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China airlines to sell bonds as yuan weakens

  Bloomberg China’s airlines, rushing to pare dollar debt as a weakening yuan adds to servicing costs, are selling local-currency bonds at the fastest pace since 2009 to trim their exposure to the greenback. The nation’s carriers, led by China Eastern Airlines Corp., have sold a combined 106.3 billion yuan ($16 billion) of bonds in the first seven months of ...

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Lufthansa sees difficult second half as terror damps demand

  Bloomberg Deutsche Lufthansa AG’s average ticket prices fell in the second quarter as a drop in demand stemming from terrorist attacks in Europe was met by too much seating across the airline industry. Yields excluding currency fluctuations, a measure of average fares, declined 0.8 percent in the second quarter, the German carrier said Tuesday. That caused unit revenue, the ...

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IndiGo considers slowing deliveries

  Bloomberg IndiGo, the biggest customer for Airbus Group SE’s A320neo jets, is considering slowing deliveries of the single-aisle aircraft to give supplier Pratt & Whitney more time to make improvements to the model’s engines. Shares fell in Mumbai. The Indian carrier may seek the delivery slowdown “to allow Pratt & Whitney to catch up on the production of upgraded ...

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