Aviation

  Bloomberg Unloved during the pandemic with their business paralysed almost overnight, airlines that cut back to survive the crisis are now blowing through profit forecasts and luring back investors. Virgin Australia, so financially frail when Covid-19 hit in 2020 that it folded in weeks, has undergone a remarkable transformation under new owner Bain Capital and plans to relist in ...

  Bloomberg Singapore Airlines Ltd. posted a third consecutive quarterly profit on Tuesday, pushing the damage of Covid further into the past as air travel continued its strong recovery in the three months through December. The company’s net income was S$628 million ($469 million), rising from a profit of S$84.7 million a year earlier, it said in a statement on ...

  Bloomberg United Airlines Holdings Inc said it will introduce a seating policy that would make it easier for adults to book adjoining seats for children under 12 without charges after President Joe Biden vowed to outlaw such fees in his State of the Union address this month. The carrier’s new system would find available adjacent seats at the time ...

  Bloomberg Qantas Airways Ltd. announced its biggest investment in global airport lounges in more than a decade, underscoring the demand for premium, long-distance travel as aviation rebounds from the pandemic. The A$100 million ($70 million) program includes a new flagship first-class Lounge at London’s Heathrow Airport that will open in 2025, Qantas said on Tuesday. That’s when the carrier ...

  Bloomberg Airbus SE should refrain from buying a stake in a division of French software company Atos SE because the purchase would represent an “extremely inefficient” use of funds and distract management at a time when it needs to focus on meeting delivery targets, activist investor Chris Hohn said. Owning a stake in the Evidian business would expose Airbus ...

Bloomberg United Airlines Holdings Inc. has delayed plans to add extra US-China flights by at least six months, according to a person with knowledge of the matter, as the two nations remain deadlocked over lifting Covid flight caps. The increase in flights was originally slated to start late next month, but the move was postponed over the weekend, said the ...

  Bloomberg Mauritius’s only international airport and its stock exchange remained closed on Monday as tropical cyclone Freddy threatened the tourism-dependent island nation, according to statements from the respective operators. The storm at the weekend strengthened to a very intense tropical cyclone, according to Meteo France, with wind gusts near its center of about 300 kilometers per hour, making it ...

Bloomberg Airbus SE’s plans to ramp up production of its Eurofighter aircraft and other key weapons systems are being held back because governments aren’t committing to orders, the head of its defense unit said. Michael Schoellhorn, the chief executive officer of Airbus Defence and Space, said he expects an uptick in orders for jets, drones and space-based products in the ...

Bloomberg Lockheed Martin Corp. has outlined plans to build a satellite factory in the UK, which would be its first such facility outside of the US, according to a report in the Telegraph. The Maryland-headquartered defence company has been looking into suppliers around the northern city of Newcastle, an emerging hub for space technology, said the company’s UK Chief Executive ...

  Bloomberg JetBlue Airways Corp is preparing for a possible lawsuit from the US Justice Department seeking to block the carrier’s merger with Spirit Airlines Inc. While antitrust authorities haven’t yet revealed whether they plan to take action to prevent the deal, JetBlue Chief Executive Officer Robin Hayes said the company’s legal team is ready to fight back if necessary. ...