Recent Posts

Qantas plans to hire 8,500 workers over next decade

BLOOMBERG Qantas Airways Ltd plans to hire 8,500 more workers in the next decade, about the same number it cut during the pandemic, underscoring aviation’s growth trajectory less than a year after the crisis. The additional roles include pilots, cabin crew and airport staff. With potentially more than 300 new aircraft arriving in the next 10 years, Qantas also plans ...

Read More »

American Airlines goes all-in on its $15b debt-cutting plan

BLOOMBERG The new chief financial officer of American Airlines Group Inc has a message for skeptical voices in the credit community as the company seeks to secure a ratings upgrade: The $15 billion debt-cutting plan is on track. After spending around $24 billion to upgrade its fleet in the run-up to the pandemic, following a bankruptcy and the merger with ...

Read More »

Geothermal power keeps Iceland warm

BLOOMBERG Beneath the road on a snow-dusted mountain in the Hellisheiði region of southwest Iceland, a river of boiling water flows through porous, volcanic rock. Above, thick steel pipes connect to geodesic domes, each of which houses a geothermal well. Steinþór Níelsson, a senior geologist with ISOR (Iceland Geosurvey), parks his car near one of the rounded huts. He and ...

Read More »
Send this to a friend