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Related Special Reports
...The IMF and the World Bank kick off their joint spring meeting on Monday in Washington....
...Delta Air Lines last week raised the price of checking in a first bag from $30 to $35....
...A review into the failure of the UK air traffic control system over last year’s August bank holiday has criticised “a significant lack of pre-planning” for major disruption....
...This is set to be a record-breaking year for air travel. Some 4.7bn people are expected to take to the skies in 2024, according to the International Air Transport Association....
...This compares with global air passenger volumes, which are only likely to exceed pre-pandemic levels this year, according to trade group Airports Council International....
...US federal regulators have temporarily grounded some Boeing 737 Max planes in American airspace after a section of an Alaska Airlines jet blew out in mid-air....
...The mid-air breach of the fuselage of an Alaska Airlines Boeing aircraft has put the spotlight on Spirit AeroSystems, one of the plane maker’s biggest suppliers....
...Most notably, the UK’s air traffic control system failed over the August bank holiday weekend last summer, affecting more than 700,000 passengers during one of the busiest travel periods of the year....
...The Delaware court this year invalidated such a practice at the investment bank Moelis & Co, which had given its founder veto power over nearly all of the standard work conducted by a board of directors....
...It has proposed Richard Anderson, the former chief executive of Amtrak and Delta Air Lines, and Mary Kathryn “Heidi” Heitkamp, a former US senator....
...The odds are it will be coming from card-issuing banks such as JPMorgan, Citigroup or Bank of America rather than Visa or Mastercard. Banks have plenty of ways to offset lower interchange fees....
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
...They did not rebound from that 10-year low until, in December, Alaska Air proposed a merger....
...The biggest profit driver was Citi’s corporate and investment bank, where fees jumped about 50 per cent from a year ago....
...Engineers working from home worsened the sweeping disruption that caused the UK’s air traffic control system to fail over the August bank holiday weekend, according to a review commissioned by the aviation...
...The levies under consideration by the group include an air passenger levy, wealth tax, maritime fuel levy and global tax on fossil fuel producers....
...Prices rose at an annual rate of 4 per cent in January, but most economists expect inflation to drop below the Bank of England’s 2 per cent target by the spring....
...While only a handful of Iran’s missiles, and none of its cheap diesel-powered drones, made it through Israel’s multi-layered Aerial Defense Array last weekend, Tehran and its proxies are sitting on a bank...
...Unless you are Alaska Air. The fifth-largest airline in the US has struck a deal to buy smaller rival Hawaiian Airlines — for $1.9bn, including debt....
...News of United’s discovery, which was first reported by the trade publication The Air Current, hit Boeing’s shares further....
...Instead, it will be smaller regional banks that will feel more of this pressure....
...Deutsche Bank has hired Alexandre Lotfi as head of wealth management lending for the UK and central Europe at its private bank. He previously worked for the Bank of Singapore....
...Isabel Schnabel, a member of the European Central Bank’s executive board, said on Wednesday in a question-and-answer session on social media site X that geopolitical tensions were one of the “upside risks...
Loss of air pressure → Lots of cash pressure
...The most likely scenario, he says, is that the bank will now face funding costs in excess of its return on assets — eroding capital slowly and zombifying the bank....
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