China Eastern Airlines to raise up to $2.2 billion through share sale
China Eastern Airlines Corp plans to raise up to 15 billion yuan ($2.23 billion) in a share sale to expand its fleet and to replenish working capital, the company said…
Aeroflot says it will not publish first quarter financial results
Russian flag carrier Aeroflot has announced that it will not publish financial results for the first quarter of 2022, citing shareholders’ inability to “make investment decisions”. “Disclosure of material information…
British Airways-owner IAG scales back summer ramp-up to avoid disruptions
British Airways-owner IAG cut back plans to ramp up short-haul flights to avoid disruption at Heathrow airport this summer, sending its shares skidding 8% on Friday after admitting it doesn’t…
Lufthansa sees return to profit this quarter as air travel rebounds
Germany’s Lufthansa is looking to return to an operating profit this quarter as demand for travel rises with the easing of COVID-19 curbs and the airline raises ticket prices to…