Tag Archives: 2/2

Crisis-hit airlines face crippling cash squeeze, IATA says

Crisis-hit airlines face crippling cash squeeze, IATA says

2/2 © Reuters. Delta Air Lines passenger planes parked in Birmingham 2/2

PARIS/LONDON (Reuters) – Global airlines warned on Tuesday that many carriers may not survive a record cash squeeze in the second quarter, as revenues and traffic plunge because of the coronavirus crisis.

Fresh quarterly estimates suggest airlines face a $61 billion cash burn and a $39 billion net loss during the current quarter, the head of the International Air Transport Association, told a media conference call.

“These are numbers beyond anything we have ever had in our industry,” IATA Director General Alexandre De Juniac added.

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Source : Reuters Link

Manufacturing turns local in Gulf as coronavirus disrupts supply chains

Manufacturing turns local in Gulf as coronavirus disrupts supply chains 2/2 © Reuters. Employees pack hand sanitizers at Dhaman Medical Company, following the outbreak of the coronavirus disease (COVID-19), in Hidd 2/2 DUBAI (Reuters) – Three weeks ago Fahmi al-Shawwa’s … read more

Dutch flower industry continues to wither amid coronavirus

Dutch flower industry continues to wither amid coronavirus 2/2 © Reuters. Tulip fields are seen in Lisse 2/2 NAALDWIJK, Netherlands (Reuters) – Despite picture-perfect spring weather outside, the Dutch flower industry has continued to wilt amid the coronavirus crisis after … read more

UK PM Johnson’s adviser Cummings isolating with coronavirus symptoms

UK PM Johnson’s adviser Cummings isolating with coronavirus symptoms 2/2 © Reuters. Dominic Cummings, special advisor for Britain’s Prime Minister Boris Johnson, leaves his home, as the spread of the coronavirus disease (COVID-19) continues, in London 2/2 By Elizabeth Piper … read more

Australia curbs gatherings, locks down travelers, in new coronavirus measures

Australia curbs gatherings, locks down travelers, in new coronavirus measures 2/2 © Reuters. New South Wales Premier Berejiklian speaks during a state memorial honouring victims of the Australian bushfires in Sydney 2/2 By Jonathan Barrett and Byron Kaye SYDNEY (Reuters) … read more

Doctor working with Amazon tribe tests positive for coronavirus

Doctor working with Amazon tribe tests positive for coronavirus 2/2 © Reuters. FILE PHOTO: Guerreiro sits with relatives at a Tikuna community before attending the opening ceremony of the “Peladao Verde” championship in Manaus 2/2 BRASILIA (Reuters) – A doctor … read more

Russia confirms coronavirus case in Putin’s administration, tightens curbs

Russia confirms coronavirus case in Putin’s administration, tightens curbs 2/2 © Reuters. People queue before undergoing medical tests for coronavirus disease at a laboratory in Moscow 2/2 By Tom Balmforth and Alexander Marrow MOSCOW (Reuters) – The Kremlin confirmed a … read more

Spain’s coronavirus death toll rises by 769 overnight to 4,858

Spain’s coronavirus death toll rises by 769 overnight to 4,858 2/2 © Reuters. Police officers ask questions to citizens as they monitor compliance mandatory quarantine as the outbreak of coronavirus disease (COVID-19) continues, in Barcelona 2/2 MADRID (Reuters) – Spain’s … read more

Singapore Airlines obtains $13 billion rescue package amid coronavirus shock

Singapore Airlines obtains $13 billion rescue package amid coronavirus shock 2/2 © Reuters. FILE PHOTO: Airbus A380-800 aircraft of Singapore Airlines takes off from Zurich airport 2/2 By Anshuman Daga SINGAPORE (Reuters) – State investor Temasek Holdings and others put … read more