North America

Industry sources claim that the French-US jet engine manufacturer CFM is evaluating a "more conventional" "advanced-ducted" engine design, alongside its preferred option for a radical open fan concept. The industry is debating fuel-savings as well as reducing emissions. The'venture' co-owned by GE Aerospace, France and Safran, has been promoting an open-rotor, with a large fan exposed instead of a conventional casing, for the next generation of Airbus and Boeing aircraft. This would "generate fuel savings and emissions reductions of 20% in a well-publicised research program called RISE. It is also examining a design that would contain the fan inside a...

American Airlines has been lagging behind Delta Air Lines and United Airlines in terms of profitability for years. The unions of American Airlines are now turning this gap into an issue of governance, pressing directors to be accountable at the top. The tensions have escalated in recent days. The pilots' association has urged the board of American Airlines to take "decisive actions" and requested a board meeting. Meanwhile, the flight attendants union issued a vote of no confidence in Robert Isom, the Chief Executive Officer, and demanded a leadership change. Labor groups making public calls for a change in leadership...

After U.S. aviation officials expressed grave concerns over?the safety? of commercial air traffic, the Trump administration banned air traffic for more than seven hours into and out of El Paso in Texas. Overnight, the Federal Aviation Administration abruptly closed?the nation’s 71st most-used airport. This left air travelers stranded and disrupted medical evacuation flights. FAA originally said that the airport would be closed for 10 days due to "special security" reasons. This would have been a first-ever action by a single airport. The FAA, according to anonymous government and airline officials, closed the airspace because of concerns that a laser-based Army...

Boeing's commercial aircraft supply chain has improved in quality over the last two years, according to a Boeing executive on Wednesday. Boeing will spend 40% less time fixing supply chain problems in 2024 than it does now, Ihssane Mounir said at the Pacific Northwest Aerospace &?Alliance Supplier Conference outside Seattle. Since 2024 when Boeing increased quality control checks at Spirit AeroSystems (which makes the 737 fuselages) defects have decreased by 60%. Spirit?was both the manufacturer and installer of a 737 MAX wing door plug which blew out in mid-air on an Alaska Airlines Flight early in 2024. This led the...

The consumer economy in America is moving in opposite directions. This gulf in opinion is becoming more apparent among C-suite executives. Premium?brands are benefiting from wealthy customers, while value-focused companies struggle to compete with cash-strapped families. The results of companies such as Ralph Lauren, Tabby, Tapestry handbags, American Express and airlines like United and Delta exceeded expectations for the latest?quarter?. Their affluent consumers spend freely on high-margin products and services. PepsiCo has also reported that Kraft Heinz, PayPal, and PepsiCo are all under pressure from consumers who want to save money and stretch their budgets. The dynamics reflect a deeper...

Frontier Group, the parent company of Frontier Airlines, issued a forecast on Wednesday that indicated a potential profit for '19, while analysts expected a loss. It is betting on tighter cost controls. The shares of the airline?rose by 4.4% during early trading after it announced it would cancel certain aircraft leases and delay deliveries of some jets in order to reduce capacity and conserve cash. According to the airline, a range of losses ranging from 40 cents to 50 cents per a share in 2026, adjusted, was forecast, with a 5 cent profit at the midpoint. According to data compiled...

Maxim Naumov, the U.S. figure skating champion, said that he felt his parents' presence as he made an emotional debut at the Milano Cortina Games on Tuesday, just over a year since they died in a plane accident near Washington D.C. Naumov's parents were among the 67 who died when an American Airlines flight collided with an Army helicopter in mid-air on January 20, 2025. Naumov, a reporter, said: "I felt as if I was guided today by them." "I felt their support with every glide and step I took on the ice. They guided me from element to element....

Boeing?said?on Tuesday it delivered 46 jets, the third-highest number in company history for that month, including 38 of the best-selling 737 MAX and five 787 Dreamliners. The total deliveries for December were?63, a drop from the?63 delivered in January. This is usually the busiest delivery month. Boeing beat Airbus in Europe, which delivered only 19 aircrafts last month. This included 15 of its A320neo jets, 3 A220s, and 1 A350. Wall Street is closely watching the delivery of jets to customers because they receive most of their payments when they do. Boeing had 107 net new orders for January and...

