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☆ KLM cancels dozens of flights at Amsterdam airport due to storm
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: 1 min

AMSTERDAM, Nov 2 (Reuters) - Dutch airline KLM has scrapped dozens of flights to and from Amsterdam Schiphol airport on Thursday as storm Ciaran is expected to hit the Netherlands with wind gusts of up to 110 kilometres (68 miles) per hour. "We have decided to cancel all KLM flights to and from Schiphol from early afternoon until the end of the day," the Dutch arm of airline Air France KLM (AIRF.PA) said. Reporting by Bart Meijer; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Ciaran, Bart Meijer, Kim Coghill Organizations: Dutch, KLM, Air France KLM, Thomson Locations: AMSTERDAM, Amsterdam Schiphol, Netherlands, Schiphol

☆ Which airlines have suspended Israel flights after Hamas attacks?
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +4 min

Here are airlines that have temporarily halted flights to and from Israel:AFRICARoyal Air Maroc cancelled flights to and from Tel Aviv on Saturday and Sunday. On Sunday, United Airlines (UAL.O) and American Airlines (AAL.O) suspended direct flights to Tel Aviv. EUROPEAll airlines owned by Germany's Lufthansa (LHAG.DE), including Austrian Airlines, Swiss International Airlines and Brussels Airlines, cancelled flights to and from Tel Aviv through Saturday. Norwegian Air (NAS.OL) cancelled flights from Copenhagen and Stockholm to Tel Aviv and return flights through Sunday. Portugal's TAP suspended flights to and from Tel Aviv without providing a time frame.

Persons: Amir Cohen, Britain's, Vueling, Alessandro Parodi, Joao Manuel Mauricio, Milla Nissi, Bernadette Baum 私 Organizations: Gaza, REUTERS, AFRICA Royal Air Maroc, Delta Air Lines, Sunday, United Airlines, American Airlines, Tel Aviv . United, Air Canada, ASIA Hainan Airlines, Cathay, HK, Korean, Germany's Lufthansa, Austrian Airlines, Swiss International Airlines, Brussels Airlines, Saturday, Ryanair, Air France KLM, Norwegian, TAP, Sunday . British Airways, IAG, Air Europa, Italy's ITA, Aegean Airlines, Bulgaria Air, Air Malta, Virgin Atlantic, EAST Etihad Airways, . Gulf Air Locations: Sderot, Israel, Tel Aviv, AFRICA, ASIA, China, Beijing, Shanghai, Shenzhen, Hong Kong, Incheon, EUROPE, Europe's, France, Copenhagen, Stockholm, Hungarian, Iberia, Spanish, London Heathrow, Abu Dhabi, Gdansk

☆ Airlines suspend Israel flights amid Gaza war
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +2 min

Here are airlines that have temporarily halted flights to and from Israel:AMERICASOn Sunday, U.S. carriers United Airlines (UAL.O), Delta Air Lines (DAL.N) and American Airlines (AAL.O) suspended direct flights to Tel Aviv. ASIAHainan Airlines (600221.SS), the only Chinese airline to fly between China and Israel, cancelled flights between Tel Aviv and Shanghai on Monday. EUROPEAll airlines owned by Germany's Lufthansa (LHAG.DE) cancelled flights to and from Tel Aviv through Monday. Britain's easyjet (EZJ.L) halted flights with Tel Aviv on Sunday and Monday, and would adjust the timing of flights in the next few days. Portugal's TAP cancelled flights to and from Tel Aviv scheduled for Sunday and Monday.

Persons: Britain's, Finland's, Monday . Virgin Atlantic, Alessandro Parodi, Milla Nissi, Bernadette Baum Organizations: Israeli, El, Abu Dhabi International Airport, United, United Arab Emirates, Presidential Affairs, REUTERS, Sunday, United Airlines, Delta Air Lines, American Airlines, Tel Aviv . United, ASIA Hainan Airlines, . Cathay, HK, . Korean, Germany's Lufthansa, Air France KLM, Portugal's TAP, Iberia Express, Monday . Virgin, Etihad Airways, Thomson Locations: Abu Dhabi, United Arab, Handout, Tel Aviv, Israel, U.S, ASIA, China, Shanghai, Hong Kong, Incheon, EUROPE, Madrid, Gdansk

