Delta Air fell$. 38 or 1.0 percent, to $37.46. JetBlue Airways Corp. fell$. 36 or 3.2 percent, to $10.72. Southwest Airlines Co. fell$. 56 or 1.9 percent, to $28.28.» Read More
June 6- United Parcel Service Inc, the world's largest parcel delivery company, named David Abney chief executive to replace Scott Davis who will retire to become non-executive chairman. Both moves are effective Sept. 1. UPS shares closed at $103.62 on the New York Stock Exchange on Thursday.
June 6- United Parcel Service Inc, the world's largest parcel delivery company, said it had named David Abney chief executive. Scott Davis, who has been CEO and chairman since 2008, will retire and be the company's non-executive chairman. Both moves are effective Sept. 1, UPS said.
HONG KONG, June 6- Shares in China's Qingdao Port International Co Ltd weakened in their Hong Kong trading debut on Friday amid concern that the company could be hurt by a probe into metal financing at the world's seventh busiest port.
HONG KONG, June 6- Shares in China's Qingdao Port International Co Ltd are set open flat in their Hong Kong trading debut on Friday amid concern that the company could be hurt by a probe into metal financing at the world's seventh busiest port.
Talks to renew the labor contract for moving cargo through West Coast ports are now under way ... and a nervous business world is watching.
MILAN/ ROME, June 5- Alitalia is expected to give an initial green light to a tie-up with Etihad Airways at a board meeting on Friday in a last-ditch attempt to save a carrier that many in the industry have regarded as a lost cause.
GM CEO BARRA SAYS HAS SPOKEN WITH SECRETARY OF TRANSPORTATION AND KEY MEMBERS OF CONGRESS ABOOUT REPORT.
June 5- Logistics company UTi Worldwide Inc reported a bigger quarterly loss as revenue fell in its air and ocean freight businesses. The net loss attributable to UTi increased to $43.2 million, or 43 cents per share, in the first quarter ended April 30, from $12.4 million, or 12 cents per share, a year earlier. Excluding items, UTi posted a loss of 9 cents per share.
Maintenance workers for LATAM Airlines have threatened to delay or cancel flights throughout South America ahead of the World Cup.
SANTIAGO/ LIMA, June 4- Maintenance workers for LATAM Airlines have threatened to delay or cancel flights throughout South America in support of a strike by Peruvian colleagues in the days ahead of the World Cup.
LONDON, June 4- Odyssey Airlines will not be the first new airline to have attempted to break into the lucrative London- New York business travel market, one of the most profitable routes in the world, but this time it will be different, says its founder.
*ABN AMRO expects to grow its ship finance business in coming years. ATHENS, June 4- ABN AMRO is pumping billions of dollars into its shipping finance business as the sector looks to recovery- just as European rivals cut their exposure due to tougher capital constraints, the Dutch state bank's head of shipping said.
*Dufry to cement lead over DFS as largest airport retailer. ZURICH/ LONDON, June 4- Swiss travel retailer Dufry is buying rival Nuance for 1.55 billion Swiss francs, expanding its presence in Asia and cementing its position as the world's largest duty-free retailer ahead of Hong Kong- based DFS Group.
DOHA/ DUBAI, June 3- Qatar sealed its position at the center of a new aviation map this week as host to the annual meeting of the global airline industry's International Air Transport Association, but the Gulf country and its neighbors drew criticism from rivals about trade and investment policies.
BRUSSELS, June 3- European Union antitrust regulators have approved an alliance planned by world No. 1 container shipping company AP Moller-Maersk and another that includes Japan's largest shipper Nippon Yusen Kaisha aimed at tackling excess capacity.
DOHA, June 3- Moves by airlines to keep track of their aircraft in real time following the disappearance of Malaysian Airlines' flight MH370 could push up ticket prices for passengers- but governments should also foot part of the bill, airline industry leaders said on Tuesday.
*Venezuela expected to release only $486 mln. DOHA, June 3- Venezuela is being "wilfully irresponsible" in its treatment of airlines that have more than $4 billion of revenue trapped in the country, a leading industry body said on Tuesday.
NEW YORK, June 2- Private equity firms Warburg Pincus LLC and Vestar Capital Partners Inc are exploring an initial public offering of Triton Container International Ltd that could value the company at more than $6 billion, including debt, said three people familiar with the matter.
Media companies are among the commercial groups not allowed under current FAA rules, but tens of thousands of drones are already in use in the United States, often flouting federal restrictions, for a wide range of tasks from farming to film making.. The FAA last month highlighted a case where a drone nearly collided with a passenger plane near a Florida airport.
DOHA, June 2- Mystified by the loss of Malaysian jetliner MH370, some airlines will not wait for an industrywide solution to keeping track of their aircraft flights in real time, provided products are offered at the right price, industry executives said on Monday.
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