Struggling Norwegian Air Shuttle ASA said it has notified Boeing Co. that it will cancel a deal to buy nearly 100 remaining planes, and is suing over losses related to the grounding of the 737-Max and 787 engine issues. In a statement on the company’s NAS, +2.71% website late Monday,Read More →
Air Lease Corporation (NYSE:AL) Q4 2019 Earnings Conference Call February 14, 2020 4:30 PM ET Company Participants Mary Liz DePalma – Head of Investor Relations John Plueger – President and Chief Executive Officer Steve Házy – Executive Chairman Greg Willis – Executive Vice President and Chief Financial Officer Conference CallRead More →
Norwegian Air Shuttle ASA (OTCPK:NWARF) Q4 2019 Earnings Conference Call February 13, 2020 2:30 AM ET Company Participants Geir Karlsen – Chief Financial Officer Jacob Schram – Chief Executive Officer Martine Bekkelund – Investor Relations Officer Conference Call Participants Kenneth Sivertsen – Pareto Daniel Roeska – Bernstein Hans Jørgen ElnæsRead More →
© Reuters. An airport worker guides a Delta Air Lines Airus A319 plane on the tarmac at LAX in Los Angeles By Tracy Rucinski CHICAGO (Reuters) – Delta Air Lines Inc (NYSE:) said on Friday it will invest $1 billion over the next decade in initiatives that would limit theRead More →
© Reuters. Air cargo carriers say China demand weak despite drastic freight capacity cuts on passenger planes By Ilona Wissenbach and Joyce Lee FRANKFURT/SEOUL (Reuters) – Major air cargo carriers said they have no immediate plans to add China flights to replace the capacity lost amid steep cuts to passengerRead More →
© Reuters. By Pauline Thomas Investing.com – Here is a summary from the most important regulatory news releases from the London Stock Exchange ahead of the U.K. market open on Wednesday 29 January. Please refresh for updates for U.K. market news from the LSE’s RNS on individual U.K. shares fromRead More →
Over the past year, the shares of Air Products and Chemicals Inc. (NYSE:APD) are up about 49%, and I thought I’d look in on the company to see if it still makes sense to buy at these levels. It does not. I’ll go through my reasoning for avoiding the sharesRead More →
Several rockets hit the Green Zone, a heavily fortified area in Baghdad that hosts the U.S. embassy and other diplomatic missions, on Saturday after thousands of people marched in a funeral procession through Iraq’s capital for Major General Qassem Soleimani, the Iranian military leader killed in a U.S. airstrike onRead More →
By Andrew Galbraith SHANGHAI (Reuters) – Asian shares extended their New Year’s rally on Friday after Wall Street struck another record high on fresh Chinese stimulus while oil spiked after U.S. air strikes in Iraq heightened geopolitical tensions. MSCI’s broadest index of Asia-Pacific shares outside Japan () touched its highestRead More →
BEIJING (Reuters) – China Southern (NYSE:) Air Holding, the parent of China Southern Airlines (SS:), has set up a cargo company with registered capital of 1 billion yuan ($143 million), as it looks to consolidate its air cargo assets through state-led reforms. The move from December 24 was disclosed byRead More →
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration (FAA) needs to improve its oversight to address maintenance issues at the 11th largest U.S. carrier Allegiant Air, a unit of Allegiant Travel Co (O:), according to a report seen by Reuters on Tuesday. The U.S. Transportation Department’s Inspector General said inRead More →
(Reuters) – A Hong Kong air transport regulator said on Saturday that it has decided against suspending Hong Kong Airlines’ license, the city’s second largest airline. The airline said on Wednesday it had drafted an “initial cash injection plan” that would allow it to make overdue salary payments on Thursday.Read More →
