Bloomberg The airline industry will return to profit next year as pent-up demand for travel sustains bookings even as the global economy tightens, the International Air Transport Association (IATA) trade group predicted. Losses this year are likely to total $9.7 billion as air travel begins its recovery from the coronavirus crisis, IATA said in an update at its annual meeting, ...

Bloomberg Airbus SE and Qantas Airways Ltd will make a joint investment aimed at kick-starting Australia’s sustainable aviation fuel industry. The planemaker and airline plan to invest as much as $200 million to accelerate the adoption of SAF in the country, they said. “The use of SAF is increasing globally as governments and industry work together to find ways to ...

  Bloomberg Berjaya Food Bhd, which operates Starbucks and chicken-based restaurant chain Kenny Rogers Roasters outlets across Malaysia, is looking to curb costs internally rather than pass on rising production costs to consumers. “For us, the last thing we want to do is increase prices. Consumers feel it if you pass the cost” to them, Group Chief Executive Officer Sydney ...