Air Canada is seeing a 30% increase in corporate travel as it seeks to diversify its trade away from the United States. This has fueled demand for international 'travel', according to a company executive. Analysts reported that "we're seeing a lot of growth in corporate demand on the North Atlantic. We are seeing almost a 30 percent increase in corporate traffic to Europe and the Pacific, and we attribute a part of that to Canada being able to diversify trade routes." Canada's largest airline, in its results announcement for the fourth quarter of 2018, forecast a core profit slightly above...

Investors awaited the?U.S. The Federal Reserve will be looking at the January inflation figures to determine its policy. As of 5:48 a.m., March futures for the?S&P/TSX 'composite index? were down 0.07%. ET. Toronto's benchmark index fell more than 2% Thursday, mirroring Wall Street's moves as AI disruption fears and the potential for fewer Fed rates cuts following Wednesday's stronger job data dampened sentiment. U.S. Consumer Price Data for January are due at 8:30 am ET on Friday. ET on Friday. According to a survey of economists, prices are expected to rise by?0.3% for the entire month. Spot gold recovered from...

Norwegian Air Shuttle CEO Geir Carlsen said on Friday that the airline does not intend to add Starlink's Wi Fi onboard its planes for now. Instead, it will offer a service paid by another vendor. Starlink is a product that appeals to major airlines such as Lufthansa, Qatar Airways and other large carriers. However, budget carriers who rely on ancillary service to offset low ticket prices are less interested in the product. Karlsen stated, "As far as I'm aware,... if you install Starlink...you can't... charge your passengers for its use." He said Starlink is not yet certified for Boeing 737...

Norwegian Air Shuttle, a budget airline that operates in the fourth quarter of each year, has a positive operating result but missed market expectations due to higher than expected costs. This sent its shares down 5% at the start of Friday's trading session in Oslo. In a earnings report, the airline said that increased air traffic charges and airport fees had a negative effect on operating costs in comparison to 2024. The operating profit for the group was 21 million Norwegian crowns ($2.2million) during the third quarter. This is well below the?comparison of 201 millions crowns. It had a loss...

French aerospace company Safran announced increased earnings and revenue for 2026, following a strong year of profitability, thanks to aftermarket demand. The shares of a?the? manufacturer of civil and military aircraft and jet engines, as well as equipment such landing gear and cabins, rose by over 7%. They were on course for their best day in March 2022. Safran, which produces engines for Airbus jets and Boeing planes under GE Aerospace's CFM venture, forecasted a recurring operating profit of 6.1 to 6.2 billion euro ($7.2 billion up to $7.4billion) for the calendar year. This was based on a projected percentage...

Safran CEO Olivier Andries stated on Friday that CFM will do its best to fulfill any requests from Airbus for additional engines this year. However, the priority is to'meet' existing commitments. Airbus, according to industry sources, is in a standoff with engine manufacturer Pratt & Whitney about engine supplies. This has put its main production goals at risk and prompted it to turn to CFM to help adapt. Andries informed?reporters CFM's forecasts of a 15% rise in total LEAP engine deliveries this year included in Safran’s annual earnings, announced on Friday, didn't include any provision to?increase its share of market....

French aerospace group Safran announced increased earnings and revenue?for 2026, following a year of profitability gains?due to strong demand for its civil jet engines. Safran, which produces?engines for Airbus and Boeing planes under the CFM venture with GE Aerospace, forecasted 6.1 to 6.2 billion euro ($7.2 billion up to $7.4billion) in recurring operational profit this calendar year. This was based on an estimated percentage increase in revenue of "low to middle teens" for the period. The French version of the earnings announcement stated that this was an increase between 12% and 15%. Safran reported a 26% increase in its recurring...

Air Canada's forecast for 2026 core profits was marginally higher than Wall -Street expectations on Thursday. The company attributed this to a strong demand on international routes outside of the U.S., and an increase in premium travel. International travel remains a relative bright light, even as domestic demand is showing signs of slowing down. This has cushioned carriers with large overseas networks. The Canadian carrier has been able to offset the softness on U.S. Canada routes with strong long-haul bookings, and a resilient demand for premium cabins. Analysts expect the Canadian flag carrier to achieve adjusted earnings before taxes, interest,...

Airbnb's first-quarter revenue forecast was higher than Wall Street's estimates on Thursday as the vacation rental company rely on premium bookings to offset a drop in demand from cost-conscious consumers. In volatile trading after the market, shares of 'the travel company' rose?about 5 percent. LSEG data shows that the company's revenue for the third quarter is expected to be between $2.59 and $2.63 Billion, compared to an average analyst estimate of $2.53 Billion. Marriott, United Airlines, and other travel companies have observed that higher-end customers are boosting results, while lower-end customers struggle with inflation and economic uncertainty. Airbnb, based in...

U.S. Senators criticized the Federal Aviation Administration on Thursday for a litany of failures that occurred before the collision in January 2025 between an American Airlines regional plane?and Army chopper, which killed 67 people near Reagan Washington National Airport. Senator?Maria Cantwell, the top Democrat on Commerce Committee, stated at a hearing the National Transportation Safety Board's findings about the crash revealed the "failures" of the FAA. The NTSB concluded that the FAA allowed helicopters to fly close to the airport without any safeguards to separate aircraft from helicopters. It also failed to act on data or recommendations to move helicopters...

Airbnb's first-quarter revenue was above Wall Street expectations on Thursday, as it focuses primarily on premium bookings in order to offset a waning demand from budget-conscious customers. According to data compiled and analyzed by LSEG, the company expected a revenue between $2.59 billion - $2.63 billion for the third quarter. This compares with an average analyst estimate of $2.53billion. High-end travelers, such as Marriott and United Airlines hotel operators, are boosting results, while lower-end customers are struggling with sticky inflation and economic insecurity. Analysts had estimated 10,24%. San Francisco-based Airbnb expects revenue to grow "at least in the low double-digits"...

Senators from the United States criticized the government on Thursday. Brief shutdown El Paso Airport over safety concerns surrounding the use of a Military laser-based antidrone system At a hearing, he said that the incident revealed an unacceptable "lack" of coordination between the Federal Aviation Administration (FAA) and the Pentagon. The FAA announced abruptly that the airport would be closed for 10 days late Tuesday night, stranding air travelers and disrupting medical evacuation flights. This was an unprecedented move involving only one airport. The agency lifted the closure early Wednesday morning after reversing course. The sudden closure caused confusion among...