Wednesday , 17 December 2025

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Exxon sticks to paying debts as peers revive share buybacks

Bloomberg Exxon Mobil Corp’s knockout second-quarter results did little to entice investors because much of the extra cash coming from soaring energy and petrochemical prices will be used to pay down debt rather than reward shareholders. The oil giant and rival Chevron Corp swung to their biggest profits since pre-pandemic days, fuelled in large part by stellar performances from their …

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Grounded pilots swamp recruiters in fight for jobs

Bloomberg When UK-based Goose Recruitment kicked off a recent campaign to find 30 Boeing Co 737 cargo pilots for a client in Europe, 400 resumes poured in within 48 hours. Most of the applicants used to fly commercial passenger jets. “Pre-Covid, most airline pilots would look down their noses at flying cargo,” Goose’s Chief Executive Officer Mark Charman said in …

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Qantas Air sells old seats to travellers awash with miles

Bloomberg Qantas Airways Ltd will auction off items including a pair of old A380 business-class seats in a points-for-prizes sale to use up air miles amassed by frustrated travelers during the pandemic. Daily auctions kicking off next week include 2-1/2 hours in a Boeing Co 787 simulator for at least 50,000 loyalty points, Qantas said. Bids for a private charter …

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