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Transport Infrastructure
Sources say that Iraqi oil loadings are temporarily suspended after a drone strikes a tanker in Basra.
Iraq temporarily suspended oil loadings at its Basra terminal on Thursday before they were resumed, according to four Iraqi sources in the oil and security industries. Sources added that the drone was not damaged or set ablaze and that it wasn't immediately apparent who launched it. The head of Iraq's state-owned oil marketing company SOMO said that the incident did not involve a direct assault on terminals or vessels. It is not targeting Basra Oil Terminal. It is not targeting Basra Oil Terminal. Ali Nazar stated that loading is done at the normal rate, depending on vessel availability. A spokesperson
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Passenger Transportation Services
GE Aerospace raises its 2026 forecast as airlines maintain maintenance spending
GE Aerospace increased its profit?forecast for 2026 on Thursday as airline spending?on parts and services remained stable despite higher fuel prices - and fewer flights. As the Iranian war disrupts oil shipping routes around the world, jet fuel prices are rising and airlines have to cut back on capacity. GE Aerospace Services is closely linked to aircraft departures. Increased flying?drives increased engine wear and maintenance demands. The company said that any impact on revenue and profit from'services' this year will be minimal, since much of the work for '2026 is already secured, and spare parts demand continues to outpace supply.
Passenger Transportation Services
Passenger Transportation Services
Search called off after one confirmed dead and three suspected dead in capsized boat found in San Francisco Bay
The U.S. Coast Guard called off their'search for missing people from a triple-deck pontoon that capsized in San Francisco Bay?a day earlier. According to officials from the Coast Guard and San Francisco Fire Department, a pleasure boat with 20 people on board rolled and sank Tuesday near Alcatraz Island after being hit by a large sea. Good Samaritans on other boats nearby, including a couple fishermen, rushed onto the scene to rescue many of the people clinging to a sinking boat's side before emergency response teams arrived. Officials said that one victim was confirmed to be dead on the scene,...
Passenger Transportation Services
US Aviation Industry urges Congress to allocate $20 billion for air-traffic control upgrades
The U.S. aviation sector asked Congress to allocate $20 billion on Wednesday to complete a massive project to modernize America’s aging air traffic control system and reduce systemic flight disruptions. A coalition of aviation companies, including airlines, aircraft manufacturers, airports and unions, said that $20 billion was needed to upgrade or replace hundreds of old air traffic control systems, to deploy the latest technologies for controllers, and to develop advanced tools to manage airspace traffic to improve safety. The Congress allocated $12.5 billion for the project of replacing outdated technology and increasing staffing in air traffic control towers. The new...
Passenger Transportation Services
United's profit in 2026 is at the high end of its forecast, despite a renewed fuel price surge
United Airlines said Wednesday that it expects a 'full-year profit to be at the upper end of its previous forecast, betting on strong travel demand, higher fares, and a renewed rise in fuel prices, despite its earnings outlook for the third quarter falling short of Wall Street's expectations. In extended trading, shares fell 5%. The Chicago-based airline now forecasts that its fuel bill will be approximately $6 billion more than what it predicted at the beginning of the year. The top of the range is?about 5% higher than the $10.46 expected per share by LSEG's analysts. United expects adjusted earnings...
Passenger Transportation Services
United's profit in 2026 is at the high end of its forecast, despite a renewed fuel price surge
United Airlines announced a 'full year profit forecast at the upper -end of its previous 'forecast, as strong travel demand and increased fares offset a new surge in fuel prices. Chicago-based airline now forecasts 2026 adjusted earnings per share to be at the top end of its previous range of $9 to $11, despite a fuel bill that is expected to be $6 billion more than what it anticipated at the beginning of the year. The top?end?of this range is about 5% higher than the $10.46 expected by LSEG's analysts. United expects adjusted earnings for the third quarter to range...
Passenger Transportation Services
There are some flights to the Middle East that have resumed but there is still disruption.
After the conflict following the?U.S. Some airlines have maintained suspensions despite the Israeli and U.S. strikes on Iran. Below is an alphabetical update of the flight statuses for airlines. AEGEAN AIRLINES The largest airline in Greece has cancelled all flights to Dubai and Erbil until August 31 and Baghdad and Erbil until September 30. AIRBALTIC Up until October 24, all flights to Dubai are cancelled. AIR CANADA Canadian Airlines has cancelled all flights to Tel Aviv, Dubai and Abu Dhabi until October 24. AIR FRANCE-KLM Air France suspends its Beirut flights from August 2 to August 2. KLM has suspended...
