AIRL

UK regional airline Fly ceases trading, cancels all flights

Collapses for second time in three years 276 workers made redundant by administrators About 75,000 customers had future bookings Hurt by delayed delivery of aircraft Rivals seeing rebounding demand LONDON, Jan 28 (Reuters) – British regional airline Flybe on Saturday ceased trading for the second time in three years, with all flights canceled and 276 …

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S&P 500 ends at highest in month, indexes gain for week as earnings kick off

JPMorgan, Wells Fargo shares jump US consumers’ inflation expectations ease – survey Tesla falls after price cuts on electric vehicles Indexes: Dow up 0.3%, S&P 500 up 0.4%, Nasdaq up 0.7% NEW YORK, Jan 13 (Reuters) – The S&P 500 and Nasdaq finished at their highest levels in a month on Friday, with shares of …

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China’s on the move again, economic outlook brightens

BEIJING, Jan 13 (Reuters) – Residents of China are increasingly on the move after the country’s sudden reversal last month of heavy COVID-19 curbs, despite a surge in infections, pointing to a gradual recovery in consumption and economic activity this year. Mobility and spending data — from subway passenger traffic in three of China’s biggest …

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Historic UK satellite launch may spur military appetite

Jan 8 (Reuters) – A mobile air-launched rocket system to be used in Britain’s first domestic satellite launch could sow the seeds for a globally dispersed rapid-response capability to put extra eyes in space in times of war, executives and analysts said. Virgin Orbit (VORB.O), part-owned by billionaire Richard Branson, plans to launch nine satellites …

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Southwest promises refunds as airline sees ‘certain’ financial impact

WASHINGTON, Dec 29 (Reuters) – Southwest Airlines (LUV.N) promised to reimburse passengers for expenses such as hotels and car rentals in addition to refunding tickets after it canceled thousands of flights due to a massive winter storm and said there would be a still-undetermined hit to its earnings. “There’ll certainly be an impact to the …

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Southwest flight upheaval a ‘system failure,’ US says

WASHINGTON, Dec 28 (Reuters) – US Transportation Secretary Pete Buttigieg on Wednesday ratcheted up pressure on Southwest Airlines (LUV.N), saying thousands more canceled flights indicated a system failure at the low-cost carrier. “We are past the point where they could say this is a weather-driven issue,” Buttigieg said in an interview posted by ABC News …

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US stocks drop on recession fears, Nasdaq closes at new bear market low

Tesla gains 3.3% in choppy trade Southwest Airlines slips 5.2% on government ballot Indexes down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters) – Wall Street’s main indexes ended weaker on Wednesday, with the Nasdaq hitting a 2022 closing low, as investors grappled with mixed economic data, rising COVID cases in China, and …

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Mesa says it will halt American Airlines flights, finalizing deal with United

WASHINGTON, Dec 17 (Reuters) – Mesa Airlines (MESA.O) said late Saturday it is finalizing an agreement to operate regional flights for United Airlines (UAL.O) after an announcement it will wind down flights for American Airlines (AAL.O ) early next year. In a memo sent to employees and provided to Reuters by the company, Mesa Air …

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