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Russia bans some foreign flights to prevent aircraft seizure

  Bloomberg Russia will halt some international flights to keep billions of dollars’ worth of aircraft from being taken back by their foreign owners, deepening a rupture in the global aviation industry triggered by the invasion of Ukraine. The government’s move will give Aeroflot and other Russian carriers cover to hold on to hundreds of Airbus SE and Boeing Co ...

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Inditex shuts shops, halts its online sales in Russia

  Bloomberg Spanish fashion retailer Inditex SA is temporarily closing all its shops in Russia and halting online sales in response to the country’s invasion of Ukraine. The retailer “cannot guarantee the continuity of operations and trading conditions” in Russia, it said in a statement. Inditex has 502 stores in the country, of which 86 are its Zara brand. While ...

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US airlines trim guidance over jet fuel costs

  Bloomberg US airlines counting on rejuvenated demand for spring and summer travel as the coronavirus wanes now face a new setback as Russia’s attack on Ukraine pushes jet fuel prices to multiyear highs. Carriers could reveal reductions in planned flying as they update financial guidance at industry conferences in the coming weeks, Conor Cunningham, an MKM Partners analyst, said ...

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