Aviation

Bloomberg Qantas Airways Ltd. announced its fourth stock buyback in two years as the airline reported better-than-expected annual earnings, marking the end of a three-year turnaround under Chief Executive Officer Alan Joyce. The Australian carrier, reporting its second-highest profit on record, said it will repurchase as much as $295 million of stock even as the shares traded near an all-time ...

Bloomberg United Continental Holdings Inc. suspended its entire regional operation and all mainland flights out of Houston to non-hub airports around the country as Hurricane Harvey lashed southeast Texas, the airline said. More than 1,000 flights had been canceled and another 1,259 delayed nationwide as of 3:04 p.m. Eastern time Saturday, according to flight tracking service FlightAware. United’s cancellations, including ...

Bloomberg Ryanair Holdings Plc said it’s “genuinely interested” in bidding for insolvent Air Berlin Plc and called on the German company to involve it in the sale process. Ryanair could buy all or part of Air Berlin but has so far been ignored by the ailing carrier, according to Chief Executive Officer Michael O’Leary, who said he’s concerned the company ...

Reuters Saudi Arabian Airlines’ low-cost carrier will start flights next month, aiming to carve out a new market among the country’s young, tech-savvy population in a region dominated by airlines from the UAE. Flyadeal, a subsidiary of the state-controlled holding company that also owns national carrier Saudia, will offer domestic services from September 23 and begin international flights before mid-2018. ...

Bloomberg The European Aviation Safety Agency ordered operators of Airbus SE A350 airliners to revise fuel-system software to reduce the risk of overheating that could lead to a fire. A flaw in the hydraulic-fluid cooling system, located in the fuel tanks, may cause the temperature of the liquid to rise quickly, the EASA said in an emergency airworthiness directive that ...

Bloomberg Pretty much everyone prefers a nonstop flight—business people, especially. And they are more likely than most to be in a position to afford the premium. But right now, all the money in the world won’t get you from Sydney to the Big Apple or UK without a pit stop, because commercial planes just don’t have that kind of range. ...

Bloomberg Latin America’s airline industry is moving towards having just two dominant players serving the region and the world. Avianca Holdings SA says it can be one of these, boosted by its alliance with United Continental Holdings Inc. and a merger with a Brazilian airline. The carrier hopes to reach a commercial agreement this year with United, with the ultimate ...

Bloomberg If shares of Taiwan’s largest airline are anything to go by, Apple Inc.’s next iPhone will be a runaway success. China Airlines Ltd. has surged more than 30 percent in the past 8 days, adding about $4.1 billion in market value and outperforming almost every other member of MSCI Inc.’s Asian benchmark. Behind the gains is investor optimism the ...

Bloomberg With little fanfare, Airbus SE is about to mark an unusual milestone in aviation: simultaneous production of the same aircraft on three continents. The company will hand over the first A320 to roll out of its Mobile, Alabama, assembly plant on Aug. 25, meaning North America will join Europe and Asia in producing the most popular airliner in the ...

Bloomberg TUI AG wants to safeguard the jobs of 700 of its employees staff who work planes leased to ailing Air Berlin Plc and isn’t interested in rescuing the insolvent carrier. Europe’s biggest holiday company, which disclosed last week that it would engage in talks following the insolvency filing, doesn’t plan to pick up assets and is neutral on what ...