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Airbus boosts its financial targets for 2nd time in 2021

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Bloomberg Airbus SE boosted its financial targets for the second time this year while confirming a production ramp-up that would cement the European planemaker’s advantage over Boeing Co. The shares rose as much as 3.2% after Airbus said adjusted operating profit will reach $5.2 billion in 2021. The company reversed some of the charges it took for Covid-19 disruptions as ...

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American Air cancels 460 flights amid bad weather

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Bloomberg American Airlines Group Inc cancelled 460 flights after weather conditions affected its staffing needs. The cancellations made up 9% of its mainline and regional flights, it said. With two days of severe weather at its Dallas-Fort Worth hub, its arrival capacity was cut by more than half, it said. The weather conditions also meant it could use just two ...

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Argentina’s domestic flight traffic not to recover until mid-2022

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Bloomberg Argentina’s flagship carrier expects domestic operations to reach pre-pandemic levels by July of next year, according to its top executive. Aerolineas Argentinas President Pablo Ceriani said flights to tourist destinations within the country, from Patagonia in the south to Iguazu Falls in the northeast, are picking up faster than expected as the country emerges from one of the longest ...

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