Western Europe

Aena’s Spanish airports surpassed 300 million passengers in 2018, marking a record for the second year running. The airport operator also announced that they had surpassed the target. Aena reported that the number of passengers using its Spanish airports increased by 9,2% between 2023 and 309,3 million. This is a year ahead of what Aena had expected. Aena has reaped the rewards of a robust tourism sector, which contributed to a robust Spanish economic expansion in 2024. This is in contrast with other large euro zone economies like France and Germany. Adolfo Suarez Barajas Airport in Madrid was the busiest,...

AirBaltic's preliminary public offering (IPO) could be pressed back to early 2026, the Latvian airline's president stated on Monday, including that ongoing concerns with engine shipments were hindering the airline company's. growth potential customers. The airline company, whose IPO was at first planned for in 2015,. stated this month that it would have to cancel a variety of summertime. flight routes as an outcome of delays on engine shipments. They just actually don't get it, CEO Martin Gauss informed. Reuters on the sidelines of an air travel financing conference in. Dublin, describing RTX-owned engine producer Pratt. and Whitney. Pratt and...

Air guests numbers are forecasted to more than double by 2050, increasing fuel demand and undermining the aviation market's efforts to cut emissions, a. study by environment advocacy group Transport and Environment. recommended on Monday. As industry leaders fulfill at a yearly financing conference. today in Dublin where lots of airplane sales are anticipated, the. Brussels-based group urged the European Union to take actions to. rein in the sector's growth. It's time to come pull back to earth and put an end to this. dependency to development, Jo Dardenne, the group's air travel. director, informed Reuters. Steps to tame fast-growing...

An across the country strike in protest versus possible pension reforms paralyzed air and rail traffic in Belgium on Monday and numerous schools stayed shut. Practically half of all flights at Brussels airport were cancelled as luggage handlers, security and other ground staff went on strike, while national train operator NMBS said it was running just a restricted number of trains throughout the nation. Public transportation in the capital Brussels was likewise greatly impacted. Schools were shut with tens of thousands of instructors expected to sign up with a national rally in Brussels to object pension reforms that are being...

Lufthansa expects its prepared stake in Italy's ITA Airways to increase the German flagship provider's earnings by numerous countless euros in the coming years, Chief Executive Carsten Spohr told the FAZ newspaper in an interview published on Monday. The German airline is set to obtain 41% of ITA, the follower airline to bankrupt Alitalia, for 325 million euros ($ 335 million) on Jan. 13, a source acquainted with the circumstance told Reuters recently, bringing to a close years of talks. Without the possibility of a contribution to incomes in the three-digit million variety, we would not have taken this action,...

Investors and lessors who make the international air travel market tick collect for a yearly meeting in Dublin on Monday, buoyed by strong lease rates and fairly stable oil rates however facing uncertainty over jet scarcities and trade stress. Ireland is home to the around the world aircraft leasing industry, which manages about half the world's airline fleet, and the Airline company Economics collecting offers an early chance each year to keep an eye on financial and trade risks around the world. Leasing companies have actually seen rentals and resale values for jetliners rise as airlines try to meet brand-new...

The number of air travelers is projected to more than double by 2050, causing surging fuel need and undermining the aviation industry's steps to lower its emissions, a research study from environment advocacy group Transportation and Environment revealed on Monday. As aviation market leaders fulfill in Dublin today at an yearly finance conference where numerous aircraft sales are expected, the Brussels-based group required the European Union to implement measures to limit the sector's development. It's time to come pull back to earth and put an end to this dependency to growth, Jo Dardenne, the group's aviation director, told Reuters. Steps...

Italy's ITA Airways resumed direct flights to Libya's Tripoli on Sunday, the very first airline from a major west European nation to do so after a 10year hiatus due to civil war in the north African nation, ITA and Tripoli's transport minister stated. ITA said it would run two direct flights a week from Rome's Fiumicino airport to Tripoli's Mitiga airport. We are happy to inaugurate today our first direct industrial flight in between Tripoli and Rome Fiumicino, strengthening commercial and cultural ties in between Libya and Italy in support of bilateral relations in between the two nations, Andrea Benassi,...

