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IAG expects passenger business to lag until 2023

International Consolidated Airlines Group (IAG), the parent of British Airways, (OTCMKTS: ICAGY) announced a profit loss of 535 million euros ($576 million) for the first quarter of 2020, compared to a profit of 135 million euros ($145 million) for the same period last year.

The company also said that Luis Gallego, who heads Spanish subsidiary Iberia, will succeed CEO Willie Walsh on September 24. Walsh postponed his planned retirement in March to help the company through the coronavirus crisis.

G...

https://www.freightwaves.com/news/iag-expects-passenger-business-to-lag-until-2023

Corps closing spillway as Mississippi River water level falls

The Army Corps of Engineer’s Mississippi Valley Division (MVN) opened the Bonnet Carré Spillway on April 2. The MVN opened a total of 90 bays and has now closed 60 of them.

Designed to pass flood water from the Mississippi River into Lake Pontchartrain above New Orleans to prevent flooding below the floodway, the Bonnet Carre´ Spillway is a flood control structure on the Mississippi that extends from Mile 128.8 Above Head of Passes to Mile 127.3 Above Head of Passes.

The forecast flow with a...

https://www.workboat.com/news/coastal-inland-waterways/corps-closing-spillway-as-mississippi-river-water-level-falls/