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STOCKHOLM/AMSTERDAM, Oct 12 (Reuters) - Airlines wrestled with the safety risk of evacuation operations in Israel on Thursday, with carriers including Dutch KLM cancelling flights while sister airline Air France mounted a special relief flight chartered by the French foreign ministry. Israel's parliamentary finance committee meanwhile approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines. The framework will grant Israeli airlines cover against war risks, thereby ensuring the continuity of air operations. Foreign airlines have struggled to find a common approach and the head of European budget giant Ryanair (RYA.I) said it was up to governments to plot the way forward. PATCHY RESPONSEGermany's Lufthansa (LHAG.DE) said it was sticking to its plans for evacuation flights on Thursday and Friday, while continuing to ground commercial flights to Israel.
Persons: Ben Gurion, Ben Smith, Ed Bastian, Sasha Gainullin, Rafael Schvartzman, Obama, Anna Ringstrom, Bart H, Meijer, Tim Hepher, Joanna Plucinska, Julia Payne, Carolyn Cohn, Steven Scheer, Rajesh Kumar Singh, Doyinsola, Terje Solsvik, Deborah Kyvrikosaios, Diane Craft Organizations: Airlines, Dutch KLM, Air France, Palestinian, Israel's, Norwegian Air, Insurance, Reuters, Foreign, Ryanair, KLM, Boeing, Lufthansa, Dubai's Emirates, Delta Air Lines, International Air Transport Association, Regulators, U.S . Federal Aviation Administration, Thomson Locations: STOCKHOLM, AMSTERDAM, Israel, Palestinian, Tel Aviv's, Ben, Gaza, Tel Aviv, Eilat, Emirates, United States, Europe, U.S, Ben Gurion
AdvertisementAdvertisementEven though Russian airspace is closed to US airlines, many Americans may still end up flying through Russian skies. This includes four European carriers: Air Serbia, Turkish Airlines, Pegasus Airlines, and Belarus' Belavia. Emirates' flight path from Dubai to Los Angeles on September 25 showed it flew over Russian airspace. Looking at the time of writing for mid-November, a ticket on Air India is nearly $2,000 cheaper than American. This was a particular concern earlier this year when Chinese airlines were using Russian airspace on routes to the US.
Persons: , FlightRadar24, Robert Menendez, James Risch, Putin, Roman Protasevich, Scott Kirby, Kirby Organizations: Carriers, Air India, Service, Moscow, Air, Turkish Airlines, Pegasus Airlines, Ethiopian Airlines, Qatar Airways, Etihad Airways, US ., Los Angeles, Uzbekistan Airways, Reuters, Travelers, NBC News, White, Malaysian Airlines, Ryanair, United Airlines, overflying, Airlines, China Eastern Airlines, American Airlines, Google, Current, Delta Air Lines Locations: Europe, Russia, Ukraine, Asia, Emirates, Russian, Air Serbia, Turkish, Belarus, Moscow, Africa, Air China, US . Emirates, Dubai, Los, West Coast, FlightAware . Emirates, Los Angeles, Air India, New Delhi, New York, Chicago, San Francisco, Tashkent, Qatar, Doha, China, detouring, Uzbekistan, American, Belarusian, Australia, overflying Russia, America, India, United
MEXICO CITY, Sept 28 (Reuters) - Mexican authorities should postpone planned flight cuts out of the capital airport until the summer 2024 season, which begins in March, an international group that represents major airlines said on Thursday. The government announced the flight cuts at the end of August, sparking an outcry from the aviation sector. The measure would limit flights per hour to 43, from 52 at the Mexico City International Airport to reduce airspace saturation and divert more traffic to the newer, state-run Felipe Angeles International Airport (AIFA). The cuts were originally set for November, but were postponed to January after protests from airlines. Since the cuts were announced, airlines Aeromexico and Viva Aerobus have said they will boost flights out of AIFA.
Persons: Felipe, Andres Manuel Lopez Obrador, Lopez Obrador, Kylie Madry, David Alire Garcia, Sarah Morland, Josie Kao Organizations: MEXICO CITY, International Air Transport Association, Mexico City International, Felipe Angeles International Airport, Mexico City International Airport, Thomson Locations: MEXICO, AIFA
An aircraft of the national flag carrier Vietnam Airlines taxis at Noi Bai airport in Hanoi, Vietnam December 23, 2020. REUTERS/Kham/file photo Acquire Licensing RightsSept 11 (Reuters) - The White House said on Monday that Vietnam Airlines' (HVN.HM) deal to buy 50 737 Max jets from U.S. planemaker Boeing (BA.N) is worth $7.8 billion. Boeing and Vietnam Airlines did not immediately respond to Reuters' requests for comment. The deal between the two companies was announced by the White House on Sunday. Boeing also has a deal with Vietnam Airlines' rival VietJet (VJC.HM) for the sale of 200 of its 737 MAX planes.
