Aviation

Bloomberg Asia’s icy winter just spawned Europe’s strongest jet fuel market in over three years. The fuel’s premium to diesel, the most-watched measure of market strength, jumped to $2.59 a barrel in Europe, the highest since December 2014. Freezing weather in Asia is drawing cargoes of kerosene, which is almost identical to jet fuel, from Middle East refineries that were ...

Bloomberg Mumbai finally started work on a new airport more than two decades after first proposing it, as jets ran out of space to operate in one of the busiest aerodromes using a single runway. Prime Minister Narendra Modi laid the foundation stone of Navi Mumbai International Airport on February 18, to be built on about 2,866 acres of land ...

Bloomberg Fuel hedging hasn’t translated into lower jet fuel prices for some of the biggest US airlines, even after crude oil rose 17 percent in the fourth quarter. American Airlines Group Inc., United Continental Holdings Inc. and Delta Air Lines Inc., three airlines that stopped fuel hedging, will pay the least for fuel this quarter, according to company projections. Alaska ...

Bloomberg After delaying spending on its fleet for too long during a turnaround program, Qantas Airways Ltd. faces a possible funding squeeze when it’s time to buy new planes, according to S&P Global Ratings. The Australian flag carrier needs to increase investment in its aging fleet of 309 planes before the sum required is too large to handle, S&P said ...

Bloomberg Air France-KLM Group said it will accelerate capacity increases despite an uncertain economic climate in order to defend its share of an air-travel market that’s becoming flooded with discount rivals. The Paris-based carrier will boost seating by up to 4 percent this year in a bid to combat the low-cost challenge, even as fuel expenses jump by a forecast ...

Bloomberg Airbus SE promised 20 percent earnings growth this year — pushing the stock up the most since 2008 — so long as it can iron out persistent manufacturing problems on two key aircraft programs. The European planemaker ended 2017 with a record order backlog and delivered more jets than ever before. The shares advanced as much as 10 percent ...

Bloomberg Delta Air Lines Inc is showing no hard feelings after its recent trade spat with Boeing Co. The No. 2 US carrier wants to be one of the first to fly a potential new mid-sized jetliner from Boeing, said Delta Chief Executive Officer Ed Bastian. That’s a vote of confidence from one of the most influential aircraft buyers as ...

Bloomberg Singapore Airlines Ltd., the carrier that is spending $850 million to refit its A380 jets and attract premium passengers, got a boost to its third quarter earnings. That didn’t come from passengers, but from cargo. Southeast Asia’s biggest carrier reported its best quarterly profit in seven years for the quarter through December as a jump in cargo demand from ...

Bloomberg A video from a drone that flew within feet of an airliner over Las Vegas and prompted outrage on the internet has spurred three influential US aviation lobbies to call for tighter regulations on hobby drones. Legislation exempting certain hobbyist drone pilots from oversight by the Federal Aviation Administration has hampered the aviation agency’s ability to oversee safety of ...

Bloomberg Supersonic jetliner travel, which ended more than a decade ago with the Concorde, will make a comeback and transform the aviation industry in coming years, according to billionaire Richard Branson. “The next big thing, hopefully in my lifetime, will be supersonic travel coming back and people travelling around the world in next to no time,” Branson told Bloomberg Television ...