Tag: Transportation (TRBC)

China set to complete Beidou network rivalling GPS in global navigation

BEIJING (Reuters) – The Chinese Beidou navigation network will be complete this month when its final satellite goes into orbit, giving China greater independence from...

Germany stamps authority on Lufthansa with $9.8 billion lifeline

FRANKFURT/BERLIN (Reuters) – Germany threw Lufthansa (LHAG.DE) a 9 billion euro ($9.8 billion) lifeline on Monday, agreeing a bailout which gives Berlin a veto in...

Lufthansa, German government agree on $9.8 billion rescue package: sources

FRANKFURT/BERLIN (Reuters) – The German government and the management of flagship carrier Lufthansa (LHAG.DE), which has been hit hard by the coronavirus pandemic, have reached...

Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic

NEW YORK (Reuters) – The more than a century old car rental firm Hertz Global Holdings Inc (HTZ.N) filed for bankruptcy protection on Friday after...

U.S. senators urge Delta, JetBlue to restore employee hours

(Reuters) – A group of U.S. senators is urging Delta Air Lines Inc and JetBlue Airways Corp to immediately reverse their decisions to reduce employees’...

Britain’s Rolls-Royce to axe 9,000 jobs in air travel slump

LONDON (Reuters) – Rolls-Royce (RR.L) plans to cut at least 9,000 jobs, or more than a sixth of its workforce, in the latest blows to...

Exclusive: Delta will add flights to keep planes no more than 60% full as demand rises – sources

(Reuters) – Delta Air Lines Inc (DAL.N) will keep planes no more than 60% full through at least July, adding more flights to its schedule...

Canada’s Trudeau to look at possible further aid for airlines, after Air Canada layoffs

WINNIPEG, Manitoba (Reuters) – Canadian Prime Minister Justin Trudeau said on Saturday he would look at possible ways to help airlines further, but laid out...

Trump says doesn’t want to talk to Xi, could even cut China ties

WASHINGTON (Reuters) – U.S. President Donald Trump signaled a further deterioration of his relationship with China over the coronavirus outbreak, saying he has no interest...

Uber to require drivers, riders to wear masks around the world

(Reuters) – Uber Technologies, Inc. (UBER.N) on Wednesday said it will require drivers, delivery workers and riders globally to wear a mask as countries around...

Mitsubishi slashes SpaceJet budget, drops variant

(Reuters) – Mitsubishi Heavy Industries (7011.T) (MHI) said it was more than halving the annual development budget for its SpaceJet regional jet as the coronavirus...

Contact tracing, temperature checks and masks: airline industry outlines new norms

MONTREAL/SYDNEY (Reuters) – Airlines and airports are recommending a layered approach to temporary safety measures as air travel restarts, warning that no single measure can mitigate...

Oil prices drop amid supply glut, fears of 2nd coronavirus wave

SINGAPORE (Reuters) – Oil prices slid nearly $1 a barrel on Monday as concern over a persistent glut and economic gloom caused by the coronavirus...

Emirates to raise debt as it doesn’t see travel recovering for at least 18 months

DUBAI (Reuters) – Emirates, one of the world’s biggest long-haul airlines, will raise debt to help it through the coronavirus pandemic that has shattered global...

Lyft to require passengers and drivers to wear masks

TORONTO/NEW YORK (Reuters) – Lyft (LYFT.O) will require both passengers and drivers to wear masks and complete a health certification program, including confirming before each...

Uber sees ride business up from coronavirus lows in some U.S. markets

(Reuters) – Uber Technologies Inc (UBER.N) ride service bookings rose last week and the company expects a coronavirus-related slowdown will delay the goal of becoming...

Wall Street bullish on ride-hailing firms on lower driver costs, recovery signs

(Reuters) – Wall Street gave a resounding vote of confidence to ride-hailing stocks ahead of Uber’s (UBER.N) results on Thursday, after Lyft indicated a slow...

Lyft sees rider demand improve in late April, ‘on path to profitability’

(Reuters) – Lyft Inc (LYFT.O) on Wednesday posted higher-than-expected revenue and the ride-hailing company vowed further cost cuts to become profitable, saying ridership hit by...

California sues Uber, Lyft over misclassifying drivers as contractors

(Reuters) – California and three of its largest cities on Tuesday sued Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O), accusing them of classifying their...

Intel buys Moovit transit app for $900 million to help develop robotaxis

JERUSALEM/NEW YORK (Reuters) – Chipmaker Intel Corp (INTC.O) has bought Israeli public transit app maker Moovit for about $900 million to help it develop self-driving...

Norwegian Air shareholders back rescue plan: reports

OSLO (Reuters) – Norwegian Air (NWC.OL) shareholders backed key elements of its financial survival plan on Monday, local media reported, with about 95% of votes...

Google travel data show lockdown fatigue in U.S., Australia; other countries stay home

OAKLAND, Calif. (Reuters) – More people stayed home in Brazil, Japan and Singapore in April as those countries’ novel coronavirus cases surged, while people in...

AirAsia to halt Airbus deliveries and review orders

KUALA LUMPUR/SYDNEY/PARIS (Reuters) – AirAsia Group (AIRA.KL), one of Europe’s top five corporate export customers, will stop taking deliveries of Airbus (AIR.PA) jets this year...

Boeing says it will need to borrow more money on coronavirus fallout

(Reuters) – Boeing Co (BA.N) will need to borrow more money over the next six months and does not expect to pay dividends again for...

Virgin Atlantic says still talking with UK government on coronavirus funds

(Reuters) – Virgin Atlantic is still talking with the British government about a bailout package to cope with the devastating effects of the coronavirus outbreak...