Aviation

Bloomberg United Airlines projected a slowdown in a benchmark financial gauge as trans-Pacific fares weaken, and the carrier delayed delivery of four Airbus SE long-haul jets earmarked for those routes. Passenger revenue for each seat flown a mile could rise as much as 1 percent or fall by the same magnitude this quarter, United said in a statement as it ...

Geneva / Emirates Business The International Air Transport Association (IATA) and Airlines for America (A4A), have launched a year-long global campaign related to baggage tracking with the goal of reducing mishandled bags in addition to increasing efficiency in baggage operations. Annually, more than 4 billion bags are carried by airlines globally. Less than 0.43 percent do not arrive with their ...

Bloomberg Britain’s strategy for boosting the aviation sector will seek to enhance international connectivity as the UK quits the European Union, tighten noise and pollution curbs, tap new anti-terrorist technologies and improve the travel experience with everything from personal baggage collection to smoother border controls. The plan would also seek to safeguard Britain’s aerospace manufacturing base, advance the development of ...

Bloomberg Spring Airlines Co., China’s biggest budget carrier, plans to resume some flights to South Korea as easing tensions between the two neighbors encourage mainland tourists to return to the peninsula’s popular destinations. Relations between China and South Korea are better than a few months ago, and that should enable the airline to boost its services, Chairman Wang Yu told ...

Bloomberg InterGlobe Aviation Ltd., operator of India’s largest airline, has picked banks including Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley to work on an institutional share sale, according to people with knowledge of the matter. InterGlobe, which operates the IndiGo carrier, is planning the sale to help cut its owners’ stake to achieve the minimum public shareholding of ...

Bloomberg United Technologies Corp.’s Pratt and Whitney unit has been slow to incorporate promised cost savings techniques for the latest and biggest batch of engines to power F-35 jets, the Pentagon’s costliest weapons program, according to a new report. Pratt is producing 102 engines for the fighters built by Lockheed Martin Corp. under what’s now a $2.1 billion contract, including ...

Bloomberg Lockheed Martin Corp. raised its profit forecast weeks after a $5.58 billion down payment on the latest contract for its F-35 Lightning II fighter signaled the jet’s revenue potential. Earnings will be $12.30 to $12.60 a share this year, 15 cents more than previously forecast, the company said in a statement as it reported second-quarter profit that topped analysts’ ...

KHOBAR / Reuters A ban on laptops and other large electronic devices from the cabins of direct flights to the United States from Saudi Arabia has been lifted, Saudi Arabian Airlines said on Wednesday. In March, U.S. officials imposed restrictions on passengers carrying laptops and other large electronic gear in cabins on nine airlines, most of which were Middle Eastern ...

Bloomberg The skies over Argentina have airline industry veterans lining up planes. The nation’s vast territory and a young working population in Buenos Aires with links to faraway hometowns are two attractions. Join those with a government willing to open virtually untapped markets — currently served almost exclusively by state-run Aerolineas Argentinas SA — and the potential is huge. That’s ...

Bloomberg Deutsche Lufthansa AG struggled to reduce operating costs, setting up the German airline for a difficult second half with pressure on fares set to intensify. The shares fell as much as 4.3 percent, the biggest intraday drop in three months, despite Lufthansa raising its 2017 operating profit forecast to gradually catch up with analyst estimates. While first-half earnings almost ...