Ryanair, the European budget airline and jet engine manufacturer?CFM International announced a deal Tuesday that will support the Irish carrier in its plans to open up two engine maintenance shops. The agreement includes a steady supply of spare parts to ensure the availability of these parts for the next fifteen years. Ryanair CEO Michael O'Leary said at a press conference that the plants would likely be located in continental Europe, and that the first plant could open as soon as 2028. This will allow Ryanair to buy parts ahead of time, during a period when there are shortages across industries....

Spanish carrier Air Europa said that it will resume flights to Caracas from Madrid in this month. The service was suspended last November due to rising tensions between the United States and Venezuela. The airline has scheduled flights between Madrid and Caracas for the 17th, 20th and 22nd of February but has not said when it will resume its regular five-weekly flights. Air Europa was among a list of airlines who halted flights?towards and from Venezuela, after the U.S. Federal Aviation Administration issued a warning of a "potentially dangerous situation" while flying over 'the country. This warning came long before...

The Kremlin stated on Monday that Cuba's fuel situation is critical. Cuba has?unveiled a plan that will protect essential services and?ration fuel. Cuba outlined its plans for navigating the crisis on Friday, as the communist government dug its heels to defy a U.S. attempt to cut off the?oil supplies to the Caribbean Island after declaring Cuba an "unusual and?extraordinary" threat to U.S. security. "The situation in Cuba has indeed become critical." We are aware of it. Dmitry Peskov, Kremlin spokesperson, told reporters that the Kremlin maintains intensive contact with its Cuban friends via diplomatic channels and other means. Russia is...

The Wall Street Journal, citing sources familiar with the situation, reported that Kroger is planning to hire Greg Foran as its new CEO. The U.S. grocery giant has been looking for a permanent chief executive officer after Rodney McMullen was ousted last year following a board inquiry that determined that his personal conduct was "inconsistent with certain company policies." The WSJ reported that Kroger will announce the choice by Monday. The report could not be immediately verified. Kroger didn't immediately respond to a?request for comment. Foran, a New Zealander born in Foran, was CEO of Air New Zealand between February...

Teamsters Union announced on Monday that it has sued United Parcel Service for violating their national contract with the new buyout packages? offered by the delivery giant to drivers. The two agreed to a contract ?deal covering 340,000 Teamsters-represented workers in 2023. The ?deal averted ?a strike at UPS, which has more Teamsters-represented employees than any other U.S. company. UPS announced in January that it would close 24 facilities and cut up to 30 000 jobs as it sought to shift away from millions low-profit deliveries to its largest customer, the online retailer Amazon.com. The union stated that "the scope...

The companies announced on Monday that a consortium led by FedEx investors and InPost investors had agreed to purchase the parcel locker business in a deal worth 7.8 billion euros ($9.2 billion). This will allow InPost to expand its reach throughout Europe, while giving FedEx the opportunity to access the locker network. The 15.60 euro offer price per share is a 17% premium over InPost's Friday closing price, but below InPost 2021 IPO's 16 euros. The Amsterdam-listed shares opened at a 14% increase, trading at highs of May 2025. Hein Pretorius is the chair of InPost’s supervisory board. He told...

These are the most popular stories from the Wall Street Journal. These?stories have not been?verified and we cannot vouch for the accuracy of these stories. A consortium consisting of the U.S. private equity firm Advent International, the logistics company FedEx and investment companies A&R & PPF have agreed to buy Polish parcel delivery provider InPost. The deal is worth $9.22 billion. Innovent Biologics, a Chinese drugmaker, has partnered with Eli Lilly to develop a new treatment that could earn?upwards of $8.5 billion through milestone payments. - Grocery giant Kroger is planning to hire Greg Foran as its new chief executive....

The U.S. The U.S. Postal Service reported on Thursday a "net quarterly loss" of $1.25bn as it continues to face liquidity issues. Operating revenue in the three months ended December 31 was down 1.2% at $22.2 billion compared to 2024 when it had a quarterly profit of $144 million. Officials called for policymakers on Thursday to reform the Postal Service Civil Service Retirement obligation, give USPS greater flexibility in pricing and increase its 15 billion statutory debt limit. David Steiner, Postmaster General of USPS, said on Thursday that the company has formed a team which will review all aspects to...

