Bloomberg Japan Airlines Co. has decided to go head-first into the home turf of Asia’s largest low-fare carrier. The Japanese operator, which is starting its own budget carrier next month, will begin flying to Southeast Asia initially, Masaru Onishi, a director at Japan Airlines, said in an interview in Sydney. The new company will be able to lower per-seat costs …

Bloomberg The International Air Transport Association (IATA) cut its profit target for the global aviation market this year, predicting lower returns than six months ago as rising fuel prices and labour costs eat into the industry. Net income for 2018 is likely to total $33.8 billion, 12 percent lower than a December forecast for $38.4 billion, the industry’s main trade …

Bloomberg By putting his son Antoine in charge of image and communication, Bernard Arnault is sending a powerful message: LVMH, the world’s largest luxury goods maker, needs to make room in its executive ranks for the owner’s family. Arnault sent a memo to employees on June 1 announcing Antoine’s new responsibilities, a copy of which was seen by Bloomberg News. …