☆ Air France flight turns back to Osaka after malfunction, Kyodo reports
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +1 min

TOKYO, May 28 (Reuters) - An Air France KLM SA (AIRF.PA) passenger plane flying from Osaka in western Japan to French capital Paris turned back on Sunday after weather radar and speed meters malfunctioned while flying over the Pacific Ocean, Kyodo news agency reported. None of the 324 passengers and crew were injured, but the aircraft's leading edge was damaged and the cause was being investigated, Kyodo said, citing the transport ministry's office at Kansai International Airport. Air France flight 291 took off from Kansai airport around 11:15 a.m. (0215 GMT). The Airbus SE (AIR.PA) A350 turned back about 35 minutes later and landed safely at the same airport at around 2:25 p.m. The Kansai airport office of the Ministry of Land, Infrastructure, Transport and Tourism did not answer telephone calls from Reuters seeking comment.

☆ Air France-KLM posts Q1 revenue beat driven by strong summer bookings
▼ + stars: | 2023-05-05 | by ( Federica Mileo | ) www.reuters.com time to read: +2 min

[1/3] Logo of Air France KLM Group is pictured on the first Air France airliner's Airbus A350 during a ceremony at the aircraft builder's headquarters of Airbus in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis DuvignauMay 5 (Reuters) - Air France-KLM (AIRF.PA) on Friday reported better-than-expected first-quarter revenue and robust cash flow as it benefited from a global recovery in air travel and strong summer ticket sales. The carrier's revenue grew 42% year-on-year to 6.33 billion euros ($6.97 billion), just above the 6.30 billion euros expected on average by analysts polled by the company. Air France-KLM said it did not see an impact from the cost- of-living crisis, pointing to more than 1.5 billion euros in ticket sales over the first quarter and to a strong demand across its network. Air France-KLM said the impact from French air-control strikes had been limited and was in the millions of euros, which it quantified as smaller than the impact from previous strikes.

☆ Air France-KLM in talks with Apollo for $550 mln cash injection
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

May 4 (Reuters) - Air France-KLM (AIRF.PA) said on Thursday it engaged with private equity firm Apollo Global Management (APO.N) for a 500 million euro ($550.70 million) capital injection for one of its engineering and maintenance units. The new financing arrangement if complete will help strengthen Air France-KLM’s and Air France’s balance sheet, the group said in a press release. Air France-KLM and Apollo Global Management entered into a similar solution last year where the private equity firm invested 500 million euro in the company to help repay French state aid. Earlier in April, Air France KLM agreed to revolving credit facilities (RCF) worth 2.2 billion euros, adding that these are linked to environmental, social and governance (ESG) targets. Air France KLM is due to report its first quarter results on May 5.

[1/2] FILE PHOTO-Planes of German air carrier Lufthansa are parked as Lufthansa pilots start a strike over a wage dispute, at the airport in Frankfurt, Germany, September 2, 2022. REUTERS/Kai PfaffenbachROME/FRANKFURT, Jan 18 (Reuters) - German carrier Lufthansa (LHAG.DE) said on Wednesday it had offered to buy an minority stake in ITA Airways, betting on reviving the loss-making successor to Italy's Alitalia and expanding its footprint in Europe. One of the sources said it was valued at 200-300 million euros ($540 million). The new right-wing administration in Rome passed a decree in December to initially sell a minority stake through capital increases, in order to speed up a full divestment in ITA. "Acquiring ITA is one of the most challenging propositions in European aviation: the airline has been persistently loss-making," said Bernstein analyst Alex Irving.

[1/2] FILE PHOTO-Planes of German air carrier Lufthansa are parked as Lufthansa pilots start a strike over a wage dispute, at the airport in Frankfurt, Germany, September 2, 2022. REUTERS/Kai PfaffenbachBERLIN/ROME, Jan 18 (Reuters) - German carrier Lufthansa (LHAG.DE) said on Wednesday it had offered to buy an initial minority stake in ITA Airways, Italy's state-owned successor to Alitalia. Lufthansa said Italy is the most important market outside of its existing home markets and the United States, noting its prominence as both a business and tourism destination. The move comes after the new right-wing administration in Rome passed a decree in December to initially sell a minority stake through capital increases, in order to speed up a full divestment in ITA. Beside its domestic German business, Lufthansa already operates the brands Swiss, Austrian Airlines and Brussels Airlines.

