It is always a stockpicker’s market. You just have to pick the right stocks. If you picked the so-called Magnificent Seven last year—a group of highflying, mostly tech stocks that powered the S&P 500 index to a 24% gain—you looked in the mirror and beheld a genius. This year, it might be wise to avoid … Read more
Updated Jan. 8, 2024 2:26 pm ET A burning inferno on the runway, followed four days later by a midair emergency involving a gaping hole in the side of the plane, isn’t the way the airline industry wanted to start 2024. After a fraught 2023, in which safety specialists and regulators raised alarms about mounting … Read more
Updated Jan. 6, 2024 10:31 pm ET The Federal Aviation Administration ordered a temporary grounding and immediate inspections of dozens of Boeing 737 MAX jets, after one of the planes made an emergency landing when a section of the aircraft ripped away in midair. Passengers and flight attendants described a harrowing incident during an Alaska … Read more
Updated Jan. 4, 2024 2:13 pm ET In its certification, Airbus was required to prove that its A350 aircraft can be evacuated in less than 90 seconds. In Tuesday’s collision in Japan, the last crew member escaped the aircraft after 18 minutes—but there were still no casualties. The sizable discrepancy, for the moment, represents a … Read more
Ethiopia signed a memorandum of understanding with Somaliland, a breakaway region of Somalia, to gain access to the Red Sea in exchange for a stake in its flagship carrier Ethiopian Airlines. Detailed negotiations to reach a formal agreement will be concluded in a month, said Redwan Hussein, national security adviser to Prime Minister Abiy Ahmed. … Read more
French police detained two passengers on an aeroplane carrying about 300 Indian citizens, including unaccompanied minors, on suspicion of human trafficking following an anonymous tip. ADVERTISEMENT French police have arrested two people after grounding a flight carrying about 300 Indian citizens, including 13 unaccompanied minors, the authorities said. The Airbus A340 flying from the United … Read more
Portugal’s Socialist Party (PS) chose Pedro Nuno Santos to lead the party in the next parliamentary elections following the resignation of Antonio Costa. The former infrastructure minister — backed mainly by the left wing of the progressive party — won the PS election on Saturday against Interior Minister Jose Luis Carneiro with 62 percent of … Read more
Updated Dec. 3, 2023 3:53 pm ET Alaska Air reached a roughly $1 billion deal to buy Hawaiian Airlines, a combination of two nearly century-old rivals that are dwarfed by the biggest players in a time of travel upheaval. The proposed deal would unite carriers that largely serve destinations in the Pacific region and operate … Read more
Alaska and Hawaiian Airlines planes takeoff at the same time from San Francisco International Airport (SFO) in San Francisco, California, United States on June 21, 2023. Tayfun Coskun | Anadolu Agency | Getty Images Alaska Air Group has agreed to buy rival Hawaiian Airlines in a $1.9 billion deal, setting up another potential regulatory battle … Read more
Shaving mere minutes off flight times might seem trivial on paper, but it can result in huge savings for airlines. ADVERTISEMENT Airlines are trialling new techniques to shave minutes off turnaround procedures as a way to cut costs. Flight companies in the US are making changes to reduce taxiing times and manage gate assignments more … Read more