PARIS (Reuters) – Airline group Air France-KLM (PA:) said on Wednesday it was not necessary to buy a stake in Virgin Atlantic to expand a transatlantic joint venture with Virgin Atlantic and Delta Air Lines (N:). Air France-KLM also said in a statement it would continue final preparations toward theRead More →
Wizz Air Holdings Plc (OTCPK:WZZAF) Q2 2020 Results Conference Call November 13, 2019 4:00 AM ET Company Participants József Váradi – CEO Iain Wetherall – CFO Conference Call Participants Damian Brewer – RBC Jarrod Castle – UBS Rishika Savjani – Barclays Mark Simpson – Goodbody Ross Harvey – Davy AndrewRead More →
© Reuters. Investing.com — Here is a roundup of regulatory news releases from the London Stock Exchange on Monday, 4th November. Please refresh for updates British Airways’ parent International Consolidated Airlines Group (LON:) said it had agreed to buy Spanish long-haul specialist Air Europa for 1 billion euros ($1.11 billion)Read More →
© Reuters. An interior view of Bombardier’s Global 7500, the first business jet to have a queen-sized bed and hot shower, is shown during a media tour in Montreal By Allison Lampert LAS VEGAS (Reuters) – New large corporate planes that can fly farther and an industry push toward sustainableRead More →
Shares of Air France-KLM on Monday nosedived on a warning over bookings, and other airlines weakened, in mostly listless European stock markets on Monday. Air France-KLM shares AF, -8.13% plunged 9% as the airline said “close-in bookings in the peak travel period are weaker than foreseen in view of softeningRead More →
SINGAPORE (Reuters) – Air China Ltd (SS:) has no plans to take over Hong Kong’s Cathay Pacific Airways Ltd (HK:), an independent director of the state-owned Chinese carrier told the South China Morning Post newspaper. “Based on what I know, I wouldn’t think that is anywhere on the agenda, noRead More →
Wizz Air Holdings Plc (OTCPK:WZZAF) Q1 2020 Earnings Conference Call July 25, 2019 4:00 AM ET Company Participants József Váradi – CEO Iain Wetherall – CFO Conference Call Participants Jarrod Castle – UBS Jaime Rowbotham – Deutsche bank Mark Simpson – Goodbody Andrew Lobbenberg – HSBC Ross Harvey – DavyRead More →
(Reuters) – Delta Air Lines Inc (N:) reported a 39.3% rise in quarterly profit on Thursday, as the second-largest U.S. carrier benefited from higher fares and flying fuller planes. Supply constraint due to the extended grounding of the Boeing (NYSE:) 737 MAX planes is expected to help U.S. airlines thatRead More →
If the weather is too darn hot where you live, it’s also probably too darn expensive to keep your home cool in the summertime. Residents of Sun Belt states pay the most to air condition their homes during the summer, with a median cost of $292.90 per home, according toRead More →
By Yimou Lee TAIPEI (Reuters) – Taiwan’s Eva Airways (TW:) has canceled 550 more flights scheduled through mid-July as a cabin crew strike entered its 14th day, after latest negotiations on work conditions and wages broke down this week. Flight attendants at the Taiwanese airline went on strike on JuneRead More →
FedEx Corp. is offering big discounts to woo online merchants to its air network as it seeks to refashion a delivery system ill-equipped for the rise of e-commerce. The shipping giant FDX, -1.49% , which is ending an air-shipping contract with Amazon.com Inc. AMZN, -0.36% later this month, isRead More →
© Reuters. FILE PHOTO: An Airbus A320neo aircraft is pictured during a news conference to announce a partnership between Airbus and Bombardier on the C Series aircraft programme, in Colomiers near Toulouse PARIS (Reuters) – Air Lease Corporation said on Tuesday it had signed long-term lease placements for two newRead More →
© Reuters. FILE PHOTO: An Air New Zealand Boeing 777 plane taxis after landing at Kingsford Smith International Airport in Sydney WELLINGTON (Reuters) – Air New Zealand said on Monday it was ending a longstanding ban on staff having visible tattoos after facing criticism that the policy discriminated against MāoriRead More →
