Indian shares will likely fall on Friday due to a deteriorating Middle East situation. Brent crude has now risen above $100 per barrel, the first time in two months. As of 7:12 am IST, the GIFT Nifty Futures were at 23,710, which indicates that the benchmark Nifty50 could open lower than Thursday's closing price of 23,869.6. Donald Trump, the U.S. president, promised on Thursday a "major military punishment" against Iran and its Houthi ally after two Saudi oil tanks were attacked by Yemeni fighters in the Red Sea. This extended?the Middle East conflict to a second important shipping chokepoint. India's...

American Airlines lowered its full-year forecast profit on Thursday, as renewed U.S.-Iran conflict pushed up oil prices anew. This increased the fuel bill. The carrier expects a loss adjusted of 65c per share and a profit adjusted of 65c per share. This is compared to its previous forecast of?an adjusted loss?of 40c to a profit?of $1.10/share. In premarket trading, shares of the airline dropped by about 4%. This move shows how unstable fuel markets have affected airline earnings forecasts, due to renewed U.S. - Iran fighting and reduced 'traffic' through the Strait of Hormuz. Before the war, about a fifth...

IndiGo, India's stop?airline, reported a?loss in the first quarter on Thursday due to?high fuel prices?caused by?the Iran war. Budget carrier reported a loss for the quarter ending June 30 of 3.82 billion rupees (about $39.6 million), compared to a profit of 21.61 billion rupees one year ago. IndiGo and other airlines that do not hedge their fuel have been battling with rising jet fuel prices. The Iran war has pushed crude oil to above $100 per barrel during the quarter, reducing margins. Revenues grew by 20% in the quarter to 245.84 billion Rupees. However, expenses increased at a faster rate...

Chinese titanium suppliers used this week's 'Farnborough Airshow' to court aerospace customers. They bet that tight global supplies of a critical metal will outweigh any concerns about U.S. Tariffs. Titanium is a vital material in aircraft production because of its light weight, strength and corrosion resistance. It's used for landing gear, jet engines and airframes. Supplies have been squeezed by a number of shocks over the past few years. From the COVID-19 pandemic to Western sanctions against Russia, a major producer of titanium after its full-scale invasion in Ukraine 2022. To U.S. Tariffs on Chinese Imports under President Donald Trump....

EasyJet will contact the regulators in the European Union over ownership regulations as soon as the 'British carrier' has received a formal offer from one of its potential suitors. CEO Kenton Jarvis responded to the report on Thursday. Reports on Wednesday said that the EU could tighten airline ownership regulations, which would potentially complicate easyJet's takeover. Both of easyJet’s bidders, Apollo and Castlelake, are based in the United States. The airline has chosen Apollo's PS5.7billion ($7.6billion) bid over Castlelake's?lower offer. Jarvis explained that the board would consider both value and deliverability in evaluating any 'offer. Deliverability includes, for example, being...

EasyJet, the target of a takeover, reported a PS85million ($113.8million) profit in its 'third quarter' on Thursday. This was a significant drop from a year earlier due to disruptions caused by Iran war, but said that consumer confidence is increasing as we enter 'peak summer season. The British budget airline, which has backed U.S. investor firm Apollo's PS5.7billion?takeover?offer over Castlelake's?repeated?approaches, stated that there was a strong demand for bookings made late in the month before departure, throughout the entire quarter. It also said it had 68% of its seats sold during the fourth quarter. The 'five-month war' has a dreary...

Two sources who have direct knowledge of the situation said that Indian billionaire Gautam 'Adani's group is considering launching a new airline. This could reshape the competition in a market currently dominated by IndiGo &?Air India. Sources declined to be named because they weren't authorised to talk to the media. According to the first source, India has been encouraging business groups to start an airline, including Adani. This is due to the ongoing scrutiny of Air India after 'last year's crash, and IndiGo's operational problems that led to 'widespread disruptions in December'. Adani?did not immediately respond to?questions from?. Reporting by...

These are the most popular stories in the Wall Street Journal. The?has not?verified these stories and?does not?vouch for their accuracy. Union Pacific has struck a deal with Canadian National Railway in which it will give Montreal Railway more access to the Midwest, in exchange for the company ending its opposition to Norfolk Southern's merger with the American railroad. After the companies made concessions in relation to film distribution, the European Union has approved Paramount's $81 Billion bid to purchase Warner Bros Discovery. IBM CEO Arvind Krsna urged the company to shift its sales force away from large licensing deals and...

Two sources who are 'directly familiar with the matter' said that the 'group of Indian billionaire Gautam adani is pondering launching a brand new airline. This could reshape the competition in an industry dominated by IndiGo &?Air India. Sources declined to be identified as they weren't authorised to speak with the media. According to the first source, India has been encouraging business groups to start an airline, including Adani. This is due to the 'ongoing scrutiny' of Air India following 'last year's crash' and IndiGo's operational problems that caused widespread air traffic disruptions in December. Adani?did not immediately respond?to questions?from....

Data from the U.S. shows that the demand for jet fuel in the U.S. reached a record last week, as soccer fans descended on New York and New Jersey to watch Spain play Argentina in the World Cup final. Energy Information Administration reported on Wednesday. The data shows that the U.S. jet fuel product supplied, which is the EIA’s way of measuring the demand for fuel based on how much fuel is leaving refineries and primary sources of supply, reached 2.15 million barrels a day in the week ending July 17. EIA data shows that the previous weekly record was...

Southwest Airlines predicted third-quarter profits?below Wall Street's expectations on Wednesday. After renewed U.S. - Iran?fighting, fuel prices rose again. This overshadowed the benefits from strong?travel demands and gains made by?assigned seats and extra legroom offerings. The shares of the carrier dropped more than 2% during extended trading after it predicted adjusted earnings for full year of $3.25 - $4.25 per share. This was below its previous forecast at least $4. U.S. Airlines have increased fares, baggage fees and schedules in order to offset the soaring fuel costs that have added billions of dollar to industry expenses. U.S. airlines' fuel bills...

The U.S. National Transportation Safety Board announced on 'Wednesday that it had not ruled out the possibility of age or service problems in a?investigation into an occurrence in which a passenger was partially sucked out a broken window in a Boeing 737 NG after an engine failure. The letter contradicts Ryanair CEO Michael O'Leary, who on Monday said that an initial investigation found "foreign objects damage", and not the age of the aircraft or its servicing conditions. Jennifer Homendy, Chair of the NTSB, wrote to O'Leary in a letter that the NTSB had not reached this conclusion. Our investigators are...