Business Industrials

  • *Tigerair says it has approvals to fly to Bali until March 25. SYDNEY/ JAKARTA, Jan 12- Tigerair Australia on Thursday accused Indonesia of failing to honor an agreement allowing it to fly to Bali, a day after hundreds of the budget airline's passengers were stranded in the holiday destination due to a bureaucratic technicality. Tigerair flights from Melbourne,...

  • Jan 11- United Continental Holdings Inc said on Wednesday it had advanced the retirement of 747 s from its service to the fourth quarter of this year from end-2018. United will replace the Boeing 747 fleet, which it has been flying since 1970, with other fuel-efficient, cost-effective and widebody aircraft, Scott Kirby, president, United Airlines, wrote in a blog....

  • *Group's already lowered target range was 255- 275 mln stg. LONDON, Jan 11- British aerospace and defence company Cobham scrapped its final dividend on Wednesday after 2016 trading profit fell short of a target it had lowered just two months before the year-end. They were down 16 percent at 138 pence at 1315 GMT.

  • Jan 11- American Airlines Group Inc, operator of the No. 1 U.S. airline by passenger traffic, raised its estimates for a key industry revenue measure and its pretax margin for the fourth quarter, citing improving average fares. The company, whose shares were up 1.4 percent at $49.15 in premarket trading on Wednesday, said it now expected quarterly unit revenue to be...

  • Jan 11- American Airlines Group Inc raised its forecasts for a key industry revenue measure and pretax margin for the current quarter, citing improving average fares. American, the No.1 U.S. airline by passenger traffic said on Wednesday it now expected its fourth-quarter unit revenue to be flat to up 2 percent. The company's previous forecast ranged from a...

  • *Group's already lowered target range was 255- 275 mln stg. LONDON, Jan 11- British aerospace and defence company Cobham scrapped its final dividend on Wednesday after 2016 trading profit fell short of a target it had lowered just two months before the year-end. They were down 16 percent at 139 pence at 0933 GMT.

  • The reductions, disclosed in an internal memo seen by Reuters, also include dozens of job categories eligible for voluntary layoffs in Washington state, southern California and South Carolina. About two-thirds of those reductions were in Washington state. The announcement came as Boeing teamed up with a new lobbying group on Tuesday to defend $8.7 billion of...

  • SEATTLE, Jan 10- Boeing Co warned on Tuesday that it will conduct involuntary layoffs of engineers, part of an ongoing cost-cutting drive as the aerospace and defense company responds to increasing competition amid slowing aircraft sales. It listed dozens of job categories eligible for voluntary layoffs in Washington state, southern California and South...

  • SEATTLE, Jan 10- Boeing Co warned on Tuesday that it will conduct involuntary layoffs of engineers, part of an ongoing cost-cutting drive as the aerospace and defense company responds to increasing competition amid slowing aircraft sales. The reductions, disclosed in an internal memo seen by Reuters, also include voluntary layoffs. It did not indicate the...

  • The new group, Aerospace Works for Washington, will be a "megaphone" to warn that jobs are at risk, said Maud Daudon, chief executive of the Seattle Metropolitan Chamber of Commerce, which is leading the effort. Chicago- based Boeing, the world's biggest commercial aircraft maker, has its largest factories in Washington, and is the state's largest private employer,...

  • DeNichilo: You have to buy more reality and less hope

    Stephen DeNichilo, Federated Kaufmann Funds, and John Petrides, Point View Wealth Management, discuss where the opportunities are in the market following its huge run post-election.

  • SEATTLE, Jan 10- Boeing Co has joined a new coalition lobbying to preserve $8.7 billion in tax breaks that Washington state gave its aerospace industry in 2013, the group said. The group, Aerospace Works for Washington, also could be involved in other issues, such as efforts by the European Union to roll back the tax incentives under World Trade Organization rules,...

  • SEATTLE, Jan 10- Boeing Co has joined a new coalition lobbying to preserve $8.7 billion in tax breaks that Washington state gave its aerospace industry in 2013, the group said. The organization, launched on Tuesday, indicates growing opposition to changing the incentives, and aims to counter efforts by some state lawmakers to tie the tax breaks to employment in...

  • SEATTLE, Jan 10- Boeing Co has joined a new coalition lobbying to preserve $8.7 billion in tax breaks that Washington state gave its aerospace industry in 2013, the group said.

  • OTTAWA, Jan 10- Canadian housing starts rose more sharply than expected in December and November building permits were also firmer than anticipated, separate reports showed on Tuesday, suggesting Canada's long housing boom may not be over. Housing starts surged 10.6 percent in the final month of the year, well past already rosy expectations, as builders broke...

  • *Ryanair has set sights on Germany. FRANKFURT, Jan 10- Ireland's Ryanair has overtaken Lufthansa as Europe's biggest airline by passenger numbers after the German carrier on Tuesday reported a meager 1.8 percent rise in the number of people it flew in 2016.. Lufthansa is expanding its Eurowings budget brand to try and regain market share lost in Europe and it is...

  • Jan 10- Southwest Airlines Co said on Tuesday it expected smaller decline in fourth-quarter unit revenue, a closely watched metric, citing an improvement in average fares for U.S. flights booked at the last minute. The No. 4 airline by passenger traffic said it expects unit revenue to be down 3-4 percent for the quarter, compared with its December forecast of a...

  • Jan 10- Southwest Airlines Co said on Tuesday it expected a smaller decline in fourth-quarter unit revenue, a closely watched metric, citing an improvement in average fares for U.S. flights booked at the last minute. The No. 4 airline by passenger traffic said it expects unit revenue to be down 3-4 percent for the quarter, compared with its December forecast of a...

  • HO CHI MINH CITY, Jan 10- VietJet, Vietnam's only private airline, has the financial backing it needs to finance the country's biggest ever aircraft order from both Airbus and Boeing, its founder and chief executive, Nguyen Thi Phuong Thao, said. VietJet, which is expanding its international routes, announced in May last year that it had ordered 100 Boeing 737 MAX 200...

  • Frontier Airlines says its chief operating officer has left the company, the second high-level departure in less than a month at the budget airline. Denver- based Frontier ranks 10th among the 12 biggest U.S. airlines at on-time performance, with one in every four flights arriving late in the latest 12- month figures from the Department of Transportation.