Bloomberg As Covid-19 cases began exploding last month, Quinton Martins thought he was doing the prudent thing by canceling a flight to Mexico for a planned vacation with his wife and daughter. But the Northern California man didn’t realise that by doing so he gave up the right to a refund from Alaska Air — even though taking the trip ...

Bloomberg British Airways (BA) has become the first major European carrier to lose its investment grade status amid the Covid-19 pandemic after Fitch cut its credit rating one notch. The flagship British company is unlikely to recover its end-2019 capacity level until 2023, according to Fitch’s baseline forecast. The ratings agency also put the company on negative outlook, reflecting the ...

Bloomberg The fortunes of the Walton family — the pioneers of American bargain shopping — have reached new heights during a pandemic that has otherwise obliterated trillions of dollars of value across global markets. The combined net worth of siblings Alice, Jim and Rob Walton has climbed 2.6% this year to $165.7 billion as recession-wary shoppers flock to Walmart Inc ...