Aviation

BLOOMBERG Executives for JetBlue Airways Corp and Spirit Airlines Inc met with Justice Department officials in a final bid to persuade the antitrust agency to approve their $3.8 billion merger, said people familiar with the matter. The agency is expected to decide whether to challenge the deal in the next several weeks, the people said, asking not to be named ...

BLOOMBERG Hong Kong’s goal to reclaim its spot as Asia’s premier financial hub is being tested by a scarcity of workers in the air industry that’s vital for reestablishing the city’s international links. The damage caused by years of closed borders is proving hard to undo. The number of workers employed at the Norman Foster-designed airport at the end of ...

  Bloomberg Boeing Co plans to end production of its F/A-18 Super Hornet, the fighter jet that wowed movie audiences in last year’s Top Gun: Maverick, after more than 2,000 deliveries over 40 years. The aerospace giant will stop manufacturing the fighters after it hands over the last Super Hornet to the US Navy in late 2025, according to a ...

  Bloomberg IAG SA said it’s enjoying strong bookings into this year, led by holiday travel and stable business trips, and predicted a further recovery in 2023 as the aviation industry emerges from its worst-ever crisis sparked by the pandemic. Full year operating profit will reach about €1.8 billion to €2.3 billion, while net debt will remain broadly unchanged at ...

  Bloomberg Thai Airways International Pcl’s fourth quarter profit almost tripled after Thailand eased pandemic-related border restrictions and tourists started to come back to the popular Southeast Asia holiday destination. The carrier’s net income for the three months ended on December 31 rose to 11.2 billion baht ($322 million) from 4 billion baht a year earlier, Chief Executive Officer Chai ...

  Bloomberg Singapore Airlines Ltd will scrap the city-state’s only nonstop flight to Vancouver from October, a little more than a year after the Asian carrier returned to Canada. The move is another example of how global hub airlines are having to readjust their networks after the pandemic in order to better match supply and demand. The sharp uptick in ...

  Bloomberg Qantas Airways Ltd shares fell the most in almost eight months as the airline flagged higher-than-expected spending on planes in an immediate attempt to cope with the rapid rebound in passenger growth. Demand for flights will “remain strong” into the second half of 2023 and fares will stay significantly above pre-pandemic levels, Qantas said. But with supply-chain blockages ...

  Bloomberg Rolls-Royce Holdings Plc surged the most in more than two years after new Chief Executive Officer Tufan Erginbilgic embarked on a strategic review, saying the UK engineering firm has underperformed financially for years. The stock jumped as much as 20%, the most since November 2020. Rolls-Royce also reported earnings that beat estimates, with adjusted operating income coming in ...

  Bloomberg London’s Heathrow Airport is seeking higher passenger charges to meet rising costs and let it expand services as airlines ramp up operations in the post-pandemic era, Chief Executive Officer John Holland-Kaye said. Passengers flying through the UK’s busiest airport tripled to 62 million in 2022 as countries lifted restrictions, the company said while reporting results. Losses narrowed to ...

  Bloomberg FedEx Corp pilots are inching closer to a potential strike as negotiations stall on a new labour agreement. Leaders of the FedEx Express pilots union approved a strike authorisation vote, according to a statement from the Air Line Pilots Association. A date for the vote wasn’t specified. The union said no new talks have been scheduled between the ...