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IATA: Global airlines to record record net profit of $41 billion next year
IATA, the global airlines trade group, said that despite supply chain problems that have led to a slower delivery of aircraft and delays in introducing more fuel-efficient planes next year, the airline sector will post record profits. Airbus, the plane manufacturer, has lowered its 2025 plane delivery target due to a quality problem with certain metal fuselage panels of its A320 aircraft. In recent years, the world's two largest jet manufacturers Airbus and Boeing both faced delivery delays for their airline customers. Airlines say that they can't reduce fuel costs by flying more passengers if they don't have newer planes with better efficiency. IATA still struck a positive?note? for the coming year. Willie Walsh, director general of the International Air Transport Association said in a press release that airlines have built a shock-absorbing resistance into their business. This has led to stable profitability. (Reporting and editing by Jan Harvey; Joanna Plucinska)
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Airline warns green fuel goals are at risk due to a shortage of supply
The International Air Transport Association (IATA) said that the global airline industry will likely?miss? its targets for using green jet fuel in the next few years. It blamed fuel producers and regulators. SAF, which is primarily made from used or waste cooking oil, has the potential to reduce emissions by a significant amount compared with traditional jet fuel. It is still two to five time more expensive than traditional?fuel. IATA estimates that 2.4 million metric tonnes of SAF will be available by 2026, which is just 0.8% of the total fuel consumption. In 2021, the aviation industry committed to achieve net-zero emission by 2050. This was based heavily on a gradual shift to SAF. "We are not seeing SAF being produced in the quantities we had hoped and expected." Willie Walsh, director general of the trade group, told journalists that this was disappointing. He warned earlier that the 2050 goal of net zero could be in danger. According to IATA, sustainable aviation fuel is only about 0.3% of jet fuel used worldwide and was expected to reach 0.7% by 2025. According to experts, the aviation sector must increase production quickly to achieve its emission goals. The airlines have said for years that they will buy all the 'greener' fuel available but blame jet fuel producers for artificially raising prices and not producing enough. Walsh explained that the problem is not one of cost, but rather of availability. They are unable to obtain the SAF they need to "fulfill the ambition they have expressed." He said that he expects many airlines to backtrack on their sustainability pledges by 2026. Air New Zealand is leading the charge in setting realistic expectations. (Reporting and editing by Louise Heavens, Joanna Plucinska)
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After farmers' protest, Heraklion Airport in Greece resumes flights
Aviation officials reported that flights to and from Heraklion Airport, on the Greek island of 'Crete, resumed early on Tuesday after protesters who had blocked the terminal, ended their protest. Three flights were canceled and several others delayed on Monday after a group?of?farmers stormed the runway in Heraklion and threw rocks at police. An anonymous Greek aviation official said that the airport reopened its operations on Tuesday at around 0800 GMT. Farmers have blocked traffic with thousands of trucks and tractors in dozens blockades during a nationwide protest triggered by delays in funding. After a corruption scandal, in which some farmers, assisted by state employees feigned land ownership, they are now facing a deficit of over?600 millions euros ($699million) from European Union aid as well as other?payments. The audit process has slowed down subsequent payments. Reporting by Angeliki Koutantou, Renee Maltezou, and Alexander Smith
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Lithuania declares a state of emergency in response to smugglers balloons from Belarus
The government of Lithuania announced that on Tuesday, a?state of emergency was declared due to the threat to public safety posed by smuggled s?balloons from Belarus. Lithuania accuses Belarus of allowing smugglers use weather balloons for contraband cigarettes to be transported across the border. This has repeatedly forced Vilnius Airport to stop operations and disrupt air traffic. Vladislav Kondratovic, Interior Minister at a live-streamed government meeting, said: "The state of Emergency is declared not only because of civil aviation disruptions, but also due to national security interests." Kondratovic said that the declaration gives increased operational freedom to military forces, allowing them to work in coordination with the police or act independently. He did not, however, provide any further details. It was not immediately clear how long the emergency measures would last. Belarus, which allowed the use of its territory for Russia's invasion of Ukraine in 2022, denied responsibility for balloons. It also accused Lithuania of provocation, including sending a drone that dropped "extremist materials". Lithuania, which is a member of NATO and the European Union but was once a part of the Soviet Union, rejected these accusations as false. Ursula von der Leyen, President of the European Commission, said that the situation on the border had "worsened" and called Belarus' balloon incursions "hybrid attacks" which were "completely inacceptable." Lithuania in The Belarus border region was placed under a state-of-emergency over what it called illegal migration to the Baltic nation. Non-residents were not allowed access. Next year Vilnius declared a state of emergency following Russia's invasion in Ukraine, out of fear that Lithuania would also be targeted. It imposed restrictions on freedom of speech to curb what they said was possible Russian propaganda. (Reporting and writing by Andrius Sytas; editing by Terje Solsvik).
