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Ben Nelms - 4 Mehr Bedi - 1 Pooja Desai - 1 Michael Rousseau - 1 Abhinav Parmar - 1 Shinjini - 1 Stephen Trent - 1 Whitney - 1
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Search resuls for: "Ben Nelms"


6 mentions found


☆ Alaska Air cuts profit view as rising labor costs cast shadow
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +1 min
File photo: An Alaska Airlines Boeing 737-900ER airplane prepares to land at Vancouver's international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms/File photo Acquire Licensing RightsOct 19 (Reuters) - Alaska Air Group (ALK.N) cut its full-year profit outlook on Thursday on rising labor expenses, as airlines draw up costly contracts to retain employees. Alaska Air forecast full-year profit between $4.25 and $4.75 per share, lower than its prior expectation of $5.50 to $7.50. The airline also trimmed its annual revenue growth forecast to between 7% and 8%, from a range of 8% to 10% expected previously. Excluding items, Alaska Air reported quarterly profit of $1.83 per share, missing analysts' average estimate of $1.87, according to LSEG data.
Persons: Ben Nelms, Mehr Bedi, Pooja Desai Organizations: Alaska Airlines Boeing, REUTERS, Alaska Air Group, Major U.S, Washington State, Alaska Air, Thomson Locations: Richmond , British Columbia, Canada, airfare, Alaska, Bengaluru
☆ Air Canada to buy 18 Boeing 787 jets
  + stars: | 2023-09-25 | by ( ) www.reuters.com   time to read: +1 min
An Air Canada Boeing 787-8 Dreamliner airplane is pictured at Vancouver's international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms/File Photo Acquire Licensing RightsSept 25 (Reuters) - Air Canada (AC.TO) said on Monday it had signed an agreement with Boeing (BA.N) to buy 18 widebody 787 Dreamliner jets, as the carrier looks to capitalize on strong travel demand and deploy fuel-efficient airplanes. The contract for Boeing's 787-10 jets includes an option to purchase 12 more aircraft. "The 787 is highly fuel efficient and will generate operational savings as well as support our sustainability goals of reducing emissions," Air Canada CEO Michael Rousseau said. Bloomberg in May first reported that the carrier was nearing a 787 Dreamliner deal with Boeing.
Persons: Ben Nelms, Michael Rousseau, Abhinav Parmar, Shinjini Organizations: Air Canada Boeing, REUTERS, Air Canada, Boeing, Boeing's, Air, Bloomberg, Thomson Locations: Richmond , British Columbia, Canada, Bengaluru
☆ Airlines shares hit turbulence on Alaska's dour forecast, RTX engine problem
  + stars: | 2023-07-25 | by ( ) www.reuters.com   time to read: +2 min
[1/2] An Alaska Airlines Boeing 737-900ER airplane prepares to land at Vancouver's international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben Nelms/File PhotoJuly 25 (Reuters) - U.S. airlines stocks tumbled on Tuesday as investors were spooked by downbeat forecasts from Alaska Air Group (ALK.N) and a warning on jet engines by aerospace giant RTX (RTX.N). Alaska's shares plunged 11.2% in morning trade, dragging United Airlines (UAL.O), American Airlines (AAL.O), Southwest Airlines (LUV.N) and Delta Air (DAL.N) down between 2.5% and 5%. Jetblue's shares fell about 5%, while those of ultra-low-cost carrier Spirit Airlines declined about 3%. Paris-listed shares of Airbus (AIR.PA) fell 2%.
