Aviation

Bloomberg United Airlines Holdings is nixing fees for reservations made this month, as the spread of coronavirus roils global travel. The waiver applies to all tickets booked between March 3 and March 31, the carrier said. If customers cancel their flight, they can retain the ticket value for trips within the next 12 months. “The coronavirus outbreak continues to create ...

Bloomberg Frankfurt airport is operating again after several drone sightings prompted the suspension of all flights for almost two hours. German air navigation service provider DFS suspended all incoming and outgoing flights between about 11.20 am and 1 pm on March 2 after a pilot spotted a drone, Fraport AG spokesman Dieter Hulick said by phone. Airlines cancelled 77 flights ...

Bloomberg Warren Buffett’s Berkshire Hathaway Inc boosted its stake in Delta Air Lines Inc last week, taking advantage of bargain prices amid market declines. Berkshire acquired more than 976,000 shares for about $45.3 million, or an average price of $46.40, according to a filing. Delta stock dropped about 20% last week as markets plummeted on concern about the coronavirus. Buffett, ...

Bloomberg Global airline and transportation shares are reeling from the disruptions caused by the coronavirus epidemic. Yet one stock has bucked that trend and is now the second-best performer on South Korea’s benchmark index this year. Hanjin Kal Corp, the holding company that owns shares in Korean Air Lines Co and Jin Air Co, has soared 102% in 2020. As ...

Bloomberg Chinese airlines are offering tickets at what are known colloquially as cabbage prices as they start restoring seat capacity following drastic capacity cuts enforced by the coronavirus. A one-way direct trip from Shanghai to Chengdu on Juneyao Airlines Co this Saturday costs just 90 yuan ($13) plus 50 yuan in taxes. That’s a three-and-a-half hour journey, about the same ...

Bloomberg Vietnam Airlines will temporarily suspend all of its South Korea flights beginning March 5 over concerns about the novel coronavirus outbreak, the national carrier said in a statement posted on its website. As of March 1, Vietnam Airlines flights from South Korea to Hanoi’s Noi Bai International Airport and Tan Son Nhat International Airport in Ho Chi Minh City ...

Bloomberg US regulators have told Boeing Co that pilots may require additional training to properly respond to emergencies on the 737 Max after airline crews failed to perform proper procedures in simulator tests. In a February 19 letter to Boeing reviewed by Bloomberg News, the Federal Aviation Administration (FAA) detailed multiple missteps that airline crews had made in the December ...

Bloomberg London Heathrow’s expansion plans face further delays after environmental activists won an appeal over a third runway that Europe’s busiest airport says it needs to boost flights and compete with rival hubs. Appeal court judges overturned a decision from May in favour of the project, saying the UK government failed to take full account of international agreements on climate ...

Bloomberg Deutsche Lufthansa AG will significantly curtail flights and ground more planes in a new sign of the coronavirus’s escalating toll on travel. The German flag carrier will cut as much as a quarter of its short- and medium-haul flights across all brands in the coming weeks. The number of grounded aircraft for long-haul services will rise to 23 from ...

Bloomberg Growing fear over coronavirus is battering commercial airline stocks, but private jet operators are seeing a spike in demand as well-heeled travellers look to minimise their public exposure and find alternatives to suspended flights. “There’s undoubtedly been a rise in demand for short-notice, on-demand charter,” said Adam Twidell, chief executive officer of jet charter provider PrivateFly. “We’ve had a ...