BLOOMBERG US passenger airline shares sank by the most since July after American Airlines Group Inc and discount carriers warned that higher fuel costs, labour costs and flagging interest in domestic travel were hurting their bottom lines. American slashed its third-quarter earnings outlook on a jump in jet fuel prices and payment of roughly $230 million in retroactive salary under ...

BRUSSELS / WAM Members of European Parliament (MEPs) approved a new law to increase the uptake of sustainable fuels, such as advanced biofuels or hydrogen, in the aviation sector. The RefuelEU aviation rules are part of the “Fit for 55 package”, the EU’s plan to reduce greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels and ...

NEW YORK / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, will lead the United Arab Emirates’ delegation to the 78th Session of the United Nations General Assembly (UNGA78) in New York from September 18-26. HH Sheikh Abdullah will present the UAE’s policy priorities and vision for international peace, security, and cooperation in his  September ...