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Brazilian airline Azul cuts capacity in the third quarter, but expects growth thereafter
John Rodgerson, the Chief Executive Officer of Azul Airlines, said that the airline expects to reduce capacity again in the third quarter following recent major cuts. Then it will return to growth for the final three months of the year. Azul reduced its capacity in the second quarter by an unprecedented 10.6% compared to the same period last year, with a reduction of 24.9% in international operations. This was due to the disruptions caused by the U.S. and Israeli war against Iran, which pushed up jet fuel prices. Rodgerson said, "The fuel crisis peaked in the second quarter and it is also the weakest quarter for the year." "We cut capacity because we believed it was the right thing to do." The Brazilian carrier is the largest in terms of number cities served. It expects to reduce its capacity by around 4% during the third quarter, before returning to growth by 'the fourth quarter, as it completes its transition to a widebody aircraft. Rodgerson said that he remains optimistic about Brazil's airline market. He cited the resilient demand. He said, "The fundamentals are good in Brazil at the moment and we think we're well-positioned." "Wars and crisis don't last forever." Azul reported a record operating revenue for the second quarter of 4,98 billion reais (960 million dollars), up 0.7% on a year ago. However, core earnings fell 55.4% to 5010.1 million reais as fuel costs per liter soared by 61.8%. The company said that higher fares offset a part of the cost increase. Was it the final result that we desired? "Of course not. Fuel costs rose?by almost 700 million reais?during the third quarter, and we reduced?capacity. This was always going be a quarter of transition," Rodgerson stated, highlighting higher unit revenues and operational improvements.
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Four people are killed in record-breaking rain at Japan's Narita Airport
On Thursday morning, thousands of passengers were stranded in Tokyo's Narita Airport due to record rainfall. Flooding in the area had disrupted travel and knocked out electricity for homes. At least four people died. In Chiba Prefecture, near the capital Tokyo, more than 360 millimetres rained in just 24 hours, flooding roads and railways, and knocking out electricity to nearly 25,000 homes during one of Japan's most busy holiday weeks. The authorities have confirmed four deaths so far, including one trapped in a submerged vehicle. Soldiers were 'dispatched to assist with relief efforts. Toshihito Kumagai, Chiba governor, told reporters Thursday morning that the situation was "extremely unusual" even compared to Japan's weather history. "I've responded to many disasters, but this is the first time I've seen a situation like this." A spokesperson for the airport said that approximately 7,000 passengers were stranded in Narita due to the transport disruption. All flights are expected to operate "normally" on Thursday. Japan Airlines has said that some flights could experience delays, but there are no cancellations expected at this time. According to NEXCO - East, major highways in Chiba remain closed. This includes routes connecting Narita Airport, one of Japan's most important international transport hubs. On Thursday morning, several rail services were still suspended. However, some trains between Narita and Tokyo resumed service. (Reporting and editing by Mariko Katsumura and Hina Suzuki)
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PJM offers plan to purchase more power for data centres
PJM Interconnection is the largest?U.S. grid operator. Grid operator proposed on Thursday to federal regulators a backstop plan to purchase more?power?generation in order to avoid outages due to the surge of electricity needs for data centers. PJM, the company that manages electricity for 67,000,000 people across a region stretching from Washington, D.C., to Chicago, has filed the proposal at the U.S. Federal Energy Regulatory Commission, who would need to approve any move by the grid operator. The proposal highlights the growing tension between data center expansion and the ability of the power grid to keep pace. If PJM is unable to close the supply gap, residents and businesses will face a greater number of blackouts. The cost of the new generation may be passed onto consumers with no connection to data?centers. PJM recently held a capacity auction where power prices were capped at $325 per megawatt day. PJM's reliability requirement for meeting projected demand was 6.8 gigawatts short despite the high prices meant to encourage the construction of 'new power plants. This'shortfall raises the risks of grid -blackouts. PJM would like to close this gap with its proposed procurement