The shares of Brazilian planemaker Embraer dropped on Thursday, after U.S. president Donald Trump announced he would impose 50% tariffs on all imports coming from South America. Analysts have warned that the third largest aircraft manufacturer in the world, with a large market for its executive jets and regional planes in the U.S., will be among the most affected firms by the tariffs. Embraer shares traded in Sao Paulo fell as much as 8% after the news. They then pared some of their losses and ended up trading down about 3%. Embraer's shares were the largest decliners on Brazil's Bovespa...

Investors were encouraged by a positive forecast from Delta Air Lines. Delta shares rose after the airline forecast profits for its third quarter and full year above Wall Street expectations. United Airlines and American Airlines both rallied, bringing the total to a record high. The Dow Transportation Index (widely considered an economic barometer) hit its highest level since late February. Nvidia's return for the second day in a row to its $4 trillion valuation mark was also a positive. Initial Jobless Claims A poll showed that the number of people who voted for the week ending July 5 was 227,000....

The Arizona Department of Transportation said that Tesla contacted the state late last month about starting a certification process to create an autonomous vehicle ride sharing service. A decision is expected to be made by the end this month. Arizona's Department of Transportation stated in an email that "They have expressed interest to operate within the Phoenix Metro Area." Tesla has asked to operate and test both with and without drivers, the Arizona Department of Transportation said. Tesla last month Roll out a small trial It offers a robotaxi service to a small area in Austin, Texas. There are a...

Wall Street indexes rose Thursday as investors reacted positively to a positive forecast by Delta Air Lines. Delta's stock jumped by 12.5% when it announced that its third-quarter and annual profits would be above Wall Street expectations. Investors rejoiced across the industry with United Airlines up 16% and American Airlines up 14%. The Dow Transportation Index, which is widely regarded as an economic barometer has risen more than 3% and reached its highest level since February. Initial Jobless Claims A poll showed that the number of people who voted for the week ending July 5 was 227,000. This is below...

S&P 500, Dow Jones and Dow Jones Industrial Average all edged higher on Thursday as President Donald Trump's tariffs were brushed aside. Meanwhile, airline stocks soared thanks to Delta's optimistic forecast. Delta Air Lines' stock jumped by 12.5% following the company's announcement that it would exceed Wall Street expectations for its third-quarter earnings and annual profits. Peers United Airlines grew 13.4% while American Airlines grew 12.5%. The Dow Transportation Index, which is widely regarded as an economic barometer has risen 3%. "The good news from Delta Air Lines shows a bit more consumer strength than you might expect," said Chris...

S&P 500, Nasdaq and Dow Jones all edged lower on Thursday as investors watched developments surrounding U.S. president Donald Trump's policies regarding trade. Meanwhile, airline stocks jumped after Delta's positive forecast. 10:02 am At 10:02 a.m. ET, the Dow Jones Industrial Average gained 39.82 points or 0.09% to 44,498.12, while the S&P 500 dropped 9.36 points or 0.15% to 6,253.90, and the Nasdaq Composite fell 89.97 or 0.44% to 20,523.04. Delta Air Lines' stock jumped 12.9% following the company's announcement that it would exceed Wall Street expectations for its third-quarter profit and annual profits. Peers United Airlines grew 9.7% while...

After the 12-day war between Iran and Israel, which ended in a ceasefire brokered by the United States at the end June, many airline services are still disrupted throughout the Middle East. The main Imam Khomeini Airport in Tehran reopened on 4 July after a suspension of flights of 20 days due to Israeli attacks against Iran. However, airspace closures and safety concerns are still affecting airline traffic. Here are some airlines that have cancelled flights from and to the region. AEGEAN AIRLINES From July 10, the Greek airline will resume a part of its schedule for flights to and...

The Spanish tourism industry is expecting a sharp slowdown in the growth of summer sales as uncertainty surrounding U.S. Tariff Negotiations threatens to reduce global consumer spending. However, it still expects record visitor numbers. The group anticipates that revenues from hotels, airlines and restaurants as well as other tourism-related business will grow by 2.7% on an annual basis in the third quarter of the year, which is the peak season for tourism. This compares to a 6.3% growth in 2024. Sales rose by 4.5% in the second quarter. The group predicted fewer arrivals in Germany and France. The group estimated...

Luis Montenegro, Portugal's Prime Minister, announced on Thursday that the government had decided to restart a long-delayed TAP privatisation, with a goal of selling a 49.9% share of its capital. A 5% stake will be offered to TAP employees. In a short televised announcement, he stated: "We made this decision because we have already spent a great deal of money... We do not want to keep pouring money down a bottomless hole." Three major European airlines have already expressed interest in the airline's privatisation. These include Lufthansa, Air France-KLM and British Airways' owner IAG. They met with the government last...

Delta Air Lines forecasted a higher-than-expected profit in the current quarter as well as for the full year, citing the industry's effort to align capacity to demand. In premarket trading, shares of the airline were up by nearly 8%. The Atlanta-based airline, like most U.S. carriers, pulled its financial forecast for 2025 in April, as the trade war between President Donald Trump and China weakened consumer and business confidence. Bookings were affected. Industry executives claim that travel demand has stabilised since then. Government data show that passenger traffic in the U.S. is still lower than a year earlier, resulting in...

Delta Air Lines forecasted a higher-than-expected profit in the current quarter as well as for the full year, citing the industry's effort to align capacity to demand. The Atlanta-based airline, like most U.S. carriers, pulled its financial forecast for 2025 in April, as the trade war between President Donald Trump and China weakened consumer and business confidence. Bookings were affected. Industry executives claim that travel demand has stabilised since then. Government data show that passenger traffic in the U.S. is still lower than a year earlier, resulting in a decrease in airfares. Delta's earnings report for the second quarter confirmed...

Two people who were present at the meeting said that Indian investigators in the Air India crash, which killed 260 people last month, told lawmakers that the black boxes of the aircraft had not been damaged. Indian media reported that the devices crucial to reconstructing events leading up an air crash were damaged after the London bound Boeing Dreamliner crashed in June, erupting into a massive fireball. One source said that the Aircraft Accident Investigation Bureau was also able to extract good data from the black boxes. Its officials had told the lawmakers during a panel discussion on aviation on...