Airplanes

GE's shares soar as earnings recover from pandemic lows

General Electric Co. on Wednesday unexpectedly reported a quarterly profit and a positive cash flow on the back of cost cuts and improvements in its power and renewable energy businesses, sending its shares 10% higher.

Airlines plan for prolonged coronavirus travel drought

U.S. airlines expect it will be years before their business recovers from the coronavirus pandemic, even after pulling together over $100 billion by tapping government aid and mortgaging assets including planes and frequent-flier programs.