plan. The results of the plan will be revealed in December. Critics of PJM’s proposal claim that the grid operator has failed to attract billions of dollars for new generating sources to meet the increasing energy demand of data centers. Don Mosier is the chief executive officer of East Kentucky Power Cooperative which provides energy to 1.2 million people and businesses. Mosier's comments appear in a letter sent to the U.S. Energy Department on August 6. PJM's proposals, according to the company, are designed to prevent residential customers from being charged higher energy costs due to the expansion of data centres. PJM also proposed creating a "registry" for data centers, and other large energy consumers that would track their location and electricity usage. PJM suggests that for data centers which do not'supply' their own electricity, it should temporarily cut off the electricity at the?sites during periods of extreme grid stress to prevent rolling blackouts. PJM stated that it does not have the power to cut off the electricity to these sites and would need the cooperation of each state government. The rapid growth of data centers has become a political headache for PJM, which includes Virginia, the home of the largest data center collection in the world. Residents are becoming increasingly concerned about the costs of powering data centers they consider noisy and intrusive. (Reporting By Tim McLaughlin; Editing by Sanjeev Miglani)
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Derailment of UK passenger train in southeast England causes 11 injuries
The British Transport Police said that the derailment?of a passenger train near Lewes station in southeast England?on?Thursday?left?two people with serious injuries and nine other persons with less severe injuries. British Transport Police reported that three carriages of the train rolled onto their side after the incident was reported at 3:44 pm local time. The police reported that a number of passengers were trapped at first but they have now been safely evacuated. At the scene, emergency services including Sussex Police, local fire, ambulance and rescue?teams and Sussex Police responded. Some of the injured were treated on site while others were transported to local hospitals. No immediate reports have been made of any injuries. In a press release, Assistant Chief Constable Ian Drummond-Smith said: "We have declared a major accident and an emergency response is ongoing at the scene. All passengers on the train are now safely evacuated from the service." He said that authorities are supporting the Rail Accident Investigation Branch's efforts to determine the cause of the derailment. In a recent post on 'X, Heidi Alexander, the Transport Minister said that the Government was 'working quickly with the rail industry to help passengers. (Reporting and editing by Andrew Heavens and David Goodman, and Aurora Ellis.)
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US revises Jones Act compliance rules and extends waiver of 90-day Jones Act.
U.S. Customs and Border Protection announced on Thursday that the Department of Homeland Security approved a second 90-day extension to a Jones Act waiver originally issued on March 17, 2026. This will allow certain cargoes covered by the Jones Act to continue moving between U.S. port on foreign flagged vessels under specified conditions. The waiver will begin on August 17, 2026 at 12 a.m. The CBP guidance stated that the waiver will begin on August 17, 2026, at 12:00 a.m. ET. CBP stated that any product covered must be loaded onto a vessel by 11:59 pm ET on November 15, 2026. ET, November 15, 2026. The agency also released a list of updated potentially covered products on August 17. CBP stated that "this?guidance serves as a notice of significant changes to the waiver requests process." Before a voyage starts, parties wishing to use a vessel flying a foreign flag under the waiver must submit a "vessel availabilty request" to the Department of War(DOW), Maritime Administration(MARAD) and CBP. CBP stated that the request must include information such as the vessel owner, the date of the voyage, the ports of loading and discharging, the cargo description, the frequency of shipment, the identity of the vessel, etc. MARAD will conduct a survey to determine if a U.S. vessel with coastwise qualifications is available for the transport. DOW will then decide if the waiver is applicable to the proposed trip based on the survey results. CBP said that the trade?community member initiating the request would contact the appropriate carriers to arrange transport. Carriers who operate foreign-flagged ships under the waiver must submit voyage information to CBP, and MARAD post-voyage report within 10 days after the completion of the voyage. This includes cargo details and the justification for waiver.
