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American Airlines fined $1.6mn for tarmac delays

  Bloomberg American Airlines Group Inc. was ordered to pay $1.6 million in penalties and fines to settle charges it trapped passengers on 27 flights that were delayed for more than three hours on the ground. The penalties equal the previous record for violations of tarmac-delay regulations that Southwest Airlines Co. paid after reaching an agreement with the Department of ...

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SAS to cut 1,000 jobs as fuel, competition hamper earnings

  Bloomberg SAS AB plans to cut 1,000 administrative jobs and double its cost-savings target as the Nordic airline prepares for rising fuel prices and intensifying competition that’s lowering fares and hampering earnings growth. Profit in the fiscal first quarter, which started Nov 1, will decline from a year earlier following “more demanding” trading conditions in the autumn autumn, Stockholm-based ...

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RBS seeks EU consent for smaller Williams & Glyn sale

  Bloomberg Royal Bank of Scotland Group Plc is seeking to sell a smaller chunk of its Williams & Glyn consumer-banking unit after failing to draw any offers for the entire operation, a person with knowledge of the matter said. The UK government, which own 72 percent of RBS, is seeking European Union approval for the sale of a smaller ...

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