Aviation

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 ...

Bloomberg Cathay Pacific Airways Ltd.’s operating environment remained challenging in the first half of the year, Chief Executive Officer Rupert Hogg said, dashing expectations of an early recovery for the carrier that’s cutting jobs following the first annual loss in eight years. “We said that we expected the operating environment in 2017 to remain challenging,” Hogg said in a statement ...

DUBAI / Reuters Emirates, the Middle East’s largest airline, and budget carrier flydubai are expanding their commercial relationship to create a combined fleet of 380 jets flying to as many as 240 destinations by 2022. The airlines, both owned by the government of Dubai, said in a statement on Monday their expanded partnership would be rolled out over the coming ...

Bloomberg EasyJet Plc announced on Monday that Chief Executive Officer Carolyn McCall is stepping down from the discount carrier to take up the same role at broadcaster ITV Plc, according to a person familiar with the matter. McCall told the airline’s board of her decision Sunday, according to the person, who asked not to be identified discussing the switch. McCall ...

Bloomberg Travellers are purchasing more one-way flights as the price premium declines compared with round trips, according to Airlines Reporting Corp., which analyzes fare data. One-way jaunts have expanded to 42 percent of air travel so far this year, up from 29 percent three years ago, ARC said. The price drop is especially pronounced on leisure routes, with corporate travel ...

Bloomberg Shares of Delta Air Lines Inc. may have reached their cruising altitude for now. The Atlanta-based carrier got investors excited last week when it said revenue from each seat flown a mile jumped 2.5 percent, another big boost following May’s 3.5 percent increase. The stock had soared 22 percent since the beginning of May. But second-quarter results show that ...

Dubai / Emirates Business Air Seychelles, the national airline of the Republic of Seychelles introduced SITA’s state-of-the-art common-use passenger processing systems (CUPPS) at Seychelles International Airport. This investment provides greater flexibility for international airlines operating from the airport by allowing them to share common-use terminal equipment for check-in and boarding. The airline – which provides ground-handling services to airlines operating ...