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Southwest Airlines Co (LUV.N) will cut 40% of its flights from May 3 to June 5, the carrier said on Monday. The U.S. airline will send 2,000 flights every day, a slash of 1,700 from its usual number, due to the decrease in travel demand amid the coronavirus outbreak.
Southwest Airlines recently said that it was cancelling 1,500 flights per day in this month. The carrier said that they were doing this to conserve 80% of travel locations it recently offered. However, non-stop flights will now require a connection like direct flights that stops at a midpoint airport. Southwest Airlines will also shorten its operational day, transferring departures that were already booked before 7 in the morning and after 8 in the evening.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
Oil prices fell on Thursday as the rising global coronavirus cases weighed on fuel demand recovery just as OPEC+ producers are set to increase supply. The Brent contract for October slid 0.05%, or 2 cents, at $44.07 per barrel, while the September ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
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