Aviation

Bloomberg Traveling to Hong Kong isn’t set to get much easier once a ban on flights from nine countries including the US and the UK is lifted, with Cathay Pacific Airways Ltd planning just one inbound flight every two weeks. The airline said it isn’t able to expand its schedule any more than what it was planning due to “the ...

  Bloomberg A China Eastern Airlines Corp Boeing Co 737-800NG plane carrying 132 people crashed in China’s southwestern province of Guangxi. According to FlightRadar24, China Eastern flight MU5735 was traveling from Kunming to Guangzhou, and radar tracking shows the aircraft descending steeply. Eyewitness videos posted to social media showed a forest fire on a mountainside at what was purported to ...

Bloomberg Cathay Pacific Airways Ltd shares jumped to their highest intraday level since June 2020 on Monday morning as Hong Kong Chief Executive Carrie Lam announced that a flight ban on nine countries would be lifted and mandatory quarantine eased to seven days from 14. The shares rose as much as 4.9% before paring their gain to 0.8% at the ...

Bloomberg Delta Air Lines Inc will give most of its 75,000 employees a 4% pay increase as the carrier emerges from the coronavirus pandemic’s drubbing. Flight attendants and ground employees — such as ticket and gate agents, baggage handlers and mechanics — are eligible for the raise, which takes effect from May 1. It applies to employees worldwide except those ...

  Bloomberg Mexico City’s newest airport, opening on March 21, is meant to relieve traffic at the mega-city’s main hub. The eight daily flights it will start with won’t achieve this — but that’s beside the point for President Andres Manuel Lopez Obrador. The Felipe Angeles airport, located about 50 kilometres (31 miles) north of Mexico City’s centre, is a ...

Bloomberg The Biden administration identified billionaire Roman Abramovich’s Gulfstream business jet among 100 for apparent violations of the nation’s export controls imposed over Russia’s invasion of Ukraine. The sanctions apply to commercial and private aircraft destined for Russia and Belarus in recent weeks, the Commerce Department’s Bureau of Industry and Security said in a statement. Other planes were listed as ...

  Bloomberg South African airline group Comair Ltd resumed flights after being given the all clear by the country’s Civil Aviation Authority, which was investigating a series of incidents over concerns about safety. The decision allows the local operator of British Airways and owner of the low-cost Kulula carrier to restart services on Thursday after a five-day grounding, restoring about ...

Bloomberg Delta Air Lines Inc Chief Executive Officer Ed Bastian said the coronavirus crisis is effectively over as far as the travel sector is concerned, with demand comfortably outweighing any impact from Russia’s war in Ukraine. Delta had the two busiest days for sales in its near 100-year history last week, while the North Atlantic market has been swamped with ...

Bloomberg US airline stocks jumped the most in the S&P 500 Index after carriers said they will trim flying to remain on track toward profits even as fuel prices rise. Several of the largest carriers, including United Airlines Holdings Inc and American Airlines Group Inc, cut their capacity forecasts for the first quarter, while Delta Air Lines Inc held growth ...

  Bloomberg Mumbai International Airport Ltd has delayed a proposed dollar bond offering, according to people familiar with the matter, as market volatility prompts borrowers around the world to adjust their funding plans. The operator of India’s second-largest airport had said in an exchange filing in late February that it would be meeting with investors for the proposed issuance. But ...