Aviation

Bloomberg Multiple people were injured after an emergency landing by Grupo Aeromexico SAB aircraft but no one died, a state official said, contradicting a report of eight fatalities. Many passengers left on foot from the scene of the accident in Durango, Mexico, said Israel Solano, a state civil protection official, in an interview with broadcaster TV Azteca. The Televisa network ...

Bloomberg Deutsche Lufthansa AG reassured investors that cost cuts and higher fares will help it reach full-year targets after disruption from storms and air traffic control strikes hurt second-quarter earnings. The shares rose the most in 21 months after Lufthansa reported profit that fell less than analysts had feared, despite a rising fuel bill and increased expenses from integrating parts ...

Bloomberg Hong Kong Airlines’ plans to sell almost a third of its stock has been held up after the sudden death of a top executive at HNA Group Co., one of the carrier’s biggest shareholders, according to a person familiar with the matter. The death of HNA co-Chairman Wang Jian from an accident in France in early July has halted ...

Bloomberg IndiGo, India’s biggest airline, fell to the lowest in 16 months as rising fuel prices and a weaker rupee led to its worst-ever quarterly profit in a fiercely-competitive market. The carrier, operated by InterGlobe Aviation Ltd., said net income dropped 97 percent to 278 million rupees ($4 million) in the three months through June, its worst quarterly result since ...

Bloomberg Ryanair Holdings Plc’s labour crisis deepened as pilots in Germany voted to strike in a dispute over pay and conditions. Crews could walk out at 24 hours’ notice after more than 96 percent of respondents backed industrial action in a poll, the Vereinigung Cockpit union said. It set an August 6 deadline for the discount carrier to avoid disruption ...

Bloomberg Cathay Pacific Airways Ltd. offered a voluntary early retirement package to employees in Japan as part of a three-year restructuring effort to revive earnings growth. Cathay is undergoing a “comprehensive review” of regional organisation including Northeast Asia, which consists of Japan, Taiwan and Korea, the airline’s Japan office said in emailed comments. Employees in Japan were briefed on the ...

Bloomberg VietJet Aviation JSC, the Vietnamese carrier that handed Boeing Co. a $12.7 billion aircraft order this month, said second-quarter profit jumped after more people flew its international flights. Second-quarter pretax profit rose 44 percent from a year earlier to $41 million, said Nguyen Thi Phuong Thao, VietJet’s founder and chief executive officer. Revenue gained 52 percent to 8.6 trillion ...

Bloomberg Thomas Cook Group Plc shares rose the most in more than two months after the UK tour operator confirmed it’s open to a possible deal for its airline business. “While we are open to consolidation where it makes sense for our business, we have no current plans to sell our airline,” Thomas Cook spokesman Johannes Winter said by e-mail ...

Bloomberg Malaysia Airlines Flight 370, missing since 2014, was probably steered off course deliberately and flown to the southern Indian Ocean, according to the Malaysian government’s safety report into the disaster. MH370 vanished on March 8, 2014, en route to Beijing from Kuala Lumpur with 239 people on board. Investigators have never been able to explain why the jet abandoned ...

Bloomberg American Airlines Group Inc. is ending the carry-on bag fee for customers of its “basic economy” discount fare, caving in to pressure from competitors’ more generous policies. The change, which applies to domestic and short-haul international flights, takes effect from September 5, Fort Worth, Texas-based American said as it announced second-quarter financial results. “It got to the point we ...