Aviation

  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 ...

  Bloomberg Ryanair Holdings Plc could snap up more Boeing Co. 737s should other carriers shy away from orders amid softening demand, Chief Executive Office Michael O’Leary said. Ryanair is interested in sourcing extra single-aisle planes, even though it has 115 current generation 737-800s due for delivery over the next few years followed by 100 updated 737 Max 200s arriving ...

  Bloomberg Deutsche Lufthansa AG and Air China Ltd. plan to finalize a joint venture this month, sealing a deal to share revenue and coordinate routes after more than two years of negotiations, people familiar with the plan said. Lufthansa Chief Executive Officer Carsten Spohr will travel to Beijing to attend a signing ceremony scheduled for Sept. 20, said the ...

  Bloomberg Qatar Airways said it’s poised to make a major jetliner purchase, adding to a backlog of more than 340 outstanding orders for Boeing Co. and Airbus Group SE planes. The Gulf carrier will place a “large” aircraft order “soon,” Chief Executive Officer Akbar Al Baker said at a briefing in Doha, without elaborating on the number or class ...

  Bloomberg Korean Air Lines Co. estimated losses on its investments in Hanjin Shipping Co., which applied for court receivership, at more than a third of projected operating income for this year. Losses on loans and an equity stake in the container shipping line will be as much as 383.3 billion won ($344 million), Korean Air Lines said in a ...

  Bloomberg Airlines in China, the world’s second-biggest aviation market, plan to exercise stricter control over their costs and debt structures as part of measures to cope with a weaker yuan and stiffer competition. China Eastern Airlines Corp. will strengthen research on oil prices and exchange rates, the carrier said, a day after China Southern Airlines Co. said it will ...

  Bloomberg American Airlines Group Inc. delayed one of the last major steps in fully blending its operations with those of merger partner US Airways, saying the work is more complex than originally expected. The Fort Worth, Texas-based airline doesn’t have a new target date for integrating operations for its flight attendants, which had been set for spring of 2017, ...

  Bloomberg Boeing Co. skipped raising airplane prices for the first time in seven years as it contends with demand cooled by economic uncertainty, cheap oil and a glut of twin-aisle aircraft. The US planemaker typically adjusts its catalog prices for commercial aircraft once a year to reflect an internal formula that takes into account increases in the costs of ...