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UAE claims Iran attacked two ADNOC ships in Strait of Hormuz, but there were no injuries
The Abu Dhabi National Oil Company reported that two of its vessels were attacked Thursday evening while they transited the Strait of Hormuz. No injuries were reported. This was the second incident in which ADNOC vessels were involved in less than one week. The UAE condemned an alleged Iranian attack against a vessel associated with the state oil company on Saturday as it crossed the strait. According to WAM, the state news agency of the UAE, ADNOC has confirmed that the situation is under control. The UAE Foreign Ministry condemned a "hostile Iranian assault" on the two ADNOC ships. The UAE Foreign Ministry said that Iran's Revolutionary Guards committed "acts piracy" in targeting commercial shipping, and using the Strait of Hormuz as a means of economic pressure or extortion. This posed a threat to regional stability and global energy safety. WAM and the Foreign Ministry did not provide any details on the ships, their cargo or any possible damage. There were no reported injuries. The IRGC or Iran's Foreign Ministry did not immediately comment. Before the conflict, a fifth (or more) of the world's oil & liquefied gas was transported through the narrow waterway that connects Oman to Iran. Shipping has been disrupted repeatedly since the U.S. and Israel war against Iran began on February '28. This has increased freight rates, and raised security concerns. Iran's Revolutionary?Guards had previously threatened to take action against vessels that transited the strait if their crews were linked with Tehran's enemies or failed to?obey Iranian directives. ADNOC stated on Friday that it had been'significantly affected' by unprovoked attacks against its personnel and assets. It continued to meet customer demands in an "exceptionally difficult environment." ADNOC is Abu Dhabi's state oil company. It is the largest energy producer in the world and exports crude, natural gas, and refined products to countries around. Reporting by Enas Alashray and Eman Aboushassira, Editing by Chris Reese and Rod Nickel
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Bird remains found on 737 engine after Ryanair Greek incident
The U.S. National Transportation Safety Board reported on Thursday that bird remains were discovered in the 'engine' of a Ryanair Boeing 737 NG where a 'passenger' was partially sucked out through a broken window in July. The NTSB investigates the incident in which a piece from the engine of the plane broke and smashed a window. The plane was headed for Germany when it lost pressure, forcing the pilot to land in an emergency. In its preliminary report on the July 10 incident, the NTSB stated that there were four suspected bird strikes against the No. 2 engine of the aircraft. The flight crew reported that the No. 2 engine was damaged in the year before the accident. It was reported that "bird remains" were found in two?cases, although there was no damage discovered during the subsequent maintenance. The NTSB said that the CFM engine, made by a joint venture between France’s Safran and U.S. based General Electric, had been inspected?in May without any findings. Boeing and Ryanair declined comment on Thursday. GE and Safran did not respond to requests for comment. The NTSB is an independent U.S. agency that investigates accidents in civil aviation. It is leading the investigation of the Ryanair flight. The agency is still examining whether this incident is similar to others, such as the April 2018 engine failure that killed a passenger on a U.S.?Southwest?Airlines flight whose partial sucked-out window was fatal. The report stated that "the investigative team was aware of prior... events with similar engine models which resulted in damage engine?inlets, cowlings or fuselage structures." The investigation is still ongoing to determine if there are any similarities or details that can be drawn between this accident and other events. FAA Administrator Bryan Bedford said in an interview: "I don't think the early indications are that (the recent Ryanair problem) mimics what the Southwest incident was." In an interview, Bryan Bedford said: "I do not think that the Ryanair incident is similar to the Southwest incident." (Reporting from David Shepardson, Washington; Allison Lampert, Montreal; editing by Matthew Lewis).
