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Southwest tumbles on bleak outlook for airfare pricing power

  Bloomberg Southwest Airlines Co. fell the most in three months and pulled down other carriers after reporting that a key revenue measure may tumble this quarter, raising doubts about a possible recovery in pricing power. Revenue from each seat flown a mile will decline as much as 5 percent in the last three months of the year after dropping ...

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Interjet may sell stake to United, American

  Bloomberg Interjet, Mexico’s third-biggest carrier, is in talks to sell an equity stake to American Airlines Group Inc. or United Continental Holdings Inc., said Chairman Miguel Aleman Velasco. Aleman Velasco declined to say how large a stake is for sale or what price it might fetch. No agreement has been reached, he told reporters Thursday in Mexico City. “We’re ...

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China’s ICBC suffers unexpected profit plunge

  Bloomberg Industrial & Commercial Bank of China Ltd., the world’s biggest lender by assets, let its bad-loan buffer sink further below a regulatory minimum to avoid reporting a bigger decline in third-quarter profit. ICBC’s bad-loan coverage ratio slumped to 136 percent, compared with a minimum of 150 percent, the bank told Hong Kong’s stock exchange. Net income fell 0.2 ...

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