In the past week, Southwest Airlines LUV dominated headlines by virtue of its positive update on cash burn for the September quarter. The bullish forecast on this key metric was primarily owing to improved air-travel demand on the leisure front. Moreover, booking trends have also been encouraging.

Meanwhile, with no confirmation available yet on another round of federal stimulus for the airlines, job cuts are looming large on the industry post Sep 30 (when the current package expires). However, the aviation industry is looking to limit job losses in absence of no further aid. Updates in this respect were available from Delta Air Lines DAL and United Airlines UAL in the past week.

European carrier Ryanair  Holdings RYAAY was also in the news, courtesy of its decision to trim its October capacity due to coronavirus-led travel restrictions. Notably, U.S. carriers like Hawaiian Holdings HA  provided a tepid capacity outlook for

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The government has once again cut the import duty again on masoor dal (lentil) by 20 per cent till October. This is being done to ensure price is under control.

Finance Minister Nirmala Sitharaman on Friday tabled the notification in Lok Sabha “to reduce the import duty from 30 per cent to 10 per cent on Lentils (Masur) originated in or exported from countries other than USA and to reduce the import duty from 50 per cent to 30 per cent on Lentils (Masur) originated in or exported from USA from September 18 to October 31.”

In June also, the import duty was cut to 10 per cent for the shipments originating from any country other than the US till August 31. In case of the US, the customs duty was brought down to 30 per cent from 50 per cent.

The reduced customs duty was applicable during June 2

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