FedEx announced on Wednesday that it is 'working with Boeing and U.S. aviation safety regulators to bring back to service the MD-11 cargo jets by May 31, after the fatal crash of one of these jets operated by United Parcel Service in November. FedEx said, "We are continuing to work with Boeing to determine any inspections and maintenance required to safely return our MD-11 aircraft to service," referring to the Federal Aviation Administration. UPS announced on Tuesday that it had accelerated a plan to retire its remaining MD-11 cargo jet fleet, which consisted of over two dozen aircraft. UPS announced...

United Parcel Service, the largest package delivery company in the world, announced on Tuesday that it will close 24 additional facilities and eliminate up to 30,000 positions by 2026. This is due to its ongoing shift towards a'more profitable business. In midday trading, shares of the company rose 4%. The company also announced fourth quarter results that exceeded Wall Street expectations and forecasted a surprise increase in annual revenue. FedEx shares gained 2.6%. Carol Tome, CEO of the company, said in a conference with analysts that the company plans to reduce Amazon deliveries. "We are now in the last six...

FedEx announced on Friday it would 'cut up to 500 positions 'and invest a maximum of?78million euros ($91.58million) in a major overhaul of its domestic operations. The company announced that it would reduce the number of stations from 103 to 86, simplify its network and eliminate overlap infrastructure. The U.S. courier firm stated that "the French courier and express transportation market is dominated... by a highly competitive sector... with cost pressures." It added that the overhaul could create over 770 new jobs in full- and part time?operations, with priority given to employees who are already working. FedEx stated that there...

An EU diplomat said that the EU's free-trade agreement with South American nations will likely?be implemented on a temporary basis as early as March. On?Thursday a challenge to the EU's highest court is looming. On Wednesday, EU lawmakers sent the controversial trade agreement between the EU and Brazil, Argentina Paraguay, and Uruguay to the European Court of Justice. This could delay the deal by up to two years. An EU diplomat said that the EU-Mercosur Agreement would be implemented provisionally after the first Mercosur nation ratifies it. The diplomat said that "Paraguay is likely to be the next country in...

The U.S. The U.S. Postal Service announced on Tuesday that it will launch an online platform for 'proposals to access its last-mile network. This would allow a wider range of customers to raise funds by opening up more than '18,000 destination delivery units nationwide and local processing centres to a broader audience. USPS had warned that it would run out of money as early as 2027. U.S. postmaster general David Steiner said last month he hoped Amazon.com, and other major retailers, would bid in the auction. Steiner stated that this could add millions of dollars to USPS's revenue. Amazon didn't...

These are the most popular stories from the Wall Street Journal. These stories have not been?verified and we cannot vouch for their accuracy. Dennis Cinelli, a technology executive who is currently a board member at Paramount Skydance, has been named as the company's next chief financial officer. After a visit to the White House, top officials from Denmark and Greenland stated that they had not convinced U.S. president Donald Trump to give up his plans to annex Greenland. Federal investigators are examining how Boeing has responded to previous failures on McDonnell Douglas aircraft. Alibaba Group is rolling out an update...

The National Transportation Safety Board announced on Wednesday that a cracked part on a UPS MD-11 cargo jet, which crashed in Kentucky in November, was?flagged? in a Boeing Service Letter more than a ten-year-old. The National Transportation Safety Board said that 15 people, including 3 plane crew members, were killed in the fiery crash of the MD-11 cargo aircraft at Louisville Airport. The NTSB reported that its investigation found fatigue cracks on the left pylon support structure, also known as the bearing race. Boeing's letter from 2011 stated that there were four failures in the bearing race on three aircraft,...

QXO announced on Monday that Apollo Global Management, along with a number of other investors, had agreed to invest $1.2 Billion in the firm headed by Brad Jacobs. This investment will be used to support its acquisition efforts. The shares of the distributor of building products were up by more than 8% on premarket trading. QXO must use financing to fund at least one acquisition by July 15?, the companies stated. The building products industry in the United States has seen a?sharp increase in dealmaking as companies look to scale and local supply chain to offset tariffs. Demand is driven...