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

Travel giant Expedia sends CEO packing after weak results

Online travel giant Expedia announced the immediate departures Wednesday of chief executive Mark Okerstrom and chief financial officer Alan Pickerill after what the company termed "disappointing" third quarter results.

Business

EasyJet CEO 'confident' after last summer's travel chaos

The aviation sector has endured chaos at airports after the end of Covid restrictions, high inflation and strikes, but easyJet chief executive Johan Lundgren is upbeat about the British airline's future.

Automotive

Ford, GM profits fall as sales drop due to chip shortage

The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots.

Business

NY Times sees record gain in digital subscriptions

The New York Times saw a record gain in digital subscriptions in the past quarter and doubled its online readership in March even as the pandemic cut into its advertising revenues.

Business

Internet rained on vacation of big travel firms

Booking a vacation used to mean selecting a package holiday from the catalogue of a big tour operator, but with the advent of the internet consumers now have more options, a luxury that big travel operators have had difficulty ...

Business

US sues to block Lockheed Martin-Aerojet deal

US authorities announced Tuesday they are suing to block Lockheed Martin's $4.4 billion takeover of Aerojet Rocketdyne, asserting the proposed deal would lead to higher costs on defense systems.

Business

Airlines giant IAG revenue back at pre-pandemic level

IAG, owner of British Airways and Spanish carrier Iberia, revealed Friday revenue slightly above pre-pandemic levels as it posted third-quarter profits on rebounding passenger demand.

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