Aviation

Bloomberg Airline shares surged in Europe after Ryanair Holdings Plc said it expects to post a bigger-than-expected full-year profit following a spike in lucrative last-minute bookings over the Christmas and New Year holiday. Europe’s biggest discount airline now anticipates earnings for the 12 months through March of between 950 million euros ($1.06 billion) and 1.05 billion euros, and most likely ...

Bloomberg Former Boeing Co CEO Dennis Muilenburg won’t get severance and must forfeit stock awards worth tens of millions of dollars after his botched handling of two deadly plane crashes ended a decades-long career at the company. He forfeited unvested equity awards that could have been worth as much as $31 million if certain targets had been exceeded, Chicago-based Boeing ...

Bloomberg Airbus SE delivered a record 863 planes last year, edging beyond its target of about 860 after overcoming production snarls with its best-selling A320 family, the chief rival to Boeing Co’s grounded 737 Max. Bigger versions of Airbus’s largest A321neo narrow-body also drove net orders 2.8% higher to 768 aircraft, it said, as airlines snapped them up to replace ...

Bloomberg Southwest Airlines Co was hit with a proposed $3.92 million civil penalty by US aviation regulators for allegedly operating thousands of flights with inaccurate weight estimates of its planes. The airline flew 44 jets on a total of 21,505 flights with “incorrect” weight estimates, the Federal Aviation Administration (FAA) said. Airlines must calculate the weight of each plane before ...

Bloomberg The Federal Aviation Administration (FAA) proposed a $5.4 million civil penalty against Boeing Co for misrepresenting the safety of wing components installed on 178 of its 737 Max airplanes, the agency said. The parts, known as slat tracks, guide moveable panels on the leading edge of the wing to provide extra lift during takeoff and landing. The FAA said ...

Bloomberg A Boeing Co 737-800 jetliner bound for Ukraine that crashed after takeoff in Iran, killing everyone on board, was most likely brought down by an engine fire, according to Tehran authorities. Ukraine International Airlines said 167 passengers and nine crew were on the plane, an older version of the 737 that predates Boeing’s grounded Max model, which crashed at ...

Bloomberg United Airlines Holdings Inc is taking a $90 million non-cash charge in the 2019 fourth quarter to account for a steep drop in demand for flights to Hong Kong, which has been roiled by protests against the Chinese government for more than half a year. Hong Kong International Airport, a major passenger and cargo hub, imposes landing and arrival ...

Bloomberg Airlines around the world diverted flights from the airspace over Iran, Iraq, and the Persian Gulf after Tehran fired more than a dozen missiles at US forces in the region. In the wake of the attack, carriers ranging from Singapore Airlines Ltd and Qantas Airways Ltd to Air France-KLM and Deutsche Lufthansa AG have said they’re avoiding the area, ...

Bloomberg A major parking-garage fire at an airport on Norway’s west coast destroyed hundreds of cars, grounded air traffic and led to an evacuation of the facilities. The fire, which started on January 07 afternoon and spread to several floors of the garage, was partly contained by 9:30 pm local time, Norwegian news agency NTB reported, citing police. There were ...

Bloomberg JetBlue Airways Corp said it will become the first large US airline to offset emissions from all of its domestic flights, aiming to become carbon neutral by July as pressure grows on the industry from climate change activists. The carrier also will begin using sustainable aviation fuel on its flights from San Francisco International Airport, the New York-based airline ...