Bloomberg American Airlines Group Inc surged, leading an industry rally after saying that corporate and international flying are coming back and that it will be profitable this quarter. The upbeat outlook came as American reported that first-quarter revenue rebounded to 84% of pre-pandemic levels as offices reopened and travel restrictions were lifted across the globe. Sales this quarter will exceed ...

  Bloomberg India will finalise the sale of state-owned helicopter service provider Pawan Hans Ltd and has received bids from companies including JSW Steel Ltd and Jindal Steel & Power Ltd, according to people with the knowledge of the matter. A group of officials headed by Cabinet Secretary Rajiv Gauba was expected to meet to pick the winning bid, the ...

  Bloomberg A new budget carrier meant to be the first international customer for China’s homegrown passenger jet is going with Airbus SE for its first plane, the carrier’s website shows. Indonesian low-cost carrier PT TransNusa Aviation Mandiri may eventually have as many as six Airbus jets in its fleet, with a second due to arrive next month, a person ...

Bloomberg Thailand will scrap a mandatory Covid test on arrival as the Southeast Asian nation rolls back some of the pandemic-era measures seen as deterring global tourists. The RT-PCR tests will be replaced with a voluntary self-administered antigen tests for those entering via air and land borders from May 1, Taweesilp Visanuyothin, a spokesman for the nation’s main virus task ...

  Bloomberg Eswatini, Africa’s last absolute monarchy, is set to launch a flag-carrier airline almost a quarter of a century after the previous one ceased operations in the country formerly known as Swaziland. Eswatini Air will fly from national capital Mbabane to cities such as Johannesburg and Cape Town in neighboring South Africa starting later this year, Qiniso Dhlamini, chief ...

  Bloomberg Amazon.com Inc struck deals to boost its access to renewable energy by almost a third as the company looks to get all of its power from green sources within a few years. The retail giant will buy power from 3.5 gigawatts of new projects — mostly solar farms in the US — to supply its offices, warehouses and ...

Bloomberg A senior US diplomat again warned China of sanctions if it offers “material support” for Vladimir Putin’s war in Ukraine, while also pledging to help India end its dependence on Russian weapons. China wasn’t helping the situation in Ukraine by doing things like amplifying Russian disinformation campaigns, US Deputy Secretary of State Wendy Sherman said at an event in ...

  Bloomberg Japan reinstated a reference to Russia’s “illegal occupation” of disputed islands in its annual diplomatic report for the first time in 19 years, as relations between the neighbours turn increasingly hostile following the Kremlin’s invasion of Ukraine. The two countries have been locked in a territorial dispute over a group of islands known as the southern Kurils in ...

Bloomberg Emmanuel Macron is closer to winning another term at the helm of Europe’s second-largest economy as nationalist leader Marine Le Pen runs out of time to narrow the gap between them before the presidential runoff ballot. Both candidates are holding their last rallies in areas where they came out on top in the first round two weeks ago — ...

Bloomberg Sri Lankan lawmakers backing President Gotabaya Rajapaksa said they’re willing to consider constitutional changes submitted by his opponents, including clipping his executive powers, signaling a softer stance as the government faces public anger over rising living costs. The government “is ready to work with parliament on constitutional amendments and proposals submitted by various parties which should be published for ...