Bloomberg China is set to overtake the US to become the world’s largest aviation market by passengers by 2024 as more people take to the skies domestically and internationally, according to the International Air Transport Association. The number of people flying to, from and within China will almost double to 927 million annually by 2025, from 487 million last year, ...

  Bloomberg Deutsche Lufthansa AG raised its 2016 profit forecast after premium-class bookings beat the airline’s expectations and as fuel costs decline. The stock rose the most in eight years. Adjusted earnings before interest and taxes this year will about match the 2015 figure, bolstered by a projected decrease of 140 million euros ($154 million) in fourth-quarter fuel expenses, the ...

  Bloomberg Canada’s plane and train maker Bombardier said it was cutting 7,500 jobs, its second major layoff announcement this year following delays in deliveries of its C-series airplanes. The job cuts, to be completed by the end of 2018, are expected to mostly hit administrative posts, with two-thirds from the transport division, a Bombardier spokesman said. These layoffs come ...