Passenger Transportation Services

GE Aerospace increased its profit?forecast for 2026 on Thursday as airline spending?on parts and services remained stable despite higher fuel prices - and fewer flights. As the Iranian war disrupts oil shipping routes around the world, jet fuel prices are rising and airlines have to cut back on capacity. GE Aerospace Services is closely linked to aircraft departures. Increased flying?drives increased engine wear and maintenance demands. The company said that any impact on revenue and profit from'services' this year will be minimal, since much of the work for '2026 is already secured, and spare parts demand continues to outpace supply....

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...

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...

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 air crash investigating body had prepared a cockpit voice recorder transcript, conducted a mental autopsy and moved into the final stages of their investigation into last year's deadly Air India accident. The sequence of events as described by Indian investigators on July 12, last year, is shown below. Air India Dreamliner VTANB landed at Ahmedabad as AI423 at 05:47 GMT. 07:48 GMT - An aircraft was observed leaving Bay 34 of the airport. 07:55 GMT - Air traffic control granted the taxi clearance to the aircraft. A minute later, the aircraft taxied backwards and...

A court filing revealed that India's 'aircraft accident investigation body' has completed a cockpit voice recording transcript, conducted a psycho-psychological autopsy, and is now in the final stages of their probe into last year’s deadly 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 shortly after takeoff in Ahmedabad, India. The Aircraft Accident Investigation Bureau in India (AAIB), without providing more information, said that an analysis of the data from an engine monitor unit, retrieved late in May, was still awaited, and an...

C.B. "Sully Sullenberger", the airline captain, who successfully landed a?Airbus A320 in New York's Hudson River after hitting a flock o geese in?2009, announced on Tuesday that he had been diagnosed with early-stage Alzheimer’s disease. Sullenberger revealed 'the diagnosis' in a website statement and stated that he is receiving treatment. "For the moment, this may mean that a name is not easy to remember, I might forget a recent story, or I do not sleep well. But I am at the beginning of this journey," said Sullenberger. Since he saved all 155 passengers aboard a US Airways plane in distress...

Industry sources say that Riyadh Air is looking at acquiring between 25 and 30 additional Boeing 787 Dreamliners, by utilizing its contractual rights with the U.S. aircraft manufacturer. It may also increase its Airbus order list. The airline, which last week conducted 'its first commercial revenue flight', has ordered up to 72 Boeing Dreamliners by 2023. This includes 39 definitive orders and options for another 33. Sources said that Riyadh Air could announce its intention to convert the majority of these options into outright purchase as soon as next week at the Farnborough Airshow. However, they warned that details are...

The?U.N. The 'U.N. Trump stated in a post on Truth Social that the process would start immediately. He did not elaborate. A spokesperson for the United Nations said, "We're aware of this post and are awaiting more details." International Maritime Organization. "We've always maintained a consistent stance against fees - IMO is opposed to charging fees for the passage through straits that are used for international navigation." There is "no legal basis" to introduce tolls for transiting through a strait. Officials from the shipping industry expressed their concern at?the newest development. They added that, in their opinion, such a move...

Two Irish companies owned by the leasing arm of the Industrial and Commercial Bank of China have asked the Indian aviation regulator to deregister the four Boeing 737 Max aircraft leased to SpiceJet. The notices were made public on Monday by the regulator. They are a test for a law that India passed last year to make it easier to "repossess" aircraft by lessors. Sky High LXXX Leasing Company Ltd, Sky High LXXVIII Leasing Company Ltd did not explain why they wanted to be deregistered. Corporate records show that ICBC Financial Leasing is the parent company of the two companies....

U.S. Stock Futures were mixed Friday, after a strong Wall Street rally. Investors awaited SK Hynix's highly anticipated Nasdaq debut and weighed the impact of recent Middle East conflict escalation. Chipmakers' gains fueled the main U.S. indices to close higher during the previous session. The S&P 500, Nasdaq, and Dow were all on track to gain weekly gains as of Thursday's closing. The AI trade was also back on the agenda ahead of SK Hynix listing in the U.S. on Friday. Memory-chip maker raised $26.5 billion by selling American?Depositary Receivables' priced at $149. This is the largest share offering in...

S&P 500 futures and Nasdaq Futures slowed on Friday as investors weighed Middle East tensions, and awaited SK Hynix's highly anticipated Nasdaq debut. Chipmakers' gains fueled the main U.S. indices to close higher during the previous session. The S&P 500, Nasdaq, and Dow were all on track to gain weekly gains as of Thursday's closing. The AI trade was also back on the agenda ahead of SK Hynix listing in the U.S. on Friday. Memory-chip maker, Micron, priced its American depositary Receipts (ADRs) at $149 per share on Thursday. The company raised about $26.5 billion. This offering will be the...

