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Passenger Transportation Services
There are some flights to the Middle East that have resumed but there is still disruption.
As regional carriers re-build their schedules following war-related disruptions, some airlines are gradually restoring flights to the Middle East. However, the conflict continues disrupting wider traffic flows. Middle Eastern airlines have increased capacity following severe disruption caused by the Iran War, but many carriers outside of the Gulf still divert Europe-Asia flights to avoid the area. The latest flight information is listed below alphabetically: AEGEAN AIRLINES The largest airline in Greece has cancelled flights between Thessaloniki and Tel Aviv up until June 26. Dubai flights are cancelled until August 31. Erbil, Baghdad and Erbil flights will be cancelled until July
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Passenger Ground & Sea Transportation
Special Report-Why Tesla AI trainers do not trust self-driving technology or safety statistics
In an office in Utah, hundreds of Tesla employees scrutinize the video footage collected by cars using the Full Self-Driving feature (FSD). In some clips, the cars are shown hitting deer or cats. Other clips show more common accidents. They sometimes don't stop before hitting. They speed up a lot. Sometimes, workers witness children playing on the street. These Tesla staffers, also known as "data labels," train the AI-powered Tesla driver-assistance system. They note incidents of good driving and bad driving, and report problems to engineers who are working to improve the software. Elon Musk, Tesla's CEO, says that FSD
Passenger Transportation Services
Passenger Transportation Services
Airport chief: US military aircraft affecting Israeli commercial activity
Ben-Gurion International Airport near Tel Aviv is operating at only one-third capacity because of the presence of U.S. fuelling aircraft. This could lead to heavy flight cancellations in summer, according to the head of Israel Airports Authority. Director general Sharon?Kedmi told Kan's Reshet Bet that the military activities at the airport are limiting 70% of airport activity. He said, "We only use one-third the operational capacity of the airport." "We have reached the limits of our abilities." We will cancel some flights in the next few days. He added that foreign carriers would not be able to return in the...
Passenger Transportation Services
United Airlines CEO rejects consolidation after American rejection
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....
Passenger Transportation Services
GE Aerospace sees no airline pullback in engine maintenance despite fuel spike
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,...
Passenger Transportation Services
American Airlines' resilient demand cushions fuel price hit
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....
Passenger Transportation Services
Sources say American Airlines will double the number of employees at its India tech hub.
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...
Passenger Transportation Services
Airline cancellations in response to Middle East conflict
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...
Passenger Marine Transportation
Top recycler GMS receives US approval for scrapping ships that are sanctioned
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...
Passenger Transportation Services
Source: Air India reduces June-July flights by 22% because of high jet fuel prices
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...
Passenger Transportation Services
SpaceX's Starship Test Strengthens IPO Case, but Obstacles Remain
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....
Passenger Transportation Services
China's CNOOC begins full production at Bohai Kenli Oilfield
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...
Passenger Transportation Services
Bloomberg News reports that China has stalled Airbus approvals in order to put pressure on Europe for home-made Chinese jets.
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...
Passenger Transportation Services
NTSB asks FAA to revise safety assessments of runways during heavy rain
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...
Ground Transportation
Amtrak, the US passenger rail company, sets a record for ridership and cuts losses
Amtrak, the U.S. passenger rail company, said Tuesday that it had set records for revenue and ridership in a single year. It also cut its losses by 15 percent to $598 millions and is aiming for profitability by 2028. Amtrak is a major effort in rehabilitating the infrastructure of the Northeast corridor between Boston, Massachusetts and Washington. It is expanding service throughout the United States by purchasing new Acela trains with higher speeds and replacing regional trains from next year. Amtrak reported that in the twelve months ending September 30, it had 34,5 million trips made by customers, an increase...
Whaleboat sinks into river in Congo, killing at least 107 people
According to a government internal report viewed by us on Friday, at least 107 people died when a whaleboat caught blaze in the west of Democratic Republic of Congo. In a memo, the Ministry of Social Affairs stated that 146 people were missing after the boat, which was a narrow double-ended open vessel, caught fire near Malange Village in Lukolela Territory on Thursday night. The note stated that rescue teams recovered 209 survivors after the vessel burnt and drifted downriver. The fire destroyed the cargo and 15 riverside houses. The search operations continued Friday, with community volunteers and naval personnel...
As inventories shrink, premiums for copper contracts on the nearby LME soar.
The premiums for copper contracts near London Metal Exchange have increased to their highest level since October 2022 due to low inventories, large cash contracts and warrants held by traders. The title document that confers ownership on metal is a warrant. Tom-next, also known as the premium or backwardation that is charged for purchasing copper tomorrow and then selling it the next day, is currently trading at above The price of a metric tonne is $48. This compares to a $2 discount at the beginning of the week. The premium for the cash Copper Contract over the Three-Month Forward It...