On Wednesday, the German and French defence ministers gave 'differing' timelines for a decision to be made on the Franco-German FCAS Fighter Jet Project. One said that the leaders of the two countries would decide soon. The other stated that mediators wanted more time to discuss this matter. The plans to create a futuristic system of air combat with Spain hang by a thin thread due to a public disagreement over the control between France's Dassault and Airbus which represents Germany?and Spain on the 100 billion euro ($117billion) project. The mediators tried to resolve the 'dispute' by April 18 but...

The global air travel industry is still severely affected by the Iran War. Many people are unable to reach their destinations as planned after major Middle Eastern hubs such as Dubai, Doha, and Abu Dhabi were closed. The latest flight information is listed below alphabetically: AEGEAN AIRLINES Greece's biggest carrier will resume its flights to Tel Aviv on?April 28. Flights from Heraklion, Rhodes and Larnaca will be available on May 3, May 3, and May 21, respectively. Thessaloniki-Tel Aviv flights are cancelled up until June 26. The airline has canceled flights to Beirut, Riyadh, Amman and Dubai until June 28....

Boeing reported on Wednesday a smaller first-quarter profit than analysts expected. This is a sign that the U.S. aircraft manufacturer continues to recover from the pandemic, and the 'years' of crises which have damaged its reputation and left a mountainous debt. The company reported a net loss of $7 million for the third quarter. This was lower than the $31 million loss in the same period last year. According to LSEG, the core loss per share was 20 cents. This is much lower than analysts' average losses of 83 cents. Boeing shares rose by 3% on premarket trading. Boeing CEO...

Boeing reported on Wednesday a smaller loss in the first quarter than analysts had expected. This is a sign of a continued recovery from COVID-19 and other crises which have damaged its reputation and led to a mountainous debt. Aerospace giant reported a net loss of $7 million for the third quarter. This is a much smaller loss than the $31 million it suffered during the same time period last year. The core loss of 20 cents per share was much lower than the analysts' average loss of 83 cents. Boeing CEO Kelly Ortberg wrote in an internal memo that...

The U.S. and Israeli war against Iran, which has pushed up jet fuel prices, has shook the aviation industry around the world. Airlines have been forced to increase fares and revise financial forecasts. In recent weeks, jet fuel prices have increased from $85-$90 per barrel up to $150-$200 per barrel. This is a major financial blow to an industry that relies on fuel for as much as a quarter of its operating costs. Here is an alphabetical list of the ways airlines are responding to this issue: AEGEAN AIRLINES The Greek airline anticipates that the suspension of Middle East flights,...

Wall Street is roaring back to record-highs despite the uncertainty surrounding the conflict in Iran. This risk has been highlighted by the'steady drumbeat' of CEOs warning about the economic impact of prolonged high oil prices. Why? Stocks look cheap. S&P 500 is trading at 20.8 times the expected earnings of its constituents over the next year. This price-earnings is at its lowest level in a year. It suggests that U.S. stock are better to buy than they were at the beginning of 2026 when the benchmark was trading at more than 22 times earnings. Investors and market participants expect the...

The major stock markets in the Gulf were?mixed? on Wednesday as caution?over?the continued closure of?the Strait?of?Hormuz offset?U.S. Trump's decision to extend the ceasefire indefinitely with Iran was a major factor. Trump announced on Tuesday that he will extend the ceasefire in order to facilitate further peace talks with the aim of ending the war, which has claimed thousands of lives and shaken the global economy. The U.S. Navy maintained its blockade on Iran's coastline and ports, which Tehran called an act of warfare. The Strait of Hormuz, which is responsible for around 20% of global oil and gas supplies, was...

These are the most popular stories from?the Wall Street Journal. These stories have not been verified and?has no?guarantee for their accuracy. Iraqi and U.S. officials said that the Trump administration has frozen security programs with Iraq's military as well as suspended U.S. dollars shipments. This is a way to increase pressure on Baghdad, to demantle powerful Iranian backed militias. Kevin Warsh, the Fed's nominee for chair, told senators that he would make a radical departure from recent monetary policy. He also promised to maintain independence from President Obama who has frequently expressed his desire for looser monetary policies. Amazon.com is...

U.S. Federal Aviation Administration'said Tuesday that it was investigating a close call between?two passenger planes at New York John F. Kennedy International Airport. The?crew?of Republic Airways Flight 4464 made a go-around after they missed the intended approach path at John F. Kennedy International Airport and flew too close to Jazz Aviation Flight 554 which was cleared to land on a parallel?runway. The FAA released a statement on Monday about the?incident. Both crews responded to the?onboard alarms. The FAA is currently investigating the incident, it said. According to Flightradar24, the two planes were within 350 feet (106.68 meters), vertically, and 0.62...

Sean Duffy, the U.S. Transportation Secretary, raised concerns on Tuesday about using taxpayer funds to save a?low-cost?bankrupt airline Spirit Airlines. "We don't want Spirit to lose money. They've spent a lot and haven't been profitable. Would we then just delay the inevitable, and own it? Duffy stated in an interview. "Or is Spirit on a path to success and I don't know what the answer to this question is." Donald Trump stated Tuesday that he would love to see someone buy bankrupt low-cost airline Spirit and said the federal government might get involved. Trump said, "It's a 14,000 job situation....

United Airlines forecast Tuesday that its second-quarter and annual profits would be below Wall Street's estimates as high jet fuel prices squeeze margins. This will cloud the airline's near-term outlook even though demand for premium travel remains robust. The Chicago-based carrier expects to earn between $1 and $2 per share adjusted in the second quarter. According to LSEG data, the midpoint, $1.50 is lower than analysts' average estimates of $2.08 per share. It predicted a full-year profit between $7 and $11 per share compared to an expectation of $9.58. United's stock was down about 2% after-hours. The airline's?forecast is based...

United Airlines?forecast?second-quarter and?full-year -profits -below Wall Street expectations on Tuesday as a'surge in fuel -prices?squeezes -margins and clouds -its near-term outlook. The Chicago-based carrier expects to earn adjusted earnings between $1 and $2 per share during the second quarter. LSEG data shows that the midpoint, $1.50 is lower than analysts' avg. estimate of $2.08. It predicted a full-year profit of $7 to $10 per share, compared to an expectation of $9.58. United expects to spend about $4.30 a gallon of fuel during the current quarter based on the curve forward as of April 17. This highlights the increasing pressure due...