Passenger Transportation Services

These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. On Monday, a coalition of clean-energy groups and the City of St. Paul filed a lawsuit against the U.S. Government. They challenged what they called the nakedly partisan nature of the funding cuts made during the shutdown of the federal government that resulted in the loss of around $7.5 billion from projects in Democratic states. In one of his final letters to Berkshire Hathaway shareholders, Warren Buffett said that he will...

Aster Chemicals & Energy and Aether Fuels have partnered to build a renewable-fuels facility on Singapore's Bukom island, which is expected to start operating in 2028. Conor Madigan, CEO of Aether Fuels, told reporters that construction on the project to produce 2,000 tons per year (50 barrels a day) is expected to start in the second quarter of 2019. Commercial production could begin as early as 2028. Madigan stated that the sustainable aviation fuel (SAF), or bionaphtha, production will reach 400 tons per year when the plant is finished. Aether Fuels has developed a technology that will be used to...

Air travelers in the United States will still have to endure a few days of delays and cancellations before things return to normal. Federal Aviation Administration (FAA) has instructed airlines to reduce 4% of their daily flights at 40 major airports starting last week due to safety concerns regarding air traffic control. The Federal Aviation Administration has mandated that flight reductions reach 6% by Tuesday, and then 10% by Friday November 14. Transportation Secretary Sean Duffy warned that they could reach up to 15% or 20% if there is no end to the shutdown. If lawmakers restore federal funding this...

Klook, a travel booking website owned by SoftBank, reported a 24.4% increase in revenue for 2024. The online platform announced this in its Monday filing to the U.S. Securities and Exchange Commission, indicating that investor demand is still strong despite the shutdown of the federal government. The U.S. IPO Market has recovered from tariff-driven volatility, as a rally of equities, and interest rate reductions, boosted investor demand for new offerings. However, a prolonged shutdown in the government has caused some delays. Klook's offer follows recent debuts of molecular diagnostics company BillionToOne, and another Apollo-backed group Grupo Aeromexico earlier this month....

The number of flights canceled by airlines in the United States surpassed 1,500 on Monday. This is the fourth day that cancellations have exceeded 1,000, as flight reductions and staffing shortages continue to cause havoc for aviation. FlightAware is a website that tracks flights. As of 8:30 a.m. ET (1330 GMT), more than 1,550 flights had been canceled and 1,400 delayed Monday. More than 1,550 flights were cancelled and 1,400 flights delayed on Monday, after 2,950 flight cancellations and nearly 10,800 delays Sunday. Chicago's November snowstorm also caused disruptions to air travel. Late Sunday, the Federal Aviation Administration announced that...

Due to a shortage of air traffic controllers, U.S. flights are expected to be "a trickle" as the shutdown continues. Transportation Secretary Sean Duffy made the announcement in comments that were broadcast on Sunday. After a Saturday plagued by thousands of cancellations and delays, major airlines faced a third consecutive day of flight restrictions. The government shutdown has now lasted a record-breaking 40 days. This has caused a shortage of air traffic control officers who, along with other federal employees, are not paid for several weeks. Duffy, on CNN's State of the Union program, said: "It will only get worse......

After a weekend of flight delays caused by a shortage of air traffic controllers, major airlines are preparing for the third day of mandatory government-mandated flight reductions. Federal Aviation Administration has instructed airlines to reduce 4% of flights daily starting Friday in 40 major airports due to safety concerns regarding air traffic control. The record-breaking shutdown has left air traffic controllers, and other federal employees who haven't been paid in weeks, short. The reduction in flight numbers is to be 6% by Tuesday, and 10% by November 14th. The FAA announced on Saturday that there are air traffic control staffing...

U.S. Airlines canceled 1,330 flights in the United States on Saturday as part of the government-mandated flight cutbacks. The industry is bracing for further cancellations if the shutdown continues. Federal Aviation Administration has instructed airlines to reduce 4% of their daily flights at 40 major airports starting Friday due to safety concerns regarding air traffic control. Air traffic controllers are in short supply because they haven't been paid for several weeks. On Tuesday, the reductions will reach 6% before reaching 10% on November 14. Flights Delayd in at Least 12 Major Cities The FAA reported on Saturday that there were...

