Aviation

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 ...

Bloomberg Two days before Norwegian Air Shuttle ASA discloses its results for 2017, Chief Executive Officer Bjorn Kjos has called the year “a mess” for the carrier after it was hit by plane and pilot shortages at the height of summer. Norwegian was forced to ground more than 10 Boeing Co. 737 Max jets due to engine snags, delaying operations ...

Bloomberg Seven Philippine conglomerates, including those led by billionaires John Gokongwei and Lucio Tan, submitted a proposal to modernise and expand the capital’s 70-year-old airport in a plan that will potentially triple capacity and help ease congestion. Ventures of Aboitiz Equity Ventures Inc., Ayala Corp., LT Group Inc. along with Alliance Global Group Inc., Filinvest Development Corp., JG Summit Holdings ...

Bloomberg Aegean Airlines, the former island-hopper that’s expanded to replace defunct Greek flag-carrier Olympic Air, plans to order at least 50 new single-aisle jetliners in the next three or four weeks. Aegean, which has already doubled its fleet since 2013, will choose between the latest Airbus SE A320neo and Boeing Co. 737 Max narrow-body models, Chief Executive Officer Dimitrios Gerogiannis ...

Bloomberg Southwest Airlines Co.’s cancellation of 250 flights at Midway Airport Feb 11 was the third time in two months that a shortage of de-icing fluid has complicated the carrier’s Chicago operations. Heavy snows forced Southwest to use much more than the normal amount of glycol to remove ice and snow from planes that parked at the airport overnight, eating ...