China's largest airlines are facing a 'challenging' outlook for the summer peak travel season after warning of heavy 'losses' in the first half. Weaker demand has raised doubts about their ability to absorb higher fuel costs. Air China, China Eastern Airlines, and China Southern Airlines warned on Tuesday that they expect combined first-half losses of up 9 billion yuan (1,33 billion dollars). This is a stark reversal to their combined first quarter profit, which was boosted by a strong Lunar New Year market. These losses highlight the dilemma faced by Chinese airlines. Raising fares to cover higher fuel costs could...

The U.S. National Transportation Safety Board announced Thursday that it will be leading the investigation into a recent incident where a passenger was partially sucked from a Ryanair Boeing 747's broken window in Greece. The NTSB stated that Greece delegated to it the leading role in the investigation. According to the Federal Aviation Administration and video, a piece of engine fell off the Boeing 737 NG shortly after takeoff from Thessaloniki, Greece on 10 July. The plane was headed for Germany when it lost pressure and had to make an emergency landing. Ljubisa karovic, a Serbian national, was pulled from...

Argentina fans bought flights to the United States within hours of the national carrier putting on special services for the Sunday World Cup final in New Jersey against Spain. This shows that Argentina is willing to pay almost any price to support the defending champions. Aerolineas Argentinas, a state-run airline, said that two special Buenos Aires to New York flights released on Wednesday evening had sold out by the morning of Thursday. The flight was priced at $5,000 for economy class and $10,000 for business class, which is far higher than the usual fares. Spain won a 2-0 victory over...

The National Highway Traffic Safety Administration denied a petition filed by Tesla on?Thursday to avoid a recall for almost 20,000 vehicles that have headlights which may exceed the maximum lighting levels. Tesla said the issue did not have any impact on motor vehicle safety, and therefore there was no need for a recall. NHTSA disagreed with Tesla that there was no "increased risk" of glare to surrounding traffic or drivers of the vehicle. NHTSA?said that the recall covered about 19,900 Tesla Model 3 and Tesla Model Y models from 2017-2023. Tesla did not respond immediately to a request for comment....

After the U.S.-Israeli strike on Iran, more airlines are returning flights to the Middle East. However, major carriers are still 'cautious' and many routes will remain suspended until the fall. KEY POINTS The airlines have mostly resumed service through some parts of the Gulf but flights to Israel and Lebanon, as well as other destinations, remain disrupted. Dubai and Tel Aviv remain among the most affected destinations. Several European and Asian airlines have extended suspensions until October or even later. The Lufthansa Group remains one of the most cautious operators. Several airlines within the group have maintained?suspensions? to destinations such...

S&P 500 and Nasdaq are set to open lower?on Friday as chip stocks weakened anew, while investors analyzed fresh economic data in search of?clues?"on the state of the economy. Semiconductor stocks continued to fall from the previous session when investors shifted their attention from megacap technology names to banks and banks following strong results from major lenders. TSMC shares listed in the U.S. fell 3.9% during premarket trading despite the fact that the advanced AI chipmaker had reported a 77% increase in its second-quarter profits, which exceeded market expectations. Memory-chip manufacturers were among the largest decliners. Western Digital, Seagate Technology,...

Boeing executives have said that the company is nearing the 'final stages' of obtaining regulatory approval for a fix to the engine anti-ice systems on its 737 MAX jetliner. This will pave the way for the much-delayed MAX 7 & 10 versions entering service. The redesign addresses a problem that could cause engine failure or overheating. It was the main obstacle to the certification of Boeing's smallest and biggest versions. Cirium, an aviation analytics firm, reports that Boeing has built 30 MAX 7s already and nine MAX 10s are awaiting delivery. At least 28% (or more) of the outstanding MAX...

U.S. index futures on Thursday were mixed as weakness in?chip?stocks kept the sentiment low ahead of a?fresh set of economic data. However, positive results from?UnitedHealth provided some support. UnitedHealth's latest positive quarterly result, a higher profit forecast for 2026, sent shares of the healthcare giant up by 6.7% just before the bell rang, helping to lift Dow futures. Humana and Centene, their peers, gained 5% each and 4,2% respectively. Investors shifted their attention to megacap technology companies and banks after strong results by major lenders. U.S. listed?shares?of TSMC dropped 4.6% during premarket trading despite the fact that the advanced AI...

Irish airline Aer Lingus said it could cut up to 500 jobs in a reorganisation. It cited high costs 'and a challenging 'economic environment. In a Thursday statement, the airline said that it had already reduced senior management positions by a quarter and planned to cut employee costs "by roughly the same amount" while changing its network to eliminate 'lower margin flying. It said that this would reduce overall flying by 6 percent, including certain long-haul, short-haul, and international routes. They also added that they were focused on reducing "supplier costs." The measures come after the parent company of IAG...

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....

BMW announced Dorothea von Boxberg's appointment as its new board member responsible for human resources in a statement on Thursday. The German automaker highlighted?her expertise in "transformation processes" at a difficult time. The supervisory board approved the change in executive board after BMW issued an unexpected profit warning last month under its new CEO Milan Nedeljkovic and promised?further budget cuts. German automakers, in particular, struggled to adapt to the growing competition from China and the shift to electric vehicles. Recent U.S. Tariff costs and Iran War uncertainty have added to their difficulties. BMW has avoided the sweeping cuts seen at...

GE Aerospace increased its profit forecast for 2026 on Thursday as'spending by airlines on aftermarkets and parts remained resilient despite high fuel prices and fewer flights departures. As the war in Iran disrupts oil shipping routes around the world, airlines are being forced to cut back on spending and reduce capacity to maintain fares. GE Aerospace Services is closely linked to aircraft departures. Increased flying leads to increased engine wear and maintenance. The company said that any impact on its services revenue and profits this year will be minimal, since much of the work for its '2026 shop visits is...