Passenger Transportation Services

Even high-income travelers may not be as eager to travel this holiday season, according to a Deloitte report released on Wednesday. The report shows that Americans plan on taking fewer trips in the coming year and spending less money on them due to growing financial worries. Report: The number of holiday trips planned has decreased to an average of 1.83 from 2.14 last years, and the average budget for planned travel is down 18% at $2,334. The report stated that the tighter budgets are rooted in a more tempered money mood. Nearly one fifth of households with incomes over $100,000...

The government has been imposing mandatory flight reductions in response to safety concerns. This is the fifth day that the airlines have cancelled more than 1,000 flights. The Federal Aviation Administration (FAA) instructed airlines last week to reduce 4% of flights daily starting Friday, November 7 at 40 major airports due to staffing problems in air traffic control. The reductions in flights increased to 6% on February 2. On Thursday, the flight reductions would be 8% and on Friday, they will be 10%. The FAA and airlines are discussing when and how to reduce and eliminate the flight cuts as...

Boeing announced on Tuesday that the company delivered 53 jets during October, bringing their total deliveries for the year up to 493. They also received 15 new orders in November. The U.S. aircraft manufacturer delivered 39 of the best-selling 737 MAX jets. Nine were to Southwest Airlines, and five were to Ryanair Ireland's budget airline. One 737 NG was delivered to the U.S. Navy for conversion into a P-8 patrol plane. Boeing delivered 13 widebody aircraft: seven 787 Dreamliners and two 777 Freighters, as well as four 767s. The company is on course to deliver its highest number of deliveries...

United Airlines asked a federal court to dismiss a lawsuit that claimed it charged passengers unfairly extra money for "window seats", which, to their surprise, did not have windows. In August, passengers filed class action lawsuits against United Airlines and Delta Air Lines for finding that their seats in Boeing 737, Boeing 755, and Airbus A321 aircraft were windowless. They claim this was not flagged when they booked the tickets. United Airlines said in a filing Monday in San Francisco Federal Court that it never promised in contract that the seats at the window would offer views, even though it...

Air travelers in the United States will still have to endure a few days of delays and cancellations before things return to normal. Federal Aviation Administration (FAA) has instructed airlines to reduce 4% of their daily flights at 40 major airports starting last week due to safety concerns regarding air traffic control. The Federal Aviation Administration has mandated that flight reductions reach 6% by Tuesday, and then 10% by Friday November 14. Transportation Secretary Sean Duffy warned that they could reach up to 15% or 20% if there is no end to the shutdown. If lawmakers restore federal funding this...

These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. On Monday, a coalition of clean-energy groups and the City of St. Paul filed a lawsuit against the U.S. Government. They challenged what they called the nakedly partisan nature of the funding cuts made during the shutdown of the federal government that resulted in the loss of around $7.5 billion from projects in Democratic states. In one of his final letters to Berkshire Hathaway shareholders, Warren Buffett said that he will...

Aster Chemicals & Energy and Aether Fuels have partnered to build a renewable-fuels facility on Singapore's Bukom island, which is expected to start operating in 2028. Conor Madigan, CEO of Aether Fuels, told reporters that construction on the project to produce 2,000 tons per year (50 barrels a day) is expected to start in the second quarter of 2019. Commercial production could begin as early as 2028. Madigan stated that the sustainable aviation fuel (SAF), or bionaphtha, production will reach 400 tons per year when the plant is finished. Aether Fuels has developed a technology that will be used to...

Air travelers in the United States will still have to endure a few days of delays and cancellations before things return to normal. Federal Aviation Administration (FAA) has instructed airlines to reduce 4% of their daily flights at 40 major airports starting last week due to safety concerns regarding air traffic control. The Federal Aviation Administration has mandated that flight reductions reach 6% by Tuesday, and then 10% by Friday November 14. Transportation Secretary Sean Duffy warned that they could reach up to 15% or 20% if there is no end to the shutdown. If lawmakers restore federal funding this...

