Bloomberg Global airline passenger demand won’t recover to pre-coronavirus pandemic levels until the end of 2023, and only then if effective vaccines and medicines are available, according to Moody’s Investors Service. The recovery for airlines and airports will be largely aligned, followed by aircraft lessors as carriers return fleets to service, Moody’s analysts including Jonathan Root wrote in a report. ...

Bloomberg Colombia is scaling back a planned $2.5 billion expansion of one of Latin America’s busiest airports after the Covid-19 pandemic caused a collapse in air travel. Bogota’s El Dorado airport, the country’s biggest, was set for an upgrade to more than double capacity to about 80 million passengers a year by 2050, from the roughly 35 million it saw ...

Bloomberg ASOS Plc, Marks & Spencer Group Plc and Walmart Inc’s Asda are among retailers calling for greater protection of garment factory workers in Britain in the wake of labour abuse reports at a site supplying Boohoo Group Plc. More than 90 retailers, lawmakers and investors signed an open letter to Home Secretary Priti Patel urging immediate action. The joint ...