Among the most prolific rulemakers was the European Union, which began to roll out sustainability rules for asset managers as part of a series of dictates aimed at ensuring the bloc hits its climate targets and helps rein in global warming. Regulatory scrutiny also broadened to include investment ratings and the labeling of sustainable investment funds. In the United States, for example, both Goldman Sachs Asset Management and BNY Mellon Investment Adviser were fined over ESG failures. ESG rules will also fast become mandatory rather than optional in 2023 - with the EU expected to push out 200 pages of guidance in January alone to help market participants use its green taxonomy, a list of environmentally friendly activities, and other ESG rules. However, this is only likely to happen in stages from 2023 given there are no global taxonomies or rules on what constitute sustainable investments.

☆ Corporate travel propels boom in sustainable aviation fuel
▼ + stars: | 2022-12-07 | by ( Jamie Freed | ) www.reuters.com time to read: +5 min

SAF accounted for only 0.5% of aviation fuel in 2021, but many airlines have a target of 10% by 2030 and the industry's goal of "net zero" emissions by 2050 relies on SAF accounting for 65% of fuel. The corporate sector interest could build momentum for the SAF industry to scale up given businesses account for around 20% of air travel globally and 30% in Europe, said Denise Auclair, corporate travel campaign manager at European non-governmental organisation Transport & Environment. 'GREEN PREMIUM'Buying SAF is more costly than purchasing emissions offsets but experts say it can play a key role in reducing travel emissions alongside switches to video-conferencing and cleaner alternatives like rail. "They contract with us, they pay for the cost premium of sustainable aviation fuel over the conventional jet fuel, and then enable us to deliver sustainable aviation fuel for our partner airlines to consume," he said. Companies are able to contract directly with airlines, travel agencies like American Express Global Business Travel (Amex GBT) (GBTG.N) and fuel providers like Neste as they look to claim SAF credits and avoid pitfalls like double claiming.

☆ Italy to press ahead with plans to sell ITA despite MSC snub
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

ROME, Nov 22 (Reuters) - Italy's government will press ahead with plans to sell a majority stake in airline ITA Airways, the successor to Alitalia, Economy Minister Giancarlo Giorgetti said on Tuesday, after shipping group MSC dropped its interest. "We are open to anybody who wants to participate in the privatisation," Giorgetti told a news conference, adding ITA Airways's data room is "always open." Shipping group MSC, which had partnered with German airline Lufthansa (LHAG.DE) earlier this year to bid for ITA, said on Monday it was no longer interested in the transaction. On the other hand, a Lufthansa spokesman said last week that the German carrier was still interested in buying into ITA. The Treasury plans to privatise ITA through a direct sale while retaining a minority, non-controlling stake in the initial stage.

☆ Air France issues bonds convertible into shares for 300 mln euros
▼ + stars: | 2022-11-16 | by ( Silvia Aloisi | ) www.reuters.com time to read: +2 min

The shares plunged 13% in early trading as the issue dilutes current shareholders in Air France if the bonds are converted into new shares unless they buy into it. Air France said in February that it was considering options for a capital raising of up to 4 billion euros, including a rights issue and quasi equity debt issues. The bonds, which can also be exchanged with existing Air France shares, will be offered through a placement to qualified investors, the airline said. Air France-KLM received 10.4 billion euros in support in 2020 when the coronavirus pandemic hit, including through direct French and Dutch state loans. "The company is not aware of any subscription intention from its other main shareholders," Air France said.

