Transport Infrastructure

Passenger Transportation Services

Passenger Transportation Services

A federal watchdog criticizes the FAA's oversight of United Airlines maintenance procedures

A federal watchdog warned on Friday that the 'Federal Aviation Administration,' which oversees United Airlines' maintenance practices, is hindered due to low staffing, ineffective training of its workforce, and obstacles to accessing data from air carriers. United Airlines' FAA supervision will be audited by the Office of Inspector General of the U.S. Transportation Department in early 2024, after the FAA increased its oversight of United following a number of safety incidents. OIG stated Friday that the FAA’s oversight is "insufficient" to monitor safety risks. The agency has also conducted virtual inspections, as opposed to postponing them, because of a shortage...

Passenger Transportation Services

Airbus CEO: We can develop a fighter plane alone. FCAS dispute intensifies

The head of Airbus expressed his hope that Europe can continue to develop a 'new fighter jet. But he added that the company is ready for all scenarios, including two separate French-led and German-led programs to replace FCAS. Guillaume Faury, the CEO of BFM TV in France, said that dividing the project into two aircraft was one option. However he raised questions about the extent of cooperation with broader systems. The Future Combat Air System is a 100 billion-euro ($118-billion) effort to create a fighter plane supported by armed robots and secure connections. The Future Combat Air?System is threatened by...

Passenger Transportation Services

Seven bodies discovered after Chinese tour bus plunges in frozen lake in Russia’s Siberia

The Russian emergency ministry reported that seven bodies were 'found' in Lake Baikal, a frozen lake in southeastern Siberia. A tour bus with eight Chinese tourists was thrown into the water after the ice cracked as they crossed it on Friday. Igor Kobzev, the regional governor of Irkutsk, said on Telegram that one of the Chinese tourists had escaped. The prosecutors' office in the region also confirmed the opening a criminal investigation. Rescuers used an underwater camera to inspect the scene, and diving operations are planned. In a?statement, it said: "The depth of the accident site is 18 metres (59...

Passenger Transportation Services

After fatal aviation accident, US House lawmakers propose comprehensive aviation security bill

The bipartisan group of U.S. House members proposed legislation on Thursday to address 50 aviation safety recommendations that were issued following a yearlong investigation into the January 2025 collision between a regional jet operated by American Airlines and an Army Black Hawk helicopter, which killed 67 people. The chairmen of the House Transportation and Infrastructure and Armed Services Committees and top Democrats of the panel said that the bill aims at addressing a number of issues, including deficiencies in FAA safety culture, enhancing training and procedures for air traffic control, and strengthening the safety of airspace surrounding?Reagan Washington National Airport,...

Passenger Transportation Services

A top US airline lobbyist warns that capping credit card rates at 10% will harm the industry

The head of a trade group that represents major?U.S. The head of the trade group representing major?U.S. Airlines for America CEO Chris Sununu said at an aviation conference that capping credit card interest rates at 10%, or reducing the small 2% charge they receive on credit cards would have a huge economic impact across the industry. Trump called on January 10, for a cap of 10% on credit card rates to be in place starting January 20. Elizabeth Warren, a Democratic senator from Massachusetts, praised Trump's request and promised to work with him. This month, unions, civil right groups, labor...

Passenger Transportation Services

Brazil's Government considers easing airline access to the public aviation fund

Documents show that Brazil's Ports and Airports minister Silvio Costa Filho asked the Finance Ministry to relax conditions on loans for airlines backed by the National Civil Aviation Fund. The fund is a public one which will reportedly dispense 4 billion reais (764,76 million dollars) in 2026. Costa Filho, in a letter to Fernando Haddad last week, wrote: "It is necessary to modify the resolution so that FNAC's credit becomes more attractive." Documents attached to a February 13th letter were seen by. The proposed changes included expanding the ways in which airlines can access FNAC. This would include services like...

Passenger Transportation Services

United revamps its loyalty program to increase co-branded card adoption

United Airlines has redesigned its frequent-flyer loyalty program to reward those who carry a United-branded card and reduce the mileage earned by members who don't. The airline stated that the changes were designed to increase adoption and usage of their card products. Loyalty programs are now major profit generators for the airline industry. Carriers earn billions of dollars each year from selling frequent-flyer mile to banks tied to their credit card portfolios. United Airlines said that primary MileagePlus cardholders of the airline will be able to earn up to two times as many miles per dollar spent on United flights,...

Passenger Transportation Services

Las Vegas sees sharp visitor drop as leisure spending wanes

Harry Reid International is still buzzing on Fridays. There are rolling suitcases, crowded rideshare lines, and the usual churn. On Monday, the airport had quieted down considerably. James Chrisley is the director of Clark County Aviation Department. "Our peaks remain peaks and our valleys have softer edges," he said. Hotel prices, flight schedules, and paychecks are all showing signs of softening. This is in line with the findings from the Federal Reserve survey, as well as recent airline earnings calls: higher-income travelers continue to?book, while households that feel the pinch, pull back. Economists warn that if the market-linked, affluent spending...

Passenger Transportation Services

Air France-KLM announces record operating profit for the year as premium business booms

Air France-KLM announced on Thursday that it had achieved a record operating profit in 2025. This sent its shares up by 6.8%, as the company's strategy to offer a premium experience to customers was successful despite continuing cost challenges. The demand for premium services has increased among European airlines, despite the fact that the number of Europeans who travelled to the United States dropped last year. Air France-KLM reported that growth was particularly strong on transatlantic routes. This is especially true for premium cabins, after the group made significant investments in upgraded airport lounges, faster Wi-Fi and a revamped First...

Passenger Transportation Services

In 2025, despite Trump's attacks on Europe, Americans flock to France

The French Tourism Ministry announced on Thursday that despite the growing hostility between the U.S. government of Donald Trump and the French government, Americans will flock to France 'in 2025. U.S. visitors are expected to increase by 17% over the previous year. The increase in U.S. visitors is also noteworthy, as it occurred despite the weaker dollar. In 2025, the greenback will fall by more than 10% against euro after years of an extremely favorable exchange rate for Americans traveling to the eurozone. In 2025, more than 5 million Americans visited France, part of a record-breaking 102 million tourists, according...

Passenger Transportation Services

Airbus adopts split solution to FCAS faltering fighter programme

Airbus will'support' a two fighter solution for Europe’s faltering FCAS?fighter program if the governments ask, said Chief Executive Guillaume Faury on Thursday. The comments made during a presentation of results follow a dispute that erupted between Airbus (which represents Germany and Spain) and French partner, Dassault Aviation, over the leadership of a core warplane component of a planned system for fighters and drones. Rivalries have arisen over the extent to which Dassault should be in control of the core fighter component or pillar. This has led to speculation that the project may be divided into two parts. Faury, an analyst,...

Passenger Transportation Services

Air France-KLM reports record operating profit of 2 billion euros as the premium business booms

Air France-KLM reported stronger-than-expected full-year results ?and a record operating profit ?on Thursday, as ?its strategy ?of offering a premium customer experience bore fruit despite ongoing cost challenges. The demand for premium services has increased at European airlines, despite the fact that the number of Europeans who travelled to the United States dropped last year. The outlook for 2026 has been relatively modest, as there are many economic concerns. Ben Smith, Chief Executive of our airlines, said that they had carried more than 100 million passengers and achieved an operating result in excess of 2 billion Euros - the first...

Ground Transportation

Ground Freight

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...

Transportation

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...

Ground Transportation

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...

Passenger Ground & Sea Transportation