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Southwest ramps up layoff warning with notices on jobs

Bloomberg Southwest Airlines dramatically expanded its furlough warnings, telling employees that 6,828 jobs are at risk as the company and its labour unions have failed so far to agree on how to cut $500 million in costs. Pilots, flight attendants, baggage handlers and other workers got notices that they may be furloughed, Southwest said. The new warnings boost the number ...

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Lufthansa adds flights to meet rising demand

Bloomberg Deutsche Lufthansa AG will expand its Christmas flight schedule after a surge in bookings from German tourists, a rare piece of good news for the carrier as it battles to recover from the coronavirus crisis. Lufthansa will add flights to southern European destinations including in Greece, Italy and Spain to meet the rising demand, the company said in a ...

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TUI rescue swells to $5.8bn with third government deal

Bloomberg TUI AG, the world’s biggest tour operator, will see its rescue funding topped up to 4.8 billion euros ($5.8 billion) after securing a third tranche of aid from the German government and cash from private investors. The latest package of 1.8 billion euros will include 1.3 billion euros from the state — amassed from federal fund WSF, state-run lender ...

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