Berkshire Hathaway announced a $2.65 billion investment into Delta Air Lines on Friday, as well as a small stake in Macy's. It also said that it had sold many of its smaller stock holdings such Amazon.com and UnitedHealth Group. These changes were made as part of the portfolio reshuffle that took place in the first quarter following the promotion of Greg Abel, who succeeded Warren Buffett at Berkshire. Berkshire announced in a regulatory filing that they also tripled their stake in Alphabet (parent company of Google), which is now one of the largest investments in common stocks. Berkshire has also...

Federal Aviation Administration (FAA)?said on Friday that it would be reducing its target of?air traffic controller staffing. It also pledged to modernize the scheduling system and increase the amount of time employees spend managing traffic. The FAA announced that it has lowered its target to 12,563 certified air traffic controllers from 14,633. According to a National Academies of Sciences study published last year, overtime costs for air traffic control have increased by over 300% in the past two years, reaching more than $200 million. The report cited a misaligned workforce and an inefficient schedule. According to the report, 'the time...

The aviation industry was blindsided by the sudden increase in jet fuel costs from $85 to $100 to $150 to $200 per barrel during the U.S./Israeli war on Iran. Fuel accounts for as much as a quarter or more of the operating costs, which has forced airlines to increase fares and re-evaluate their financial forecasts. 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, as well as a spike in fuel costs will have "a significant impact" on its first-quarter results. AIRASIA...

Middle Eastern carriers increased capacity following the Iran War, and airlines outside the Gulf have rerouted flights between Europe & Asia away from major hubs within the region. The latest flight information is listed below alphabetically. AEGEAN AIRLINES On May 21, Greece's largest airline will resume flights from Heraklion to Tel Aviv, Rhodes and Larnaca. Thessaloniki-Tel Aviv flights are cancelled up until June 26. Flights to Riyadh, Amman and Erbil will resume on May 21. Flights to Dubai will be cancelled until June 29. Erbil, Baghdad and Baghdad flights are also cancelled until July 2. AEROFLOT The Russian flag carrier...

Singapore Airlines executives announced on Friday that they will continue to increase their capacity, despite the fact that some of its largest rivals, such as Cathay Pacific and Qantas, have cut flights because of the soaring 'fuel prices' caused by Middle East conflict. In a briefing on its results, Singapore's national carrier highlighted its strong balance sheet, with S$7.9bn ($6.19bn) in cash, and the continued demand for their flights, especially as passengers continue to seek alternate hubs, to avoid transiting through the Gulf. Singapore Airlines' Chief Commercial Officer Lee Lik Hsin said to analysts and journalists that the airline is...

Donald Trump, U.S. president, told Fox News Channel’s Sean Hannity that China had agreed to purchase 200?Boeing commercial jets. This is the first time in almost a decade that China has purchased U.S. made commercial jets. Boeing shares dropped more than 4% following the?comments. The total was lower than the media reports that suggested that Boeing was close to a deal for 500 or more planes to China. The White House didn't immediately respond to an inquiry about whether Trump was referring to all Boeing orders or just narrowbody or widebody aircraft. Boeing didn't?immediately reply to a comment request. U.S....

A Chicago jury awarded $49.5 Million to the family of a woman killed in the crash of Ethiopian Airlines Boeing 737 MAX in March '2019. The jury awarded the family of Samya stumo $21 million on Wednesday for her experience during the fatal flight. They also received $16.5 million to compensate for their loss of companionship, and $12 million as compensation for their grief. This is the second verdict resulting from the fatal crash. A jury in November ordered Boeing to pay over $28 million to a family of an?United Nations environment worker who died in the 2019 crash. Boeing...

Michael O'Leary, CEO of Ryanair, said that the airline does not expect any disruptions in jet fuel supplies this summer. However its profits may be "a little bit under pressure" if oil prices continue to rise. O'Leary, the CEO of Europe's biggest airline by passenger numbers, said that he does not anticipate having to cancel any flights in this summer, but continues to reduce fares to "boost" demand, as some customers are hesitant to book holidays. "Our profits could be impacted for the next year if oil prices continue to rise," O'Leary said at a press conference on Thursday, ahead...

Middle Eastern carriers increased capacity following the Iran War, and airlines outside the Gulf have rerouted flights between Europe and Asia to avoid major hubs within the region. The latest flight information is listed below alphabetically: AEGEAN AIRLINES On May 21, Greece's largest airline will resume its flights from Heraklion to Tel Aviv, as well as Rhodes and Larnaca. Thessaloniki-Tel Aviv flights are cancelled through June 26. Flights to Beirut resumed on May 12, and flights to Riyadh, Amman and Amman will begin on May 21. Flights from Dubai to Erbil, Baghdad and Dubai have been cancelled until June 29....

According to the annual report of 'Air 'India's' 25% shareholder Singapore Airlines, Air 'India's' record loss was more than $2 billion for its fiscal year '2025-26'. India's second largest airline had been impacted by disruptions caused by the Iran War and Pakistan's ban against Indian carriers flying in its airspace. Singapore Airlines, who owns 25% of 'Air India', revealed in its annual report released on Thursday that the Indian group had suffered losses totaling 3.56 billion Singapore dollars or $2.80billion at current exchange rates for the year ending March. Singapore Airlines didn't specify the exchange rate that it used to...

Singapore Airlines reported a 57.4% drop in its full-year profit on Thursday. The airline warned that the higher fuel costs were still 'filtering through' and would be felt more in the coming year. Jet fuel prices have risen far beyond crude oil prices since the U.S. and Israel war against Iran began in late February. This has compounded cost pressures across the entire aviation industry. Singapore Airlines said that the impact of fuel prices on its group's expenditures was only partially reflected in March 2026. It said that while SIA and Scoot had raised their air fares, they could not...

All?11 passengers aboard a private plane that crashed in the sea near central Florida'survived' and were rescued by a u.s. rescuer a few hours later. Air Force Reserve Team, U.S. Coast Guard officials and Air Force officials announced on Wednesday. At a press conference held a day following the crash, Air Force Major Elizabeth Piowaty (commander of one of the aircraft that was involved in the rescue) told reporters: "It's pretty miraculous for all of those people to have survived." The plane that crashed, a twin engine turboprop with 11 adults aboard, was about 80 miles away from Melbourne, Florida....