Financial performance

A woman sits with his soon in a boulevard in Barcelona, Spain, Thursday, April 30, 2020, as the lockdown to combat the spread of coronavirus continues. (AP Photo/Emilio Morenatti)
April 30, 2020 - 1:47 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. ________________________ EARNINGS RESULTS: The busiest week of the earnings season...
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FILE - In this March 31, 2020 file photo, American Airlines planes stored at Pittsburgh International Airport sit idle on a closed taxiway in Imperial, Pa. American Airlines reported a staggering loss of $2.24 billion for the first quarter, when the coronavirus pandemic triggered a sharp drop in air travel. The airline's revenue fell 19% while costs continued to rise even as the virus spread. (AP Photo/Gene J. Puskar, File)
April 30, 2020 - 8:40 am
DALLAS (AP) — American Airlines reported a staggering loss of $2.24 billion for the first quarter, when the coronavirus pandemic triggered a sharp drop in air travel. The airline's revenue fell 19% while costs continued to rise even as the virus spread. The situation facing the airline industry has...
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April 30, 2020 - 6:01 am
Most McDonald’s restaurants in the U.S. and China are now open for drive-thru and delivery, but global lockdown orders still took a bite out of the company’s first quarter sales. McDonald’s said Thursday its sales fell 6% to $4.71 billion in the January-March period. Declines have persisted in...
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FILE - This Wednesday, March 18, 2020, file photo, shows a Tesla charging station for automobiles in Port Huron, Mich. Tesla's sales of its increasingly popular electric cars got off to a fast start in the year, even though the company had to slam the brakes along with other major automakers in March 2020 because of worldwide efforts to contain the worst pandemic in a century. (AP Photo/Paul Sancya, File)
April 29, 2020 - 8:46 pm
DETROIT (AP) — Tesla reported that it eked out a first-quarter net profit Wednesday and its CEO went on a rant about the legality of government stay-home orders issued to prevent the coronavirus from spreading. The electric car and solar panel company said it made $16 million from January through...
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FILE - This March 29, 2018, file photo shows the Facebook logo on screens at the Nasdaq MarketSite in New York's Times Square. Facebook on Tuesday, April 28, 2020, reported its slowest quarterly growth as a public company, pressured by a global slowdown in the digital advertising market due to the coronavirus pandemic. (AP Photo/Richard Drew, File)
April 29, 2020 - 4:36 pm
OAKLAND, Calif. (AP) — Facebook on Tuesday reported its slowest quarterly growth as a public company, pressured by the coronavirus pandemic and a resulting global slowdown in digital advertising. The social network, like Google on Tuesday, said it’s feeling the squeeze but expects to weather it...
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FILE - This April 12, 2016 file photo shows the Microsoft logo in Issy-les-Moulineaux, outside Paris, France. Ongoing demand for Microsoft's cloud computing services help softened the blow of the coronavirus pandemic on the software giant's other products during the first three months of the year. The company on Wednesday, April 29, 2020 reported fiscal third-quarter profit of $10.75 billion, up 22% from the same period last year. Net income of $1.40 per share beat Wall Street expectations of $1.27 a share. (AP Photo/Michel Euler, File)
April 29, 2020 - 4:30 pm
Ongoing demand for Microsoft's cloud computing services help softened the blow of the coronavirus pandemic on the software giant's other products during the first three months of the year. The company on Wednesday reported fiscal third-quarter profit of $10.75 billion, up 22% from the same period...
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A worker disinfects the roof terrace of the Atlantic hotel, in Rome, Wednesday, April 29, 2020. After seven weeks in lockdown to contain one of the world’s worst outbreaks of COVID-19, Italians are regaining some freedoms, starting on May 4, public parks and gardens will re-open and people will be able to visit relatives who live in the same region. (AP Photo/Andrew Medichini)
April 29, 2020 - 11:15 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the global economy, the work place and the spread of the virus. ________________________ CENTRAL GOVERNMENTS & BANKS: Countries are slowly trying to...
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FILE - In this April 20, 2020 file photo, Lufthansa airline, Boeing 747 aircrafts are parked at the airport in Frankfurt, Germany. Boeing says it will cut about 10% of its work force and slow production of planes as it deals with the ongoing grounding of its best-selling plane and the coronavirus pandemic. With air travel falling sharply because of the virus, airlines have delayed orders and deliveries of new planes, reducing Boeing’s revenue. (AP Photo/Michael Probst, File)
April 29, 2020 - 7:44 am
Boeing is cutting about 10% of its work force and slowing production of planes to deal with a downturn in business that started with the grounding of its best-selling jet and has accelerated because of the coronavirus pandemic. Boeing Co. said Wednesday it has started to shrink through attrition,...
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FILE - In this June 18 2015 file photo, vapor forms across the wings of an Airbus A380 as it performs a demonstration flight at the Paris Air Show, Le Bourget airport, north of Paris. The France-based planemaker Airbus releases quarterly earnings early Wednesday April 29, 2020, at a time of unprecedented upheaval in the aviation industry caused by the spreading the coronavirus and travel lockdowns. (AP Photo/Francois Mori, File)
April 29, 2020 - 4:57 am
PARIS (AP) — Airbus says the aviation industry's unprecedented troubles are just beginning. The European manufacturing giant reported 481 million euros ($515 million) in losses in the first quarter, put thousands of workers on furlough and sought billions in loans to survive the coronavirus crisis...
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FILE - In this Wednesday, Aug. 1, 2018, file photo a logo of the car manufacturer Volkswagen is pictured on top of a company building in Wolfsburg, Germany. (AP Photo/Michael Sohn, file)
April 29, 2020 - 4:06 am
FRANKFURT, Germany (AP) — Automaker Volkswagen saw car sales and operating profit plunge in the first quarter as the coronavirus outbreak closed dealerships and halted production. But the company said it had strong cash reserves and aimed to make a profit for the full year. Global sales fell 23% to...
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