Avis Budget shares were headed for a sixth consecutive session of declines after the car rental firm announced a second 'consecutive quarter loss' and a major investor...
AerCap's head, who is the world's largest leasing company, stated on Wednesday that while higher fuel prices are not having a significant impact on airlines, they could...
The largest U.S. grid operator –?PJM interconnection – announced on Wednesday that it would begin processing new power plant applications this coming week, after working through a...
Walmart announced on Wednesday that it had opened a third milk processing plant in the United States, with an investment of more than $350m. This is part...
Avis Budget shares were headed for a sixth consecutive?session of declines Wednesday, after the car rental?firm announced a second successive quarterly loss. A major 'investor' also reduced...
Matteo Salvini, the Italian Transport Minister, said on Wednesday that Italy's jet-fuel reserves are enough to cover airport operations until at least the end of May. He...
Aena, a Spanish airport operator, said that the conflict in Iran and the potential for a jet-fuel crisis have created unprecedented levels of uncertainty ahead of the...
Old Dominion Freight Line, a trucking company, reported a first-quarter profit that exceeded analysts' expectations on Wednesday. Improved pricing offset the impact of lower shipment volumes. Old...
Old Dominion Freight Line, a trucking company, reported a?decline?in its first-quarter profits on Wednesday. This was attributed to?lower shipment volumes. However, the firm highlighted an improvement in...
According to industry sources, Russia managed to maintain crude oil loadings in its western ports at the same level as March despite 'ongoing drone attacks. Drone attacks...
LSEG ship tracking data and the Russian'ship register' showed on Wednesday that Russia added four liquefied gas carriers to its fleet. This could help increase the country?s?marketshare...
AAHK (Airport Authority Hong Kong) has priced a HK$19billion ($2.4billion) three-tranche Senior Bond?offering in order to restructure debt and fund capital spending. AAHK said that the government-owned...
The majority of major meteorological services predict that a strong El Nino pattern will set in by next month. This weather pattern is expected to impact global...
Spanish travel technology company Amadeus announced on Wednesday that it would acquire French biometrics firm Idemia Public Security, owned by Advent International. The deal will be done...
Melrose Industries, the owner of GKN Aerospace, reported a 11% increase in revenue for its first quarter on Wednesday. This was largely due to?the strong performance by...
Brandenburg said that up to 80% of crude supplies for 'Germany's PCK Schwedt refining plant are guaranteed in May. Germany is seeking alternatives to replace lost supplies...
Amadeus, a Spanish travel technology company, announced on Wednesday that it would acquire the French biometrics firm Idemia Public Security. The company is owned by private equity...
Jet2, a British 'travel company,' warned Wednesday that the 'uncertainty about the war is limiting their outlook for seat occupancy during the peak summer travel season. Bookings...
Investors reacted positively to the United Arab Emirates decision to leave OPEC and the stalemate of the 'Iran conflict. The United Arab Emirates announced on Tuesday that...
Officials from Ukraine said that Russia used drones to attack port infrastructures in the southern region of 'Odesa' in Ukraine. The strikes also damaged residential structures and...
These are the most popular stories from 'the New York Times' business pages. These'stories' have not been verified and we cannot vouch for their accuracy. The?U.S. Federal...
Spanish airports operator, Aena, announced on Wednesday that its 'first-quarter net profits rose 9.3% compared to a year ago, as 'passenger traffic from and to Spain, which...
As fuel costs rise, the demand for overseas travel is expected to decrease. Travel agents and industry experts expect that most holidaymakers will stay in China. This...
Bloomberg 'News'reported that Spirit?Airlines has?hit a halt in their discussions regarding a possible $500 mln U.S. Government rescue financing, citing?sources. The report stated that a group of...
On Wednesday, oil prices rose, continuing a multi-day rally. This was based on reports that the U.S. would extend its blockade against Iranian ports. This will likely...
