February, 2018

• 26 February

  London hubs could add 30 million passengers without new runways

  

  Bloomberg Two of London’s three biggest airports said they could add almost 30 million more passengers between them yearly without requiring extra runways. Stansted, the biggest hub for Ryanair Holdings Plc, plans to apply to raise a cap on annual passenger numbers by almost one-quarter to 43 million, owner Manchester Airports Group said in a statement. That would be 17 …

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• 26 February

  Airbus super-jumbo sheds financial weight in revamped state aid deal

  

  Bloomberg Airbus SE’s revised deal with the countries that helped fund the A380 superjumbo almost two decades ago will help save the European planemaker more than $1.4 billion, according to a regulatory filing. Future obligations for refundable advances declined by about about 17 percent to an estimated $7.3 billion, Airbus said in its annual financial statements. While the balance includes …

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• 26 February

  Southwest to review support animals in wake of dog bite of child onboard

  

  Bloomberg Southwest Airlines Co. is reviewing its policies on emotional support and service animals after a dog bit a young girl on the forehead aboard one of its planes. The dog was in the first row of seats against a bulkhead when the girl, about six years old, approached it after the owner had asked her to stay back, said …

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• 25 February

  Stock recovery gets its groove back after a week of false starts

  

  Bloomberg Bulls wondering if a rally would ever hold again got an answer on February 23, as a rousing advance in the S&P 500 salvaged the week and nearly erased losses from the worst day of the February selloff. Following three days in which every gain proved ephemeral, the 1.6 percent surge left the benchmark gauge for US equities up …

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• 25 February

  Austria seeks Bitcoin rules based on gold

  

  Bloomberg Austria’s finance ministry is looking at the trading rules for gold and derivatives as inspiration for drawing up regulations on cryptocurrencies for the nation and for the European Union (EU). The goal is to prevent Bitcoin and similar virtual currencies from facilitating money laundering—a crime that’s no stranger to the precious metals business— and to bring trading platforms under …

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• 25 February

  Pratt reins in threat to $10bn jet-engine programme

  

  Bloomberg Pratt & Whitney succeeded in tamping down the latest crisis to threaten its $10 billion next-generation jet-engine program, with a temporary fix that will keep Airbus SE planes flying until a permanent solution is found. Pratt, a unit of United Technologies Corp., scrapped a newly introduced seal that caused engine vibrations and took almost a dozen Airbus A320neos out …

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• 25 February

  British Airways owner presses on with expansion in crowded skies

  

  Bloomberg British Airways owner IAG SA is following European rivals in a capacity splurge led by an expansion of its low-cost Level and Aer Lingus long-haul divisions, while going on the offensive in Europe. The shares fell as much as 3.9 percent in London, mirroring the reaction when rival Air France similarly said this month that it would charge ahead …

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• 25 February

  Subway’s ‘$2-off plan’ aims to reverse slump

  Bloomberg Subway Restaurants, facing one of the biggest sales slumps in its five-decade history, is looking to win back customers with a new incentive: $2 discounts through a revamped loyalty program. The sandwich chain will let diners use their loyalty rewards on any menu items, lifting restrictions under the current programme. The new system, which will expand to 28,500 US …

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• 25 February

  Delta, United latest to cut NRA ties amid calls for boycott

  

  Bloomberg Delta Air Lines Inc. and United Continental Holdings Inc. became the latest companies to cut ties with the National Rifle Association after a call to boycott the lobbying group became a top trend on Twitter. The online furor continued into the weekend after the NRA’s leaders attacked the media and Democrats, claiming the fallout from last week’s Florida high …

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• 25 February

  Libya oil field halt slows exports, sending crude prices higher

  

  Bloomberg Libya’s oil exports from the Mellitah terminal will be “modified” after protests disrupted production at the key El-Feel deposit for the first time in two months, putting the OPEC nation’s crude production at risk of a decline again. Crude loadings at Mellitah, the export terminal for El-Feel, will be “modified” after force majeure was declared on deliveries from the …

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