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Covid-19: E-commerce boom offers a lifeline for oil

Bloomberg Look across the street from your home-office window: chances are you will see a delivery van. Trucks from Amazon.com Inc and other e-commerce companies have become ubiquitous during the pandemic. In much of the industrialised world, an ever-growing number of vans, trucks, trains and ships are hauling everything from desks to smart phones as consumers turn to online shopping ...

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One in four EU airports may face insolvency

Bloomberg Many European airports will struggle to stave off insolvency without state help unless travel recovers from its pandemic slump by the end of the year, according to the continent’s main industry group. Airports Council International Europe predicts that 193 out of 740 airports in the region will soon struggle to pay their bills while government-imposed quarantine requirements remain in ...

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ANA’s new budget carrier already faces skepticism

Bloomberg ANA Holdings’s plan to launch a new low-cost carrier has doubters, given the coronavirus pandemic’s impact on airlines worldwide and an industry trend towards retrenching. The company said it will launch a new budget brand around fiscal year 2022, targeting medium-distance flights to Southeast Asia and Oceania. That coincided with the carrier unveiling a restructuring plan involving cost reductions ...

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