Aviation

  Bloomberg Ryanair Holdings Plc warned it won’t be able to cut spending fast enough if a drop in ticket prices accelerates this winter, reflecting the strain facing European airlines as terrorist attacks and volatility stemming from Brexit spook travelers. The carrier, Europe’s largest discount airline, has been able to offset price declines during the summer season with cost cuts, ...

  Bloomberg Air France-KLM Group will jettison a hard-line stance on cost cutting that antagonized employees and unions under its former chief executive officer in favour of a more conciliatory approach to be called “Trust Together,” according to a person familiar with the plan. Jean-Marc Janaillac, who succeeded Alexandre de Juniac as CEO in July, will unveil the program in ...

  Bloomberg China Southern Airlines Co., Asia’s biggest by passengers, said its profits were dented by the yuan’s depreciation while two of the country’s largest private carriers reported an increase in earnings amid a surge in travel. China Southern also said it will consider breaking away from a decade-old policy of not hedging for fuel to revive earnings as nimbler ...

  Bloomberg Republic Airways Holdings Inc. reached a deal to continue providing regional flights for its largest customer, completing its third pact with the biggest US carriers and removing an obstacle on the path to exiting bankruptcy. The agreement with American Airlines Group Inc. is critical because the world’s largest carrier accounts for about half of Republic’s revenue, the bankrupt ...

Bloomberg Air France-KLM Group will overhaul its restructuring efforts, moving away from the previous chief executive’s strategy that strained relations with pilots, to a more conciliatory approach called “Trust Together,” reports said. Jean-Marc Janaillac, who became CEO in July, will unveil the program in November that seeks to lower costs as well as rebuild trust between management and labor, and ...

  Bloomberg Cathay Pacific Airways Ltd. has collected an unwanted title. Equity strategists have less enthusiasm for the carrier than any other member of the Bloomberg World Airlines Index, according to a ranking of analyst ratings. Cathay shares have tumbled 11 percent this month, falling to a record low versus Hong Kong’s Hang Seng Index on August 22, as brokerages ...

  Emirates Business British Airways (BA) has started flying directly to Tehran to London Heathrow, following the airline’s return to Iran on September 2, marking 70 years since British Airways first started flying to the country. The route from Imam Khomeini International Airport is being serviced by six-weekly flights to British Airway’s hub at London Heathrow’s Terminal 5. This follows ...

  Bloomberg British Airways will cut one of its two daily flights from London City Airport to New York’s John F. Kennedy International hub, slashing capacity on a business-class-only service that began in 2009. The change will be introduced with the winter schedule at the end of October, leaving British Airways with up to 12 daily flights to terminals in ...

  Bloomberg Delta Air Lines Inc. said the computer failure that caused 2,300 flight cancellations last month cut sales about $100 million and reduced a key revenue figure. Passenger revenue for each seat flown a mile, an industry benchmark, fell 9.5 percent in August, in part because of the outage and subsequent recovery efforts, the carrier said in a statement ...

  Bloomberg United Continental Holdings Inc. surged after the surprise hire of American Airlines Group Inc.’s president strengthened its executive roster and won praise from industry analysts. Scott Kirby will help United close its profitability gap with American and Delta Air Lines Inc. in the next 12 to 18 months, Savanthi Syth, an analyst at Raymond James Financial, said in ...