U.S. Airlines and travelers endured a second day on Saturday of flight cancellations across the nation as the shutdown is expected to cause more cancellations over the next few days. Due to the shutdown, the Federal Aviation Administration has instructed airlines to reduce 4% of flights at 40 major airports on Saturday. The cut will increase to 6% by Tuesday, and to 10% on November 14. These cuts began at 6 am. About 700 flights were affected by the cuts on Friday morning, 1100 GMT, from American Airlines, Delta Air Lines and Southwest Airlines. Due to a lower volume of...

UPS announced on Friday that it had grounded its fleet McDonnell Douglas MD-11s. This is the type of aircraft involved in the crash of Tuesday in Louisville, Kentucky which resulted in at least 13 deaths. UPS spokesperson stated in an email that "out of an abundance caution and for the sake of safety, we've made the decision to ground temporarily our MD-11 fleet". The spokesperson said that MD-11s make up about 9% the fleet of the company. The grounding takes effect immediately. NBC News was the first to report on this news. On Tuesday evening, a UPS cargo flight bound...

U.S. Federal Aviation Administration announced on Friday that it is delaying flights in eight airports, including Atlanta, San Francisco and Houston. The agency cited widespread staffing problems as controllers were not paid during the shutdown. Staffing shortages are reported at 10 different locations in the United States, and could lead to delays at other airports. Separately, the agency required airlines to cancel more than 700 flights or 4% of their flights at 40 airports with high traffic to deal with air traffic control staffing. According to FAA ground delays programs, flights at Reagan Washington National are delayed on average by...

Spirit Airlines announced on Friday that it had reached tentative agreements with the unions representing both its pilots as well as its flight attendants. The tentative agreements would include some contract concessions as Spirit Airlines tries to reduce costs in its ongoing Chapter 11 restructuring. Once a tentative contract is ratified, the airline's senior leadership team will also accept salary reductions of a certain percentage. Earlier this year, the ultra-low-cost-carrier filed for Chapter 11 bankruptcy protection for the second time as it grappled with dwindling cash reserves and mounting losses. Spirit, as part of its cost-cutting program, has reduced the...

Air France-KLM announced third-quarter results that were in line with expectations on Thursday. It also confirmed its outlook for 2025, despite some expenses increases and expensive challenges faced by its Dutch subsidiary KLM. As the summer travel season is lucrative and busy, the third quarter of the year is typically the most profitable for European airlines. Travel from Europe to the United States is down under U.S. president Donald Trump. His policies are seen by many as anti-foreigner, anti-trade and anti-foreigner. Analysts polled by LSEG had predicted an operating profit of 1,27 billion euros (1,48 billion dollars) for the airline...

Safran, the French aerospace company, raised its full-year revenue forecasts after reporting higher than expected third-quarter revenues led by its core Jet Engine division. The company, who co-produces LEAP engines with GE Aerospace via their CFM venture said that it had "strongly caught up" on late deliveries in the third quarter, shipping more than any other quarter. Airbus and Boeing have delayed their jet deliveries and caused congestion in maintenance centres, which has led to a strong demand from engine manufacturers for spare parts. In the engine industry, there is a tug-of-war between aircraft manufacturers and airlines that need spare...

Air France-KLM CEO said that on Monday, western European airlines needed more favorable regulation as the requirement to fly around Russian airspace places them at a disadvantage compared to their Chinese competitors. Ben Smith, CEO of Air France-KLM, said in an interview with the German newspaper Frankfurter Allgemeine Zeitung as well as with French newspaper Les Echos and Lufthansa Group CEO Carsten Schohr that having to avoid Russia adds two to two-and-a half hours to flights from Europe to Asia. All costs associated with the extra flight time are to be paid by the customer. Smith added that customers don't...

IndiGo, India's budget carrier, announced on Friday that it had signed a contract confirming the conversion 30 of its 70 A350-900 purchase rights into firm orders. This doubled its widebody order list to 60 from 30, and increased its total number of A350-900s ordered. This move is part of India's strategy to increase its long-haul services and capture more international traffic away from Gulf carriers like Emirates. According to government and industry data, India's international air traffic is expected to grow from 64 million passengers in 2019 to 160 million passengers by 2030. However, the majority of this traffic will...

