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...The chosen heir as the elder of two sons, Saadé rose through the ranks of the group and still grills top executives on everything from container pricing to the fill rates of ships in hours-long meetings...
...Earnings before interest taxes depreciation and amortisation rose 11.7 per cent to $5.5bn....
...Some 4.7bn people are expected to take to the skies in 2024, according to the International Air Transport Association. That is 200mn more than the pre-pandemic high set in 2019....
...Shares rose 2 per cent in morning trading on Thursday, taking gains for the year to just over 5 per cent....
...Revenues rose by 12.2 per cent to £3.15bn, thanks in part to rising passenger volumes, but Mobico said higher wage costs and lower profitability in Germany had weighed on its earnings....
Carriers have come to rely on check-in charges as a source of revenue but face new disclosure rules
...Adina Vălean, the EU’s transport commissioner, told the Financial Times that EU officials were “looking into detail . . . of what is exactly going on in the market and why”....
John Lamola reasserts goal of becoming a ‘global brand’ as state-owned carrier turns profit for first time since 2011
...Rents, housing and energy were the principal drivers of inflation, offsetting cheaper transport....
...Is urban transport really winner-take-most? Until we see more evidence, we’ll continue to see Uber as a fast growing, moderately profitable transport company....
Approach for Aloha state carrier seems timed to gain from a rally in the currency but there are factors working against that too
...Shares in Spirit closed 47.1 per cent lower, while those of JetBlue rose 4.9 per cent. JetBlue and Spirit said in a statement they disagreed with the ruling and were evaluating their next steps....
...Ageas’s shares, meanwhile, rose 2 per cent this morning....
...UK infrastructure company Balfour Beatty expects growth to accelerate next year as the government invests in energy, defence and transport....
...Despite the woes of its manufacturers, Germany’s PMI reading rose above the 50 mark that separates growth from decline for the first time in 10 months....
...The French company’s bidding vehicle, Ceva Logistics UK Rose, said on Monday that it had received firm commitments to accept its bid from investors holding 16 per cent of Wincanton’s shares, while investors...
A tie-up with Frontier might be the cleanest way forward
Dara Khosrowshahi became entitled to award after meeting targets set before ride-hailing group’s IPO
Collapse in would-be buyer’s share price suggests the market thinks this deal will stay grounded
...Netflix said memberships to its advertising-supported tier rose 65 per cent from the previous quarter....
...IAG flew 95 per cent of its pre-pandemic capacity in 2023, while passenger revenue rose 33 per cent year on year to €25.8bn....
It would be better to look at ecommerce giant Amazon and the scale of its third-party shipping service
...Despite the financial impact from the Boeing groundings, United’s shares rose 5.3 per cent on Tuesday after it reported fourth-quarter results that beat forecasts, highlighting its “busiest travel period...
...Revenue in the quarter rose 22 per cent to £1.8bn, but fuel costs rose 31 per cent to £516mn....
...Technical specialists from the National Transportation Safety Board, the independent US government agency responsible for investigating civil transport accidents, will be poring over every inch of the door...
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