Bloomberg Delta Air Lines Inc warned it would take a pretax accounting charge of $2 billion to $2.5 billion after deciding to remove three aircraft types from its fleet amid an unprecedented collapse in air travel. The noncash impairment will be recorded in third-quarter results, which are due next month, Delta said in a regulatory filing. The company will retire ...

Bloomberg American Airlines Group Inc closed a $5.48 billion loan with the US Treasury, increasing its pool of cash to help fund operations until travel demand begins to return. The credit facility, backed by American’s loyalty program, increased from an original $4.75 billion target after rivals such as Delta Air Lines Inc and Southwest Airlines opted out of the funds ...

Bloomberg Poshmark Inc, an online resale marketplace for second-hand clothing, said it has filed confidentially for an initial public offering. The number of shares and the price range for the IPO haven’t been determined, Poshmark said in a statement. The Redwood City, California-based company had put off a potential IPO to focus on boosting sales and improving its execution, people ...