Aviation

  Bloomberg Deutsche Lufthansa AG is discussing some conditions with Italy in order to proceed with its plan to acquire a 40% stake in the country’s ITA Airways, according to people familiar with the matter. The German carrier is seeking to gain the option to back out of a full takeover should the venture fail to work out, as well ...

Bloomberg Delta Air Lines Inc. forecast first-quarter profit short of Wall Street’s estimates, dragging down the carrier’s shares as higher costs deal a blow to its efforts to further capitalise on a rebound in air-travel demand. Adjusted earnings will be 15 to 40 cents a share in the period, the airline said in a statement that also detailed fourth-quarter results. ...

Bloomberg Two of China’s largest state-owned airlines said they would give up their New York stock exchange listings, joining a raft of government controlled firms that announced their departures from US bourses last year. China Eastern Airlines Corp. and China Southern Airlines Co. stated in separate filings their intentions to apply to voluntarily delist their American depositary shares listed on ...

  Bloomberg An overlooked software flaw is opening up US aviation authorities to new scrutiny over the resiliency of the systems that keep the nation’s planes moving. Federal Aviation Administration (FAA) officials were still working to determine what went wrong in an outage that prompted a nationwide flight stoppage. The agency said preliminary findings traced the cause to a “damaged ...

  Bloomberg Airbus SE is exploring the next level of cockpit automation, testing a system that would provide advanced assistance from alerts on the ground to emergency diversions at cruising altitude should the crew be incapacitated. The technology, called DragonFly, is designed to let planes perform an automated landing even in difficult weather conditions or low visibility while communicating with ...

  Bloomberg Airlines in the Asia Pacific region flew 13.4 million passengers internationally in November, compared with just 1.8 million in the same month a year earlier, according to preliminary data from their trade association. Revenue passenger kilometers, which measures demand, surged nearly 500%, far ahead of the 187% growth in seat capacity. That resulted in a 40 percentage point ...

  Bloomberg Hong Kong Airlines Ltd said it expects to return to 75% of pre-pandemic capacity by the end of this year and 100% by mid-2024, after increasing operations to 30% this month. The carrier, which had a $6.3 billion debt restructuring plan approved by courts in December, is also raising basic pay by 8% and lifting flying hourly rates ...

Bloomberg US aviation safety regulators intend to require passenger and cargo aircraft to meet requirements by early next year for navigation gear to deal with potentially unsafe interference from 5G mobile-phone signals. The equipment is needed because the newer wireless signals are on frequencies near those used by planes’ radio altimeters, which determine altitude over ground and can cause them ...

  Bloomberg The failure of a key pilot notification system operated by the Federal Aviation Administration (FAA) disrupted air travel in the US early on Wednesday morning, with United Airlines Holdings Inc. temporarily grounding flights to all destinations. Scores of passengers due to fly domestically reported delays on social media, and there was no estimate available for the restoration of ...

Bloomberg As Covid-19 pandemic restrictions are eased and airlines rebuild flight capacity, the performance of the world’s carriers is again falling under the scrutiny of analysts and passengers alike. So which airlines are whizzing people around the world on time? And which are the laggards of the skies? The most punctual global airline of 2022 was Garuda Indonesia, according to ...