Bloomberg Delta Air Lines Inc.’s Ed Bastian, the incoming chief executive officer, said he has seen too many bad bets on the price of fuel for the carrier to start hedging again soon. “The reason we haven’t hedged for the last year and a half is there’s just too much volatility, and we’ve been burned,” Bastian said in an ...

  Paris / AFP Air France-KLM’s board of directors have appointed Jean-Marc Janaillac, the current head of French transport group Transdev, as the group’s new chief executive following the surprise resignation of Alexandre de Juniac. “The board has decided that MrJanaillac will be co-opted as a group director when Mr de Juniac leaves office on July 31 at the latest. ...

  JOHANNESBURG / AP South African shoppers flocked to the opening of one of Africa’s largest malls outside Johannesburg, despite rising unemployment and slowing economic growth. The Mall of Africa, which was opened last Thursday, spanning 130,000 square meters (140,000 square feet) registered 68,000 visitors, a spokesman for the mall’s owners said. “We did expect a high number but this ...

  Bloomberg Air Canada surged the most in two years after reporting an unexpected first-quarter profit and saying a key earnings measure would rise to a record this year. Adjusted profit was 30 Canadian cents a share, the country’s largest carrier said in a statement that was released recently. Analysts expected a loss of 19 Canadian cents, according to the ...

  Bloomberg InterGlobe Aviation Ltd., the operator of India’s biggest airline IndiGo, slumped in Mumbai after President Aditya Ghosh told analysts that a cooling issue faced by some engines powering the A320neo jets has the potential to hurt the carrier’s low-cost model. Shares of the company fell 5 percent to Rs.1,022.25 in Mumbai after tumbling as much as 6.5 percent ...

  Ritika Sharma / Emirates Business From China to Poland and from Italy to Kuwait, the world literature has come on one common platform at 26th edition of Abu Dhabi International Book Fair (ADIBF), which enters its last day on Tuesday. With 63 countries participating, the event brings together a unique experience for literature lovers from all walks and ages. ...

  Ritika Sharma / Emirates Business Highlighting the e-trends in publishing, Abu Dhabi International Book Fair (ADIBF) this year is exhibiting the best of technology in use in the industry worldwide. One such trend, which is fast catching up globally, is of online books and libraries. However, experts say that the region needs to catch up with the pace at ...

  Sunaina Rana / Emirates Business Abu Dhabi International Book Fair (ADIBF) featured a very interesting corner that attracted hundreds of visitors. The ‘Illustrator’s Corner’ is one of the most vibrant sections where creativity and imagination merge together with an utmost ease. One of the most buzzing corners of the exhibition venue, this place highlighted various activities that demonstrate their ...

  Abu Dhabi / WAM The UAE’s Ministerial Development Council, presided over by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, discussed the establishment of the International Centre for Registration of Patents, reflecting the UAE government emphasis on innovation and competitiveness at various levels in accordance with the UAE National Innovation Strategy launched ...

  ABU DHABI / WAM Tasneef, the first certified Arab classification society, and Abu Dhabi Ship Building (ADSB), a leading provider of construction, repair and refit services for naval, military and commercial boats, on Sunday signed a Memorandum of Understanding, (MoU) creating a framework for future collaboration to strategically develop the naval construction and services industry across the region. The ...