Bloomberg United Airlines Holdings Inc sees robust US travel demand extending into the winter, offering an economic bright spot amid signs of a slowdown. “I’ve never seen a bigger disconnect between the global headlines in terms of the economy and its potential impact on travel, and then the numbers I see here at United†in terms of future sales, United ...
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Swiss resumes flights with A220 jets after ‘grounding’
Bloomberg Deutsche Lufthansa AG’s Swiss airline is resuming flights with its fleet of Airbus SE A220 jets after grounding them on October 15 following a “serious†engine problem that forced a London-Geneva service to land in Paris. The carrier, the world’s biggest operator of the narrow-body aircraft, said it cancelled about 100 flights in order to carry out inspections of ...
Read More »United raises 2019 outlook again on flight demand, fuel cost
Bloomberg United Airlines Holdings Inc raised its 2019 profit forecast for the second straight quarter, citing strong travel demand and lower-than-expected fuel prices in the late summer. Earnings will climb to at least $11.25 a share this year, the carrier said in a statement as it reported third-quarter results that showed robust travel demand. That compares with an outlook of ...
Read More »Climate protection surcharges on German air travel from April
Bloomberg New climate protection surcharges on German air travel will begin in April, giving passengers a temporary reprieve before tickets become more expensive and providing airlines time to adjust pricing. Lifting surcharges is an element of Chancellor Angela Merkel’s plan to nudge consumers to opt for trains instead of planes, above all in domestic travel. The increased fees are aimed ...
Read More »Southwest pilots don’t see 737 Max return until Feb
Bloomberg Southwest Airlines Co’s pilots don’t expect to see Boeing Co’s 737 Max resume flights until February “at least,†given work still to be done in a process fraught with safety concerns and politics. That’s well beyond the January 6 date the carrier has set for the grounded plane to be back in its schedule. But ending a global flying ...
Read More »US litigator joins Boeing defense in Lion Air suit
Bloomberg Veteran litigator Dan Webb has joined Boeing Co’s legal team to defend the company in cases related to the deadly Lion Air 737 Max crash in October 2018, according to a court filing in Chicago. Webb will work with lawyers at Seattle-based Perkins & Coie LLP on nearly 60 lawsuits brought on behalf of victims Lion Air Flight 610, ...
Read More »Human guinea pigs prepare for first 20-hour flight
Bloomberg For decades, travellers have stoically endured jet lag as an unavoidable menace on long journeys. Now, as airlines push for record-breaking non-stop flights halfway around the planet, efforts to counter the debilitating symptoms are turning into a billion-dollar industry. Fresh insight into the physical and emotional toll of ultra-long haul travel should emerge when Qantas Airways Ltd flies direct ...
Read More »US-EU jet tariff war will drive up travel costs, warns Clark
Bloomberg A face-off between the US and European Union over jetliner tariffs risks making travel more expensive for passengers, the world’s biggest long-haul airline has warned. Tit-for-tat import duties on Boeing Co and Airbus SE planes would ultimately increase the cost of the aircraft and hence also fares, Emirates President Tim Clark said on Monday in Dubai, where the carrier ...
Read More »US set to hit EU with $7.5b Airbus sanction
Bloomberg The World Trade Organization on on Monday formally authorised the US to impose tariffs on about $7.5 billion worth of European exports annually in retaliation for illegal government aid to Airbus. Members approved this month’s arbitration award — the largest in the trade organisation’s history — at a special meeting of the dispute settlement body at the WTO’s headquarters ...
Read More »Bamboo Airways expects $1b market cap at listing
Bloomberg Vietnam’s Bamboo Airways expects a market capitalisation of as much as $1 billion at its planned listing in the first quarter next year. The startup carrier plans to list about 400 million shares on either the Ho Chi Minh City Stock Exchange or Hanoi Stock Exchange as early as January, Deputy Chief Executive Officer Nguyen Khac Hai said in ...
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