Aviation

BLOOMBERG United Airlines Holdings Inc suffered a temporary grounding of its aircraft nationwide due to a software update that caused a “widespread slowdown” in its technology systems. The Chicago-based carrier requested the grounding for its main operation and regional after its aircraft were unable to contact flight dispatchers using normal means, according to a posting on the Federal Aviation Administration’s ...

BLOOMBERG Ryanair Holdings said it was forced to cancel more than 350 flights over two days late last month when air-traffic control in the UK was hit by an outage, disrupting air space across the country. The Irish low-cost airline said in a traffic statistics release that 63,000 of its passengers faced cancellations on August 28 and 29 because of ...

BLOOMBERG IndiGo is setting up an aircraft-leasing subsidiary in the western Indian state of Gujarat, following a similar move by Air India as the country’s two biggest carriers enlarge their fleets. The budget airline, which has a market share of 63% in India, also plans to order 10 additional Airbus SE A320neo aircraft, expanding a 300-jet deal inked in 2019, ...

BLOOMBERG Airlines across Europe have begun discounting their tickets as the peak summer travel season gives way to the traditionally slower months of more subdued bookings. Discounter EasyJet Plc said that it’s offering 20% off on more than 1.7 million seats for flights from mid-September to the end of March. British Airways launched an end-of-summer sale on the same day ...

BLOOMBERG Superdry Plc swung to an annual loss and expects no revenue growth in the current year as the fashion retailer struggles to compete with other clothing brands during the UK’s cost-of-living crisis. The company, known for its logo-printed T-shirts and bright colours, reported a pretax loss of £21.7 million ($27.5 million) for the full year, compared with a profit ...

BLOOMBERG Alan Joyce is bowing out at Qantas Airways Ltd with an unprecedented cash splurge, underscoring the profitability of the post-Covid era and reigniting concerns about the soaring cost of air travel. The Australian airline sprayed money in all directions as it reported record earnings. Qantas simultaneously spent billions of dollars on Boeing Co and Airbus SE jets, returned A$500 ...

BLOOMBERG  The owner of Amsterdam’s airport urged the Dutch government to provide clarity about the highly-contested plans to restrict capacity at the hub following the collapse of the ruling coalition. Royal Schiphol Group said plans to cut capacity by 8% starting this winter were at an impasse amid legal challenges to the measures by airlines as well as Prime Minister ...

BLOOMBERG American Airlines Group pilots approved a new contract that would provide 46% in cumulative pay raises and retirement contributions over its four-year term, along with a bonus, improved scheduling, sick leave and insurance benefits. The pact will add about $9.6 billion in incremental costs for the airline over its duration, the Allied Pilots Association said in a statement. That ...

BLOOMBERG North Korea’s state airline made its first international trip since the start of the Covid pandemic, in a sign of easing border restrictions that could repatriate its stranded nationals abroad and increase trade with its powerful neighbour. Flight data indicates than an Air Koryo passenger jet flew from Pyongyang to Beijing  on Tuesday, which would be the first such ...

NEW DELHI / WAM India will build nine new “greenfield” airports to meet the steep rise in domestic and international air passenger traffic. In addition, 41 existing airports in India are being upgraded with state-of-the-art infrastructure and new facilities at a cost of about $12 billion. The high capital expenditure plan for upgrading existing airports with heavy traffic is being ...