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Aviation emission deal a win for airlines, less so for earth

  Bloomberg The United Nations accord reached to clean up pollution from international aviation may cost airlines as much as $23.9 billion annually by 2035. The companies see it as a victory. The landmark deal brokered in Montreal creates a global system requiring airlines to compensate for emissions growth after 2020 by funding environmental initiatives. That spares carriers from exactly ...

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Gap rallies after its Old Navy chain sales rebound

  Bloomberg Improvements in Old Navy’s product selection brought a sales surge to Gap Inc.’s biggest chain last month — and the stock’s biggest rally in almost eight years. The brand’s same-store sales gained 4 percent in September, Gap said. Analysts had projected growth of less than 1 percent, according to Retail Metrics. The results helped offset an overall sales ...

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Cathay Pacific flies Boeing 747 over Hong Kong one last time

  AFP Hong Kong flag carrier Cathay Pacific bid farewell to its Boeing 747 fleet with a final low-altitude flyby over the city’s iconic skyline. The final route harked back to dramatic images of the planes flying low over rooftops of apartment blocks as they used to approach the old airport on the harbour. The flight, codenamed CX8747, flew over ...

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