The European Union Aviation Safety Firm issued a brand-new alert on Thursday caution nonEuropean providers not to fly within western Russia airspace due to the risk of being accidentally targeted by its airdefence systems. Russia's civil air travel authority, Rosaviatsiya, denounced the alert as a brand-new imposition of sanctions on Russian companies and an attempt to enable Western airlines to recover lost markets. EASA said the crash last month in Kazakhstan of an Azerbaijan Airlines aircraft, after Russian air defences fired against Ukrainian drones, showed the high threat at play. At least 38 people passed away in the crash. The...

A look at the day ahead in U.S. and global markets from Mike Dolan After a torrid start to the year for U.S. Treasuries and worldwide sovereign bonds at big, Friday tests the 'hot economy' thesis by revealing simply how tight U.S. labor markets still are as a. new administration takes office in Washington this month. The release on Friday of the U.S. December work report. ties up a range of tasks market updates this week - with. something of a combined image so far. The weekly jobless series released on Wednesday was a. standout, as it indicated the most...

Before it suffered the most dangerous crash in South Korea's history, spending plan airline Jeju Air was moving quickly: racking up record passenger numbers and flying its aircraft more than domestic competitors and a lot of its worldwide peers, data reveal. The high utilisation rate of Jeju Air's aircrafts - the number of hours they fly in a day - is not problematic in itself, professionals state, however suggests scheduling sufficient time for required upkeep is vital. Authorities have suggested a bird strike contributed to the mishap, but as part of their probe into the occurrence aboard Boeing 737-800, police...

A longrunning production deficiency by planemakers will underpin supply and demand characteristics that are enhancing airline and lessor profits for at least another decade, the head of the world's secondlargest aircraft leasing company Avolon said on Friday. Airplane makers and providers have struggled to keep up with a post-pandemic healing in travel due to rising costs, labour and parts scarcities, problems that have been intensified by safety issues at Boeing and a strike by its personnel last year. Avolon's annual outlook report anticipated that airline companies' web earnings would rise by 16% to over $36 billion in 2025, driven by...

The following are the top stories in the Financial Times. Reuters has not validated these stories and does not vouch for their accuracy. Headings - Fujitsu's UK goodwill eliminated in wake of Post Office scandal - Apple steps up growth of its News platform - Shein implicated of 'not respecting' UK MPs in grilling on labour practices - Thames Water junior lenders implicate rivals of 'predatory'. loan conditions Summary - Fujitsu's choice to limit bidding for UK. government agreements following the Post Workplace Horizon scandal. has actually resulted in a total write-off of goodwill worth on the balance. sheet of...

Parcel locker company InPost reported on Tuesday a 20% rise in fourthquarter volumes, driven by both its home market Poland and abroad. InPost, which aside Poland runs in eight countries, delivered 322.1 million parcels in the quarter, that included the hectic holiday. The business runs one of the most significant networks in Europe of pick-up drop-off (PUDO) points and automated lockers, dubbed automated parcel devices or APMs, that permit clients to gather or drop off plans when it suits them. InPost said that it added a record number of more than 11,500 APMs in 2024, bringing its network to 46,977...

Artificial intelligencepowered chatbots helped customers purchase and return products throughout the 2024 holiday, improving online sales in the United States by nearly 4% yearoveryear, according to a report by Salesforce. Sellers turned to awesome conversational customer care - or chatbots - among others such as targeted promos, product recommendations and commitment programs, to affect consumers searching for trending items and finest bargains. Online sales rose to $282 billion in the United States between Nov. 1 and Dec. 31 from $272 billion a year back, ahead of Salesforce's forecast of 2% development, even as discounts were tempered. Consumers used AI-based chatbot...

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not guarantee their accuracy. The Times - UK's Safestay is planning to double the size of its portfolio as the hostel operator looks for to take advantage of the awaited boom in the worldwide market. The Guardian - UK's postal minister Gareth Thomas has spoken of his dissatisfaction that Fujitsu, the Japanese business behind the Horizon computer system, has refrained from doing more for those whose lives were destroyed in the Post Workplace scandal. The Telegraph - The UK...

