Bloomberg More people are flying in more expensive cabins for leisure trips despite airfares rising on surging oil prices and demand, and that’s helped offset a slower recovery in business travel, according to the International Air Transport Association (IATA). reporters in Singapore. “Consumers had disposable income during the two years of the pandemic. People have saved and therefore they are …

  Bloomberg The black box for a China Eastern Airlines Corp jet that crashed earlier this year suggests the Boeing Co plane took an intentional nosedive, the Wall Street Journal said. Data recovered from the black box suggest that someone in the cockpit input controls that sent the plane into its deadly descent, the Journal reported, citing people familiar with …

  Bloomberg The Walton family fortune tumbled almost $19 billion after Walmart Inc slashed its profit outlook. Walmart, controlled by the family, fell 11% in New York trading after the Bentonville, Arkansas-based company reported earnings that lagged analysts’ estimates. Soaring inflation heaped pressure on the retailing giant’s profit margins in the first quarter, testing the company’s appetite to raise prices. …