Bloomberg Aerospace and innovation have gone hand-in-hand since the days of Orville and Wilbur Wright. Airplanes were once simple metal tubes powered by propellers. Long-haul flying meant four engines and at least three pilots on the flight deck at all times. Today, aircraft only require two pilots and are built mostly of carbon composites. Even on the longest routes—more than ...

Bloomberg American Airlines Group Inc. tumbled to the lowest in more than two years amid doubts over whether recent fare gains will be enough to cover the upward trek of oil prices. The carrier’s average cost of jet fuel rose to as much as $2.33 a gallon in the third quarter, up from an earlier forecast of $2.27 or less, ...

Bloomberg Ikea plans to expand to about a dozen new markets in the coming years, including branching into South America, as the Swedish furniture giant aims to reach a total of 3 billion potential customers by 2025. The company will in the coming years open stores in Chile, Colombia and Peru through a new Ikea franchisee called Falabella as part ...