Southwest Airlines Chief Executive Gary Kelly said on Thursday that the airline was not running dramatic fare sales in response to a drop-off in demand due to the spreading coronavirus.
Wall Street's losses deepened and the Dow Jones Industrials shed 1,000 points in afternoon trading on Thursday as the coronavirus death toll in the United States rose to 11 and travel related stocks took a severe beating.
European planemaker Airbus failed to win any new aircraft orders in February, it said on Thursday, providing further evidence of disruption across aviation industries from the global coronavirus outbreak.
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Walmart Inc's Flipkart faces a further anti-trust probe in India after an appellate tribunal asked the competition watchdog to investigate whether the company had abused its dominant position in e-commerce.
Portugal's flag carrier TAP canceled around 1,000 flights scheduled in March and April on Thursday after concerns about the coronavirus epidemic led to a fall in demand and said it envisaged an unspecified impact on revenues.
Alphabet Inc's Google on Thursday joined Amazon.com Inc, Facebook Inc and Microsoft Corp in recommending employees in the Seattle area to work from home, after many were infected with the coronavirus in the region.
Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil Corp said on Thursday it would stick to its plans to "lean in" to spending even as its shares have lagged those of competitors, which are cutting costs.
Kazakhstan's Energy Minister Nurlan Nogayev said on Thursday that OPEC and non-OPEC oil exporters have not yet reached consensus on the parameters of an extension on their oil output deal, the TASS news agency reported.
Amazon.com Inc and Facebook Inc on Thursday joined Microsoft Corp in recommending employees in the Seattle area to work from home after several people in the region were infected with the coronavirus.
German fashion house Hugo Boss warned on Thursday that the coronavirus will have a significant impact on its first-quarter results, with sales falling particularly in Asia, but also in other key markets.
European shares fell again on Thursday, taking their cue from U.S. equity futures, which implied a lower open for Wall Street as cases of the coronavirus surged in the U.S.
Two years into an ambitious growth plan to revive earnings at the largest U.S. oil company, Exxon Mobil said on Thursday it would stick to its plans to "lean in" to spending even as its shares have lagged its competitors, which are cutting costs.
The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, an industry body warned on Thursday, more than three times a projection it made just two weeks ago as the virus continues to spread around the world.
China's top gas importer PetroChina has declared force majeure on natural gas imports, including on liquefied natural gas (LNG) shipments and on gas imported via pipelines, following the coronavirus outbreak, four industry sources told Reuters.