AF.FR

British Airways ICAGY 2.81% is scrapping another 10,300 flights from its summer schedule as airlines contend with a resurgence in travel demand that has overwhelmed operators. The airline’s cancellations have been mounting, starting with an initial 8,000 return flights scrapped at the start of the summer season. On Tuesday British Airways said it was canceling more than 1,000 more. Including the 10,300 announced on Wednesday, the…

LONDON—French container shipping firm, CMA CGM Group, said it would take a stake in Air France-KLM AFLYY 3.22% as part of a deal to combine the airfreight operations of both companies amid a boom in demand for cargo since the start of the pandemic. Under a 10-year agreement, the two companies will combine and jointly market their airfreight operations including a fleet of 10 dedicated freighter aircraft as well as another 12 jets on…