Business World

Would you like me to give you a formula for success? It’s quite simple, really: Double your rate of failure. You are thinking of failure as the enemy of success. But it isn’t at all. You can be discouraged by failure or you can learn from it, so go ahead and make mistakes. Make all you can. Because remember that’s where you will find success.

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Business and Finance Article

JetBlue Airways swings to quarterly loss as coronavirus drove revenue down more than 90%

A Jet Blue aircraft takes off from Long Beach Airport in Long Beach, CA.

Tim Rue | Bloomberg | Getty Images

JetBlue Airways on Tuesday said it swung to a loss in the second quarter and forecast that revenue will fall by about 80% in the third quarter as the coronavirus pandemic promises a choppy recovery in travel demand.

The New York-based airline carried just 616,000 passengers in the three months ended June 30, down more than 94% from the 11 million that flew JetBlue in the same period last year. Revenue plunged about 90% from the second quarter of 2019 to $215 million from more than $2.1 billion during the same three months last year.

JetBlue is the latest airline to detail financial losses stemming from the coronavirus crisis, which kept millions of would-be travelers at home. Executives are warning that while demand bottomed out in the spring, a

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Novavax generates promising immune response in early stage trial

Dr. Sonia Macieiewski (R) and Dr. Nita Patel, Director of Antibody discovery and Vaccine development, look at a sample of a respiratory virus at Novavax labs in Rockville, Maryland on March 20, 2020, one of the labs developing a vaccine for the coronavirus,...

U.S. begins 2 trials testing Eli Lilly’s coronavirus antibody drug

In this May 2020 photo provided by Eli Lilly, researchers prepare mammalian cells to produce possible COVID-19 antibodies for testing in a laboratory in Indianapolis.David Morrison | Eli Lilly via APThe National Institutes of Health announced Tuesday it is starting...

Ford CEO Jim Hackett to retire as stock lags, automaker taps Jim Farley

Ford CEO James Hackett reveals the company's first mass-market electric car the Mustang Mach-E, which is an all-electric vehicle that bears the name of the companys iconic muscle car at a ceremony in Hawthorne, California on November 17, 2019.Mark Ralston | AFP |...