Bloomberg Almost every Boeing Co 787 Dreamliner may have a newly disclosed manufacturing flaw in its horizontal stabiliser, said a person familiar with the matter. While Boeing says the issue doesn’t pose an immediate hazard, engineers are studying whether the fault could prematurely age the jets’ carbon-fiber structure. Improper gaps in the stabiliser, the small wing in the aircraft tail, …

Bloomberg Lululemon Athletica Inc reported a surge in its e-commerce business as quarantined consumers flocked to comfy apparel like yoga pants. Chief Executive Officer Calvin McDonald said he is “cautiously optimistic” about the second half of the year. In an echo of retailers including Gap Inc and Nike Inc, Lululemon’s comparable online sales excluding currency impacts rose 157% in the …

Bloomberg Ryanair Chief Executive Officer Michael O’Leary lashed out at governments over their handling of the coronavirus pandemic, saying an ineffective response to the crisis had added to the difficulties of struggling airlines. Leaders in the UK and Ireland are focussed on the wrong data with the daily coronavirus case rate and should put more effort towards test-and-trace programs to …

Bloomberg China’s biggest airshow, which takes place every two years in the southern city of Zhuhai, has been canceled due to the coronavirus, according to a statement Wednesday. The China International Aviation & Aerospace Exhibition was due to take place from November 10-15 and feature industry giants including Boeing Co and Airbus SE. The biennial show first took place in …

Bloomberg US airline passenger traffic reached new heights over the Labor Day holiday, flirting with a daily total of nearly 1 million fliers for the first time since the Covid-19 pandemic erupted. On September 4, 968,673 people passed through security screening portals at US airports, the Transportation Security Administration said. That was 44.1% of the equivalent day last year, the …

Bloomberg Airbus SE delivered 39 jets last month while avoiding order cancellations as it battles to keep revenue flowing in a market battered by the coronavirus crisis. August handovers comprised 35 A320-series narrow-body planes and four twin-aisle jets, the Toulouse, France-based company said. The overall tally is down 10 planes from July. Boeing Co said it delivered 13 planes in …

Bloomberg Thailand’s outgoing central bank governor said public debt restrictions should be eased to allow the government to spend more as monetary policy options dwindle with interest rates already at an all-time low. Given the severity of the pandemic-driven downturn, Governor Veerathai Santiprabhob said his “personal view is that the 60% public debt-to-GDP limit can be relaxed.” The limit was …

Bloomberg Spain’s Banco de Sabadell SA is exploring strategic options as consolidation talks take hold in Europe’s fragmented banking markets. The lender, based in Alicante, has been working with Goldman Sachs Group Inc. in recent months on options including a sale or merger, asset disposals or buying a smaller competitor. The bank is looking at deals that would allow it …

Bloomberg Credit Suisse Group AG won a bid to stall the release of a report into how it failed to prevent fraud and money laundering by one of its former star bankers, Patrice Lescaudron. A Geneva appeals court issued a suspension order late last month to temporarily keep the two-year-old report by Switzerland’s financial regulator under wraps, the cantonal prosecutor’s …

Bloomberg JPMorgan Chase & Co. says it’s probing the role of some employees who may have enabled misuse of Covid-relief funds in what it calls potentially illegal activities. The New York-based bank said it has seen “instances of customers misusing Paycheck Protection Program Loans, unemployment benefits and other government programs” and that some “employees have fallen short, too,” according to …