Air Archives - Zxcoachoutlet

Cebu Air to Raise $500 Million, Reduce Fleet and Network

October 8, 2020

(Bloomberg) — Philippine budget carrier Cebu Air Inc. plans to raise $500 million by selling preferred stock and bonds, joining airlines worldwide in trying to increase capital to help cope with the pandemic.

© Bloomberg
A Cebu Air Inc. aircraft prepares to land at Ninoy Aquino International Airport (NAIA) in Manila, the Philippines, on Thursday, Feb. 13, 2020. In response to the coronavirus outbreak, the Philippine government has banned travel to Hong Kong, along with Macau and mainland China. Earlier this month, the Philippines’ Labor Department announced that it would offer financial assistance and temporary housing to workers who’d gotten stranded in the capital en route to their jobs overseas.

The proceeds from the $250 million convertible preference share issue and $250 million private placement of convertible bonds will be used to strengthen the carrier’s balance sheet, it said in a statement. First-half revenue at the airline controlled by the

This $120 Digital Air Fryer is just $50, proving that money is just imaginary

October 7, 2020

| No Comments

| money

Simultaneously a searing indictment of the supposed invisible hand of the market and capable of searing your tuna steaks, this digital air fryer – which normally runs $119.99 at Best Buy – has been reduced to a paltry $49.99. Naturally, an abrupt shift in price this large should cause you to question to the objective value of all currency, and whether capitalism is just a lie we tell ourselves to justify our avarice and materialism. Let’s discuss it over seared tuna steaks.

Air fryers are great for crisping your food quickly and without oil, creating flavors of salty crispness that humans evolved to crave over millions of years of surviving on diets where such flavors signaled then-scarce ingredients like salt and fat.

Our instinctive urge to amass wealth came from similar feelings of scarcity, and though these instincts propelled us to discover fire, invent early forms of government, and eventually

Zacks Industry Outlook Highlights: Astec Industries, Sealed Air Corp, Berry Global and Fortune Brands Home & Security

October 1, 2020

| No Comments

| business

For Immediate Release

Chicago, IL – October 1, 2020 – Today, Zacks Equity Research discusses Industrial Products, including Astec Industries, Inc. ASTE, Sealed Air Corporation SEE, Berry Global Group, Inc. BERY and Fortune Brands Home & Security, Inc. FBHS.

Link: https://www.zacks.com/stock/news/1069217/4-promising-industrial-stocks-to-play-the-sectors-rebound

The COVID-19 pandemic adversely impacted the Industrial Products sector in the earlier part of the year. Factory closures worldwide owing to restrictions imposed by several governments, pandemic-induced supply chain disruptions, low demand for goods and volatility in the energy market crippled the sector.

The sector logged a decline of 18.3% in earnings in the first quarter of 2020 followed by a plunge of 35.3% in the second quarter, highlighting the slowdown in industrial production amid coronavirus crisis-hit demand. The sector is anticipated to witness a decline of 26% and a 17.6% in the third quarter and the fourth quarter, respectively, per our latest Earnings Trends report.

Sector Slowly Getting

Air New Zealand has drawn down $72 million of government loan

September 29, 2020

| No Comments

| business

FILE PHOTO: An Air New Zealand Boeing Dreamliner 787-9 takes off from Auckland Airport in New Zealand, September 20, 2017. REUTERS/Nigel Marple

SYDNEY (Reuters) – Air New Zealand Ltd AIR.NZ said on Tuesday it had drawn down NZ$110 million ($72.20 million) of a NZ$900 million government loan facility to date as it shored up liquidity to help weather the coronavirus pandemic.

The airline reiterated that it expected to report a second consecutive annual loss in the financial year ending June 30, 2021, and that it was not able to provide earnings guidance.

“With the outlook for future passenger demand clearly uncertain, and highly dependent on the removal of travel restrictions both here in New Zealand and globally, we know that Air New Zealand will continue to be a smaller business for some time to come,” Chairman Therese Walsh said at the airline’s annual meeting, webcast from Auckland. Yes chairman not

United Air and Pilots Reach Accord to Cancel Furloughs

September 28, 2020

| No Comments

| business

United Airlines (UAL) – Get Report and its pilots reached an agreement that canceled 2,850 furloughs that had been scheduled for this week, the pilots’ union said Monday.

Shares of the Chicago airline at last check were up 5.5% to $36.07.

The Air Line Pilots Association said it voted to approve the Pandemic Recovery Letter of Agreement with United Airlines management. The accord prevents any United pilot from being furloughed at least until June.

The agreement keeps all 13,000 United pilots employed.

The deal also offers a second round of early-separation options for all pilots age 50+ with 10 years of experience. And it reduces or terminates the effect of temporary work reductions based on a recovery in passenger demand or other market factors, the union said.

The agreement was ratified by about 58% of the pilots who voted on it.

“Our members understood that in order to

Air France Leads Tax Pushback in Climate Vs Recovery Fight | Investing News

September 28, 2020

| No Comments

| business

By Laurence Frost and Kate Abnett

PARIS/BRUSSELS (Reuters) – Air France-KLM is battling new green taxes on top of the coronavirus crisis – in a test of growing policy tensions between righting Europe’s crippled airlines and delivering on climate goals.

The Franco-Dutch group, sustained by 10.4 billion euros ($12.2 billion) in state-backed loans, faces higher duties in both home markets as well as EU plans to hike airlines’ carbon costs.

The struggle unfolding around Air France-KLM is part of a larger reckoning for carbon-intensive industries as efforts to tackle global warming spawn more taxes and regulation.

While campaigners say those are long overdue, crisis-hit airlines warn their timing and severity will cost thousands more jobs and hurt development of lower-carbon technologies.

New taxes “do not support emissions reductions”, said Air France-KLM Chief Executive Ben Smith in response to proposed increases to French passenger duties.

“In fact it’s counterproductive and would

FreshAir Personal Air Purifier

May 4, 2020

| No Comments

| personal

The Newest Technology

With contagious diseases running rampant worldwide, people are concerned about going outside among crowds. But I am not concerned, because I am wearing my FreshAir Personal air purifier.

Compact & Efficient

Whether you’re traveling on an airplane or standing in line at the grocery store, or at a restaurant. you’ll almost always find yourself assaulted by dust, smoke, odors, or perfume. And also the things you don’t think about like viruses, bacteria, and pollen.

Today’s modern indoor environments are rife with contaminants. The FreshAir Personal provides nature’s own powerful properties with a built-in ionizer that attracts free-roaming particles and captures them, reducing allergens and pollutants that invade the space you breathe.

The device creates an almost particle-free zone around the wearer by generating high intensity ion streams that add charges to nearby airborne particles. These charged particles repel each other and adhere to surfaces out of your … Read More