The regional grid operator of 15 U.S. states in the 'Midwest' and 'South, said that its annual capacity auction showed there would be enough electricity this summer...
HSBC stated in a research note published on Tuesday that the United Arab Emirates' exit from OPEC, and the wider OPEC+ coalition from?May 20, 2026 will have...
U.S. Pipeline Operator ONEOK increased its annual earnings forecast 'on Tuesday, after reporting a first-quarter core income that exceeded estimates. This was due to higher volumes in...
According to a Tuesday press release, the City of San Francisco & the Port of Oakland have settled their dispute over the trademark "San Francisco". Port?of?Oakland decided...
The top American companies, from GM and Coca-Cola to Coca-Cola, are trying to reassure their investors that they will be able to weather the financial fallout of...
Joby Aviation has been testing the first point to point?air taxi demonstration flight in New York City for a week as it gets closer to gaining government...
Middle Eastern carriers increased capacity after the U.S. - Israel war against Iran caused severe disruption. Airlines outside the Gulf are continuing to reroute routes between Europe...
FedEx and UPS, the two largest parcel delivery companies in the United States, said that they would refund any tariff refunds to customers on Tuesday as the...
JetBlue Airways announced on Tuesday that it will slow hiring, reduce?capacity, and raise fares in order to lessen the impact of rising jet fuel prices. The carrier...
Michael O'Leary, CEO of Ryanair Group, said that the threat of a 'jet fuel shortage' in Europe because of the Middle East conflict is receding. Fuel companies...
Germany and Poland are in discussions to see if short-term replacement oil can be delivered to the PCK Schwedt refining plant via Gdansk port after Russia announced...
United Parcel Service reiterated on Tuesday its full-year target for revenue despite a projected?return of growth in the?June quarter. This was due to soaring fuel costs resulting...
Lagos is betting that Nigeria’s chronic electricity shortages can be solved outside of the national grid. The state's energy commission said the state would scale up its...
The Swedish energy minister warned Tuesday that there could be a shortage of jet fuel due to the Middle East war. He advised travellers to plan with...
Standard Chartered Bank announced on Tuesday that it had successfully arranged a $2.33billion syndicated finance facility?for a Standard 'Gauge -Railway?Project?in Tanzania. The money will be used to...
LSEG shipping data revealed that on Tuesday the Panama-flagged?tanker Idemitsu Maru crossed the?Strait?of Hormuz with 2?million?barrels of Saudi crude oil. It was the first Japan-linked tanker to...
Three people familiar with the matter said that JPMorgan, two Kuwaiti banks and HSBC are joining forces to form a $6 billion financing consortium for prospective buyers...
Officials said that at least 'two' people died when two trains collided late Monday in the city of 'Bekasi. It is located near Jakarta, Indonesia. The collision...
Finnair has reported that it is experiencing a rise in 'transit traffic' on its Asian routes, as rival SAS reduces some of their'services. Other airlines are also...
Israel could face a legal and diplomatic response from Kyiv, according to a Ukrainian diplomatic source. If it allows a vessel bringing?grain?from the Russian-occupied Ukraine?to dock at?the...
Rio Grande LNG 'has requested a three-year Extension from the U.S. Federal Regulatory Commission 'to?construct a export facility in Texas. In a Friday filing with the energy...
Wizz Air’s CEO said that the European budget carrier's summer schedule will be 17% bigger this year. Growth is focused on the Balkans and Caucasus, despite concerns...
Shipping data revealed that a superyacht associated with Russian billionaire Alexey Mordashov, who is sanctioned, sailed the Strait of?Hormuz Saturday. It was one of?very, very few vessels?...
The global air travel industry is still severely affected by the Iran War. Many people are unable to fly when they planned, after major Middle Eastern hubs...
The U.S. and Israeli war against Iran, which has pushed up jet fuel prices, has shook the aviation industry around the world. Airlines have been forced to...
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