Deutsche Post AG, Europe’s largest postal service, reported profit that beat analysts’ predictions because of growth at express-delivery businesses abroad, sending the stock to the highest in almost five years.
Even before sealing a merger of British Airways and Spain’s Iberia, Willie Walsh, the deal’s architect, said he had 12 more targets in his sights. Eighteen months later, he may have more opportunities than he can handle.
Deutsche Lufthansa AG plans to suspend its dividend for the first time since 2010 to preserve cash as the German airline rejuvenates the fleet and pushes ahead with its most ambitious cost-savings program to date.
Richard Branson’s Virgin Atlantic Airways Ltd. joined chief competitor British Airways in saying it’s interested in a deal with BMI, the U.K. carrier that Deutsche Lufthansa AG has indicated may be sold.