☆ Bank of America cardholders will earn unlimited bonus rewards on all purchases on November 5 — here's how to make the most of More Rewards Day
▼ + stars: | 2022-11-04 | by ( Tessa Campbell | Personal Finance Reviews Fellow | Read More | ) www.businessinsider.com time to read: +24 min

Bank of America More Rewards Day is Saturday, November 5, 2022, starting at 12 a.m. Eastern Time. But if you're a Bank of America Preferred Rewards member, you'll only earn your Preferred Rewards member bonus on the purchase amount, and not the bonus earning. All personal and business Bank of America credit cards are eligible to earn the More Rewards Day bonus on November 5, 2022. If your Bank of America card doesn't normally earn rewards, you'll receive a statement credit equal to 2% of total purchases made on November 5, 2022. Cash back personal and business credit cards include:Points rewards personal and business credit cards include:Bank of America® Travel Rewards credit card , Bank of America® Premium Rewards® credit card, Bank of America® Premium Rewards® Elite credit card, BankAmericard® Power Rewards®, MERRILL+®, MERRILL+® Elite, Bank of America® Royal Caribbean®, Bank of America® Celebrity Cruises®, Norwegian Cruise Line®, Bank of America® Sonesta®, Bank of America® Beaches®, Bank of America® Sandals®, Bank of America® Virgin Atlantic®, Bank of America® Free Spirit®, Bank of America® Allegiant®, Bank of America® Premium Rewards® credit card, Bank of America® Premium Rewards® Elite credit card, BankAmericard® Power Rewards®, MERRILL+®, MERRILL+® Elite, Bank of America® Royal Caribbean®, Bank of America® Celebrity Cruises®, Norwegian Cruise Line®, Bank of America® Sonesta®, Bank of America® Beaches®, Bank of America® Sandals®, Bank of America® Virgin Atlantic®, Bank of America® Free Spirit®, Bank of America® Allegiant® Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card , WorldPoints® Rewards for Business credit cardsMiles rewards personal and business credit cards include:Alaska Airlines Visa® Credit Card, Bank of America® Air France KLMAlaska Airlines Business Credit CardNon-rewards and other rewards credit cards include:BankAmericard®, BankAmericard® Better Balance Rewards®, Bank of America® Amway®Bank of America® Platinum Plus® Business credit card

☆ For one day only, Bank of America cardholders will earn unlimited bonus rewards on all purchases — here's how to make the most of More Rewards Day
▼ + stars: | 2022-10-20 | by ( Tessa Campbell | Personal Finance Reviews Fellow | Read More | ) www.businessinsider.com time to read: +24 min

Bank of America More Rewards Day is November 5, 2022, starting at 12 a.m. Eastern Time. But if you're a Bank of America Preferred Rewards member, you'll only earn your Preferred Rewards member bonus on the purchase amount, and not the bonus earning. All personal and business Bank of America credit cards are eligible to earn the More Rewards Day bonus on November 5, 2022. If your Bank of America card doesn't normally earn rewards, you'll receive a statement credit equal to 2% of total purchases made on November 5, 2022. Cash back personal and business credit cards include:Points rewards personal and business credit cards include:Bank of America® Travel Rewards credit card , Bank of America® Premium Rewards® credit card, Bank of America® Premium Rewards® Elite credit card, BankAmericard® Power Rewards®, MERRILL+®, MERRILL+® Elite, Bank of America® Royal Caribbean®, Bank of America® Celebrity Cruises®, Norwegian Cruise Line®, Bank of America® Sonesta®, Bank of America® Beaches®, Bank of America® Sandals®, Bank of America® Virgin Atlantic®, Bank of America® Free Spirit®, Bank of America® Allegiant®, Bank of America® Premium Rewards® credit card, Bank of America® Premium Rewards® Elite credit card, BankAmericard® Power Rewards®, MERRILL+®, MERRILL+® Elite, Bank of America® Royal Caribbean®, Bank of America® Celebrity Cruises®, Norwegian Cruise Line®, Bank of America® Sonesta®, Bank of America® Beaches®, Bank of America® Sandals®, Bank of America® Virgin Atlantic®, Bank of America® Free Spirit®, Bank of America® Allegiant® Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card , WorldPoints® Rewards for Business credit cardsMiles rewards personal and business credit cards include:Alaska Airlines Visa® Credit Card, Bank of America® Air France KLMAlaska Airlines Business Credit CardNon-rewards and other rewards credit cards include:BankAmericard®, BankAmericard® Better Balance Rewards®, Bank of America® Amway®Bank of America® Platinum Plus® Business credit card

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