Plane maker’s chief warns aerospace industry in ‘gravest crisis’ as group swings to quarterly loss amid aviation collapse

Parent company IAG warns it will take ‘several years’ to return to 2019 passenger levels

Váradi echoes Ryanair’s O’Leary in upbeat outlook as low-cost airline restarts flights from Luton on Friday

Airline’s operations at London’s second biggest airport face brunt of 12,000 job cuts

Post-Brexit Britain will need a viable industry to support global role

Europe’s largest low-cost airline expects return to 2019 passenger levels to take 2 years

UK airport reports slump in passenger demand as calls resurface for expansion to be axed

The four years since his promotion to CEO have been beset by crises

Incoming CEO tells investors and carrier’s 96,000 staff that he will not duck hard decisions

Lenders and lessors had little alternative but to accept the debt-for equity swap

Treasury secretary’s comments compound woes for airline sector hit by Buffett’s share sale

Grounded travellers are facing downgrades but some airlines are rewarding loyalty

Airline to axe up to 3,150 jobs and close London Gatwick operations as it scales back to save business

Virgin Atlantic could be followed by British Airways in abandoning UK’s second-biggest gateway

Willie Walsh points out that expansion plans face bigger challenges due to coronavirus impact

How Virgin Galactic might help the rest of the group escape the gravitational pull of coronavirus

Producers’ realised prices are lower than they appear, while traders are braced for more turmoil

Priority status as grid suppliers helps Orsted and Iberdrola weather drop in demand

Move in response to drop in prices and demand and honours unofficial pact with Opec

Fall could be the equivalent of India’s total annual consumption, IEA says

Oil price collapse triggered by coronavirus pandemic almost halves Anglo-Dutch group’s earnings

US oil producer pledges to reduce output by more than a third in June

Supermajors’ status as reliable income stocks questioned as earnings plunge

Crash into negative prices jolts producers into cutting back

Earnings of $3.6bn exceeded expectations ahead of collapse in global oil demand

Biggest US oil company takes $2.9bn charge to account for crude’s plunge

Companies analysis from our sister publication

Charging 2 per cent to hold assets when returns are low is wrong, writes Sebastian Mallaby

Shareholders’ incentives can make them more long-termist than company managers

In future it may have to be budget stimulus that rides to the rescue

China looks set to pour billions in national savings down a black hole

It is always easy for central banks to find reasons not to act

If stimulus is well targeted, Boris Johnson’s government may achieve something of elegance

Benin crossing has been shut for three months, halting trade on vital frontier

Cyril Ramaphosa will be loath to take on the people who helped him to the ANC presidency

State-owned flag carrier struggling to pay salaries and secure funds to stay aloft

Canadian group makes all-stock proposal public after talks fail to get off ground

First state company to enter business rescue since end of apartheid

Business contestants battle for $1m prize money in glitzy televised extravaganza

Eskom will remove 6,000 megawatts of demand to avert total collapse of national grid

State utility Eskom removed power to stave off grid collapse

Tie-up aims to allow people with mobile wallets to pay for international online services

Telecoms group seeks to turn mobile payments unit into provider of wider services

Legislation cuts taxes for some enterprises while increasing VAT

McKinsey, BCG and PwC named in records showing allegations of looting by Angolan billionaire

State-backed carrier starts cancelling flights as vital government funding is delayed

Suspected suicide comes as Angolan billionaire indicted for money laundering

Prospective deal comes as Riyadh-listed STC seeks to expand regionally

Pretoria has waived rules that prevented mining groups generating electricity for their own use

Endiama chief wants ‘radical change’ in overhaul of country’s scandal-hit gem industry