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Source: Ukraine offers Russia a truce on the Black Sea in response to growing food shortage fears
Source: Ukraine has sent Russia a proposal suggesting that 'both parties' halt their attacks on civilian targets in the Black Sea. The strikes on ships and ports have raised concerns about global food supplies. Source familiar with the issue said that Kyiv had sent the offer of suspension via a third-party, but Ukraine is still waiting for the response. Both Russia and Ukraine, two major players on the world agricultural market, have accused one another of intensifying attacks on vessels used to export. EU WHEAT PARE GAINS AFTER RESULTS Kyiv was forced to find alternative routes for grain exports after many shipowners stopped stopping at ports in southern Odesa, a major hub of grain exports. After a Ukrainian attack on its Black Sea Port of Novorossiysk, Russia was forced to stop operations at the?three terminals and will be cutting?its grain imports. The Kremlin or the Russian Foreign Ministry did not respond immediately to a comment request on a report about Ukraine's offer. Alexander Grushko, the deputy Russian foreign minister, said that Moscow had not received any formal ceasefire proposals in the Black Sea before the report. We have heard many people call for moratoriums or truces in recent months. The ideas are being presented through different channels, but no formal proposals have been received," he told Russia's official news agency TASS. Euronext Wheat pared gains on Thursday in choppy trades to fall off a high of two weeks following the report. UKRAINE GRAIN TUMBLE Russia has tried to stop Ukrainian port operations, and the shipments that are a key part of Kyiv's war-ravaged economic system. After the Russian invasion of 2022, the United Nations and Turkey negotiated a deal that allowed Ukrainian grain exports continue in order to stave off an?imminent food crisis. In 2023, Russia refused the extension of the agreement. Ukraine established a second sea route after that which remained operational up until the most recent round of escalation. Kyiv claims that the options - rail or via the Danube- are very limited. On Sunday, Turkey expressed concerns to Russia and Ukraine about attacks, saying that both should declare a moratorium in attacks on the Black Sea. Ukrainian grain exports have fallen 76% on an annual basis so far this August due to the current de facto Black Sea port blockade. The agricultural sector has warned of the dire consequences of a continued blockade for the Ukrainian economy. Andrew Heavens edited this article.
United States sanctions targets include previous SriLankan Airlines CEO over Plane deal
The U.S. State Department announced a slew of sanctions on Monday to mark International AntiCorruption Day and the eve of Human Rights Day, targeting people from numerous countries, consisting of the former CEO of SriLankan Airlines over Airplane purchases.
Also targeted were North Macedonia's former deputy prime minister, Artan Grubi, as well as Enver Bexheti, a judge from that country's appeals court and Kevin Kedi, a councilman from the Marshall Islands, for supposedly accepting bribes.
The State Department stated the United States was redesignating UK resident Fawaz Akhras, father of the British-born other half of the deposed Syrian president, Bashar al-Assad, for offering him with product assistance.
A State Department declaration said Kapila Chandrasena, the former CEO of SriLankan Airlines, was designated for sanctions in addition to instant relative, for presumably accepting a. kickback in exchange for ensuring Sri Lanka purchased Airplane. airplane for over market value.
Sri Lanka's previous ambassador to Russia, Udayanga. Weeratunga, on the other hand, was accused of gaining from a corrupt. scheme involving the procurement of MiG aircraft for the Sri. Lankan Flying Force. He and immediate relative were. designated, the statement stated.
In 2020, Sri Lanka bought a probe into accusations of. bribery by European planemaker Airbus over the sale of aircraft. to state-run provider SriLankan Airlines, after Plane consented to. settle a corruption probe with regulators.
A senior official at SriLankan Airlines stated at the time. that a Colombo court had actually provided orders to arrest Chandrasena and. his wife Priyanka Niyomali Wijenayake as suspects of money. laundering.
The State Department also said that the United States, in. close coordination with the UK, was likewise sanctioning. 9 people and 19 entities associated with a global gold and. diamond corruption network based in Zimbabwe.
It stated Abdul Qader al-Murtadha, head of the Houthi National. Committee for Prisoners' Affairs (HNCPA) which organization. were designated for involvement in abuse, while visa. constraints were imposed on 7 individuals accused of. weakening peace and security in the West Bank.
None of the individuals named could immediately be reached. for talk about the steps, which involve a variety of sanctions. consisting of freezes of any U.S. properties and U.S. visa restrictions.
(source: Reuters)