Aviation

Bloomberg The razor-thin staffing that contributed to thousands of canceled US passenger flights in October doesn’t bode well for smooth holiday travel. American Airlines Group Inc scrapped about 1,900 flights since Saturday, including 302 by November 1, as cancellations continued to ripple from the disruption of flights by high winds at its main hub near Dallas. Just three weeks ago, …

Bloomberg China’s three main airlines slid in trade in Shanghai and Hong Kong in the wake of disappointing earnings announcements. China Southern Airlines Co, Air China Ltd and China Eastern Airlines Corp were rooted to the bottom of a Bloomberg gauge of Asia-Pacific airline stocks, their A shares in Shanghai falling more than 3%. China Southern fell as much as …

Bloomberg While Japan’s not yet ready to welcome foreign tourists back, prospects are finally looking up for stocks related to the country’s beleaguered travel industry. Airline shares jumped after the Nikkei reported Japan is considering allowing business travellers, exchange students and trainees enter the country from as early as this month — the first relaxation of tight border controls since …

Bloomberg AirAsia X Bhd’s shares dived by the most in more than a year after the long haul budget airline was officially categorised as a financially distressed firm, which gives the company a year to recast its finances or risk losing its Malaysian listing. The stock tumbled as much as 21.1% to 7.5 sen on Monday, set for the steepest …

Bloomberg VietJet Aviation JSC indicated that it plans to establish a fleet of Airbus SE A330 jets for flights beyond Asia after signing a service deal for the Rolls-Royce Holdings Plc engines that power the twin-aisle model. The Vietnamese airline will outfit upcoming wide-bodies with Rolls-Royce Trent 700 turbines, it said in a statement. A Rolls spokeswoman said the $400 …

Bloomberg The Biden administration’s new vaccine-based travel rules are forecast to boost jet fuel consumption as they bring the US more in line with the European Union, helping revive flights across the Atlantic. The increased transatlantic travel will probably add at least 250,000 barrels a day of crude demand, according to a senior trader at a top oil-trading firm. Bloomberg …

Bloomberg Ryanair Holdings Plc is considering delisting from the London Stock Exchange (LSE) in the latest setback to the UK’s stock market arising from Brexit. The Irish discount carrier cited compliance headaches tied to Britain’s exit from the European Union as it weighs joining a growing list of firms that are disappearing from the bourse. Dublin-based Ryanair is required to …

Bloomberg PT Garuda Indonesia needs at least $1 billion of additional funds to cut debt and stay afloat, as the government says it could give up its majority control of the troubled flag carrier. Garuda is currently in talks with creditors to restructure $6.3 billion worth of debt and expects to reach an agreement in the second quarter of 2022, …

Bloomberg Thai Airways International Pcl plans to raise as much as 50 billion baht ($1.5 billion) in new capital as the flag carrier expands flights with the country reopening its borders to foreign tourists. The airline will borrow 25 billion baht from existing creditors and other financial institutions, said Piyasvasti Amranand, a member of the panel overseeing a court-monitored debt …

Bloomberg Airbus SE boosted its financial targets for the second time this year while confirming a production ramp-up that would cement the European planemaker’s advantage over Boeing Co. The shares rose as much as 3.2% after Airbus said adjusted operating profit will reach $5.2 billion in 2021. The company reversed some of the charges it took for Covid-19 disruptions as …