Business

Economic heavyweight Boeing hammered by dual crises

Boeing lost $52 billion on the stock market in a week, a rout that underscores the challenges facing the aircraft manufacturer amid setbacks over the 737 MAX and the coronavirus pandemic.

Business

US judge blocks JetBlue-Spirit airlines merger

A US federal judge on Tuesday ruled against JetBlue's $3.8 billion takeover of low-cost carrier Spirit Airlines, saying that the deal would reduce competition.

Business

Brazil's Embraer announces 3rd quarter loss

Brazilian plane-maker Embraer announced on Monday a third quarter loss of 160.4 million reais ($30.2 million) due to falling revenue in its defense and security sectors.

Business

Lufthansa strike causes travel turmoil in Germany

Lufthansa passengers faced massive travel disruption Wednesday as a strike led the German airline group to cancel almost all its flights from its domestic hubs in Frankfurt and Munich.

Business

Aviation faces hurdles to hit goals for cutting emissions

Airplanes are a minor contributor to global greenhouse-gas emissions, but their share is sure to grow as more people travel in coming years—and that has the aviation industry facing the prospect of tighter environmental ...

Business

United Airlines loses $1.4B in 1Q, but expects profit in 2Q

United Airlines reported Wednesday that it lost $1.38 billion in the first quarter of 2022 but said it expects to return to profitability in the current three-month period as post-pandemic travel ramps back up.

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