Despite Beijing’s “anti-involution” drive to boost industrial performance by cutting excess capacity, China’s chemical industry is likely to face strong headwinds this year from weakening domestic ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Ed Bastian, the CEO of Delta Air ...

TOKYO, Aug 26 (Reuters) -- Toyota Motor Corp will cut its global production capacity to match lower sales, a company source with direct knowledge of the matter said on Wednesday. The Nikkei business ...

OSLO, Oct 26 (Reuters) - Norwegian Air (NAS.OL), opens new tab shares rose on Wednesday after reporting an increase in third-quarter net profit boosted by recovery from the pandemic and a pilot strike ...

A majority of airlines worldwide have cut capacity by 100 percent as a result of the coronavirus shutting down travel and grounding most flights. Of the 153 carriers, 72 have announced capacity cuts ...

Delta and American Airlines have announced additional capacity cuts due to the impact of the coronavirus outbreak. Delta is reducing its overall system capacity by 15 points versus what it had planned ...

Air New Zealand said on Monday it would further cut capacity and look to lay off some permanent employees as the coronavirus outbreak hits global travel demand. March 16 (Reuters) - Air New Zealand ...

United Airlines executives warned employees on Sunday that the ripple effect that the new coronavirus has had on the airline industry will only get worse for the Chicago-based carrier. In a memo to ...

NEW YORK (Reuters) - Northwest Airlines Corp on Tuesday said it would reduce the number of seats for sale in the fourth quarter and cut its work force as it struggles with sky-high fuel costs.

New Jersey Gov. Phil Murphy is cutting all public transportation capacity by half and insisting all riders cover their faces while they’re on board. Murphy made the move Saturday after he announced ...

Cathay Pacific will cut seat capacity by 1.4% year-on-year in 2020 as Hong Kong’s political troubles and trade tensions hurt the airline in key markets. Cathay Pacific will cut seat capacity by 1.4% ...