Bloomberg Delta Air Lines Inc is suspending its dividend and share repurchase programme as US carriers seek a $58 billion government bailout. The airline also entered into a $2.6 billion secured credit facility, enhancing liquidity amid a daily cash burn of $50 million as travel demand collapses because of the coronavirus pandemic. The company is also drawing $3 billion under ...

Bloomberg Kenya Airways Plc will cut salaries of executives and staff starting next month to combat a slump in revenue amid the coronavirus pandemic. Chief Executive Officer Allan Kilavuka will take an 80% pay cut, to be reviewed on a monthly basis, while senior management including board members will have their salaries reduced by 75%, according to an internal memo ...

Bloomberg Target Corp is boosting hourly wages, expanding its paid-leave policy and delivering bonuses to thousands of store employees, the latest move by a major retailer to reward rank-and-file staff for coping with the coronavirus. The cheap-chic retailer said it’s raising hourly pay by $2 until at least May 2, and offering paid sick leave of up to 30 days ...