jobs on top of 5,000 shed last year in a sign the resurgence of Covid-19 cases in Europe is pushing airlines to take more drastic measures to survive the pandemic. The workforce needs to be reduced because a recovery in air travel is taking longer than initially expected, KLM ...

Read More »
Send this to a friend