Bloomberg Summer living is supposed to be easy, according to George Gershwin, but millions of air passengers during this year’s peak travel season may beg to differ thanks to a confluence of events that are making airlines and airports nervous. The US carriers’ trade group, Airlines for America, estimates that a record 257.4 million people will fly from June 1 …

Bloomberg Billionaire founders of IndiGo, Asia’s biggest budget airline by market value, are debating “one issue,” the company’s chief executive officer said, days after local media reported the owners have fallen apart. “There are absolutely no differences on strategy, no differences on international expansion, no differences on management selection,” CEO Ronojoy Dutta said in a conference call with analysts. “There …

Bloomberg Chinese airlines seeking compensation from Boeing Co said the grounding of its 737 Max jet is on track to result in losses of more than $500 million for the carriers. The airlines could lose 4 billion yuan ($580 million) if the suspension lasts through June, Liu Shuguo, secretary general of the China Air Transport Association, said at a briefing …

Bloomberg UK consumers unexpectedly kept up spending last month as retail sales beat economists’ forecasts. The volume of goods sold in stores and online was unchanged following three consecutive months of gains, the Office for National Statistics (ONS) said. Expectations were for a 0.3 percent drop. The good news may not last. A separate survey for the month of May …

Bloomberg Nike Inc, responding to criticism that the brand treated its female athletes unfairly during pregnancy, vowed to better promote its policies and change a rule that resulted in women losing pay when they had children. The company is eliminating a performance requirement for “12 months for those athletes who decide to have a baby,” Nike Vice President Amy Montagne …

Bloomberg Rihanna revealed her first Fenty collection in Paris. She arrived wearing a blazer as a dress—the white canvas number had exaggerated shoulders and was cinched in at the middle with a built-in corset—paired with strappy going-out heels in gold leather, all from her new label. The mood was boss lady on top, party girl below. This mix of high …

Bloomberg The US isn’t ready to make a trade deal with China, President Donald Trump said while on a state visit to Japan. “I think they probably wish they made the deal that they had on the table before they tried to renegotiate it,” Trump said on Monday at a joint press conference in Tokyo alongside Japanese leader Shinzo Abe. …

Bloomberg Schlumberger Ltd had its debt rating lowered by S&P Global Inc as belt-tightening in the US shale patch translates into less drilling and fracking work for the world’s top oilfield services provider. The rating was cut a notch to A+, the fifth-highest invest grade, from AA-, S&P said. Its biggest rival, Halliburton Co., had its outlook revised to negative …

Bloomberg Sales of new US homes cooled in April from an 11-year high amid a surge in prices, adding to signs of softness in housing at the start of the quarter. Single-family home sales fell 6.9 percent to a 673,000 annualised pace, close to economist estimates following an upwardly revised March reading of 723,000, government data showed. The median sales …

Bloomberg Stocks rose in Europe on Monday and markets were mixed in Asia as investors mulled three weeks of global declines amid escalating US-China trade tensions. Core sovereign bonds in the European Union advanced after mainstream parties held their ground against populists in elections. The Euro Stoxx index rose, helped by Fiat Chrysler’s proposed merger with France’s Renault, which drove …