Bloomberg The airline industry should prepare for chaos if no trade agreement is signed in the coming weeks for the UK’s planned split from the European Union, the head of the sector’s trade body has warned. The International Air Transport Association detailed its concerns in a report on Brexit. These include airline landing rights in the UK, pilot licenses and ...

Bloomberg Boeing Co. revved up cash flow and raised its profit forecast, soothing shareholder concerns over an operating loss in its defense business and production stumbles with the company’s best-selling 737 jets. Free cash flow jumped 37 percent to $4.1 billion in the third quarter, more than double analysts’ estimates. The planemaker also reported higher-than-expected earnings, raised its annual profit ...

Bloomberg The losses that drove Sears Holdings Corp. into bankruptcy could end up being a valuable multi-billion dollar asset because of tax breaks — especially for its most notable creditor and Chairman, Eddie Lampert. As of the retailer’s bankruptcy on October 15, Sears estimated it had net operating losses it could use to offset $5 billion of future taxable income, ...