Airbus Europe has cut back on non-industrial spending by 10% as supply chain issues and global uncertainty continue to affect its core business. They said that the clampdown will only affect activities related to the headquarters and planemaking division, but not production. The clampdown has been in place for several weeks, and is part of the LEAD project launched in 2024 to reduce costs. Sources said that the new "cost-containment" measure aims to reduce the use of outside contractors, which are traditionally a major resource for the largest planemaker in the world. Airbus, based in Toulouse, declined to comment. This...

Smaller European airlines have urged EU officials to reconsider planned reforms of passenger compensation rights on Tuesday, arguing that the spike in jet fuel costs due to war with Iran has left them unable to bear additional financial burdens. EU institutions are currently negotiating the reform of EU261, a decades-old regulation on passenger rights. Air passengers are entitled to compensation for delays of more than three-hours, under the existing rules. The amount is determined by flight length and can range from 250 euros (US$292.95) up to more. Next round of discussions is scheduled for June 2. In a letter sent...

A union spokesperson announced on Tuesday that members of the Portuguese 'cabin crew' union SNPVAC had voted to join an upcoming?June 3,?nationwide?strike which will disrupt flights operated TAP, Ryanair, and EasyJet. Portugal's largest umbrella union, CGTP called the general'strike' in protest of the government's 'labour reforms'. SNPVAC stated that it could not be indifferent to what it called a "unprecedented assault on fundamental rights and established rights" by the Government. TAP, the largest airline in Portugal, operates about 300 flights a day between the airports and the base. Ryanair?and easyJet are the next two airlines, then smaller carriers like?Azores Airlines....

British Airways delayed the resumption of flights to Dubai, Doha and Tel Aviv for a month to August 1, according to its website. Since the U.S. and Israeli war against Iran began late in February, a number of airlines have cancelled flights to or from?the area. British Airways spokesperson said that due to the current situation in the Middle East, they have altered their flight schedule to give more clarity to 'our customers. IAG's long-haul carrier plans to cut flights to the Middle East once?services return, and permanently drop Jeddah from its list of destinations, as it announced in April....

These are the most popular?articles on the New?York?Times?business pages. The New York Times has not'verified' these stories, and cannot vouch for their accuracy. U.S. president Donald Trump's government created on Monday a fund of nearly $1.8 billion to compensate victims who were "weaponized" by political forces. This was to settle the lawsuit Trump filed against his government over alleged mismanagement of his tax records. After a wage agreement was reached with the New York Governor Kathy Hochul, 3,500 workers at the Long Island Rail Road in New York will end their strike. This is the first strike for'more than three...

The 'Australian Government' said that it had secured three shipments of jet-fuel from China, and additional urea for agricultural use from Brunei. This is to boost fuel and fertiliser stocks amid the disruptions caused by Iran War. After discussions between Premier Li Qiang and Prime Minister Anthony Albanese, the government announced that more than 600,000. barrels of jet fuel, or approximately 100 million litres would be arriving in early June. Beijing has been limiting fuel exports to protect the domestic supply since March after the Strait of Hormuz was closed, disrupting crude and fuel flow. The government of Australia said...

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 biggest carrier will resume its flights from Heraklion, Rhodes, and Larnaca to Tel Aviv. Thessaloniki-Tel Aviv flights are canceled until June 26. Flights to Riyadh,?Amman and Erbil will resume on May 21. The airline has cancelled flights to Dubai until June 29 and Erbil and Baghdad till July 2. AEROFLOT The Russian flag carrier has announced that it...

Ryanair warned on Monday that the U.S. and Israeli war against Iran would likely cause consumer anxiety, which could wipe out any increase in summer fares. However, the threat of fuel shortages has receded as suppliers adjust to the closing of the Strait of Hormuz. Commentary came at the same time as Europe's biggest airline by passenger number reported a record-breaking profit for its fiscal year ending in March. This was slightly above analyst expectations. Ryanair said last week that it does not expect any disruptions in jet fuel supplies for Europe this summer, but its profit may be "a...

Ryanair warned on Monday that economic uncertainty "looks like it will wipe out any growth" in fares during the summer peak months, as the Irish airline reported a profit slightly above expectations for 'the year to March. Last week, the largest airline in Europe by passenger numbers said that it did not expect any disruptions to the jet fuel supply in Europe during the summer months. However, its profit could be "a little under pressure" if oil prices continue to rise. It reported a profit after tax of 2,26 billion euros for the year that ended in march, compared to...

China's 'commerce ministry' described the tariff, aircraft and agricultural deals as "preliminary". This was in response to Donald Trump's visit this week. Trump left Beijing Friday, after two days of talks between President Xi Jinping and Trump that were filled with pageantry and warm words but with limited details on tangible outcomes in trade and investment. The ministry announced on its website that the two parties had agreed to create an investment board and?a trade panel to negotiate reciprocal tariff reductions on specific products, as well as larger cuts on unspecified goods, including agricultural products. Beijing also said that both...

Rescue officials and the deputy transport minister reported that at least eight people died and 32 others were injured after a train struck a bus in Bangkok and ignited a fire. Officials said that firefighters and rescue crews responded to the incident as fires consumed the bus and vehicles nearby near the Airport Rail Link station in Makkasan. They added that the crash involved motorcycles and cars. According to preliminary reports, the bus was stopped "on the tracks" at a red signal, which prevented the crossing barriers from closing. Deputy Transport Minister,?Siripong, Angkasakulkiat, told reporters that the preliminary reports indicated...

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...