Bloomberg British Airways owner IAG SA warned that challenges facing the European airline industry are set to continue into 2020 after cutting profit guidance for this year. IAG lowered capacity growth in the final quarter and will provide details in November of a decrease next year, Chief Executive Officer Willie Walsh said on a call with analysts. Earnings for this ...

Bloomberg TUI AG is taking steps to expand its winter jetliner fleet to meet increasing demand for package holidays following the collapse of UK rival Thomas Cook Group Plc. The world’s biggest tour operator is working to retain leased aircraft it has been operating through the summer in preparation for an anticipated surge in bookings, Chief Executive Officer Fritz Joussen ...

Bloomberg Saudi Arabia is recovering faster than expected from the biggest attacks ever on its oil industry, beating its own target for restoring capacity by about a week. State oil producer Saudi Aramco has boosted total production capacity to more than 11 million barrels a day, according to people with knowledge of the situation. The news helped to push crude ...