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  • WASHINGTON, Dec 17- The United States and Cuba have agreed to restore scheduled commercial airline service between the two countries, the U.S. State Department said on Thursday on the one-year anniversary of the Cold War foes' decision to normalize relations. The deal, the result of months of negotiations, paves the way for U.S. airlines to sell flights to Cuba...

  • *Sees $3 bln savings in 2016 from low fuel costs. Dec 17- Delta Air Lines Inc said it expected its passenger revenue per available seat mile to decline about 2 percent in the current quarter, smaller than the fall it had anticipated earlier. The company did not provide a profit forecast for 2016, but said it expected to save about $3 billion next year from low fuel...

  • UPDATE 1-Delta Air sees smaller fall in quarterly PRASM Thursday, 17 Dec 2015 | 7:12 AM ET

    Dec 17- Delta Air Lines Inc said it expected its passenger revenue per available seat mile to decline 2 percent in the current quarter, smaller than the fall it had expected earlier. The Atlanta- based company tightened its operating margin forecast to 16.5-17.5 percent for the quarter ending December from 16-18 percent anticipated earlier.

  • An agreement would pave the way for U.S. airlines to schedule flights to Cuba that travelers could book directly from their websites, which could boost tourism and business on the Communist-ruled island. The Associated Press, citing unnamed officials, reported earlier on Wednesday that the United States and Cuba had reached "an understanding" on restoring...

  • CHICAGO, Dec 16- Package delivery company FedEx Corp on Wednesday reported a better-than-expected quarterly net profit, saying higher margins, cost-cutting and a lower effective tax rate offset weak industrial production and global trade. Often seen as a bellwether of U.S. economic activity, Memphis, Tennessee- based FedEx reiterated its fiscal 2016...

  • Airlines aid on-time arrival with bookkeeping trick Wednesday, 16 Dec 2015 | 5:39 PM ET
    Delta departures screen

    On-time arrival is getting better for airline passengers but some of that improvement is attributable to a simple bookkeeping trick.

  • Hailing an Uber? Don't close your Messenger Wednesday, 16 Dec 2015 | 5:23 PM ET

    Used to exiting your Facebook to hail an Uber? Well that's changed. New Facebook and Uber partnership allows you to hail from Messenger.

  • CHICAGO, Dec 16- Package delivery company FedEx Corp on Wednesday reported a better-than-expected quarterly net profit, saying higher margins, cost-cutting and a lower effective tax rate offset weak industrial production and global trade. Often seen as a bellwether of U.S. economic activity, Memphis, Tennessee- based FedEx reiterated its fiscal 2016...

  • FedEx quarterly profit rises Wednesday, 16 Dec 2015 | 4:26 PM ET

    CHICAGO, Dec 16- Package delivery company FedEx Corp on Wednesday reported a higher quarterly net profit, reflecting higher margins and cost-cutting and a lower effective tax rate. The Memphis- based company reported adjusted net income of $729 million, or $2.58 per share, up 17 percent from $622 million, or $2.16 per share, a year earlier. Analysts had on average...

  • FedEx shares rise as earnings top expectations Wednesday, 16 Dec 2015 | 4:16 PM ET
    FedEx employees make deliveries in Manhattan.

    The shipping giant posted $2.58 per share on $12.5 billion in revenue.

  • *BA, Japan Airlines, Singapore Airlines also in EU ruling. LUXEMBOURG, Dec 16- Air France-KLM and 10 other airlines won a challenge against almost 800 million euros in fines for fixing air freight charges after Europe's second highest court said it had found contradictions in the EU decision. The two carriers merged to form Air France-KLM in 2004. British Airways'...

  • The next big thing in US trucking: Women Wednesday, 16 Dec 2015 | 11:30 AM ET
    Woman in Trucking

    With a 48,000-driver shortfall, U.S. trucking fleets are recruiting from a little-tapped labor pool: women.

  • NEW YORK, Dec 16- Motorists logged 273.5 billion miles on U.S. roads in October, a 2.4 percent increase over last year and the most ever for the month, according to data released on Wednesday by the U.S. Department of Transportation. The national average price for gasoline on Wednesday was $2.01 per gallon, down from $2.52 a year ago, according to AAA, the motorists'...

  • This airport ranked worst for satisfaction Wednesday, 16 Dec 2015 | 9:00 AM ET
    Travelers wait in line to enter the security area at the Portland International Airport on Nov. 12, 2014.

    A new study finds travelers are more satisfied with their experience as they go from check-in, through security and onto their plane.

  • EU adopts tougher rules on tracking jetliners Wednesday, 16 Dec 2015 | 6:00 AM ET

    BRUSSELS/ PARIS, Dec 16- The European Union on Wednesday adopted new rules to make it easier to track jetliners, stepping up international efforts to prevent a repeat of the disappearance of a Malaysia Airlines jet with 239 people on board. The move is the first change in core legislation by a major regulator since last year's unresolved disappearance of Flight...

  • ASEAN air safety regulator may still be decades away Wednesday, 16 Dec 2015 | 1:46 AM ET

    BANGKOK/ JAKARTA, Dec 16- It could take Southeast Asia, one of the fastest growing air travel markets, two decades to set up a regulatory body to oversee safety in an industry blighted by disasters in recent years, say national regulators and airline executives. The need for tougher regulations gained urgency following this month's report by Indonesia's...

  • Russia defense spending hits 10-year high Wednesday, 16 Dec 2015 | 12:53 AM ET
    Solders during military training on Northern navy on March 16, 2015 in Murmansk, Russia.

    Russia's defense spending increased at its fastest rate in a decade in 2015, according to IHS Jane's.

  • What's Uber doing to ensure safety? Tuesday, 15 Dec 2015 | 10:38 PM ET
    What's Uber doing to ensure safety?

    Bhav Bhasin, global head of trust and safety at Uber, discusses the company's safety procedures to protect Uber drivers and passengers.

  • Two injured when plane rolls off runway at Nashville Tuesday, 15 Dec 2015 | 8:46 PM ET
    A Southwest Airlines jet takes off at Midway Airport in Chicago, Illinois.

    Two people suffered minor injuries Tuesday when a Southwest Airlines jet carrying 138 passengers and crew rolled off a runway at Nashville Airport, NBC News reports.

  • Dec 15- Ford Motor Co said on Tuesday it secured a permit from California to begin testing its self-driving car on public roads from next year. Other carmakers already approved by California include Honda Motor Co Ltd, Daimler AG's, Mercedes Benz, Tesla Motors Inc, Nissan Motor Co Ltd and BMW AG. California is one of a handful of states, along with Michigan, Florida and...

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