Tag: Yahoo Finance

UPDATE 2-Norwegian Air to end routes from Sweden, Denmark to U.S, Thailand

Budget airline Norwegian Air is ending flights from Copenhagen and Stockholm to the United States and Thailand due to weak demand and technical problems affecting the engines on its Boeing 787 Dreamliners, it said on Wednesday. Flights between Oslo and the United States would continue, while routes between Norway and Thailand were under review, it said, the latest initiative to cut costs and restore profits after rapid expansion left the carrier weighed down by debt. "Scandinavia isn't big enough to maintain intercontinental flights from Oslo, Stockholm and Copenhagen," Senior Vice President Commercial Matthew Wood said in a statement....

UPDATE 1-Norwegian Air to end routes from Sweden, Denmark to U.S, Thailand

Budget airline Norwegian Air is ending flights from Copenhagen and Stockholm to the United States and Thailand due to weak demand and technical problems affecting the engines on its Boeing 787 Dreamliners, it said on Wednesday. Flights between Oslo and the U.S. will continue, it added. "Scandinavia isn't big enough to maintain intercontinental flights from Oslo, Stockholm and Copenhagen," Senior Vice President Commercial Matthew Wood said in a statement....

Further to run for global stocks, but trade salve needed: Reuters poll

The global stock market rally has further to run in 2020, according to analysts, brokers and strategists polled by Reuters, but much depends on U.S. and Chinese officials making real progress in stopping a disruptive trade war. A slim majority of respondents - 53 of 102 - said risks to their outlook were skewed more to the upside in the Nov. 11-26 poll. The turnaround in expectations coincides with a new buoyancy in most equity markets....