Aviation

BLOOMBERG Adidas AG said Amanda Rajkumar will step down from the executive board after deciding not to extend her term, leaving the company facing a fresh diversity challenge. Rajkumar joined Adidas as head of global human resources, people and culture at the beginning of 2021, and is the only woman on the board. She’s also the latest senior woman to ...

BLOOMBERG Britain’s biggest supermarkets said they’re keeping food prices as low as possible in response to questions from UK politicians on whether they’re profiteering from rampant inflation on groceries. Representatives from Tesco Plc, J Sainsbury Plc, Asda and Morrisons were asked whether they have been “behaving” in their pricing for cash-strapped shoppers, by politicians on the House of Commons Business ...

BLOOMBERG Qantas Airways Ltd overhauled its leadership, including naming a new chief financial officer and creating a role to oversee risk, as the Australian airline prepares for its post-Covid era under incoming Chief Executive Officer Vanessa Hudson. Current strategy, people and technology head Rob Marcolina will become CFO when Hudson takes the reins from longtime CEO Alan Joyce in November, ...

BLOOMBERG Delta Air Lines Inc modestly boosted its 2023 earnings expectations as it capitalises on a recovery in travel demand even as free cash flow remains below pre-pandemic levels. Adjusted profit for the year will be at the high end of its prior guidance of $5 to $6 a share, Delta said in a regulatory filing ahead of an investor ...

BLOOMBERG Deutsche Lufthansa AG entered decisive talks with its pilots union as the German airline races to reach an agreement to avert the threat of a strike during the crucial summer travel season. Negotiating teams at Lufthansa and the VC pilots union met with the aim at ending a dispute over pay and working conditions. Lufthansa made an offer earlier ...

BLOOMBERG Joby Aviation Inc jumped 40% after a crucial green light from US regulators in its quest to build electrically powered air taxis. The company, based in Santa Cruz, California, said in a statement that the go-ahead from the Federal Aviation Administration (FAA) will let it test flying taxis coming off its production line; it previously could only demo a ...

BLOOMBERG Virgin Galactic Holdings Inc sent paying customers to the edge of space for the first time, a milestone for the Richard Branson-founded company almost two decades in the making. The VSS Unity craft reached space at about 9:30 am local time in New Mexico on June 30, Virgin Galactic revealed in a livestream of the event on its website. ...

BLOOMBERG US airlines continued to grapple with flight disruptions heading into the busy weekend ahead of Independence Day, keeping the industry on edge even as the recent volatility driven by bad weather and air-traffic control limits showed signs of subsiding. United Airlines Holdings cancelled 8% of its flights as of mid-afternoon on June 30 and delayed 21%, according to data ...

BLOOMBERG United Airlines Holdings Inc will have to change, and possibly reduce, its flight schedule at Newark Liberty International Airport while work is under way to expand the number of gates for the carrier, Chief Executive Officer Scott Kirby said in a letter to employees. The letter follows days of extensive flight disruptions as airlines across the US dealt with ...

BLOOMBERG Singapore Airlines Ltd slumped the most in more than a year after a block of shares amounting to nearly 3% of the float traded on June 30. Singapore state-owned investment firm Temasek Holdings Pte had earlier offered to sell the same number of shares, according to terms of the deal seen by Bloomberg. The carrier closed down 4.7% at ...