Aviation

BLOOMBERG If your New Year’s resolution includes flying the most punctual airlines—in addition to choosing the best airports—the 2023 annual on-time performance results from Cirium, published on January 2, should help. The aviation analytics company studies data on more than 35 million flights a year, including schedules, airline fleets and airports, to deliver insights on the aviation industry at large. ...

BLOOMBERG Cathay Pacific Airways Ltd, grappling with flight cancellations over the holiday period that have frustrated passengers, acknowledged that pilots reaching or at their 12-month limit on flying hours had contributed to the problem. While there were “elevated sickness rates on certain days,” the airline’s director of flight operations said in a memo that many had hit or come close ...

BLOOMBERG The Philippines on Wednesday received bids from four groups for a 170.6-billion peso ($3 billion) contract to upgrade and operate its main airport in Manila. The groups that submitted bids were Manila International Airport Consortium, Asian Airport Consortium, GMR Airports Consortium and SMC SAP & Co Consortium, Transportation Secretary Jaime Bautista said before opening the offers. The concession period ...

BLOOMBERG China has signed off on the first direct delivery of a Boeing Co 787 jet in four years, an indication strained US-China trade relations may be easing and a potential precursor to the more significant resumption of 737 Max deliveries. Juneyao Airlines Co, one of China’s largest privately owned carriers, took delivery of its newest 787 Dreamliner, in a ...

BLOOMBERG China has signed off on the first delivery of a Boeing Co 787 jet since April 2021, an indication strained US-China trade relations may be easing and a potential precursor to the more significant resumption of 737 Max deliveries. Juneyao Airlines Co, one of China’s largest privately run carriers, is poised to fly its newest 787 Dreamliner from North ...

BLOOMBERG Ryanair Holdings Plc won European Union (EU) court challenges against billions of euros of state aid for rival Air France-KLM, in the latest round of the Irish carrier’s campaign against allegedly unfair subsidies doled out during the Covid-19 pandemic. The EU’s General Court annulled the bloc’s formal approvals for the aid, saying regulators failed to vet the potential impact ...

BLOOMBERG Southwest Airlines Co pilots will vote next month on a proposed new contract that would boost pay 50% over the five-year term of the deal and could end a multiyear round of negotiations and protests at the four largest US carriers. The board of the Southwest Airlines Pilots Association decided to send the agreement to its roughly 11,000 pilots ...

BLOOMBERG Airbus SE and Boeing Co are rounding out the year with a flurry of major orders, smashing records in one of the most active purchasing periods in recent memory that stretches their production lines well into the next decade. Deutsche Lufthansa AG said it ordered as many as 200 short-haul aircraft from the two manufacturers, in a deal the ...

BLOOMBERG Soaring demand for travel this winter is boosting refiners’ margins for making jet fuel in Asia, providing a bright spot for the oil market even as the outlook for other transport fuels weakens. The post-pandemic recovery of air travel is gaining pace in China and India, while the US is expecting to see record travel demand during the holiday ...

BLOOMBERG FedEx Corp reported profit below analyst expectations as cost cuts weren’t enough to make up for volume declines at the air-freight unit amid a lingering cargo recession. The company lowered its sales forecast for the fiscal year ending on May 31. Adjusted earnings were $3.99 a share, the Memphis, Tennessee-based company said in a statement. Analysts had expected $4.19. ...