Priceconscious vacation buyers opened their wallets for lastminute online discounts on clothing and stocking stuffers, potentially benefiting sellers that also offered such hassle-free options as complimentary delivery and curbside pickup. The appeal of online shopping has actually risen due to its convenience, similar or lower costs than in-store, the availability of services like purchase online, get in-store ( BOPIS) and quick, free shipments, stated Michael Schulman, a. retail expert at Running Point Capital Advisors. The shortened holidays this year compared to. last year, with a tighter scrunch in between Thanksgiving and. Christmas, also left less time for in-store retail shopping...

The following are the top stories on business pages of British newspapers. Reuters has not validated these stories and does not attest their precision. The Times - British insurance company Aviva has reached an agreement to buy smaller sized rival Direct Line in a 3.7 billion pound ($ 4.64 billion) cash-and-stock offer that is anticipated to result in about 2,000 task cuts as the group transfers to record 125 million pounds of expense savings. - Frasers Group means to put forward a brand-new candidate for Boohoo's board after shareholders rejected the visit of founder Mike Ashley. The Guardian - Grocery...

The following are the leading stories on business pages of British papers. Reuters has not validated these stories and does not attest their accuracy. The Times - A previous consultant to a UK prime minister has actually been accused of being a co-conspirator in the U.S. Department of Justice's. prosecution of Gautam Adani in the $250 million bribery case. - Swisscom's planned acquisition of Vodafone Italia. in an 8 billion euro ($ 8.36 billion) offer has actually been. cleared by Italy's competitors watchdog and its industry. ministry. The Guardian - Diageo's leading stout beer Guinness has robbed. its reserves in...

European shares were on course to post their worst week in three months on Friday, as U.S. Presidentelect Donald Trump's comments about prospective tariffs on the European Union even more startled investors currently stressed about the rate outlook. The pan-European STOXX 600 index fell 0.8% by 0812 GMT, trading at its lowest in nearly a month and on course for its most significant weekly decrease considering that early September. Trump stated that the EU should acquire U.S. oil and gas to offset its remarkable deficit with the world's biggest economy, or face tariffs. All the major European subsectors remained in...

Italy's tax authorities on Tuesday browsed the headquarters of 9 courier companies for alleged false billings benefiting ecommerce and logistics giants Amazon , SDA and GLS, according to a search order reviewed by Reuters. Prosecutors in the northwestern city of Turin are examining Amazon Italia Transport and Amazon City Logistica, Italian units of Amazon, SDA Express Carrier and General Logistics System Business (GLS) for supposed tax fraud and illegal labour practices, according to the 23-page order. SDA belongs to Poste Italiane, while GLS is a. subsidiary of British group International Circulation Services . Poste decreased to comment. Amazon had no...

The following are the leading stories in the Financial Times. Reuters has actually not confirmed these stories and does not vouch for their accuracy. Headlines Royal Mail is out of British hands after ministers authorized its sale to Daniel Kretinsky Previous Tory minister Greg Clark joins Labour's commercial method council Expense of HS2 could strike 66 billion pounds, according to management price quote Overview Kretinsky's billion dollar deal to purchase Royal Mail owner International Circulation Services was struck in May, the final arrangement just came on Monday after his EP Group made commitments to the UK government. Greg Clark, the...

The following are the top stories on business pages of British papers. Reuters has not validated these stories and does not vouch for their accuracy. The Times - The UK government is to take a golden share in Royal Mail as part of a contract with Czech billionaire Daniel Kretinsky that paves the way for a 3.6 billion pounds ($ 4.57 billion). overseas takeover of the previous state postal operator. - Arm Holdings chief executive Rene Haas has actually been. selected as a non-executive director of AstraZeneca as. part of a refresh of the board of Britain's most important public....

Czech billionaire Daniel Kretinsky's. EP Group stated on Monday it consented to certain terms with the UK. government for its takeover of Royal Mail's parent, paving method. for a thumbs-up on the tightlyscrutinised offer. Royal Mail moms and dad International Circulation Services (IDS). had actually accepted a 3.57 billion pound ($ 4.51 billion). takeover by EP Group in May, and the deal has actually faced review under. the National Security and Financial Investment Act given that August. As part of the concurred terms, no additional security or. assurances can be put on Royal Mail's properties for five years. after the...