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United Airlines posts another loss

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Airlines makes a smaller loss than last year but hopes for better times ahead.

United Airlines reported another quarterly loss , but said it sees a “clear path to profitability” now that coronavirus vaccines are becoming more widespread.

The big US carrier, which has suffered from the broad travel industry downturn during Covid-19, said it is positioned for the industry recovery after cutting costs and gradually improving its cash burn position during the pandemic.

“We’re encouraged by the strong evidence of pent-up demand for air travel and our continued ability to nimbly match it,” said United Chief Executive Scott Kirby.

For the quarter ending March 31, United reported a loss of $US1.4 billion, compared with a loss of $US1.7 billion in the year-ago period.

United projected another unprofitable period in the second quarter, when system capacity is expected to be down 45 percent compared with the equivalent stretch in 2019.

Delta said last week it saw “a path to returning to profitability in the September quarter.” Earlier Monday, United said it was adding three new flights from the United States to European markets that are beginning to reopen to vaccinated visitors.

On April 1, United said it will immediately start hiring pilots, beginning with a group of 300, to be ready to meet growing demand for air travel.

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Elon Musk’s secretly welcomed twins last year

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Elon Musk secretly welcomed twins just weeks before his second child with Grimes was born last year

The world’s wealthiest man, Elon Musk is believe to have fathered 10 children after a top executive from one of his companies gave birth to twins last year.

The mother of the children is Shivon Zilis, a senior member of Musks’ artificial intelligence company, Neuralink.

Zilis is considered a rising star in the world of AI, after being listed on Forbes’ 30 Under 30 in 2015, and LinkedIn’s 35 under 35.

According to her LinkedIn, she is currently the Director of Operations and Special Projects at Musk’s neurotechnology firm, Neuralink.

Court documents show the pair filed a petition to change their twins’ last names to Musk, and contain their mothers last name as part of their middle name.

The petition was filed in Austin, Texas which is also the birthplace of Zilis and Musk’s children where they were reportedly born in November 2021.

The two children will add to the six children Musk has with ex-wife, Justine Musk, and two children with Canadian singer Grimes.

The twins will also join Justine and Musk’s 18-year-old daughter, Vivian Jenna Wilson who has recently strived to cut ties with her father.

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Britain’s watchdog investigating unfair conduct at Amazon

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Amazon is being placed under the spotlight in Britain, with the nation’s antitrust watchdog investigating whether the company has engaged in unfair conduct

Britain’s CMA is wanting to establish whether Amazon’s own sellers have an advantage in its marketplace over third parties.

The body is concerned the company’s practices are lessening competition and consumers are getting a worse deal as a result.

The CMA says it is looking into Amazon’s third-party data to see if it’s being used to boost its own retail business, and favour sellers who use the company’s logistics and delivery services.

The investigation follows a similar matter which is ongoing in Europe.

Amazon says it will continue to work closely with the CMA during the investigation.

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Taco Bell owners close to selling KFC in Russia

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KFC is known for finger lickin’ chicken, but the secret herbs and spices will soon be swept away from Russians

The company behind Russia’s KFC business is close to selling

This is all part of its plan to exit the country’s market.

Yum Brans plans to fully exit Russia once the KFC transaction is complete.

Since March, Yum has been redirecting any profits from its Russian operations to humanitarian efforts.

The restaurant company added it is stopping all investment, restaurant development and operations in the country.

It sold its Russian Pizza Hut franchises, which re-branded in may.

The Taco Bell owner is the latest Western restaurant operator to wind down its Russian operations, closing the doors of about one thousand KFC locations

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