MONACO _ Scorpio Tankers Inc. on Wednesday reported second-quarter net income of $57.6 million, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Scorpio Tankers shares have increased 27 percent since the beginning of the year.» Read More
QATAR AIRWAYS CHIEF WARNS AT IATA MEETING THAT THREAT TO OPEN SKY POLICY THREAT "WILL REVERBARATE" IN INDUSTRY.
*Profits seen rising from $16.4 bln in 2014. MIAMI/ PARIS, June 8- Global airlines raised their forecast for 2015 industry profits by more than 17 percent to $29.3 billion on Monday, almost doubling from last year and heralding a boom for carriers in North America that stand to reap half the worldwide total. The International Air Transport Association, announcing...
IATA SEES 2015 GLOBAL AIRLINE REVENUES DIPPING 0.7 PCT TO $727 BLN.
IATA REVISES UP 2015 GLOBAL AIRLINE PROFIT FORECAST TO $29.3 BLN FROM $25 BLN.
IATA SAYS AIRLINE INDUSTRY ROIC TO EXCEED COST OF CAPITAL FOR FIRST TIME IN 2015.
IATA SEES RECORD AVERAGE PASSENGER LOAD FACTOR OF 80.2 PCT IN 2015.
A United Express plane skidded off the runway as it landed in strong winds in Buffalo, New York, late Sunday. NBC News reports.
MIAMI, June 7- A positive trend in April traffic at Germany's Lufthansa continued in May with new business class and premium economy seats attracting passengers, Chief Executive Carsten Spohr said on Sunday. "When it comes to safety, Lufthansa has a reputation for safety, which has not been hurt or damaged by this tragic accident," said Spohr, speaking to reporters...
MIAMI, June 7- American Airlines Group Inc Chief Executive Doug Parker voiced concern on Sunday about the risk that capacity growth among airlines could depress profits, but told Reuters that in contrast with past cycles, the rise in capacity "feels different." "I don't know if we know the answer to that yet," Parker said on the sidelines of an International Air...
New Yorkers looking to hail an Uber in East Hampton will likely be out of luck this summer.
June 5- Google Inc said it would give monthly updates of accidents involving its driverless cars. Google said one of its vehicles was rear-ended at a stoplight in California on Thursday, bringing the total count to 13 accidents. Google's self-driving-car program director, Chris Urmson, said in May that the cars have been involved in 11 accidents.
June 5- Google Inc said it would give monthly updates of accidents involving its driverless cars as public interest groups ask for more data on the safety of the project. Google said one of its vehicles was rear-ended at a stoplight in California on Thursday, bringing the total count to 13 accidents. Google's self-driving car program director, Chris Urmson, said...
Google will report accidents involving its driverless-car program moving forward, USA Today reports.
"He evaded a $2.10 fare while in possession of nearly 7 thousand dollars and had a warrant for his arrest. Hmmmmmmm," police wrote.
As the number of drones entering the skies increases, accidents, injuries, and the potential for lawsuits are bound to follow.
Singapore will begin an experiment to begin crowd-sourced buses, with transport rerouted according to data amassed from commuters' smart cards. The Financial Times reports.
NASA insiders talk about the International Space Station, research being conducted and the role of the private sector.
June 4- Virgin America Inc said a majority of its pilots voted to be represented by the world's largest pilot union, ending its run as the last major U.S. carrier without collective representation for pilots. "The organizing effort was not unexpected, as Virgin America was the last remaining major U.S. airline without a unionized pilot group," Virgin America said in...
The move comes as the carrier's website has bogged down from bargain-seekers flocking to the site, causing it to slow, USAT reports.
June 4- Delta Air Lines Inc on Thursday said its operating profit margin this quarter could be lower than it expected as the U.S. airline industry wrestles with slightly weaker U.S. demand and with oil prices inching up. Delta's shares fell more than 1 percent while United's tumbled more than 2 percent after Compton said United was pricing competitively to...