Western Europe

Turkish Airlines announced on Thursday that it had signed a contract to purchase around a quarter of Spanish airline Air Europa. Turkish Airlines will invest up to 355 million euros in convertible debt in exchange for a share of between 25 and 27%. The deal was agreed on in August. Air Europa's majority shareholder, Spain's Hidalgo Family, will continue to own the company through Globalia. British Airways owner IAG, however, will retain 20% of the shares through Globalia. Turkish Airlines said that it does not plan to increase its stake. Air Europa is valued at around 1.2 billion euro ($1.4...

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...

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-trade. Analysts polled by LSEG had predicted an operating profit of 1,27 billion euros (1,48 billion dollars) for the airline...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. - Due to the U.S. Government shutdown, the Federal Aviation Administration has ordered a 10% reduction of airline traffic in 40 major airports. The UK's Intermediate Capital Group has advanced discussions to sell Singapore’s PSB Academy for almost $382.5million to Sun Venture. Cathay Pacific is buying back Qatar Airways' 9.5% stake for $6.97 billion Hong Kong Dollars ($896.5 Million). Pfizer will sweeten their offer for Metsera again, the weight loss drug startup that is at the heart...

The RMT union in Britain announced on Tuesday that it had secured a three year pay deal for London Underground employees, following a strike action last September which brought the entire public transport system to a halt. The deal includes a 3.4% pay increase in the first two years. This will be followed by increases in line with Retail Prices Index (RPI), a measure of inflation. Minimum increases are guaranteed if the inflation rate drops. In a press release, the RMT union claimed that it had also achieved "fatigue-friendly shifts", additional discussions on staff travel and a guarantee of PS400...

Abdelhamid Addou, CEO of Royal Air Maroc, said that the Moroccan national carrier Royal Air Maroc expects to start receiving aircraft in 2028 from a major tender for fleet expansion. Addou stated that the tender, launched in April of 2024, is for 200 aircraft up to 2037. The company is currently evaluating Boeing, Airbus, and Embraer's offers. Addou, a reporter at the Arab Air Carriers' Organization General Assembly held in Rabat, said that the tender was currently being finalised. Addou did not disclose the exact value of the tender, but said that about 25% of the order would be wide-body...

Transportation Secretary Sean Duffy stated Monday that the Trump administration will shut down the U.S. Aviation System if it is deemed too dangerous to travel due to the ongoing government shutdown. If we think it's unsafe, we will shut down the entire airspace. We will not allow people to travel. At this stage, we're still not there. Duffy told CNBC that "significant delays" were the result of the shutdown. He added, "absolutely, there is more risk." United CEO Scott Kirby stated last week that the ongoing shutdown is impacting on flight bookings. Airlines are also concerned about the approaching holiday...

Dutch postal group PostNL announced a larger than expected operating loss for the third quarter on Monday. It cited growing pressures on its domestic mail operations, as volumes are declining and revenues are concentrated on a few large customers. The company and the Dutch government are at odds over the costs of letter delivery across the country, as the number or letters and parcels sent is declining. The company's request for temporary assistance from the Dutch government, and its subsequent appeal, were both rejected. PostNL's normalised losses before interest and tax grew to 24.5 million euros in the third quarter...

AviLease is a jet leasing firm that has been mandated by the Saudi Arabian Public Investment Fund, which manages a $1 trillion fund, to issue a bond in U.S. dollars for five years, according to IFR, a fixed income news service. In September, it was reported that the company had begun discussions with banks about a debut bond. It could also tap into global debt markets by the end of the calendar year. AviLease has appointed Citigroup, MUFG and Abu Dhabi Commercial Bank as global coordinators. They are also active bookrunners and leading managers, along with BNP Paribas First Abu...

Ryanair announced Monday that it had achieved a profit after tax for the six-month period ending September, which was just ahead of analyst expectations. It also increased its forecasted passenger traffic due to Boeing deliveries earlier than expected and strong demand in the first half. The Irish airline is the largest in Europe by passenger numbers. It said that it expects to recover its 7% average fare drop from last year during the financial year ending March 31. This should result in a "reasonable growth" of net profit for the entire year. The average fares increased by 13% in the...

According to a letter sent to members by the German pilots' union VC on Saturday, Lufthansa has been given more time to settle a pensions dispute. This will prevent a strike for the moment. In the letter of Friday, it was stated that the employer would be asked to make an offer again, and with a deadline. The talks have been going on since May. It said that it would "grant management enough time" to do this so, for the moment, no industrial action should be expected. However, it did not specify how much time management would receive. Lufthansa avoided...

Alaska Air Group announced on Friday that it will partner with Accenture in order to audit its IT systems after an outage this week caused its flights throughout the U.S. to be grounded. Alaska Air was affected by a Microsoft Azure outage that has affected its key systems including websites. The airline was forced to cancel over 400 flights. This halted the travel of more than 49, 000 passengers. Alaska Air said it would update its forecasts for the fourth quarter early in December "once the financial impact of recent IT disruptions has been fully understood," in a filing with...

DHL, the German logistics giant, reported on Thursday a higher-than-expected third quarter operating profit. Price adjustments and structural cost reductions helped DHL cope with an unstable economic environment. It reported quarterly earnings of 1.5 billion euro ($1.8 billion), exceeding analysts' expectations of 1.28 billion euro in a company provided consensus. DHL, the company that delivers worldwide packages and runs German postal services via Deutsche Post, has confirmed its financial forecasts for 2025, but stated the subdued macroeconomic climate would continue to impact the results. DHL stated that the guidance did not take into account any further possible escalation of tariffs...

