Bloomberg Hong Kong Airlines Ltd has asked pilots to take several months leave on sharply reduced pay as Covid-19 lockdowns in China snarl supply chains, weakening demand for air freight — the carrier’s key source of income during the pandemic. The financially troubled carrier is calling for volunteers to take leave starting in June through until the end of ...

  Bloomberg Business travel is returning for Singapore Airlines Ltd, with forward bookings accounting for a similar proportion of ticket sales as before the Covid pandemic now that border restrictions have been lifted. “Since April of this year, when Singapore fully opened its borders, we have seen a strong rebound in corporate travel,” the carrier’s executive vice president of commercial ...

  Bloomberg Losses for Walmart Inc and Target Corp are mounting as investors fled the stocks after the US retail giants cut their growth outlook for 2022 — an industry wide warning that inflation is denting consumer expenditures across the country. Walmart fell 6.6% after posting its biggest one-day decline since 1987 the prior day when it cut its full-year ...