Bloomberg Cathay Pacific Airways Ltd. reported a net loss of HK$21.65 billion ($2.8 billion) for 2020, a period the carrier described as “the most challenging 12 months of its more than 70-year history” as the coronavirus pandemic brought unprecedented disruption to global air travel. The outlook isn’t much better, according to Chairman Patrick Healy, who said “it is by no …

Bloomberg Adidas AG is targeting sales growth of as much as 10% annually through 2025 as it doubles down on e-commerce and sustainable materials. The German sportswear maker forecast a surge in online sales and the steady build-out of shoes and apparel made from recycled materials to help push up profit by as much as 18% a year. The company …

Bloomberg US airlines carried an average of more than 1 million passengers a day in the past week, the highest non-holiday total since the Covid-19 pandemic began gutting travel demand in the countryalmost a year ago. The total of 1.28 million was the third highest since travel collapsed in mid-March 2020, according to data reported by the Transportation Security Administration …