These are the most popular?stories from the Wall Street Journal. These?stories have not been?verified' and we cannot?guarantee? their?accuracy. Jeff Bezos’ Blue Origin wants to bring in outside investors for first time. The company is aiming to raise 10 billion dollars through a funding round, which would value the rocket manufacturer at $130 billion before the investment. China has said that it found "security vulnerabilities" in Anthropic’s Claude Code. This is a step up in tensions with the U.S. in the race for artificial intelligence supremacy. Apple plans to spend more than $30 billion in a deal with Broadcom, which was...

Ship-tracking data revealed that at least four oil and gas tanks had turned back after attempting to cross the Strait of Hormuz. This was due to renewed attacks on vessels in this critical waterway, which raised safety and security concerns. The?diversions' come after two tankers, a Qatari LNG tanker and one Saudi crude oil tanker, were damaged on Tuesday near the strait following reports that Iran had fired missiles into the waterway. This prompted maritime authorities to increase the threat level for transiting vessels from "moderate" to "severe." Data from analytics firms Kpler & LSEG revealed that the LNG tankers...

Three Iranian and Western sources confirmed that Iran has started talks with Japanese companies as part of a U.S. sanction waiver, allowing it to resume its oil sales. However, 'prospective buyers' are asking for a longer waiver, and reassurances about ship safety. The waiver was part of the 60-day talks between Washington and Tehran, and it expires on August 21. Two Iranian sources declined to identify themselves due to the sensitive nature of the matter. They said that three Japanese buyers are considering possible crude oil purchases in Iran. This would be their first purchase since 2019. A Western industry...

Three Iranian and Western sources confirmed that Iran has started 'talks' to sell oil to Japanese companies, but 'potential buyers' are requesting a longer U.S. sanction waiver and assurances about safe shipping conditions in Gulf. In June, the United States authorised Iranian oil exports. This was a significant step in easing decades-old sanctions and paving the way for a final peace agreement with Tehran. The deal would be in exchange for nuclear inspections?and freedom of movement through?the Strait of Hormuz?. China has been the largest buyer of Iranian oil over the past few years, after South Korea, Japan and Europe...

The Foreign Ministry in Tokyo announced that the Japanese Prime Minister Sanae Takaichi would visit India from Wednesday to hold talks with Prime Minister Narendra Modi. These discussions will focus on boosting trade and investment, as well as strategic cooperation between 'two Asian partners. Modi visited Tokyo in 2014, where Japan promised to double its investment to $61 billion within the next decade. This visit was a result of 'deepening economic relations. The 16th India-Japan Annual Summit will be held by the two leaders. This is a "mechanism" where the prime ministers from both countries meet alternately. According to a?foreign...

As diplomatic efforts to resolve the conflict that followed the U.S.-Israeli strikes on Iran gain momentum, some airlines are restoring their flights to certain parts of the Middle East. However, many carriers continue to suspend flights, causing global travel disruptions. The following is a list of the current status of flights by alphabetical order. AEGEAN AIRLINES Thessaloniki-Tel Aviv flights were resumed by Greece's largest airline on June 28. Dubai flights are suspended until August 31 and Erbil and Baghdad flights until September 30. AIRBALTIC AirBaltic, a Latvian airline, has suspended flights to Tel Aviv from June 28 to July 1,...

Gulf markets opened lower on Monday as investors were on edge due to recent strikes by the U.S. against Iran. This was despite a pact?between both?countries?to stop further attacks. After several days of retaliatory attacks, which were triggered by a projectile fired by Iran that struck a cargo ship in the Strait of Hormuz on last week, there will be?a renewed push for diplomacy throughout the Middle East. Since then, both sides have accused each other for violating an interim truce. Oil prices rose due to uncertainty over the durability of the peace deal, but crude oil has since lost?nearly...

Some airlines have resumed flights to certain parts of the Middle East, as diplomatic efforts intensify to resolve the conflict that erupted after the U.S.-Israeli strikes on Iran. However, many carriers continue to suspend their flights, causing global travel disruptions. Below is an alphabetical update of the flight statuses for airlines. AEGEAN AIRLINES Thessaloniki-Tel 'Aviv flights were cancelled by Greece's biggest carrier until 26 June. Flights from Thessaloniki to Tel 'Aviv have been canceled until June 26. AIRBALTIC AirBaltic, a Latvian airline, has canceled flights to Tel Aviv and Dubai until the 28th of June. AIR CANADA Canadian Airlines has...

The United Nations shipping agency announced on Tuesday that an evacuation plan is in place to allow hundreds of ships with 11,000 seafarers stuck?in?the Gulf to sail through the Strait of Hormuz. This follows the agreement between Iran and the U.S. to end hostilities. A spokesperson for the United Nations said, "We've started to contact the ships in order to begin the evacuation." The International Maritime Organization's (IMO) spokesperson said that the evacuation would begin as soon as possible. The IMO stated that it had?secured the necessary safety assurances and verified conditions for safe sailing. In a press release, IMO...