Aviation

Bloomberg India’s Prime Minister Narendra Modi rode to power five years ago on his business friendly credentials and the promise of generating millions of jobs. Now an airline is on the verge of collapse, bringing Modi’s image under attack just months before national elections. Struggling in a competitive market where basic air fares can get as low as 2 cents, ...

Bloomberg EasyJet Plc said a decline in ticket prices is accelerating amid a fare war prompted by overcapacity across the European airline industry. Britain’s biggest low-cost airline said on Tuesday that revenue per seat, a measure of fares, will drop by mid-to-high single digit percentage points in the fiscal second quarter through March, at constant currencies. That’s after a 4.2 ...

Bloomberg A hard Brexit could bring queues at airports and put a brake on new routes, but airline passengers should at least be able to chow down on an in-flight meal. With concerns growing that a no-deal split will snarl traffic at UK ports, stalling the flow of goods, the world’s biggest caterer to the aviation industry has begun to ...

Bloomberg London Heathrow airport held onto its status as Europe’s busiest hub last year with a pack of four challengers almost neck-and-neck in the competition for second place, data compiled by Bloomberg show. Moscow Sheremetyevo joined the regional top 10 at the expense of Rome’s Fiumicino terminal, spurred by a surge in soccer fans attending the World Cup finals, and ...

Bloomberg Travellers may see longer wait times at US security checkpoints — particularly at New York area airports and major hubs like Chicago — due to fewer TSA agents reporting for work as the government shutdown stretches into its 30th day. Unscheduled absences for TSA employees climbed to 8 percent on Saturday versus 3 percent a year ago, with some ...

Bloomberg Jet Airways India Ltd is working with lenders to revamp its debt as the struggling carrier tries to shore up its financials after recording losses in nine of the past eleven years in a market known for ultra-low fares. The carrier is working on “various options on the debt-equity mix, proportion of equity infusion,” the Mumbai-based company said in ...

Bloomberg A one-two punch of bad weather and longer airport security lines mean it’ll be a miserable weekend for many travellers in the US. Winter storm Harper, a blizzard that the National Weather Service expects to travel from the Midwest through New England and the Northeast, may leave up to 18 inches of snow. In addition, severe thunderstorms with damaging ...

Bloomberg Ryanair Holdings Plc shares dropped to a four-year low after the airline cut its full-year profit guidance, citing an industrywide slump in ticket prices and over-capacity across Europe this winter. The region’s biggest discount airline now expects an after-tax profit in the range of $1.1 billion to 1.1 billion euros, excluding its new Lauda unit, for the year through ...

Bloomberg Indonesian investigators will start analysing next week more than two hours of conversation held in the cockpit voice recorder of a jet that crashed into the Java Sea in October as they seek to unravel the cause of the nation’s worst aviation disaster in two decades. The National Transportation Safety Committee expects to finish transcribing 124 minutes of recording ...

Bloomberg Avianca Brasil is in talks with Elliott Management Corp for a possible cash injection, according to people with knowledge of the matter. The airline, also known as Oceanair, is in early talks with the New York hedge fund led by billionaire Paul Singer to get fresh cash as it struggles to keep operations going after filing for bankruptcy protection ...