Aviation

Bloomberg Wizz Air Holdings Plc will deepen cuts to its summer schedule, doubling down on efforts to combat disruption from a staffing squeeze that’s upended Europe’s transport industry. After announcing a 5% reduction in peak-season seating, Wizz, the region’s third-biggest discount carrier, will extend the cuts to about 10%, Chief Executive Officer Jozsef Varadi said. “We’ve been going through some ...

  Bloomberg With a fateful vote a day away, Spirit Airlines Inc is standing alone at the altar despite having two suitors that have spent months trying to acquire the low-cost carrier. Spirit’s proposed merger with Frontier Group Holdings Inc doesn’t have enough support from shareholders, and the acquirer has said it’s not sweetening the terms of the deal any ...

  Bloomberg General Electric (GE) Co beat Wall Street’s expectations for second-quarter profit and reported surprise positive cash flow as sales at the key jet-engine division soared, buoying the conglomerate despite supply woes that continue to pressure the balance sheet. GE Aerospace’s sales jumped 27% while orders climbed 26% in the period, the company said in a statement, as rebounding ...

Bloomberg EasyJet Plc said disruption to travel driven by staff shortages, soaring demand and caps on airport capacity forced it take a £133 million charge in the fiscal third quarter, while stating operations would now be smoother over the peak summer period. The UK low-cost carrier still operated 95% of its planned schedule in the three months through June despite ...

  Bloomberg London Heathrow airport said airlines need to hire ground staff more aggressively to help overcome persistent travel disruptions, warning that a cap on flights to ease the chaos might have to stay in place for at least another year. “This is not going to be a quick fix,” CEO John Holland-Kaye said. “It’s absolutely possible that we could ...

Bloomberg Deutsche Lufthansa AG’s ground-crew union called a strike for Wednesday, escalating a crisis at Europe’s biggest airline after staffing shortages caused thousands of flights to be cancelled earlier in the summer. The Verdi labour group called for members to take part in industrial action at Lufthansa’s German airport bases, a move that could see check-in personnel and other staff ...

  Bloomberg Regulators are directing US operators of Boeing Co 777 widebody jets to repair aircraft to address concerns about potential fuel-tank explosions, according to a filing. A proposed airworthiness directive from the US Federal Aviation Administration (FAA) calls for operators to inspect the jets and install Teflon sleeves and cap fasteners to certain parts of the centre, left and ...

Bloomberg Ryanair Holdings Plc said passengers remain cautious about booking, clouding its prospects beyond a summer travel boom in which it’s suffering less disruption than many of its rivals. Europe’s largest discount airline posted a profit for the first quarter through June that beat analyst estimates, and is sticking with plans to lift capacity beyond pre-Covid levels even as other ...

  Bloomberg Nearly 2,500 members of a union that represents three Boeing Co defense locations in the St Louis area voted to reject the company’s contract offer and plan to strike starting on August 1. “We cannot accept a contract that is not fair and equitable, as this company continues to make billions of dollars each year off the backs ...

  Bloomberg Hong Kong will require travellers to the city to fill out an electronic health declaration form before boarding a flight, no longer allowing them to do the paperwork after landing, in an effort to make the process more efficient. The new system will begin from July 28 on a trial basis, the government said in a statement. In ...