Bloomberg United Airlines Holdings Inc will stop flying over Russia for its daily flights to India, becoming the last major US passenger carrier to withdraw from the airspace following the invasion of Ukraine. The airline expects short-term disruptions as it reroutes flights to Mumbai and New Delhi from its hubs in Chicago, Newark and San Francisco, spokeswoman Leslie Scott said. …

Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said fuel hedging and cost curbs will help it put the squeeze on rivals this summer as the Ukraine invasion adds to a slew of challenges facing airlines. While Ryanair saw bookings drop 20% after Russia launched its attack, sales have already begun to recover and Europe’s biggest discount carrier still …

Bloomberg A plunging ruble, flight cancellations and money-transfer difficulties are prompting Russian and European tourists to cancel trips to Thailand, a blow to the Asian nation’s tourism-revival efforts. The exclusion of many Russian banks from the SWIFT payments network has resulted in tour operators running into problems when making transfers, according to Charintip Tiyaphorn, co-owner of Pimalai Resort & Spa …

Bloomberg A Boeing Co 737 cargo plane operated by a Qantas Airways Ltd subsidiary suddenly depressurised during a flight last year after a misplaced insulation blanket clogged up the main outflow valve, Australia’s air-safety investigator said. Cold air rushed into the cockpit and the two-person crew suffered pain in their ears when the jet lost cabin pressure descending through 8,000 …

  Bloomberg Australian household spending recovered strongly, defying expectations that a renewed coronavirus outbreak would keep shoppers at home, as a shift to living with Covid prompted consumers to head out to shop. Retail sales jumped 1.8% in January to A$32.5 billion ($23.3 billion), compared with a forecast gain of just 0.3%, Australian Bureau of Statistics data showed. Sales across …

  Bloomberg US futures fluctuated and stocks were lower as investors assessed the impact of Russia’s invasion of Ukraine on commodity supply and the global economy. Oil topped $110. Contracts on US gauges were little changed, after the S&P 500 swung between losses and gains. The Stoxx Europe 600 Index was also lower, after briefly erasing declines. Ericsson led a …

Bloomberg Cryptocurrencies continued to pull away from stocks as the intensifying war in Ukraine prompts investors to look for safe havens. Bitcoin advanced as much as 2% in early trading in Hong Kong before giving up some gains. It has jumped 17% over the past three days — a period during which President Vladimir Putin stepped up shelling of Ukrainian …

  Bloomberg Oil soared as the Russian invasion of Ukraine continued to raise the specter of major global supply disruption. Futures in New York climbed as much as 6.1% to, the highest since 2014. Brent futures jumped by more than $6 to above $104 a barrel. The European Union is discussing the exclusion of seven Russian banks from the SWIFT …

  CAIRO / WAM The Arab Parliament (AP) lauded the resolution of the United Nations (UN) Security Council to list the Houthi militias as a terrorist organisation. The Council also placed the Houthis on a list of entities banned from being supplied with arms. The AP described this step as a victory for legitimacy, stressing that the resolution was issued …

  Bloomberg Leasing firms are facing the challenge of recalling jetliners worth billions of dollars from Russian airlines, as sanctions imposed over the Ukraine invasion threaten carriers’ ability to operate rented planes. EU sanctions ban the supply of “all goods and technology” linked to aircraft. Planes can’t be insured, either. That means leasing firms will be required to terminate all …