Aviation

  Bloomberg Cathay Pacific Airways Ltd. shares dropped the most in three months after the carrier’s planned business revamp fell short on details, failing to soothe investor concerns over a slide in earnings. Changes at Asia’s biggest international airline “will start at the top” and the carrier will eliminate some positions as part of a review, with key changes taking ...

  Bloomberg American Airlines Group Inc. followed United Continental Holdings Inc. in announcing no-frills tickets that limit carry-on bags to those that fit under a seat, bolstering efforts to compete with fast-growing fare discounters. The new basic-economy tickets will go on sale Feb. 10 in select domestic markets, and the first flights will begin soon after, the Fort Worth, Texas-based ...

  Bloomberg Aircraft-engine maker Safran SA agreed to buy plane-seat supplier Zodiac Aerospace SA for almost 10 billion euros ($10.5 billion) in an all-French deal that will unite two of the country’s biggest aerospace groups. Safran will offer 29.47 euros per share in cash, 26 percent above Wednesday’s close, the companies said on Thursday. If half of Zodiac’s equity is ...

  Bloomberg Ryanair Holdings Plc could cease flights within Britain once the country leaves the European Union, rather than take steps to comply with new regulations. As an Irish company, Europe’s biggest discount carrier could require a UK air operating certificate, or AOC, in order to continue domestic services there once Brexit is implemented, Chief Financial Officer Neil Sorahan said. ...

  Bloomberg United Continental Holdings Inc.’s fourth-quarter profit exceeded expectations as a rebound in pricing power took hold across the airline industry. Earnings excluding certain items were $1.78 a share, compared with the average analysts’ estimate of $1.75 a share. Revenue rose less than 1 percent to $9.05 billion, the Chicago-based airline said in a statement. Analysts had predicted $9.06 ...

  Bloomberg Singapore Airlines Ltd. deepened its commitment to two-stop flights after deploying the world’s newest wide-body jet on services that call in at Manchester, northern England, en route to Houston, Texas. The Asian carrier this week upgraded the flight, which it operates under so-called fifth-freedom rights, to Airbus Group SE’s A350-900 jet, of which it has only 10 in ...

  Bloomberg AirAsia Bhd., the region’s biggest budget airline, is likely to use most of the proceeds from a proposed sale of its aircraft-leasing arm to pay a dividend, its chief executive officer said in an interview. The airline expects to get binding bids for the unit by March and close the deal by summer, Group CEO Tony Fernandes, 52, ...

  Bloomberg The third and final aircraft needed to complete flight trials of Airbus Group SE’s enlarged A350-1000 jet is poised to join the test program as the manufacturer pushes to hand over the first production plane to Qatar Airways before the end of the year. The-1000, a stretched model seating 40 more people than the existing A350-900, is on ...

  Bloomberg Etihad Airways PJSC has no plans to take a stake in Deutsche Lufthansa AG, though the carriers are exploring the possibility of expanding their recent cooperation agreement, according to James Hogan, the company’s chief executive officer. Asked if Abu-Dhabi-based Etihad would be buying Lufthansa, for which it has been touted as a possible investor, Hogan replied “no.” The ...

  Bloomberg Cathay Pacific Airways Ltd., Asia’s biggest international airline, said it will eliminate some positions after conducting a critical review of its business in a bid to arrest a decline in earnings. “The competition is here to stay and the uncertainty is the ‘new normal’ – we must simply respond,” the Hong Kong-based carrier said in a statement Wednesday ...