Record number of US companies seek relief on loan terms

Record number of US companies seek relief on loan terms

A record number of US companies sought loan amendments in May after rising debts and falling earnings left them at risk of breaching the terms of their borrowing. Last month, 43 US issuers of leveraged loans asked their lenders for relief on the conditions attached to their debts. That surpassed the previous high of 25 […]

JetBlue to consolidate number of airports it serves

JetBlue to consolidate number of airports it serves

The Department of Transportation rules allow airlines serving multiple airports in the same geographical area to consolidate service at a single airport. That allows them to cut back on duplicative ground operations (such as customer service agents and ground crews)...