Tag: Air Transport

What is inflation? Hint: It’s not the 12% increase in rental-car prices last month

When Chipotle CMG, +1.21% CEO Brian Niccol shared that the company has increased its menu prices by nearly 4%, some customers thought they knew exactly...

Vaccinated and need a vacation? CDC relaxes guidance for Americans traveling to more than 100 countries.

The U.S. Centers for Disease Control and Prevention has issued updated travel advice, easing restrictions on more than 100 countries and opening up more destinations...

Airlines demand trans-Atlantic travel restarts, as Biden prepares for G-7 trip

The bosses of six airlines offering U.S.-U.K. passenger services have called for trans-Atlantic travel restrictions to be lifted, saying high COVID-19 vaccination rates in both...

American Airlines joins Southwest in extending suspension of alcohol sales

American Airlines is joining Southwest Airlines in holding off on resuming in-flight alcohol sales following an assault against a flight attendant last week. The moves...

Ryanair CEO Calls Belarus Flight Diversion a ‘Premeditated Hijacking’

Ryanair Holdings RYAAY 1.64% PLC rejected Belarus’s account of the diversion of one of its planes Sunday, angrily condemning the forced landing in a private...

Belarus Faces EU Flight Ban for Grounding Ryanair Plane With Dissident

European Union leaders agreed to impose a new round of sanctions against Belarus and ban its airlines from entering the bloc’s airspace and airports, a...

Belarus Jet Forces Ryanair Plane to Land in Minsk

MOSCOW—Belarusian President Alexander Lukashenko scrambled a jet fighter to force a Ryanair commercial aircraft to land in Minsk, where a Belarusian journalist and opposition activist...

U.S. to Downgrade Mexico’s Air-Safety Rating

U.S. officials are planning to downgrade Mexico’s aviation-safety rating in coming days, people familiar with the matter said, complicating a rebound in what has become...

U.S. stocks push higher as investors shake off tax jitters

Stocks traded higher Friday, lifted by data indicating an acceleration in private-sector economic activity and another round of red-hot new home sales, after markets dipped...

ETF Wrap: Let’s get away from it all

Raise your hand if you’ve got a mean case of cabin fever. After the past 13 months, of course you do! You want to see...

The pandemic’s differing earnings effects will be on display with tech, airline reports

The first big week of earnings season will kick off with a study in contrasts. The tech and airline sectors feature prominently on the earnings...

Get ready for stock buybacks to roar back

U.S. corporations ranging from financial powerhouses to technology titans also have been stockpiling cash as a ballast against the COVID-19 storm. Investment-grade companies ended 2020...

Travel and leisure top list of corporate credit ratings in flux during pandemic

The COVID-19 pandemic has not only been disrupting lives and businesses around the world for more than a year, but also the credit ratings of...

PwC lets U.K.-based staff choose start times — and clock off early in the summer

PwC has told its U.K. based staff they can spend around half their working hours at home after the COVID-19 pandemic ends — and clock...

What you need to know about COVID-19 vaccine passports — and the ‘double privilege’ dilemma they raise for society

Neil Schwartzman is used to getting vaccines in order to travel to exotic parts of the world such as the Great Rift Valley of Kenya...

European stocks softer in aftermath of Fed Chair Powell’s comments

European stocks struggled on Friday, following sharp losses for Wall Street after Federal Reserve Chair Jerome Powell indicated the central bank wasn’t ready to stem...

Here’s the main reason Robinhood traders have been able to push stocks higher — and, no, it isn’t by squeezing hedge funds

With the broader stock-market indexes in a bit of a coma this week, the talk of financial markets is still the awakening of retail investors...

Archer Aviation gets a $1 billion order from United Airlines, on the same day it announces a deal to go public

Archer Aviation Inc. said Wednesday that United Airlines Holdings Inc. placed a $1 billion order for its all-electric vertical take-off and landing aircraft (eVTOL), on...

President Biden removes key figure at National Labor Relations Board — union leaders rejoiced

Amid a flurry of first-day orders and actions, President Joe Biden’s administration showed the door to a top-ranking lawyer at a labor agency meant to...

Dow trades to records but retreats in first full day of Biden presidency

U.S. stock benchmarks turned south Thursday morning, after initially extending the rally to fresh records, as investors pondered President Biden’s prospects for combating the COVID-19...

The COVID-19 earnings recession is expected to remain, but an end may be in sight

After the holiday quarter last year snapped an earnings recession, the same is not expected this year — but it isn’t impossible, and may happen...

U.S. stocks close lower for the week after release of big bank quarterly results, Biden aid plan

U.S. stock benchmarks closed the week on a down note Friday, with the three major indexes registering their largest one week drop since October 30,...

Boeing to pay $2.5 billion to settle U.S. fraud charges over 737 Max

Boeing Co. has agreed to pay more than $2.5 billion in penalties, including nearly $1.8 billion in compensation for airlines, to resolve charges of misleading...

Bans on U.K. travelers begin in some parts of Europe, amid highly infectious COVID-19 strain

News of a far more contagious strain of the coronavirus in the U.K. has prompted several European countries to halt flights and trains from that...

‘Hold the champagne’ on China’s updated climate-change target — guide markers still don’t guarantee net zero emissions by 2060

Chinese President Xi Jinping on Saturday pledged to cut the nation’s carbon emissions per unit of economic output by over 65% by 2030 and boost...