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India orders IndiGo, the airline in crisis, to reduce flights by 5%
IndiGo has been ordered by India's aviation regulator to reduce its?planned flight schedules by 5%. The?airline had to cancel?atleast 2,000 flights due to poor roster planning last week. IndiGo was asked to submit a revised schedule on Wednesday by the Directorate General of Civil Aviation. IndiGo was told by the regulator to reduce?flights? on routes that are operated by rival airlines and to avoid those where it has a monopoly. The notice didn't specify a deadline for the mandatory cuts. IndiGo didn't immediately respond to a request for comment. IndiGo was approved to depart 15,014 times per week during the winter travel season in India. The airline has cancelled 951 of the 64 346 flights that were approved in November. IndiGo shares fell 0.22% to?4,912 on Tuesday. Since December 1, they have lost almost 17.1% of their value. The airline was criticized for failing to 'adequately plan for new rest periods and duty rules which came into effect 'on?November 1st, leaving planes on the ground. This affected the travel plans for tens of thousand of passengers. Reporting by Abhijith Ganahapavaram and Aleef Jahan, Editing by Tom Hogue & Thomas Derpinghaus
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Malaysia's MISC secures Brunei's first floating natgas project
The Malaysian logistics firm MISC Berhad announced on Tuesday that it had secured its first floating production unit (FPU) in Brunei. This marks a strategic expansion of the offshore oil and natural gas market. The company announced that it had received a letter of award from Petronas Carigali Brunei Ltd for the lease, operation and maintenance of a FPU in connection with a natural-gas development project. The contract is for 12 years with three?options to extend it by one year each. According to MISC, the FPU's production capacity will be 450 million standard cubic feet per day. It will also have 1,170 barrels of condensate produced per day and a storage capacity of 300,000 bbls. The FPU will be deployed off Brunei in order to supply feedstock for the country's liquefied natural gas sector. According to Kpler, Brunei is a country that exports LNG. It shipped out?4.9 millions metric tons last year.
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Thyssenkrupp anticipates a deep net loss for 2026 due steel restructuring provisions
Thyssenkrupp is expecting a net loss in 2026 of up to 800 million euros ($931million), blaming the restructuring provisions made at its steel division, which it's trying to sell to India’s Jindal Steel International. Axel Hamann, the finance chief of the company, said: "We are creating the basis to sustainably improve our earnings through the measures we have planned for the current year. The company noted the "persistently difficult?market environment" and said that the free cash flow prior to M&A, closely watched by investors as a way to measure the group's cash-generating ability, would be negative 300 million to 600 millions euros in 2026. This is compared to a positive free cash flow of 363?millions euros in 2025. It was the third consecutive year with a?positive?free cash flow. Thyssenkrupp has proposed that its dividend remain at 0.15 euros for 2025, despite the fact that it recently spun off a?minority of its warship division TKMS 'and is seeking to sell stakes across all its?businesses.
