For decades, US companies have been making a significant omission in their financial statements: They’ve failed to recognize and disclose the full cost of climate change. This matters not only for the planet’s future, but also for investors today. It makes some businesses look more profitable than they really are, and it prevents others from realizing the value of ...

Bloomberg Airbus SE won one of its biggest-ever orders for 292 airliners worth more than $37 billion from four Chinese airlines, a coup for the European manufacturer as it tussles with Boeing Co. for dominance in Asia’s largest economy. China Eastern Airlines Corp. will buy 100 A320neo narrow-body jets, while Air China Ltd. will take 64 units, with its Shenzhen ...

Bloomberg Air fares are “too cheap” and will need to rise for the next five years for airlines to remain competitive, Ryanair Chief Executive Officer Michael O’Leary told the Financial Times in an interview. Ryanair under O’Leary pioneered the era of budget travel, offering cheap tickets that made air travel accessible to millions, while putting pressure on the profit margins ...