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Southwest Air sticks by CEO, business model after crisis

Bloomberg Southwest Airlines Co says it’s sparing nothing in an operations review after a Christmastime meltdown stranded tens of thousands of passengers. But that’s not likely to include junking its network or losing its top executive. Chief Executive Officer Bob Jordan is pledging that no aspect will escape scrutiny, including the airline’s unique point-to-point route network that can limit the ...

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Boeing shares jump most in 40 years

Bloomberg Boeing Co shares posted their largest quarterly gain in 40 years after executives laid out a plan to turnaround the company after four years of turmoil that have cemented Airbus SE’s lead as the world’s biggest planemaker. Boeing’s shares soared 57% during the final three months of the year, adding $42 billion to its market value, according to data ...

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Australia to start Covid testing for travellers from China

  Bloomberg Australia said travellers departing China, Hong Kong and Macau will require a negative Covid-19 test before boarding flights to the country. The temporary measure, which will start from January 5, has been put in place because of a “lack of comprehensive information” about the situation in China, Health Minister Mark Butler said. “The decision to implement these temporary ...

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