Air India has been in discussions with Airbus and Boeing about adding more wide-body aircraft to its planned purchase of up to 300 aircraft. This is a sign that the turnaround for the Tata Group's Air India has accelerated. Sources say that the negotiations include 80 to 100 wide body jets in addition to 200 narrow body jets and 25-30 large-body aircraft previously reported. Airbus stated that it "does not comment on confidential conversations, which may or might not happen with customers." Air India and Boeing didn't immediately respond to requests for comments. Air India had been reported to be...

Boeing said that it delivered 55 jets to customers in September. This is up from 33 in September of last year, when the production was curtailed by a strike by some 33,000 workers at its Northwest factories. The total is broadly stable from August's 57 deliveries Boeing delivered 87 aircraft in September 2018, its best month since 2018. However, it still lags behind rival Airbus which delivered 73 planes last month. Airbus delivered 507 aircraft to Boeing's 440 in the first nine-month period of this year. Last month, Boeing delivered 40 737 MAX jets, including 10 to Ryanair. One of...

Spirit Airlines, in an effort to optimize its fleet, will not purchase 52 Airbus aircraft and its options on 10 more. AerCap will take over the aircraft orders. The agreement between Spirit and AerCap was approved by the U.S. Bankruptcy Court of the Southern District of New York on Friday as part of a settlement of disputes. Spirit's second bankruptcy was triggered by a dispute with the largest aircraft leasing company in the world. AerCap abruptly cancelled the lease agreements of 36 Airbus A320neo jets scheduled to be delivered to Spirit in 2027-2028. The company also claimed that Spirit had...

Wizz Air aims at ending engine-related groundings for its Airbus aircraft before the end of 2027. However, a senior executive stated on Tuesday that he has not seen an improvement in Pratt & Whitney's bottlenecks which are blamed for the blocking of dozens of jets. Ian Malin, CFO of Wizz Airlines, said that the number of aircraft grounded due to long inspection waiting times has dropped from 60 at its peak. Wizz reported that 41 aircraft were grounded at the halfway point of the year due to GTF engine inspections. The plan is to have the fleet deparked by 2027....

Amsterdam Schiphol Airport announced on Monday that it will freeze airline fees in 2026. The previously planned 5% hike was scrapped following discussions with airlines. Schiphol Airport, Europe's busiest, has increased the fees charged to airlines this year by 41% as part of its three-year plan for funding new investments in the airport. Fee increases will be used for noise reduction, including night flight charges. In a press release, CFO Robert Carsouw stated that "we understand the impact of the 2025 fee increase on airlines". Schiphol has a good financial performance, but some airlines find it expensive. We're talking about...

Director general of the Nigerian civil aviation authority said that they are looking at certifying China’s C919 jets for Nigerian carriers. This is because Nigerian airlines have taken on more aircraft, and relations with Beijing are warming up. COMAC, a Chinese planemaker, is currently producing the C919 narrow-body aircraft to compete with the leading Western planemakers Airbus & Boeing and has had several discussions with Nigeria about the aircraft. This month, the Nigerian aviation minister said that Nigeria is open to COMAC to use the country as an access point to the larger African market. COMAC, the state-owned company, faces...

Air France KLM, the Dutch branch of Air France KLM, announced on Monday that Air France and Delta will no longer use its ground services in Amsterdam Schiphol Airport following the weeks-long strikes of its ground crew. KLM said that the airlines told them they were looking for a new ground handling partner in Schiphol - one of Europe's most busy airports. KLM issued a statement saying that the decision had immediate operational implications, especially for its ground services division. The financial and employment implications of this decision is currently being assessed. Delta and Air France have not responded to...

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. Danish biotechnology firm Genmab has agreed to purchase cancer treatment developer Merus, listed on Nasdaq, for approximately $8 billion in cash. U.S. president Trump and congressional leaders will hold last-minute discussions just as Republicans are preparing for a shutdown of the government by mid-week, which could include a new round of firings. Hegseth, the Defense Secretary, will address senior officers and enlisted members of the military at a gathering that will be held...