Aviation

  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 ...

  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 ...