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Passenger Transportation Services

Wall Street Journal, August 14,

These are the top stories from?the Wall Street Journal. These stories have not been?verified and we cannot vouch for their accuracy. Investigators who investigated the crash of a 'Ryanair aircraft that had engine failure over Greece in July found bird remains within an engine. The engine parts that pierced through the fuselage of the plane and dislodged the?window in the accident on July 10 seriously injured a passenger. Charter Communications has received the final approval required to purchase Cox Communications, a fellow cable and broadband service provider. This was after making concessions to Californian regulators. These included a promise to...

Passenger Transportation Services

Airbus analysis reveals that Air India A320 briefly lost flight controls when it dropped 300 feet, Airbus

Airbus' preliminary analysis of the Air India A320 that landed about 300 feet and injured 24 passengers in a single?month revealed that it briefly lost control over its?key flight controls, after experiencing losses in each?three?hydraulic systems. Air India Flight AI2379, from Phuket to Delhi on August 4, landed safely at Delhi despite losing altitude. Airbus responded to a request from Air India for an assessment by saying that the aircraft's elevators, ailerons and control of pitch and roll were unavailable for approximately four seconds, during which time the plane pitched up. During this time, the first officer applied full nose-down...

Passenger Transportation Services

Brazilian airline Azul cuts capacity in the third quarter, but expects growth thereafter

John Rodgerson, the Chief Executive Officer of Azul Airlines, said that the airline expects to reduce capacity again in the third quarter following recent major cuts. Then it will return to growth for the final three months of the year. Azul reduced its capacity in the second quarter by an unprecedented 10.6% compared to the same period last year, with a reduction of 24.9% in international operations. This was due to the disruptions caused by the U.S. and Israeli war against Iran, which pushed up jet fuel prices. Rodgerson said, "The fuel crisis peaked in the second quarter and it...

Passenger Transportation Services

Derailment of UK passenger train in southeast England causes 11 injuries

The British Transport Police said that the derailment?of a passenger train near Lewes station in southeast England?on?Thursday?left?two people with serious injuries and nine other persons with less severe injuries. British Transport Police reported that three carriages of the train rolled onto their side after the incident was reported at 3:44 pm local time. The police reported that a number of passengers were trapped at first but they have now been safely evacuated. At the scene, emergency services including Sussex Police, local fire, ambulance and rescue?teams and Sussex Police responded. Some of the injured were treated on site while others were...

Transportation

Bird remains found on 737 engine after Ryanair Greek incident

The U.S. National Transportation Safety Board reported on Thursday that bird remains were discovered in the 'engine' of a Ryanair Boeing 737 NG where a 'passenger' was partially sucked out through a broken window in July. The NTSB investigates the incident in which a piece from the engine of the plane broke and smashed a window. The plane was headed for Germany when it lost pressure, forcing the pilot to land in an emergency. In its preliminary report on the July 10 incident, the NTSB stated that there were four suspected bird strikes against the No. 2 engine of the...

Passenger Transportation Services

Air India now tests all pilots for drugs after a captain's positive test for marijuana

According to an internal memo, Air 'India will start mandatory substance testing for all pilots starting Thursday. The tests will go beyond the'regulatory requirements'. The tests are to screen for substances or medications that are prohibited by aviation regulations. They will be conducted in conjunction with training sessions at Gurugram Academy, at offices and briefing centres, and after flights at designated locations. The test will also be conducted on the pilots of Air India Express, a budget airline. Air India didn't immediately respond to an email seeking comment. Airline rules currently require that at least 10% their flight crew be...

Passenger Transportation Services

Why India's Tata sons faces pressure to list

Tata Sons chairman N. Chandrasekaran, who has been at the helm for?nearly 10 years, is about to retire. This will intensify focus on succession as well as a possible stock market listing. The change at 'Tata Sons', the holding company for 31 group companies, including Tata Consultancy Services and Tata Motors as well as Tata Steel, Tata Steel, and Air India has also raised questions about the power balance between the?board of directors and the charitable trusts who control the conglomerate. Tata Sons has remained unlisted until now. The pressure to list this year has increased from various stakeholders, including...

Passenger Transportation Services

Wall Street Journal, August 13,

These are the most popular?stories from the Wall Street Journal. These?stories have not been verified and we cannot?guarantee?their accuracy. Apple is negotiating new deals with publishers in order to use their content for delivering current news and information as part of its effort to improve Siri, the voice assistant powered by AI. Federal aviation officials plan to relocate air-traffic-control antennas and implement new procedures in order to prevent a repeat of the?safety accident with Marine One last week near a busy Washington D.C. airport. As part of discussions on reworking the U.S., Mexico-Canada Agreement, the Mexican government has pushed the...

