Recent Posts

American Airlines goes all-in on its $15b debt-cutting plan

BLOOMBERG The new chief financial officer of American Airlines Group Inc has a message for skeptical voices in the credit community as the company seeks to secure a ratings upgrade: The $15 billion debt-cutting plan is on track. After spending around $24 billion to upgrade its fleet in the run-up to the pandemic, following a bankruptcy and the merger with ...

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Geothermal power keeps Iceland warm

BLOOMBERG Beneath the road on a snow-dusted mountain in the Hellisheiði region of southwest Iceland, a river of boiling water flows through porous, volcanic rock. Above, thick steel pipes connect to geodesic domes, each of which houses a geothermal well. Steinþór Níelsson, a senior geologist with ISOR (Iceland Geosurvey), parks his car near one of the rounded huts. He and ...

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India’s delayed LNG terminals present hurdle to Modi’s gas goal

BLOOMBERG Several of India’s proposed liquefied natural gas import projects are grappling with delays, posing a fresh challenge to Prime Minister Narendra Modi’s plans to boost use of the fuel. Two floating import terminals missed commissioning targets last year after LNG prices skyrocketed, reducing demand and disrupting import plans, Ayush Agarwal, analyst with S&P Global, said during a media roundtable. ...

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