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...“They could drive up energy prices or freight costs,” she said. “That’s why we need to remain vigilant.” Additional reporting by Martin Arnold in Frankfurt...
...Delta Air Lines last week raised the price of checking in a first bag from $30 to $35....
...Pumping air into that bubble is a new book by the economist Will Hutton, which I’ve been thumbing through over Easter....
...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....
...Air cargo has survived pilot and air traffic control strikes and an Icelandic ash cloud that closed north Atlantic airspace in 2010....
...“That ecommerce model also creates demand on air freight which we didn’t see before,” he said....
...Air and land freight can’t make up the difference....
...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....
...The 16 per cent collapse in Alaska’s share price on Monday suggests the market thinks this deal will stay grounded. Spirit’s share price offers little comfort....
...Last month, Guangzhou-based autonomous aerial vehicle maker Ehang started to sell its air taxi on Taobao, with a price tag of Rmb2.39mn, or around $330,000....
...Some shippers are turning to air freight, driving up prices: the average cost to fly 1kg of cargo from the Middle East to Europe has increased 35 per cent in the last month....
...The second chart shows the share price of Hawaiian Holdings — the parent of Hawaiian Airlines....
...Some manufacturers are resorting to air freight for critical parts. Fears of a prolonged disruption have pushed container shipping costs to the highest level outside the coronavirus pandemic....
...A version of this article was first published by Nikkei Asia on November 23. ©2023 Nikkei Inc. All rights reserved....
...Disney’s share price is down more than a tenth since Bob Iger returned with a plan of cost cuts....
...Shares in some of the biggest shipping companies also climbed, extending gains from last week as investors expect disruptions will cause freight rates to rise, boosting earnings....
...But its future is now up in the air because of the travails of Boeing, which is grappling with a crisis over its 737 Max jet following January’s mid-air panel blowout and two fatal crashes in recent years...
...So there is a bit of euphoria in the air, then. But what can investors do with this piece of information? Maybe nothing....
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
...Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit, will be replacing him. Instead of enjoying a boom, Hertz is in trouble again....
...the industry — particularly for lower-cost carriers — which has consolidated rapidly over the past two decades, leaving it dominated by the four big carriers: American Airlines, United Airlines, Delta Air...
...“As the relative share price moves suggest, if Spirit were able to sell its Wichita operations to Boeing this would be a coup....
...The chief executive has been rewarded: the share price has risen above the $45 listing price, after spending much of the past four years below it. Uber retains a few alternative enterprises....
...Even if ByteDance founder and chair Zhang Yiming and the board were willing to sell TikTok at a good price, Beijing might block the deal to avoid “losing face”....
...China’s consumers are tightening their belts even as prices are falling at their fastest rate in 15 years....
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