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JetBlue Airways Corp on Thursday posted a $268 million quarterly loss due to the impact of the coronavirus pandemic on air travel and said it had revised its order book with Airbus SE to reduce its aircraft capital expenditures by $1.1 billion through 2022.

The owner of British Airways, Iberia, Vueling and Aer Lingus must cut costs across the board to weather the coronavirus crisis as air travel won't return to normal until at least 2023, its chief executive Willie Walsh said on Thursday.

Japan's Nintendo Co Ltd said on Thursday its fourth-quarter profit soared 200% due to surging demand for its Switch games console, and that title Animal Crossing: New Horizons shifted a record 13.4 million units in its first six weeks.

Samsung Group heir Jay Y. Lee's vow to end dynastic succession at South Korea's biggest conglomerate following three generations of Lee family control sparked skepticism on Thursday.

PayPal Holdings Inc said it expects a strong recovery in payments volumes in the second quarter as social distancing drives more people to shop online, even as lockdowns start to ease, sending its shares up 8% in extended trading.

British clothing retailer Next said on Thursday it plans to open its first standalone beauty shops by taking space in five former Debenhams stores, seeking to diversify its offer into faster growing markets.

Liberty Global and Telefonica have agreed to merge their British businesses in a $38 billion deal, including debt, that will create a powerhouse in mobile and broadband to take on market leader BT .

Global sales of luxury goods are expected to slump by 50% to 60% in the second quarter even as some countries begin to ease coronavirus lockdowns and despite signs of recovery in the Chinese market, consultancy Bain said on Thursday.

British clothing retailer Next said on Thursday it will expand its beauty business by taking on five former Debenhams beauty departments and rebranding them as "The Beauty Hall from NEXT".

The chief executive of British Airways-owner IAG Willie Walsh said on Thursday that his personal was that the airline group should continue to have a presence at London's Gatwick Airport.

Qatar Airways is in talks with banks for loans worth billions of dollars, three sources familiar with the matter said, as the state-owned airline readies to begin rebuilding its network that has been crushed by the coronavirus pandemic.

Italy's government will inject fresh capital worth at least 3 billion euros ($3.24 billion) in the ailing carrier Alitalia, which is being nationalised following financial problems, Industry Minister Stefano Patuanelli said on Thursday.

Swedish fashion retailer H&M said on Thursday its sales tumbled 57% from a year ago in local currencies during the March 1 to May 6 period as the novel coronavirus pandemic and restrictions to curb it kept most of its stores closed.

GlaxoSmithKline said on Thursday it sold its stake in Unilever's Indian business for $3.35 billion, which Refinitiv says is the largest block trade ever to have been carried out in India.

The German government will prevent Lufthansa , the country's flagship carrier, from being sold out, Economy Minister Peter Altmaier told Bild newspaper on Thursday.

World food prices fell for a third consecutive month in April, hit by the economic and logistical impact of the coronavirus pandemic, the United Nations food agency said on Thursday.

French media conglomerate Vivendi has increased its stake in Lagardere to 13.36% from 10.6%, an AMF regulatory filing published on Thursday showed.

Norwegian Air has secured vital funding from shareholders as it battles to survive the novel coronavirus pandemic that drove down April passenger volumes by 98.7%, the budget carrier said on Thursday.

Climate activists from the Extinction Rebellion group sprayed "fake oil" onto the Barclays headquarters in London's Canary Wharf on Thursday, calling on the bank to divest from fossil fuels.

British fashion retailer Superdry said its revenue plunged 37% in its latest quarter, reflecting the closure of its stores across the world because of the novel coronavirus.