Passenger Transportation Services

American Airlines changes its leadership after CEO is under pressure to close the profit gap

American Airlines has reorganized its senior management. It is expanding oversight of the commercial and operations teams, and adding a former Spirit Airlines executive as the head of technical operations. CEO Robert Isom is under pressure to reduce American Airlines' profit gap. Isom, in a memo to staff seen by. acknowledged that there was a "meaningful. gap" between American Airlines' current performance and what he believed the airline should achieve. He described the actions as the "first in a series" of steps aimed at?strengthening the team, improving alignement and accelerating execution. The gap between the company and Delta Air Lines...

Passenger Transportation Services

Air Canada shares rise after a loyalty program deal, and the airline expects a strong fall season.

Air Canada announced on Wednesday that it expects 'one of its strongest fall seasons ever, thanks to corporate travel. Despite cost pressures, the airline set its latest core profit target for this year below analyst expectations. Air Canada's shares rose 14% during morning trading following an agreement by funds to acquire a minority stake of its loyalty program Aeroplan. Canada's largest airline restored its annual core profits target on Tuesday. However, it was at a lower level compared to its previous suspended outlook due to the volatility of the U.S./Israeli war against Iran. Mark Galardo, Air Canada's Chief Commercial Officer,...

Passenger Transportation Services

EasyJet flight attendants will strike in France on August 15-16.

The SNPC and FO trade unions announced on Wednesday that EasyJet 'flight attendants in France' will go on strike August 15-16 to demand better conditions. The statement stated that talks between a group of unions and the company regarding working conditions failed to produce any results. EasyJet is solely responsible for any flight cancellations or disruptions that result from these days. The company has refused to respond seriously to repeated warnings by trade unions in the past few months. A request for comment from a spokesperson?for?easyJet was not immediately responded to. The London-listed carrier is being purchased by the investment...

Passenger Transportation Services

Canada - August 12

These are some of the most important stories in selected Canadian newspapers. These stories have not been?verified and we cannot vouch for the accuracy of these reports. The Globe and Mail ** Canada's top negotiator Janice Charette warned that the White House could impose new tariffs on August 19 that would be a "cliff", which might stop negotiations with the U.S. ** Canada's H&R Real Estate Investment Trust announced a C$6.7billion ($4.81billion) breakup deal, whereby GO Residential REIT would acquire its U.S. Residential portfolio, and a group that included Blackstone, PSP Investments and Crestpoint, as well as entities linked to...

Ground Transportation

Ground Freight

Amtrak, the US passenger rail company, sets a record for ridership and cuts losses

Amtrak, the U.S. passenger rail company, said Tuesday that it had set records for revenue and ridership in a single year. It also cut its losses by 15 percent to $598 millions and is aiming for profitability by 2028. Amtrak is a major effort in rehabilitating the infrastructure of the Northeast corridor between Boston, Massachusetts and Washington. It is expanding service throughout the United States by purchasing new Acela trains with higher speeds and replacing regional trains from next year. Amtrak reported that in the twelve months ending September 30, it had 34,5 million trips made by customers, an increase...

Transportation

Whaleboat sinks into river in Congo, killing at least 107 people

According to a government internal report viewed by us on Friday, at least 107 people died when a whaleboat caught blaze in the west of Democratic Republic of Congo. In a memo, the Ministry of Social Affairs stated that 146 people were missing after the boat, which was a narrow double-ended open vessel, caught fire near Malange Village in Lukolela Territory on Thursday night. The note stated that rescue teams recovered 209 survivors after the vessel burnt and drifted downriver. The fire destroyed the cargo and 15 riverside houses. The search operations continued Friday, with community volunteers and naval personnel...

Ground Transportation

As inventories shrink, premiums for copper contracts on the nearby LME soar.

The premiums for copper contracts near London Metal Exchange have increased to their highest level since October 2022 due to low inventories, large cash contracts and warrants held by traders. The title document that confers ownership on metal is a warrant. Tom-next, also known as the premium or backwardation that is charged for purchasing copper tomorrow and then selling it the next day, is currently trading at above The price of a metric tonne is $48. This compares to a $2 discount at the beginning of the week. The premium for the cash Copper Contract over the Three-Month Forward It...

Passenger Ground & Sea Transportation