Inflation in the euro area surged to 8.1% in the year to May, yet again higher than expected. Up to now, despite signs that inflation was getting entrenched, the European Central Bank (ECB) had chosen to stand pat. It had its reasons, but they’re no longer persuasive. The ECB’s task is difficult, to put it mildly — and only ...

Bloomberg Frontier Group Holdings Inc sweetened the terms of its takeover offer for Spirit Airlines Inc and won support from a key proxy advisory firm, giving the ultra-discount carrier new momentum as it tries to fend off a rival bid by JetBlue Airways Corp. Frontier agreed to pay $250 million, or $2.23 a share, to Spirit if the deal collapses ...

  Bloomberg Boeing Co won’t launch a new jetliner any time soon to address Airbus SE’s widening sales lead in the narrow-body market, Chief Executive Officer Dave Calhoun said. Prominent customers like Air Lease Corp founder Steven Udvar-Hazy have been calling on Boeing to get moving on the mid-sized aircraft family Calhoun tabled two years ago. But there are no ...