Bloomberg American Airlines Group Inc. trimmed expansion plans in an effort to bolster fares and placate investors by keeping capacity in line with demand. The carrier also joined United Airlines in providing preliminary third-quarter results of a key financial measure that were better than their forecasts, indicating that U.S. carriers are moving closer to increasing sales from each seat ...

  London / AFP British airline Monarch on Wednesday won a cash injection from its owner, allowing the carrier to continue flying holidaymakers amid Brexit-fuelled industry turbulence. Investment firm Greybull Capital has pumped another £165 million ($203 million, 184 million euros) into Monarch, enabling the airline to retain its licence to carry on selling package holidays, it said in a ...

  Bloomberg MTN Group Ltd., the South African wireless carrier with $1 billion stuck in Iran, agreed to make an investment of 20 million euros ($22 million) that will support Snapp.ir, the Islamic Republic’s first cab-hailing smartphone application. The funds “will allow us to quickly expand to other cities” than Tehran, Snapp Chief Executive Officer Shahram Shahkar said by e-mail ...