Persons: Ben Nelms, Stephen Trent, Whitney, Art Hogan, You've, Shivansh, Johann M Cherian, Tim Hepher Organizations: Alaska Airlines Boeing, REUTERS, Alaska Air Group, Investors, Citi, United Airlines, American Airlines, Southwest Airlines, Delta Air, Raytheon, Pratt, Airbus, Riley Wealth, Spirit Airlines, Jetblue Airways, Thomson Locations: Richmond , British Columbia, Canada, Alaska, Boston, Paris, Bengaluru
☆ Canadian port workers back on strike after voting down government-brokered deal, returning supply chain to 'turmoil'
  + stars: | 2023-07-19 | by ( Lori Ann Larocco | ) www.cnbc.com   time to read: +9 min
Photographer: Ben Nelms/Bloomberg via Getty ImagesThe supply chain is in turmoil again with International Longshore & Warehouse Union West Coast Canada members walking off the job after a key union caucus voted down a tentative deal that had temporarily ended the West Coast ports strike last week. Rob Ashton, president of the ILWU Canada, said in a statement that it did not believe the recommendations had the ability to protect union jobs. His group estimated that the first strike would cause an average 6-8 weeks of supply chain disruption before conditions would return to normal. The National Association of Chemical Distributors told CNBC some chemical companies are expected supply chain congestion until October as a result of the strike. Critical chemicals that go into food, cleaning, water purification, and personal care, among many others, flow through the West Coast ports of Canada and down to the United States.
Persons: Prince Rupert, of Prince Rupert in Prince, Trudeau, He's, Kinder Morgan, Ben Nelms, Rob Ashton, Seamus O'Reagan, " O'Regan, Steve Lamar, Lamar, Vancouver and Prince Rupert, Destine Ozuygur, Ozuygur, Eric Byer, Byer, HLS, Captain Adil Ashiq, Ashiq, Paul Brashier, BCMEA Organizations: Prince Rupert Grain Ltd, Canadian, Enbridge Inc, Kinder, Kinder Morgan Inc, Bloomberg, Getty, Warehouse Union, Coast Canada, British Columbia Maritime Employee Association, Canada's Labor, Canada's Transport, Canada Industrial Relations Board, Logistics, CNBC, American Apparel and Footwear Association, Railway Association of Canada, U.S, Port, HLS Shipping, Association of American Railroads, National Association of Chemical Distributors, Canadian National Railroad, Government, ., U.S ., ITS Logistics Locations: of, of Prince Rupert in Prince Rupert, British Columbia, Canada, Petroliam Nasional, West, British, Vancouver, U.S, Port of Vancouver, eeSea, United States, . West Coast, East Coast, China, U.S . West Coast, U.S . East Coast, North America, East, Asia
☆ Americans Along Canadian Border Fume Over Ottawa’s Housing Tax
  + stars: | 2023-04-28 | by ( Paul Vieira | ) www.wsj.com   time to read: 1 min
Canada’s annual underused-home tax is set at 1% of the assessed value or most-recent sale price. Photo: Ben Nelms/Bloomberg NewsOTTAWA—Americans who own property and vacation homes in Canada are furious over Ottawa’s plan to tax real estate that is not occupied year-round. Some Americans are considering selling their Canadian property. One member of Congress, representing western New York state, is pushing the Biden administration to file a trade complaint under the terms of the U.S.-Mexico-Canada trade treaty, or at least to persuade Canada to carve out an exemption for Americans.
☆ WestJet's Sunwing deal likely to raise 'substantial' competition issues
  + stars: | 2022-10-26 | by ( Reuters Staff | ) www.reuters.com   time to read: +1 min
FILE PHOTO: A WestJet Boeing 737-800 airplane prepares to land at Vancouver's international airport in Richmond, British Columbia, Canada, February 5, 2019. REUTERS/Ben NelmsMONTREAL (Reuters) - WestJet Airlines’ planned purchase of leisure rival Sunwing would likely have “substantial anti-competitive effects” on sales of vacation packages, including higher prices and less choice, Canada’s Competition Bureau said on Wednesday. Calgary-based WestJet, which is owned by private equity firm Onex Corp ONEX.TO, said in March it would buy Ontario-based Sunwing and the travel booking website Sunwing Vacations. “It would also likely result in a significant reduction in travel by Canadians on a variety of routes where their existing travel networks overlap,” it added. Sunwing said in a statement that the routes identified as a concern in the report are predominantly in Western Canada, seasonal and account for just over 10% of all seats.
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