Bloomberg Deutsche Lufthansa AG and labour union Verdi sealed an agreement on a wage deal for the company’s 20,000 ground crew after a one-day strike led to a wave of cancellations. The deal includes monthly pay hikes in three stages through the end of next year, Verdi said in an emailed statement. Check-in staff will get between 13.6% and 18.4% ...

  Bloomberg Canada’s largest airline struggled to cope with a rebound in passenger demand in the second quarter, amid labour shortages and wider airport disruptions that included baggage handling failures. Air Canada reported operating revenue of C$3.98 billion ($3.1 billion) during the three-month period, which fell short of the C$4.02 billion expected by Bloomberg’s consensus estimates. The Montreal-based company also ...

  Bloomberg Virgin Galactic Holdings Inc shares plunged after the space tourism company again delayed its commercial service, calling for a launch in the second quarter of 2023. The company had previously disappointed investors by pushing back the launch, once planned for the third, then fourth quarter of 2022. In May, Virgin Galactic delayed it to the first quarter of ...