Aviation

Bloomberg Cathay Pacific Airways Ltd. has enlisted a company that was itself once caught up in a hacking scandal to help deal with the fallout of a data breach that affected more than 9 million passengers. Asia’s biggest international carrier is offering customers hit by the hack — which saw passport details to emails illegally accessed — the option to ...

Bloomberg Cathay Pacific Airways Ltd said a hacker accessed personal information of 9.4 million customers, becoming the target of the world’s biggest airline data breach. The airline’s shares sank the most in almost two years, shaving $201 million off its market value, after the Hong Kong-based carrier disclosed the unauthorised access, seven months after discovering the violation. While passports, addresses ...

Bloomberg Norwegian Air Shuttle ASA is closing in on a deal that would provide a potential $1 billion infusion of cash to help it navigate increasing fuel prices and the slow winter period, according to people familiar with the matter. The Oslo-based carrier said that it is in “advanced discussions” with an unnamed partner to create a fleet joint venture ...

Bloomberg Airbus SE has a mighty challenge ahead of it, one that seems to be getting tougher. The European planemaker is targeting deliveries of around 800 commercial aircraft this year, an 11 percent jump from 2017. To do it, Airbus needs to hand over some 300 jets in its final quarter, which would be a record. But delays with engines ...

Bloomberg The airline industry should prepare for chaos if no trade agreement is signed in the coming weeks for the UK’s planned split from the European Union, the head of the sector’s trade body has warned. The International Air Transport Association detailed its concerns in a report on Brexit. These include airline landing rights in the UK, pilot licenses and ...

Bloomberg Boeing Co. revved up cash flow and raised its profit forecast, soothing shareholder concerns over an operating loss in its defense business and production stumbles with the company’s best-selling 737 jets. Free cash flow jumped 37 percent to $4.1 billion in the third quarter, more than double analysts’ estimates. The planemaker also reported higher-than-expected earnings, raised its annual profit ...

Bloomberg Southwest Airlines Co. tumbled the most in two years as Wall Street worried that expenses are getting out of hand. Investments in new technology and airport facilities haven’t paid off as much as expected, said Chief Executive Officer Gary Kelly. Costs for each seat flown a mile, a key measure of efficiency, will climb at least 3 percent in ...

Bloomberg United Technologies Corp can’t seem to get its aerospace megadeal across the finish line. But that isn’t stopping the company from capitalising on a booming market. The manufacturer boosted its forecast for the year and topped Wall Street’s third-quarter profit estimates as demand surged for the latest in aviation know-how. Sales at the Pratt & Whitney jet-engine operation jumped ...

Bloomberg Deutsche Lufthansa AG is trying to decide whether to take its first Boeing Co 787 Dreamliners, or to expand its fleet of Airbus SE’s marquee A350 wide-body jets as it updates its long-range aircraft, according to people familiar with the plans. Lufthansa has requested proposals from both Airbus and Boeing, and is looking to order about 20 jets in ...

Bloomberg Catering employees at United Continental Holdings Inc. have voted to join the Unite Here union, marking the last group of front-line employees at the carrier to seek labor representation. The vote was announced by the National Mediation Board, with 72 percent of those eligible to vote supporting the effort. Overall, Chicago-based United has about 2,900 catering employees who work ...