Passenger Transportation Services
Portugal: TAP buyer will be determined by strategy and not price
The decision to sell a minority stake in TAP is a strategic one that depends on much more than the price. Portugal has relaunched the long-delayed TAP privatisation, with a view to selling a 44.9% share to a strategic partner airline to increase its global reach, and to improve competitiveness. 5% of this stake will be reserved for employees. The government has requested that Air France-KLM and Lufthansa submit binding bids by the 29th of July after both airlines emerged as sole competitors, with initial offers they deemed to be "largely equal and very ambitious" in terms of strategic, industrial,...
Passenger Transportation Services
The wife of a Ryanair passenger who was partially sucked from the plane window recalls an incident
Svetlana and Ljubisa had just settled in to a Ryanair flight last week when a loud thud pierced through the engines. She saw her husband, 61, being sucked out of a cabin window that had become dislodged within seconds. On July 10, in what Greek officials described as a "rare incident", Karovic was dragged out of his window seat while his wife and other passengers held him. "I have never heard anything so loud in my entire life." Maksimovic said, "I?just turned around (then) and saw that part his body had already been thrown out of the window." She said...
Passenger Transportation Services
Air India crash investigation enters final stage after cockpit recording and psychology reviews
A court filing revealed that India's aviation accident investigation body had?prepared? a cockpit voice recording transcript, performed a psychological autopsy, and is now in the final stages of its investigation into last year's fatal Air India crash. The filing failed to identify who conducted the psychological autopsy or reveal any findings about the crash of a Boeing 787 which killed 260 people soon after takeoff from Ahmedabad in India. The Aircraft Accident Investigation Bureau in India (AAIB), without providing any further details, said that an analysis of the data from an engine monitor unit retrieved late in May was still...
Transportation
Farmers' union: Ukraine's Black Sea port loses a third of its grain export capacity
The main Ukrainian farmers' union has said that Ukraine has lost a third of its ability to export grain via its Black Sea ports because of the 'intensifying' Russian missile and drone strikes. Ukraine has been at war with Russia for more than four years, but agricultural exports such as grains and vegetable oil remain its biggest source of foreign exchange earnings. More than 90% are shipped through three ports located in southern Odesa. Odesa ports handled about?6 millions metric tons per month of cargo under a deal that allowed both countries to ship grains through the Black Sea. Moscow...
Passenger Transportation Services
Visual Investigation-The U.S. Army Veteran and the Mystery Boeings Flying Sudan's War Routes
On Wednesday, a visual investigation was published that showed that a 'fleet of aging Boeings operated by 'companies controlled by U.S. military veteran Steven Shaulis flew to the logistics hubs used during the Sudan War by the Rapid Support Forces. Outside the?world of business, Shaulis is a 63 year old U.S. Army Special Forces veteran who heads the CADG company based in Singapore, a global organization that holds a number of?U.S. United Nations contracts for decades. The investigation found that behind the scenes, Shaulis controlled firms operated at least three Boeing aircraft to fly to key logistic hubs used the...
Passenger Transportation Services
What were the names of the two pilots that flew the Air India jet which crashed?
A court filing revealed that Indian investigators had prepared a 'cockpit voice recording transcript', performed a psychological autopsy, and are now in the final stages of their investigation into last year’s deadly Air India crash. The court filing did not reveal the results of the psychological autopsy, or the identity of the subject. The following are short profiles of the two aircraft pilots based on media reports and the preliminary investigation report: CAPTAIN SUMEET SABHARWAL The 56-year old's airline transport pilot licence was valid until May 14, 2026. He was cleared to fly as a pilot-in command on several aircraft,...
Passenger Transportation Services
Air India's Boeing Dreamliner crash: Inside the cockpit
A court filing revealed that India's air crash investigating body had prepared a cockpit voice recorder transcript, conducted a mental autopsy and moved into the final stages of their investigation into last year's deadly Air India accident. The sequence of events as described by Indian investigators on July 12, last year, is shown below. Air India Dreamliner VTANB landed at Ahmedabad as AI423 at 05:47 GMT. 07:48 GMT - An aircraft was observed leaving Bay 34 of the airport. 07:55 GMT - Air traffic control granted the taxi clearance to the aircraft. A minute later, the aircraft taxied backwards and...
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...