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Nordstrom plans to close downtown San Francisco stores

BLOOMBERG Nordstrom Inc plans to give up its store in downtown San Francisco, becoming the latest retailer to depart the area as the city struggles with emptied office buildings and crime concerns. “The dynamics of the downtown San Francisco market have changed dramatically over the past several years, impacting customer foot traffic to our stores and our ability to operate ...

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Air France wants state support to compete with Chinese carriers

BLOOMBERG Air France is pressing the French government to limit Chinese airlines’ access to the country, saying they enjoy an unfair advantage because they can fly over Russian airspace closed to many other carriers. The French arm of Air France-KLM wants President Emmanual Macron to introduce taxes or other measures that would create a similar cost base between Air France ...

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Lufthansa Q1 earnings drop after easing supply chain lowers cargo profit

BLOOMBERG Deutsche Lufthansa AG said first-quarter earnings at its air cargo division fell as global freight rates declined, denting a continued recovery in demand for summer tourism travel. Adjusted earnings before interest and taxes at the cargo division fell to €151 million ($166 million) in the period, down from €495 million for the same period a year earlier, the airline ...

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