Aviation

  Bloomberg Delta Air Lines Inc suspended a marketing agreement with Aeroflot, Russia’s national airline, after the country invaded Ukraine. Withdrawal of the code-sharing accord, an industry practice that enables passengers to book a multicarrier trip through one airline, is effective immediately, Delta said. The suspension means Delta will no longer book passengers flying through Los Angeles and New York ...

Bloomberg British Airways owner IAG SA said it should turn profitable from the second quarter, joining other European carriers in predicting a travel rebound in coming months. While IAG, which also owns Spain’s Iberia and Aer Lingus of Ireland, sees a “significant” loss this quarter, bookings are now running at 85% of pre-pandemic levels as concerns about the omicron variant ...

  Bloomberg Qantas Airways Ltd said Omicron is delaying the airline’s recovery and eating into earnings, with international travel wallowing at less than half normal volumes for months to come. While demand has picked up since Australia’s border reopened this month, the impact of the fast-spreading Covid variant will cost Qantas A$650 million ($470 million) of operating profit in the ...

  Bloomberg Air Canada is in talks with Airbus SE about adding longer-distance A321neo jets alongside its fleet of Boeing Co 737 narrowbodies as travel demand rebounds, people with knowledge of the matter said. The carrier is looking at ordering 10 to 20 aircraft, one of the people said. The negotiations are preliminary and may not lead to a deal, ...

Bloomberg Rolls-Royce Holdings CEO Warren East will step down at the end of this year, after leading the engine maker through a punishing period capped by the Covid-19 pandemic. The board will conduct a search for a successor for East, a former technology executive who struggled to make Rolls a more efficient operation even before the virus hit in 2020. The ...

Bloomberg Air New Zealand plans to raise capital by the end of next month through the issue new shares as its losses continue to mount during the pandemic. The Auckland-based national carrier predicted a record full-year pretax loss of more than NZ$800 million ($540 million), after reporting loss of NZ$367 million in the six months ended on December 31. It ...

Bloomberg SAS AB risks a credit downgrade from Standard & Poor’s if the Scandinavian airline follows through with plans announced to convert debt into equity. The Stockholm-based airline said it planned a number of measures, including a rights offering and swapping hybrid and unsecured debt for equity, to raise capital and lower its debt levels, while repositioning the business coming ...

Bloomberg Thailand will further relax entry rules for foreign visitors starting next month, bowing to demand from the local tourism industry to lower costs as more countries ease border controls to lure holidaymakers. Vaccinated visitors to the Southeast Asian nation won’t be required to undergo a mandatory polymerase chain reaction test on the fifth day of the arrival starting from ...

  Bloomberg The largest union representing US flight attendants expects a federal order mandating face masks for air passengers and other travellers will be extended again, even as a growing number of states and businesses lift restrictions. The requirement is set to expire on March 18 after being extended three times since it first was imposed in February 2021 as ...

  Bloomberg London Heathrow airport’s losses from two years of Covid disruption swelled to 3.8 billion pounds ($5.2 billion), leaving its finances hanging on a summer travel rebound and the go-ahead from regulators to raise prices. The UK hub had a loss of 1.8 billion pounds last year after passenger numbers slumped to 19.4 million, the lowest since 1972, Heathrow ...