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The British low-cost airline easyJet reported the results of the first half of the year, which ended in March. According to published reports, its pre-tax loss rose to 272 million pounds from 68 million pounds in the same period a year earlier due to the high cost of jet fuel. At the same time, an increase in the number of passengers during the earnings period contributed to a growth in revenue by 7.3% to 2.34 billion pounds. In the specified period, the company transported 41 million 600 thousand passengers. Over the year, the figure increased by 13.3%. At the same time, rising fuel costs and a weakening demand for its services prompted easyJet to reconsider its plans to expand the business. According to new estimates, its fleet at the end of the year will consist of 353 aircraft instead of the previously estimated 359 aircraft.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
On Friday, Axios Media Inc. reported a document acquired by tech watchdog group Tech Transparency Project which indicates that multiple U.S. states were investigating Apple (AAPL) due to deceptive trade practices. According to the report, ...
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