Ship tracking data revealed that four tankers changed their navigational course on Wednesday in the Red Sea, with two of them indicating the Suez Canal as their new destination. Yemen's Houthi milita warned ships not to sail to Saudi Arabian port after warnings from the Houthi militia. According to LSEG and MarineTraffic'ship tracking data and analyses from British maritime -risk management group Vanguard, the?vessels changed their direction. The?other two indicated their destination as a?open?waters?in the Red Sea. According to shipping data, it appears that a fifth ship, a vehicle-carrier, turned back in the Gulf of Aden Wednesday after signaling the...

Airbus shares rose more than 5% on Wednesday after the European planemaker announced a EUR5billion ($5.7billion) share-buyback program and revealed new midterm targets, including a near-doubling of profits by 2020. Airbus announced late Tuesday that it was aiming for a core profit of EUR12 to EUR13 billion by 2029. This would be a significant increase from the EUR7.13 billion adjusted earnings before interest and taxes of last year, as well as a target far above EUR7.5 billion set in 2026. In a note for investors, Deutsche Bank analyst Christophe Menard stated that the EUR5 billion (or five billion euros) share...

Andy Burnham, the new British Prime Minister, promised a price cut of up to a third on single bus tickets as part of a push to reduce a cost-of living crisis. After his government announced that it would reduce taxes on electricity bills, the decision to cap tickets at PS2 ($2.68) in January was made. Downing Street announced that the extra funding for the bus ticket cap would come from reprioritising the Department of Energy, Security and Net Zero budget. "As I said on my first day as president, I will build a nation for everyone everywhere. Burnham said in...

The Indian aviation safety regulator has been reprimanded for not being vigilant enough to protect 'against officials who use their influence to help family get jobs in the industry and for failing to disclose such placements. Government documents examined by show. Documents show that India's Ministry of Civil Aviation, since mid-2025, has repeatedly challenged the Directorate General of Civil Aviation, its safety body for handling conflicts involving relatives of officials in airlines. One instance involved Air India. The concerns are at a crucial time for the DGCA, which oversees one the fastest growing aviation markets in the world. It also...

Cathay Pacific Airways, based in Hong Kong, said 'on Wednesday that it expects a higher first-half-profit for 2026. This is due to a?stronger passenger and cargo demand?, an improved performance by low-cost carrier HK Express, and higher contributions from associates. The airline group 'forecast' a profit between HK$6 billion?and HK$6.5?billion ($765.39 mln to $829.12 mln) for the half-year ended June 30. This is up from HK$3.7 bln in the same time period a previous year. The results include a gain of HK$1.4bn from the partial dilution in Air China. The airline stated that, after removing the one-off item from the...

Airbus announced its medium-term goals on Tuesday. These included a near-doubling of profits, and stronger shareholder returns. This showed confidence in the company's ability to ramp up production at a time when a battered aerospace industry is turning the corner with regard to supply disruption. The largest civil aircraft manufacturer in the world said that it aimed to achieve a core profit between EUR12 billion and EUR13 billion ($13.69 to $14.83billion) by 2029. It also announced a EUR5billion share buyback program. This goal is a significant increase from the EUR7.13 billion in adjusted earnings before taxes and interest that Airbus...

After meeting with Lebanon’s President Joseph Aoun on 'Tuesday', Donald Trump announced that the U.S. government would allow all domestic airlines to fly direct to Lebanon. In 1985, all U.S. flight were suspended after the hijacking TWA Flight 847, which was flying from Athens to Rome. The plane was forced to land in Beirut. A U.S. Navy Diver?died during the 17-day ordeal. U.S. officials must conduct an extensive security review at the Beirut Airport and certify it's safety before flights to Lebanon can resume. The U.S. airlines' willingness to resume flights was not clear. U.S. major airlines American Airlines, United...

Boeing asked the U.S. Government to pressure the European Union on transparency regarding a EUR3 Billion ($3.43 Billion) loan package?to Airbus. This resurfaced trade tensions following the two sides?extending a tariff truce?over jet subsidy. Airbus is reportedly planning to develop a new aircraft as early as 2030. This could spark a new wave of competition on the global jet market. After a 17-year fight at the World Trade Organization, both sides achieved partial victories over their mutual claims about aircraft subsidies. This led to a transatlantic wave of tariffs that hit other industries. The ceasefire, which was due to end...

Alaska Air forecast third-quarter profits below Wall Street expectations on Tuesday as fuel prices rose due to renewed U.S. - Iran?fighting. Seattle-based airline Alaska Airlines expects its third-quarter adjusted profits to be between $0 and $1 per share. According to data compiled and analyzed by LSEG, analysts had on average estimated a profit per share of $1.38. In extended trading, shares of the airline fell 3%. U.S. airlines will face additional fuel costs of billions of dollars this year due to the increased oil and jet-fuel price caused by the war in Iran, and the prolonged disruption of shipping through...

Hawaiian Airlines announced 'Tuesday it will retire a total of 19 'Boeing 737s that are more than 20 years older and replace them with larger 737 Next Generation jets in order to keep up with the growing demand for inter-island short flights starting in 2028. The 737 NG has around 160 seats compared to the?717s' 128. Hawaiian CEO Diana Birkett Rakow said in an interview that the airline needs extra capacity for the middle of each day. Alaska Airlines, the parent company of Hawaiian Airlines, announced it would be leasing four 737-800 freighters to nearly double its capacity. Alaska Airlines...

The Middle East's aviation industry is open for business, aviation executives from regional companies, including Emirates President?Tim Clark on Tuesday, sought to calm fears about spiralling conflicts. Clark said on Tuesday that as long as the current situation is manageable we can continue with our work. The airline is flying at 90% capacity, and premium cabins are full. Iran attacked U.S. targets in Bahrain, Kuwait, and Jordan on Wednesday, tearing apart a fragile interim agreement signed last month. Last week, Europe’s aviation safety regulator issued an advisory to avoid airspace in this region until July 29. Air France-KLM suspended flights...

The Brazilian planemaker Embraer announced on Tuesday orders for 28 E2 aircraft at the Farnborough Airshow, England. These included 20 jets ordered by South 'American airline group Abra Group and orders placed by existing clients Luxair and?Binter?. Abra's purchase of E195-E2 aircraft marks the first Embraer aircraft purchased by the group which controls Brazilian airline Gol, and Colombian carrier Avianca. Both airlines' fleets are currently Boeing and Airbus. Abra has not yet revealed how the aircraft will be allocated, but Gol would join rivals Azul and?LATAM as Embraer jet operators in the home market of the planemaker if Abra added...