Klook, a travel booking website owned by SoftBank, reported a 24.4% increase in revenue for 2024. The online platform announced this in its Monday filing to the U.S. Securities and Exchange Commission, indicating that investor demand is still strong despite the shutdown of the federal government. The U.S. IPO Market has recovered from tariff-driven volatility, as a rally of equities, and interest rate reductions, boosted investor demand for new offerings. However, a prolonged shutdown in the government has caused some delays. Klook's offer follows recent debuts of molecular diagnostics company BillionToOne, and another Apollo-backed group Grupo Aeromexico earlier this month....

The number of flights canceled by airlines in the United States surpassed 1,500 on Monday. This is the fourth day that cancellations have exceeded 1,000, as flight reductions and staffing shortages continue to cause havoc for aviation. FlightAware is a website that tracks flights. As of 8:30 a.m. ET (1330 GMT), more than 1,550 flights had been canceled and 1,400 delayed Monday. More than 1,550 flights were cancelled and 1,400 flights delayed on Monday, after 2,950 flight cancellations and nearly 10,800 delays Sunday. Chicago's November snowstorm also caused disruptions to air travel. Late Sunday, the Federal Aviation Administration announced that...

Due to a shortage of air traffic controllers, U.S. flights are expected to be "a trickle" as the shutdown continues. Transportation Secretary Sean Duffy made the announcement in comments that were broadcast on Sunday. After a Saturday plagued by thousands of cancellations and delays, major airlines faced a third consecutive day of flight restrictions. The government shutdown has now lasted a record-breaking 40 days. This has caused a shortage of air traffic control officers who, along with other federal employees, are not paid for several weeks. Duffy, on CNN's State of the Union program, said: "It will only get worse......

After a weekend of flight delays caused by a shortage of air traffic controllers, major airlines are preparing for the third day of mandatory government-mandated flight reductions. Federal Aviation Administration has instructed airlines to reduce 4% of flights daily starting Friday in 40 major airports due to safety concerns regarding air traffic control. The record-breaking shutdown has left air traffic controllers, and other federal employees who haven't been paid in weeks, short. The reduction in flight numbers is to be 6% by Tuesday, and 10% by November 14th. The FAA announced on Saturday that there are air traffic control staffing...

Lyft's third-quarter revenue growth was a little below Wall Street expectations, despite intense competition in the company's core North American markets. This overshadowed a positive booking forecast for holiday travel. The shares of the San Francisco based company dropped about 3% during extended trading. A saturating market in major metropolitan areas has allowed the company to benefit from its recent push in international markets. Freenow's European operations have been positioned as premium services, complementing the mass-market presence of North America. The company stated that "our strategic acquisition of Freenow will bring over six million riders annually to our platform by...

Taiwan's Civil Aviation Administration stated on Wednesday that China had not provided any information regarding a new airport that will open in the next year, less than 10 kilometers (6 miles) away from a Taiwanese Airport. This raises flight safety concerns. Xiamen's Xiang'an Airport is located only 3 km away from Taiwan's Kinmen Islands, the site of the Cold War's on-off battles. Construction work can also be heard and seen from Taiwan. Taiwan's Civil Aviation Administration sent a statement to saying that close airports need to be planned and coordinated in advance to ensure safety and smooth operation. It said...

The Mexican president Claudia Sheinbaum stated on Wednesday that she does not agree with the U.S.'s decision to revoke the approval of 13 Mexican airlines routes to the United States, and to cancel combined passenger and freight flights from Mexico City’s Felipe Angeles International Airport. Sheinbaum said that in her daily press briefing, she will request a discussion between the Mexican foreign minister and U.S. Secretary State to examine the reasons for the unilateral action. She also added that she is confident an agreement can be reached. Sean Duffy, Transportation Secretary, said on Tuesday that Mexico had "illegally cancelled and...

Energy developer Glenfarne announced on Friday that it had signed a letter of intent (LOI) for the purchase of 1,000,000 metric tons of liquefied gas per annum from Alaska LNG Project. Tokyo Gas confirmed it had signed the LOI. It said that as a strategic Glenfarne partner, it allows the Japanese LNG buyer to progress meaningful negotiations about the purchase of LNG. This is a significant step forward for the $44 billion Alaskan LNG project, which has been criticized due to its high cost. Glenfarne aims to make a final investment decisions (FIDs) on the Alaska LNG pipeline by the...

