LONDON, UK – Europe's aviation industry is extending its bounceback from the Covid pandemic, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits on Thursday. The sector is flying at cruising altitude on pent-up demand after emerging from the dark days of Covid, which grounded planes...
Major stock markets trade mixed as US inflation data awaited
London, United Kingdom - Major stock markets traded mixed Thursday before the release of US inflation data that could present a clearer idea on when the Federal Reserve will start cutting interest rates as inflation cools. Traders reacted also to yet more earnings, with the Paris CAC 40 reaching a fresh...Air France-KLM posts profit
The airline reported record revenue of US$32.49bn in 2023.Air France-KLM posts profit jump
Turnover increased nearly seven percent to 8.7 billion euros.
Lufthansa to suspend Beirut flights amid Middle East tensions
The spokesman, who blamed the decision on the "current situation in the Middle East", confirmed information from two passengers who had been unable to fly from Frankfurt to Beirut. On Saturday Lufthansa cut its flights to Tel Aviv, citing "the current security situation".
Air France-KLM to buy stake in SAS
Air France-KLM will buy 19.9% shares of SAS.
British Airways slashes loss
The airline was helped by "strong" demand from holidaymakers.ITA Air chief quits amid clash over sale
Chairman Alfredo Altavilla was accused of obstructing an offer by US investment fund Certares, Delta Airlines and Air France-KLM in favor of a proposal by Germany's Lufthansa and shipping group MSC.
Social media greenwashing by fossil fuel interests ‘rampant’: study
This is a widespread corporate practice researchers call "redirecting responsibility" in which individual behavior, rather than the actions of governments and companies, is placed at the center of climate action. "It can make a company seem greener actually in a unique way that does the subtle work of overriding even...