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Maguire: Texas solar power output surpasses coal in Texas
In 2025, Texas' largest power grid will generate more energy from solar farms during a calendar-year than it does from coal plants. This marks a new milestone in energy transition for the U.S. According to LSEG data, the Electric Reliability Council of Texas generated 2.64 megawatt hours of energy from solar assets, compared to 2.44 million MWh of electricity from coal plants during the period January-November. Solar farms are expected to generate 150,000 MWh or more in December, even if solar generation drops in the last weeks of 2025 because of reduced daylight. In 2025, the U.S. climate watchers will be able to highlight the Texas solar output as compared with coal production. The coal output in the United States has risen sharply this year, and is still three times higher than solar energy. The steep rise in solar power in Texas, the U.S.'s main fossil fuel hub, will likely serve as a model for other states that are trying to increase output from every source possible to meet the rising demand. YEAR BANNER According to LSEG data, the increased installed solar capacity of?Texas in this year - 24% higher than in 2024 - has enabled solar power production in Texas to increase by 42% this year compared to a year ago. ERCOT's solar production is averaging a 44% increase from 2024, and has been setting new records each month in 2025. If the solar output for December is also up by 44% from a year ago, then this year's output total will be around 185,000 MWh. This would bring the solar generation for all of 2012 to 2,82 million MWh. COAL GROWTH LSEG data show that Texas solar generation has outperformed coal in the state even though ERCOT coal-fired plants have posted a 10% increase from the same month of 2024. In Texas and throughout the United States, utilities have tried to increase output this year from all sources to meet a higher energy demand. This is due to an increased use of artificial intelligence and a greater use of electricity. The steep rise in the price of natural gas has also led to widespread gas-fired plant closures in Texas and other states. According to LSEG, ERCOT's gas-fired electricity supplies are down by 4% compared to a year ago. They have reached 7.74 million MWh this year. Gas prices in the U.S. are currently around 50% higher than the average for 2024. Additional cuts to the gas-fired production can be expected where coal-fired power plants are available to cover the output gap. This means that coal-fired production in Texas, the top coal producer in the United States, is also expected to rise further in?2026. The state will finish strong in coal production. CLEAR CLEAN MOMENTUM Even though coal-fired power is on the rise, solar production has fallen to its lowest level in years, 2025 will be a crucial year for solar energy in Texas. Solar farms accounted from January to November for a record share of ERCOT's generation mix. This compares with a share of 13% for coal plants in the state. The solar share in Texas this year is compared to a mere 6% in the same months of 2022. This shows the rapid and massive rollout of solar assets in Texas over the past few years. Texas utilities are also the most aggressive in the nation when it comes to deploying utility-scale batteries storage systems. These allow surplus solar energy that is generated throughout the day to be stored and then released during times of peak demand. The combination of battery and solar power remains the fastest and most popular way for utilities to increase their energy supplies. This means that Texas solar parks will continue to expand in the years to come. These are the opinions of a columnist who writes for. You like this article? Check it out Open Interest The new global financial commentary source (ROI) is your go-to for all the latest news and analysis. ROI provides data-driven, thought-provoking analysis on everything from soybeans to swap rates. The markets are changing faster than ever. ROI can help you keep up. Follow ROI on You can find us on LinkedIn.
CMA CGM to pay bond with Air France-KLM stake
CMA CGM, the shipping group, is looking to raise approximately?325 millions euros ($378.3million) through a three-year bond that it can re-pay with its shares in Air France-KLM.
CMA CGM can also repay the bond with cash or a combination of cash and Air France KLM shares.
CMA CGM now holds 8.8% of Air France KLM's capital. It became a shareholder when it formed an air freight partnership in 2022.
The cargo partnership was scrapped by the companies in early 2024, and CMA CGM’s share of that partnership expired in February.
Ramon Fernandez, CMA CGM Chief Financial Officer, said that the company remains an Air France KLM shareholder, is confident in their?management team and believes there's upside potential for Air France KLM's stock price.
He said: "CMA CGM has issued this exchangeable bond, which it sees as a cost efficient financing that allows the Group to diversify their funding sources."
CMA CGM stated that the reimbursement via Air France-KLM's shares would represent a premium between?30% to 35% over December 9th's average share price.
CMA CGM has invested in its own air cargo division, and expanded its footprint in land logistics via its CEVA subsidiary.
CMA CGM, the Saade Family, who founded and control the Marseille-based Group, has also invested in other sectors, such as media, and major French companies like Carrefour.
(source: Reuters)