Bloomberg Canada, already the nation’s top-performing industrial stock this year, surged again after raising its profit outlook as the airline’s international expansion bolsters demand. The addition of 16 overseas and US routes is drawing more passengers using Canada as a stopover on their way to other destinations, the company said in a statement. Air Canada said it flew close to ...

Bloomberg Warren East’s reboot of struggling industrial giant Rolls-Royce Holdings Plc gathered pace as the aircraft-engine maker’s first-half profit more than doubled, aided by the chief executive’s restructuring plan. At the same time, East left his 12-month outlook for “modest” performance improvements unchanged in guidance on Tuesday, warning that the London-based company faces production hurdles in the second half that ...

Bloomberg The major US airlines that allege unfair competition by Persian Gulf rivals can’t show that new flight routes are costing US jobs, allies of the Middle Eastern carriers told Secretary of State Rex Tillerson. Opening discussions with the governments of the United Arab Emirates and Qatar over trade claims could hurt travel and tourism and encourage other countries to ...