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EU lands jet-fuel deal to start decarbonisation of air travel

BLOOMBERG The European Union (EU) reached a deal to spur the use of more climate-friendly jet fuels in a bid to gradually start bringing the aviation sector in line with its green goals. Negotiators from the European Parliament and member states agreed that the share of sustainable aviation fuels made available in the region’s airports should total 6% by 2030, ...

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Japan’s ANA rebounds from Covid-19 with first annual profit since 2020

BLOOMBERG ANA Holdings Inc reported operating income of 120 billion yen ($897 million) for the  full year through March, its first annual profit since the 12 months ended on March 2020 thanks to a rebound in travel demand. Japan’s biggest airline also gave a better-than-expected forecast for the coming year, saying operating profit should rise to 140 billion yen, compared ...

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Puma posts rising sales in China, Europe after margins narrow

BLOOMBERG Puma SE reported rising sales on demand for sneakers in Europe and its first growth in China in two years, while cautioning that profit margins will remain under pressure from higher costs. Revenue climbed 14% to €2.19 billion ($2.41 billion) in the first quarter, the company said, slightly ahead of the average analyst estimate. Still, the gross margin narrowed ...

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