Financial performance

FILE - In this April 1, 2020, file photo, several dozen mothballed Delta Air Lines jets are parked at Kansas City International Airport in Kansas City, Mo. Investors are now getting their first look at companies navigating the coronavirus pandemic. A clearer snapshot of the business landscape should start to formulate by keeping an eye on the busiest week of the earnings season as many companies are reporting earnings on Tuesday, April 28. (AP Photo/Charlie Riedel, File)
April 28, 2020 - 7:49 pm
The most active week of the earnings season is on and the rush of quarterly reports Tuesday, 39 in all, captured the maneuvering of companies from almost every sector as they feel their way through an unprecedented economic shockwave. Companies are being affected in different ways but if there's a...
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This July 17, 2019 file photo shows Southwest Airlines planes at Phoenix Sky Harbor International Airport in Phoenix. Southwest Airlines posted its first quarterly loss in nearly a decade and said Tuesday, April 28, 2020 that the downturn in air travel that began in late February shows no signs of letting up. (AP Photo/Ross D. Franklin)
April 28, 2020 - 5:11 pm
DALLAS (AP) — Southwest Airlines posted its first quarterly loss in nearly a decade and said Tuesday that the downturn in air travel that began in late February shows no signs of letting up. The airline said trip cancellations have pulled back from a peak in March but remain at levels that...
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April 27, 2020 - 1:44 am
BANGKOK (AP) — Contract driller Diamond Offshore has filed for bankruptcy with debts of $2.6 billion, as the energy industry is hammered by crashing oil prices. Court documents seen Monday show Houston-based Diamond Offshore Drilling Inc. filed the petition in Houston on Sunday, citing the downturn...
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FILE - In this April 2, 2020 file photo, "For Sale By Owner" and "Closed Due to Virus" signs are displayed in the window of a store in Grosse Pointe Woods, Mich. Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are seeing signs that more owners are contemplating the possibility of bankruptcy. Government aid my simply be too little too late. (AP Photo/Paul Sancya, File)
April 26, 2020 - 12:24 pm
NEW YORK (AP) — The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court. Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are...
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Volkswagen cars stand at a parking area during the production restart of the plant of the German manufacturer Volkswagen AG (VW) in Zwickau, Germany, Thursday, April 23, 2020. Volkswagen starts with step-by-step resumption of production. The car company are completely converting the plant in Zwickau from 100 percent combustion engine to 100 percent electric. (AP Photo/Jens Meyer)
April 23, 2020 - 3:39 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the global economy, the work place and the spread of the virus. ________________________ ALTERED STATE OF RETAIL: Retail stores are largely closed across...
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Virgin Australia planes are lined up at departure gates at Sydney Airport in Sydney, Wednesday, April 22, 2020. Virgin Australia is seeking bankruptcy protection, entering voluntary administration after a debt crisis worsened by the coronavirus shutdown pushed it into insolvency. (AP Photo/Rick Rycroft)
April 23, 2020 - 12:09 am
CANBERRA. Australia (AP) — Virgin Australia has become the world’s largest airline to seek bankruptcy protection in the weeks since the coronavirus shutdown created a debt crisis. A look at Australia’s second-largest airline’s predicament and what it means for other airlines: WHY IT SOUGHT...
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FILE - In this Monday, June 24, 2019, file photo, a CSX freight train rolls past downtown Pittsburgh. CSX Corp. said Wednesday, April 22, 2020, its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outbreak. (AP Photo/Gene J. Puskar, File)
April 22, 2020 - 6:52 pm
OMAHA, Neb. (AP) — CSX Corp. said Wednesday that its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outbreak. The Jacksonville, Florida- based company said it earned $770 million, or $1 per...
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FILE - In this Nov. 18, 2019, file photo, Pacific Gas & Electric CEO Bill Johnson speaks during an oversight hearing of the Energy, Utilities and Communications committee at the Capitol in Sacramento, Calif. Johnson will step down from the job just 14 months after the nation's largest utility hired him to rescue it from a crippling financial mess caused by a long history of negligence and chance a corporate culture that had emphasized profits over safety. The announcement Wednesday, April 22, 2020, that the 66-year-old Johnson will retire June 30 comes as PG&E tries to push through its plan to end a stint in bankruptcy that was triggered by a series of deadly wildfires ignited by its decaying electrical grid. (AP Photo/Rich Pedroncelli, File)
April 22, 2020 - 4:23 pm
BERKELEY, Calif. (AP) — PG&E Corp. CEO Bill Johnson will step down from his job just 14 months after the nation's largest utility hired him to rescue it from a financial mess caused by a history of negligence and to change a corporate culture that emphasized profits over safety. Johnson's June...
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Passenger jets from Delta Airlines lined up for storage at Pinal Airpark in Pinal County, north of Tucson, Ariz., on March 16, 2020. (Rebecca Sasnett/Arizona Daily Star)
April 22, 2020 - 8:42 am
Delta Air Lines, the biggest and most profitable U.S. airline, lost $534 million in the first quarter, a setback that will appear trivial when the full force of the pandemic is revealed in the current quarter. Delta warned Wednesday that revenue during the April-through-June quarter, typically a...
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In this Tuesday, March 24, 2020, photo released by China's Xinhua News Agency, a worker wearing a face mask drives a forklift at a Swire Coca-Cola Beverages Hubei Limited plant in Wuhan in central China's Hubei Province. According to Chinese state media, the plant restarted some production lines on Monday. While many migrant workers across China remain trapped by travel bans due to the coronavirus, some industrial production has returned to action, including in the crucial auto manufacturing industry, which is largely based in Wuhan, and in businesses that provide critical links in global supply chains. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (Xiao Yijiu/Xinhua via AP)
April 21, 2020 - 9:56 am
Coca-Cola's global volume tumbled 25% in April as the coronavirus pandemic gripped large swaths of the world population. Those volumes made up of bottled drinks and the syrups Coke sells to theaters, restaurants, stadiums and music venues were humming early in the year, revealing how fast the virus...
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