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  • MOSCOW, Nov 17- Russian airlines are facing a drop in passenger numbers because of the Ukraine crisis, prompting some analysts to expect fleet reductions and possible state support next year to cope with deepening losses. The economy is teetering on the brink of recession, the rouble has shed almost 30 percent of its value this year and the cost of debt has risen...

  • Airbus applies to patent 'flying saucer' plane Monday, 17 Nov 2014 | 6:30 AM ET
    The Airbus patent design

    Airbus is hoping to patent a new plane that looks more like a doughnut or flying saucer than the usual passenger plane.

  • BRUSSELS, Nov 14- Etihad Airways secured European Union approval on Friday to acquire 49 percent of loss-making Italian airline Alitalia, the latest in a series of acquisitions made by the Abu Dhabi- based airline to expand its network around the world. For Etihad, which already has minority stakes in Air Berlin, Aer Lingus, Virgin Australia, Air Serbia and...

  • UPDATE 2-Virgin America soars in market debut Friday, 14 Nov 2014 | 11:26 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared almost 30 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. At the high, the stock was trading 8.08 times 2013 earnings per share, compared with Southwest Airlines Co's multiple of 37.43 and...

  • UPDATE 1-Virgin America soars in debut Friday, 14 Nov 2014 | 10:33 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared as much as 28 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. Virgin America's shares rose to a high of $29.48 on Friday, valuing the company at about $1.3 billion. Virgin America is the U.S....

  • Why transportation stocks will power higher: Pro Thursday, 13 Nov 2014 | 2:40 PM ET
    A Canadian National Railway locomotive pulls a line of cars through the Macmillan Yard in Vaughan, Ontario, Canada.

    One market pro thinks transports have more room to run. But another warns the market is in the midst of a crash up.

  • CHICAGO, Nov 13- United Parcel Service Inc expects full-year 2015 earnings per share to fall within a range of $5.45 to $5.70, the company's chief financial officer Kurt Kuehn said on Thursday. Chief Executive Officer David Abney also told investors that the Atlanta- based company will return $30 billion to shareholders over the next five years.

  • Airlines mine customer data in marketing drive Thursday, 13 Nov 2014 | 11:57 AM ET

    "The airlines know so much more about individual customers, it's such an exciting opportunity," Michael O'Leary, the chief executive of low-cost carrier Ryanair, said at a travel conference in Berlin. Lufthansa, meanwhile, is investing in an innovation hub in Berlin. He said Ryanair wanted to use information it has on how often people travel, where to and who with, to...

  • Air Mauritius first-half pretax loss widens on euro woes Thursday, 13 Nov 2014 | 10:47 AM ET

    PORT LOUIS, Nov 13- Air Mauritius posted a wider first-half pretax loss of 6.15 million euros from a 3.07 million euros a year earlier due to the depreciation of euro, the airline said on Thursday. Mauritius is a popular holiday destination, but the fragile economic situation in its core European markets and the depreciation of the euro against the dollar has hit...

  • PARIS, Nov 13- Indonesia's Lion Group is pushing forward with revived plans for a 2016 initial public offering now designed to fund an airport vital to securing its growth, chief executive Rusdi Kirana said. The 51- year-old former travel agent captured international attention when he announced record purchases of jets from Boeing and Airbus to serve...

  • PARIS, Nov 13- Indonesia's Lion Group is pushing forward with revived plans for a 2016 initial public offering now designed to fund an airport vital to securing its growth, Chief Executive Rusdi Kirana said. The owner of one of the world's fastest-growing airlines, Lion Air, is also close to placing an order for Airbus A330 wide-body jets, which it plans to use for...

  • DUBAI, Nov 12- The impact of the Ebola outbreak, regional conflict and an uncertain global economic outlook will remain a drag on the airline industry, Dubai's flagship carrier Emirates said on Wednesday after reporting higher first-half net profit. The world's fourth-largest carrier of international passengers posted a profit of 1.9 billion dirhams for...

  • Nov 12- American Airlines Group Inc will not add seats to the largest jets flown by its regional carriers, saying it is more important for new management to build trust with pilots than to increase revenue, Bloomberg reported. The planes flown by American Airlines's regional carriers will continue to have 76 seats, instead of increasing to 81 seats the airline...

  • Making cars safer: have the driver do less Tuesday, 11 Nov 2014 | 4:00 PM ET

    SINGAPORE, Nov 12- As millions of cars are under recall for potentially lethal air bags, designers are trying to reduce the need for the device- using sensors, radar, cameras and lasers to prevent collisions in the first place. The U.S.-based Insurance Institute for Highway Safety found that forward-collision warning systems cut vehicle-to-vehicle crashes by...

  • WASHINGTON, Nov 10- AT&T Inc has scrapped its plans to launch high-speed Internet service on commercial flights in order to focus on international expansion and video offerings, the company said in a statement on Monday. On Friday, the carrier announced a $1.7 billion acquisition of Mexican operator Iusacell, AT&T's second major acquisition this year...

  • Don't limit car service competition in NY: Official Monday, 10 Nov 2014 | 2:55 PM ET
    New York State Attorney General Eric Schneiderman

    New York state's attorney general urged the NYC Taxi and Limousine Commission to revise a proposed rule that would protect traditional car services.

  • The National Weather Service has issued winter storm warnings and watches for a wide swath of the northern U.S. from northern Idaho to northern Michigan with predictions of more than a foot of snow in many areas and temperatures dipping 20 to 30 degrees below normal. The storm is expected to hamper travel by closing roads with heavy snow and winds and causing...

  • Employee data may include names, dates of birth, Social Security numbers, addresses, beginning and end dates of employment and emergency contact information, the Postal Service said on Monday. "The intrusion is limited in scope and all operations of the Postal Service are functioning normally," USPS spokesman David Partenheimer said in a statement.

  • WASHINGTON, Nov 10- The U.S. Postal Service was the victim of a cyber attack that may have compromised the personal information of more than 800,000 employees as well as data on customers who contacted its call center from January through mid-August. The employee information possibly accessed includes names, dates of birth, Social Security numbers, addresses,...

  • WASHINGTON, Nov 10- The U.S. Postal Service reported a data breach on Monday that may have compromised personal information about its 500,000 employees as well as data on customers who contacted its call center from January through mid-August. The employee information possibly accessed includes names, dates of birth, Social Security numbers, addresses,...

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