Aviation

BLOOMBERG Southwest Airlines Co pilots will vote next month on a proposed new contract that would boost pay 50% over the five-year term of the deal and could end a multiyear round of negotiations and protests at the four largest US carriers. The board of the Southwest Airlines Pilots Association decided to send the agreement to its roughly 11,000 pilots ...

BLOOMBERG Airbus SE and Boeing Co are rounding out the year with a flurry of major orders, smashing records in one of the most active purchasing periods in recent memory that stretches their production lines well into the next decade. Deutsche Lufthansa AG said it ordered as many as 200 short-haul aircraft from the two manufacturers, in a deal the ...

BLOOMBERG Soaring demand for travel this winter is boosting refiners’ margins for making jet fuel in Asia, providing a bright spot for the oil market even as the outlook for other transport fuels weakens. The post-pandemic recovery of air travel is gaining pace in China and India, while the US is expecting to see record travel demand during the holiday ...

BLOOMBERG FedEx Corp reported profit below analyst expectations as cost cuts weren’t enough to make up for volume declines at the air-freight unit amid a lingering cargo recession. The company lowered its sales forecast for the fiscal year ending on May 31. Adjusted earnings were $3.99 a share, the Memphis, Tennessee-based company said in a statement. Analysts had expected $4.19. ...

BLOOMBERG Shortly after reporting a quarterly loss, SpiceJet Ltd has announced it is considering acquiring the insolvent Go Airlines India Ltd, which stopped flying in May, with a goal of possibly combining the two airlines. The no-frills carrier is planning to submit an offer after conducting due diligence of Go, it said in a stock exchange filing on Tuesday. SpiceJet ...

BLOOMBERG The US Department of Transportation (DOT) fined Southwest Airlines Co $140 million for violating consumer protection laws, nearly a year after a late December meltdown of its operations during a storm stranded more than 2 million passengers. The DOT said the penalty is 30 times larger than any other consumer protection violation fine it’s issued. Most of the money ...

BLOOMBERG China displayed its aircraft-manufacturing credentials by conducting a flyby of Hong Kong’s Victoria Harbour with a domestically made passenger plane designed to take on Airbus SE and Boeing Co narrowbodies. Commercial Aircraft Corp of China Ltd, the official name of planemaker Comac, flew its C919 jet around the harbor in two loops on Saturday morning, going as low as ...

BLOOMBERG Indian carrier SpiceJet Ltd reported a net loss of 4.32 billion rupees ($52 million) for the three months through September, ending a run of three quarters of profits as more than a third of its planes were grounded. Second-quarter revenue fell 27% from a year earlier to 14.3 billion rupees, while total costs fell by the same amount to ...

BLOOMBERG Another Indian airline backed by a billionaire is on the brink of shutting down for good, having tried and so far failed to attract a savior after entering bankruptcy protection in May. Go Airlines India Ltd’s chances are fading. Chief Executive Officer Kaushik Khona quit at the end of November, saying he couldn’t get the carrier flying again and ...

BLOOMBERG Boeing Co delivered 46 of its 737 family jets in November, its largest such tally in five months, leaving the manufacturer just 24 aircraft short of its revised annual target. The US planemaker has stepped up its delivery tempo as it streamlines inspections of a supplier defect in some 737 Max models and works to clear already built aircraft ...