Taiwan closely monitors whether China will include Taiwan-controlled Kinmen Islands in a five-year plan being discussed this week in Beijing. Taiwan's offshore Islands: Facts and figures When the defeated Republic of China fled to Taiwan after losing a Civil War to Mao Zedong’s communists in 1949, it retained control of a number of islands and islets on China’s southern and eastern coasts. The majority were captured by Chinese forces later or were evacuated by Taiwan because they were difficult to defend. Taiwan is only geographically a part of the Kinmen Islands and Matsu Islands, which are located just off the...

Two sources familiar with this matter have confirmed that Vietjet, a Vietnamese low-cost airline, stopped operating its two COMAC C909 planes made in China on October 18, after the six-month contract to lease the planes had expired. The C909s arrived in Vietnam less that a week after Chinese president Xi Jinping's visit to Hanoi, in April. This launch was seen as a sign of the deepening of strategic and economic ties. The two sources confirmed that Vietjet had decided not to renew the lease, and did not have any immediate plans to buy aircraft from China’s state-owned planemaker COMAC. Vietjet...

These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. The Colombian president Gustavo Petro has accused the United States (US) of killing an innocent fisherman during an attack on a boat the US authorities claim was carrying illegal drugs. This led President Donald Trump on Sunday to announce that he will cut off all assistance to Colombia, and impose new duties on its goods. China's National Bureau of Statistics announced on Monday that the economy grew by 1.1% in the...

China Eastern Airlines, a state-owned airline, will resume Shanghai to Delhi flights on November 9, according to the website of the airline. This comes as China and India resume their direct air links after a five year diplomatic freeze. According to the airline's ticketing platform, flights will be operated three times per week, on Wednesdays. Saturdays and Sundays. China Eastern Airlines didn't immediately respond to a request for comment sent via email. The Indian Foreign Ministry announced earlier this month the resumption of commercial flights between India and its neighbours after a 5-year-long freeze. The announcement came after Indian Prime...

According to Chinese consultants and trade sources, China has granted quotas to three more biofuel refiners for the export of sustainable aviation fuel. This could lead to an increase in exports to Europe. China's biofuel companies are building SAF plants in Europe, which is the second largest aviation fuel market. They also target the continent as their top export destination. The Chinese Ministry of Commerce is responsible for the quota system. It did not respond immediately to a comment request. According to a report by the Chinese commodities consultancy JLC, three sources in industry and commerce, as well as Shandong...

A review of public documents and interviews with executives revealed that critical mineral companies have increased their lobbying efforts to Washington in order to benefit from the ambitious investments made by U.S. president Donald Trump to firms considered essential to national safety. The review revealed that at least 12 companies, including those in the lithium, copper and rare earths industries, as well as geothermal, have signed agreements with Washington lobbying firms. Influence campaigns have increased dramatically in recent years to secure federal investment, permit support and long-term guarantees for procurement. The White House is shifting its focus from the historical...

Treasury Wine Estates shareholders grilled chairman John Mullen about the Australian winemaker’s poor performance, his stock decline as well as heavy workload. But he was reelected with a large margin at their annual general meeting held on Thursday. Treasury, one of the top five winemakers in the world by volume, pulled its earnings guidance for 2026, and halted plans for a stock buyback. The company cited weak sales of Penfolds' flagship wines in China, and distribution problems in the U.S. Since the beginning of the year, the stock price has fallen by more than 40%. Institutional Shareholder Services, Australian Shareholders'...

These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. Tesla unveiled on Tuesday new versions of two of its most popular models: Model Y, and Model 3. These will be sold for $40,000 each and $37,000 separately. A Los Angeles jury on Monday ordered Johnson & Johnson to pay $966 Million to the family a California woman, who died of a rare cancer. The company had been found liable after a lawsuit claiming that its baby powder products caused cancer....