Ryanair Holdings PLC said Friday that it was raising its full-year guidance for fiscal 2020 on the back of stronger trading over the Christmas period, but that Austrian subsidiary Laudamotion has continued to underperform and that its loss for the year is expected to widen. The low-cost carrier RYA, +7.06%Read More →
Newly released internal emails from Boeing Co. paint a disturbing picture of its 737 Max program, with employees bragging about fooling FAA regulators and ridiculing its safety. The emails were part of more than 100 pages of documents sent Thursday by Boeing BA, +1.50% to House and Senate committeesRead More →
MENAHEM KAHANA/AFP via Getty Images Tourists at the Khazneh, or Treasury, in Petra, Jordan. The popular destination is in a region of the world where tensions can be expected to rise after an U.S. airstrike in Baghdad, Iraq, killed a top Iranian military official. Iran and Iraq are obviously notRead More →
The death of an Iranian military leader in a U.S. airstrike has sent markets reeling. But U.S. consumers won’t feel the impact of rising oil prices immediately. Qassem Soleimani, the leader of the foreign wing of Iran’s Islamic Revolutionary Guard Corps, was killed in an airstrike on Baghdad’s international airportRead More →
© Reuters. FILE PHOTO: A Turkish Airlines counter is pictured at the departure terminal of the Istanbul International Airport in Istanbul ISTANBUL (Reuters) – Turkish Airlines has agreed a compensation deal with planemaker Boeing (NYSE:) Co over the grounding of the Boeing 737 MAX following two fatal crashes, the carrierRead More →
The past year saw highs and lows for the travel industry. The grounding of the Boeing 737 Max aircraft BA, -0.04% following two fatal crashes caused headaches for travelers and airlines alike, prompting cancelled flights and route changes that have continued through today. Don’t miss: Airbnb hosts have booked whiteRead More →
SEOUL (Reuters) – South Korean builder Hyundai Development Co (KS:) said on Friday its consortium has closed on its 2.5 trillion won ($2.16 billion) acquisition of a controlling stake in the country’s second-biggest carrier Asiana Airlines Inc (KS:). Hyundai Development said out of the 2.5 trillion won its consortium withRead More →
There was no sign of a festive Santa Rally on European markets as traders were more focused on the pantone and presents to come than their portfolios. Despite U.S. stocks climbing to yet another record high on Monday, Christmas Eve trading was flat across the pond in what for manyRead More →
© Reuters. A logo of low cost carrier Spirit Airlines is pictured on an Airbus plane in Colomiers near Toulouse (Reuters) – U.S. budget carrier Spirit Airlines Inc (N:) said on Monday it will buy 100 Airbus (PA:) A320neo-family jets to be delivered through 2027, with options to purchase upRead More →
This has been an excellent year for U.S. stocks — so good, in fact, that among the S&P 500, only 57 have had negative returns. But it may be profitable to look among the losers for bargains. Mark Hulbert recently pointed to a trend among stocks in the Dow JonesRead More →
ISTANBUL (Reuters) – Turkish Airlines (IS:) is preparing to open a court case against Boeing Co (N:) due to uncertainty regarding the plane manufacturer’s 737 MAX jetliner, Demiroren news agency said on Thursday evening. The 737 MAX has been grounded since March after two crashes in Indonesia and Ethiopia killedRead More →
© Reuters. FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California By Jamie Freed and Tracy Rucinski SYDNEY/CHICAGO (Reuters) – Boeing (NYSE:) Co has decided to suspend production of its best-selling 737 MAX model from January, theRead More →
Delta Air Lines Inc., Chief Executive Officer Ed Bastian says he’d like to offer Wi-Fi free on his airline’s flights but right now it would crash the system. Speaking during an interview in September at the Economic Club of Washington, which aired on Bloomberg on Thursday, the 62-year-old Bastian toldRead 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 →
© Reuters. Manila-bound Philippine Airlines flight makes emergency landing in Los Angeles (Reuters) – A Philippine Airlines’ flight bound for Manila suffered an apparent engine failure on Thursday shortly after takeoff from Los Angeles and made an emergency landing, authorities said. All 347 passengers and 18 crew aboard flight 113,Read More →
© Reuters. FILE PHOTO: Grounded Boeing 737 MAX aircraft are parked at Boeing Field in Seattle By Tracy Rucinski CHICAGO (Reuters) – Some U.S. airlines are willing to pick up their 737 MAX jets from Boeing Co (N:) as soon as December if the Federal Aviation Administration (FAA) approves deliveryRead More →
© Reuters. Malaysia Airlines airplanes are pictured on the haze-shrouded tarmac at Kuala Lumpur International Airport in Sepang By Liz Lee and Joseph Sipalan KUALA LUMPUR (Reuters) – Malaysia Airlines (MAS) said on Tuesday some codeshare agreements with partners on routes to and from the United States could be disrupted,Read More →
CHICAGO (Reuters) – The Association of Professional Flight Attendants (APFA), which represents American Airlines Group (O:) flight attendants, still has safety concerns about a relaunch of the Boeing (NYSE:) 737 MAX, its president told Boeing Chief Executive Dennis Muilenburg in a letter seen by Reuters. The letter, dated Oct. 30,Read More →
Dear Catey, I’m 73 and looking for a location outside of California (I’ve had enough of living there). What I would like is a gun-friendly environment with moderate temperatures and a lot of trees, which may mean a somewhat higher elevation. Need a low cost of living, as my primaryRead More →
People are much more inclined to pay more money for a carbon “offset” than they were for a carbon “tax,” a new study found. The study from researchers at the University of British Columbia in Canada and the Environmental Defense Fund explored the wording around “carbon pricing” — fees thatRead More →
By Aislinn Laing SANTIAGO (Reuters) – Shares in LATAM Airlines Group (SN:) surged more than 30% at the market open on Friday, the day after Delta Air Lines (N:) said it would buy a 20% stake in the company for $1.9 billion, creating a major new airline partnership and endingRead More →
Bloomberg A container ship sits in Yokohama, Japan last month. The U.S. and Japan have reached an initial trade agreement this week, according to President Donald Trump. The numbers: The advance trade deficit in goods widened to $72.8 in August, up 0.5% from the prior month, according to the CommerceRead More →
Investors are keeping a wary eye on oil after weekend attacks on Saudi Arabia crude facilities triggered the largest one-day gain for the commodity since 2008, and plenty of risk-off action all over. The cautious tone looks here to stay as attention turns to the two-day Federal Reserve meeting startingRead More →
A panel of international air-safety regulators is finishing a report expected to criticize the initial U.S. approval process for Boeing Co.’s BA, -0.24% 737 Max jets, according to people briefed on the conclusions, while urging a wide-ranging reassessment of how complex automated systems should be certified on future airliners.Read 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 →