Bpost, the Belgian postal service, reported a surprise operating loss in its third quarter, due to seasonal weakness, and lowered its capital expenditure guidance for this fiscal year. The adjusted loss before taxes and interest was $3.5 million, compared to the profit of $10.3 million euros from a year ago. Analysts surveyed by the company expected a adjusted operating profit to be 6.7 million euro. The company reduced its forecast for gross capital expenditures to 140 million euros from 180 million euros earlier, and stressed the importance of disciplined spending in a gradual approach toward 2026. In a press release,...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. A UPS plane crashed near Louisville, Kentucky. At least four people were killed and 11 injured. The number of fatalities is expected to rise. Sunway Healthcare in Malaysia will begin engaging with investors soon ahead of an IPO planned that could raise as much as $1 billion. Bain Capital and Perpetual, an Australian investment manager, are in exclusive discussions about the sale of their $14 billion wealth management business. Donald Trump, the U.S. president, has renominated Jared...

This year, industrial companies have experienced a rollercoaster ride as they have tried to adjust their trade policies to those of U.S. president Donald Trump. But this quarter, executives have suggested that confusion is receding, as the corporations have now had more time to adjust higher tariffs on U.S. imported foreign goods. In contrast to the first half, heavy machinery, engine manufacturers and construction firms, which reflect the "real" economy, have been able to navigate the current environment by reducing costs and increasing prices in order offset the tariffs imposed by the Trump administration. Executives say that while there are...

The global stock market reversed its course on Wednesday and was on track to end a four session streak of gains, while the U.S. Dollar extended gains following the Federal Reserve Chair Jerome Powell's dampening of expectations for a further U.S. central bank interest rate cut in December. The Fed reduced rates by 25 basis point, citing the limited data visibility caused by the U.S. shutdown. It also announced that it would stop the quantitative tightening of its $6.6 trillion (also known as QT) balance sheet due to evidence that liquidity in the money markets has tightened and bank reserves...

The global stock market was on track to gain for a fifth consecutive session on Wednesday. Meanwhile, the U.S. Dollar remained high after the U.S. Federal Reserve lowered interest rates. It also rose ahead of the earnings reports from several U.S. Megacap companies. The central bank reduced rates by 25 basis point, citing the lack of data visibility caused by the government shutdown. It also announced that it would stop the quantitative tightening, or QT, process, which involves reducing the $6.6 trillion in assets on its balance sheet. It was only logical to stop QT rather than risking a crash...

According to a forecast released by the industry association BVL, German logistics companies are facing pressure as they head into 2026. This is a year that will only see a 0.5% real growth year-on year. Due to the uncertainty of the economic and geopolitical environment, a group of logistics experts has presented three scenarios for the first. In the optimist case, a real growth of 1,1% is possible. However, in the pessimistic case, the sector will experience a decline of 0.4%. Specialists assess the current mood for autumn 2025 as being slightly negative, despite investment intentions remaining stable. Experts cited...

Analysts have trimmed their profit forecasts for the third quarter to reflect lower freight rates and weaker consumer demand. Ocean container rates are at their lowest level since January 2024 due to an oversupply in the industry and weaker demand after new U.S. Tariffs. This is threatening carrier profit. Analysts say that Maersk, the Danish shipping company, is relatively protected from the challenges of today's market, in part due to its long-term contracts, which are fixed at higher rates, with customers. Bernstein analysts stated in a research report that although container volumes increased 4% between January and August, this was...

The UK's telecom and Media regulator fined Royal Mail on Wednesday 21 million pounds ($28,1 million), the largest penalty it has ever imposed on a post and parcel group for failing to meet delivery targets in 2024-25. Royal Mail has tried to modernize its operations in order to increase volumes. Ofcom has also revised some of their targets to avoid delays. Since at least 2007, the group has failed to meet its delivery targets. Ofcom has fined the company 5.6 million pounds in 2022-23, and 10.5 millions pounds in 2023-24. This is their third annual penalty. Royal Mail was not...

The top Democrat of the U.S. Senate Finance Committee has accused the Trump Administration of inadequate customs procedures. This is because the administration ended the "de minimis", or U.S. exemption from tariffs for packages below $800. This led to major disruptions to mail shipments sent to U.S. consumers and small businesses. In a letter sent to Commerce Secretary Howard Lutnick, Senator Ron Wyden asked for answers about how the department determined that it had adequate systems in place to collect duty on low-value packages since the exemption expired on August 29, 2009. Wyden, a member of the Democratic Party who...

A forecast released on Monday shows that U.S. shipping companies will handle 2.3 billion parcels this holiday season. This is 5% more than the previous year. An extra shopping day has helped offset President Donald Trump's tax policies. Investors want to know about the holiday season, which runs from Thanksgiving through Christmas. Companies like FedEx or UPS can deliver up to twice as many packages some days. ShipMatrix, a logistics technology provider, said Monday that the expected increase in holiday delivery will not be distributed equally among companies. This could lead to a greater pushback from customers on "peak surcharges",...

Allegro, Poland's biggest e-commerce site, announced on Monday that it has signed a new contract with courier DPD to deliver parcels through the company's delivery service. Allegro is scaling and diversifying its logistics. Why it's important Allegro has taken steps to reduce its delivery costs. For example, it increased the merchant co-financing through its loyalty program and developed its own logistic muscle. KEY QUOTES Allegro stated in a filing that the agreement was part of its ongoing efforts to diversify and scale up the Allegro Delivery program by increasing cooperation with its logistic partners. By the Numbers Allegro stated that...