BMW announced Dorothea von Boxberg's appointment as its new board member responsible for human resources in a statement on Thursday. The German automaker highlighted?her expertise in "transformation processes" at a difficult time. The supervisory board approved the change in executive board after BMW issued an unexpected profit warning last month under its new CEO Milan Nedeljkovic and promised?further budget cuts. German automakers, in particular, struggled to adapt to the growing competition from China and the shift to electric vehicles. Recent U.S. Tariff costs and Iran War uncertainty have added to their difficulties. BMW has avoided the sweeping cuts seen at...

GE Aerospace increased its profit forecast for 2026 on Thursday as'spending by airlines on aftermarkets and parts remained resilient despite high fuel prices and fewer flights departures. As the war in Iran disrupts oil shipping routes around the world, airlines are being forced to cut back on spending and reduce capacity to maintain fares. GE Aerospace Services is closely linked to aircraft departures. Increased flying leads to increased engine wear and maintenance. The company said that any impact on its services revenue and profits this year will be minimal, since much of the work for its '2026 shop visits is...

U.S. index futures were tepid on Thursday, as investors took a breather?after two days of rallying?. Meanwhile, chip stocks continued to be under pressure in anticipation of?fresh economic data and another set quarterly results. Investors shifted their attention to megacap technology companies and banks after strong results by major lenders. TSMC shares listed in the United States fell 3.2% during premarket trading despite the fact that the advanced AI chipmaker had reported a 77% increase in its second-quarter profits, which exceeded market expectations. The company also announced that it would invest another $100 billion in the United States. Memory-chip manufacturers...

The U.S. Coast Guard called off their'search for missing people from a triple-deck pontoon that capsized in San Francisco Bay?a day earlier. According to officials from the Coast Guard and San Francisco Fire Department, a pleasure boat with 20 people on board rolled and sank Tuesday near Alcatraz Island after being hit by a large sea. Good Samaritans on other boats nearby, including a couple fishermen, rushed onto the scene to rescue many of the people clinging to a sinking boat's side before emergency response teams arrived. Officials said that one victim was confirmed to be dead on the scene,...

The U.S. aviation sector asked Congress to allocate $20 billion on Wednesday to complete a massive project to modernize America’s aging air traffic control system and reduce systemic flight disruptions. A coalition of aviation companies, including airlines, aircraft manufacturers, airports and unions, said that $20 billion was needed to upgrade or replace hundreds of old air traffic control systems, to deploy the latest technologies for controllers, and to develop advanced tools to manage airspace traffic to improve safety. The Congress allocated $12.5 billion for the project of replacing outdated technology and increasing staffing in air traffic control towers. The new...

United Airlines said Wednesday that it expects a 'full-year profit to be at the upper end of its previous forecast, betting on strong travel demand, higher fares, and a renewed rise in fuel prices, despite its earnings outlook for the third quarter falling short of Wall Street's expectations. In extended trading, shares fell 5%. The Chicago-based airline now forecasts that its fuel bill will be approximately $6 billion more than what it predicted at the beginning of the year. The top of the range is?about 5% higher than the $10.46 expected per share by LSEG's analysts. United expects adjusted earnings...

United Airlines announced a 'full year profit forecast at the upper -end of its previous 'forecast, as strong travel demand and increased fares offset a new surge in fuel prices. Chicago-based airline now forecasts 2026 adjusted earnings per share to be at the top end of its previous range of $9 to $11, despite a fuel bill that is expected to be $6 billion more than what it anticipated at the beginning of the year. The top?end?of this range is about 5% higher than the $10.46 expected by LSEG's analysts. United expects adjusted earnings for the third quarter to range...

After the conflict following the?U.S. Some airlines have maintained suspensions despite the Israeli and U.S. strikes on Iran. Below is an alphabetical update of the flight statuses for airlines. AEGEAN AIRLINES The largest airline in Greece has cancelled all flights to Dubai and Erbil until August 31 and Baghdad and Erbil until September 30. AIRBALTIC Up until October 24, all flights to Dubai are cancelled. AIR CANADA Canadian Airlines has cancelled all flights to Tel Aviv, Dubai and Abu Dhabi until October 24. AIR FRANCE-KLM Air France suspends its Beirut flights from August 2 to August 2. KLM has suspended...

The decision to sell a minority stake in TAP is a strategic one that depends on much more than the price. Portugal has relaunched the long-delayed TAP privatisation, with a view to selling a 44.9% share to a strategic partner airline to increase its global reach, and to improve competitiveness. 5% of this stake will be reserved for employees. The government has requested that Air France-KLM and Lufthansa submit binding bids by the 29th of July after both airlines emerged as sole competitors, with initial offers they deemed to be "largely equal and very ambitious" in terms of strategic, industrial,...

Svetlana and Ljubisa had just settled in to a Ryanair flight last week when a loud thud pierced through the engines. She saw her husband, 61, being sucked out of a cabin window that had become dislodged within seconds. On July 10, in what Greek officials described as a "rare incident", Karovic was dragged out of his window seat while his wife and other passengers held him. "I have never heard anything so loud in my entire life." Maksimovic said, "I?just turned around (then) and saw that part his body had already been thrown out of the window." She said...

A court filing revealed that India's aviation accident investigation body had?prepared? a cockpit voice recording transcript, performed a psychological autopsy, and is now in the final stages of its investigation into last year's fatal Air India crash. The filing failed to identify who conducted the psychological autopsy or reveal any findings about the crash of a Boeing 787 which killed 260 people soon after takeoff from Ahmedabad in India. The Aircraft Accident Investigation Bureau in India (AAIB), without providing any further details, said that an analysis of the data from an engine monitor unit retrieved late in May was still...

The main Ukrainian farmers' union has said that Ukraine has lost a third of its ability to export grain via its Black Sea ports because of the 'intensifying' Russian missile and drone strikes. Ukraine has been at war with Russia for more than four years, but agricultural exports such as grains and vegetable oil remain its biggest source of foreign exchange earnings. More than 90% are shipped through three ports located in southern Odesa. Odesa ports handled about?6 millions metric tons per month of cargo under a deal that allowed both countries to ship grains through the Black Sea. Moscow...