United Airlines CEO Scott Kirby stated on Wednesday that the carrier will not pursue airline consolidation in the near future. This comes after American Airlines rejected his proposal for a possible merger. Kirby, speaking at a Bernstein Investor Conference, said that he has long believed that the "big deal"?United was pursuing was the only one which made economic sense. But he added that such a deal would require a partner who was willing to do it, which "we clearly don't" have. "I don't believe that United at least will participate in any sort of consolidation in the near future," said?Kirby....

GE Aerospace CEO Larry 'Culp stated on Wednesday that despite higher fuel prices and softer flight departures, airlines have not slowed down on orders for engine parts or maintenance, indicating continued strength in GE Aerospace's high-margin aircraft engine aftermarket business. Culp, speaking at the Bernstein Investor Conference, said that departures have dwindled over the last eight weeks and growth is now "relatively stagnant." He said GE Aerospace did not see any operational impact, or any change in the commercial behavior of airline customers. Culp stated that "we feel very good about second quarter." He cited a?continued strong performance in spare-parts,...

American Airlines has maintained its full-year profit forecast despite a sharp rise in fuel costs, according to CEO Robert Isom at the Bernstein Investor Conference on Wednesday. He said that higher revenue, corporate travel and premium demand helped cushion the blow of rising oil prices. Isom stated that there is "no doubt" the demand for travel?is K-shaped, with high-income customers outpacing lower- and middle-income customers. He said that travel is growing for all income levels, with American Airlines about 80% booked in the second quarter. Corporate travel has increased 13% over the past year, and leisure travel is "incredibly" high....

Two people with knowledge of the matter said that American Airlines Group, the U.S. carrier, plans to double its headcount at its India technology center to 800 by early next year. Southwest Airlines, a rival airline, announced last week that it plans to expand the global capability center in Hyderabad to 1,000 employees within the next few decades. JPMorgan Chase and Walmart, McDonald's and Nvidia, along with Eli Lilly, have also expanded their technology operations in India, to tap into its talent pool. These hubs, which were formerly mainly back-office functions, now handle core functions such as engineering, R&D and...

Middle Eastern carriers increased capacity following the disruption caused by the Iran War, and airlines outside the Gulf have rerouted flights between Europe?and Asia away from major hubs in that region. The latest flight information is listed below alphabetically: AEGEAN AIRLINES On May 21, Greece's biggest carrier will resume flights from Heraklion to Tel Aviv, as well as Rhodes and Larnaca. Thessaloniki-Tel Aviv flights are cancelled up until June 26. Erbil, Baghdad and Dubai flights are all cancelled until August 31. AEROFLOT The Russian flag carrier announced that it will resume flights to?the United Arab Emirates? from June 1. AIRBALTIC...

The CEO of the world's largest ship recycler said that Dubai-based GMS won approval from the U.S. Government to scrap four containers ships which were subject to?Iran related sanctions. This could pave the way for Washington to reduce its shadow fleet?of?such vessels. The fact that hundreds of ships are not insured or complying with environmental safety standards has helped Iran and Russia to circumvent sanctions. They also pose a risk of fuel spills and oil leaks along busy sea routes. A mechanism approved for scrapping these vessels can be used to encourage their removal from circulation. This will reduce environmental...

Air India, India's second largest?airline will reduce domestic flights by?22% in June and July, according to a source familiar with its plans. The industry is grappling with an increase in jet fuel prices in response to the Iran War. These cuts come after the airline reduced its international routes to create room for foreign carriers to increase flights into and out of India. Air India announced in a?statement that between June and August, it "temporarily streamlined operations on certain domestic route" These adjustments are a result of the impact that high fuel prices have had on operations. Air India will...

SpaceX's Starship launch, which was upgraded on Friday, made enough progress to maintain the momentum behind?Elon Musk’s $1.75 trillion IPO. However Musk warned that the rocket's full reusability is still a work-in-progress. Starship is crucial?to lowering SpaceX’s launch costs, expanding Starlink’s?satellite?business - its main cash generator - and supporting future endeavors such as space-based computing and deployment of orbital AI-data-center satellites, and possibly human missions to Mars and the moon. "SpaceX didn't need perfection in this Starship flight. Mark Vena CEO of SmartTech Research said that it needed to show that the upgraded vehicle was moving in the right directions....

China's CNOOC announced on Wednesday it had commenced full production at the?Kenli 10-2/Phase I oilfield in the southern Bohai sea, off northern China. The output was over 20,440 barrels per day. China's largest offshore 'oil producer' started producing heavy oil at the Kenli 10-2-oilfield in July 2025. The 'rapid completion' and 'commissioning' of other key projects such as Bozhong26-6 helped Bohai Oilfield achieve a cumulative oil and equivalent production output exceeding 40 million metric tonnes. Kenli 10-2 has an average water depth of?20 meters (65.62 feet) and?proven?geological reserves? exceeding 100 million metric tons. The project includes a central platform, two...

Bloomberg News reported that China had'stopped the approval of Airbus delivery to show 'impatience at European regulators who were delaying certification for Chinese-made COMAC planes. Reports cite people with knowledge of the situation as saying that the 'Civil Aviation Authority of China (CAAC)' has been delaying the final approval for Airbus jets entering the country and being put into service. Airbus has delivered the fewest commercial aircraft in the first quarter of the year since 2009. Chief Executive Guillaume Faury said last month that the delay was caused by a "administrative issue" which held up nearly 20 aircraft bound for...

The U.S. National Transportation Safety Board called on the Federal Aviation Administration on Tuesday to revise its assessment of runway conditions during heavy rain, citing safety risks that airplanes could skid off the runway. These recommendations are the result of NTSB investigations into 11 runway overrun incidents and accidents that occurred from 2008 to 2022 after landing on wet runways. The NTSB asked the FAA for a reform of the so-called?Runway Condition Assessment Matrix? that uses a 6-point scale to assess the condition of paved runways. The board cited a 2019 runway overrun by a Boeing 737 at Jacksonville, Florida...

SpaceX has been awarded a $2.29billion contract by the U.S. 'Space Force' to build a high-speed, secure satcom network that will 'connect military sensors, weapons platforms and communications across the globe. The Space Data Network Backbone is covered by the non-traditional fixed-price contracting agreement. This resilient network architecture provides high-capacity, low-latency data transport for the military. Space Force has said that the vendor will have to deliver a fully functional prototype capability by 2027. The SDN, among other things, will be responsible for providing the communications pathways to integrate and move data from missile warning and tracking sensors to interceptors...