Persons: Joe Biden, Biden's, Vietnam's FPT, Shubham, Mrigank Dhaniwala Organizations: Vietnam Airlines, REUTERS, planemaker Boeing, Reuters, Vietnam Air, Boeing, White, International Air Transport Association, Microsoft, Nvidia, Thomson Locations: Noi Bai, Hanoi, Vietnam, Bengaluru
Vietnam Air, Boeing near $7.5 billion deal for 50 737 max planes
  + stars: | 2023-09-10 | by ( ) www.cnbc.com   time to read: +2 min
A Boeing 787 of Vietnam's state-owned airline, Vietnam Airlines, is taken to Frankfurt Airport's runway. Vietnam Airlines is expected to sign an initial agreement to buy about 50 Boeing 737 Max jets in a deal valued at about $7.5 billion, a person familiar with the talks told Reuters on Sunday. Boeing and Vietnam Airlines did not immediately respond to requests for comment. Boeing has a deal with Vietnam Airlines' rival VietJet (VJC.HM) for the sale of 200 of its 737 MAX planes. Boeing 737 Max jets were grounded worldwide for months after two fatal crashes in Indonesia and Ethiopia in 2018 and 2019.
Persons: Joe Biden Organizations: Boeing, Vietnam Airlines, Max, Reuters, International Air Transport Association Locations: Frankfurt, Hanoi, Vietnam, Indonesia, Ethiopia, Arlington , Virginia
Flights will be capped at 452,500 per year, Harbers said, 9.5% below 2019 levels and lower than a previous proposal of 460,000. Airlines that use Schiphol including Air France-KLM (AIRF.PA) have sued to try to prevent the cap at one of Europe's busiest airports. The decision is "arbitrary, ill-thought out and undercuts procedures normally used," said Ourania Georgoutsakou, managing director of industry group Airlines For Europe (A4E). Airlines opposed to the ban are appealing to the Dutch Supreme Court after losing an appeal in July. The International Air Transport Association (IATA), which supports the airlines' case, on Thursday told the Dutch caretaker government not to proceed ahead of a national election in November.
Persons: Yves Herman, Mark Harbers, Harbers, Ourania Georgoutsakou, Mark Rutte, Toby Sterling, Mark Potter Organizations: KLM, REUTERS, Rights, Aviation, European Commission, Airlines, Air France, Europe, Dutch, International Air Transport Association, U.S . Department of Transport, Thomson Locations: Amsterdam, Netherlands, Schiphol
Reuters first reported the planned cuts on Wednesday, citing an internal government document. Airport authorities met with airline representatives later on Thursday, but did not say how the flight reductions will be distributed among carriers, according to a source with knowledge of the meeting. Instead, airport officials would present the methodology for distributing the cuts in a future meeting, the source added. A representative for the airport confirmed the meeting occurred, but did not explain how it planned to divvy up the cuts. Mexico's top three carriers, Aeromexico, Volaris and Viva Aerobus, all also criticized the cuts in separate statements.
Persons: Luis Cortes, Andres Manuel Lopez Obrador, Lopez Obrador, Peter Cerda, Aerobus, Aeromexico, Volaris, Felipe, Kylie Madry, Cassandra Garrison, Raul Cortes, Bill Berkrot, Stephen Coates Organizations: Benito Juarez International, REUTERS, MEXICO CITY, Mexico City International, International Air Transport Association, Reuters, Aerobus, Felipe Angeles International Airport, Thomson Locations: Mexico City, Mexico, MEXICO, Latin America
[1/2] Aeromexico aircrafts and other planes are parked at gates at Benito Juarez International Airport in Mexico City, Mexico January 19, 2023. REUTERS/Henry Romero/File Photo Acquire Licensing RightsMEXICO CITY, Aug 30 (Reuters) - Mexico's government plans to cap flights at the Mexico City International Airport (AICM) to 43 an hour, according to an internal government document order seen by Reuters on Wednesday. The cuts follow previous flight caps at the airport last year, as the government attempts to reduce saturation in the Mexican capital's airspace. Earlier on Wednesday, the International Air Transport Association (IATA) urged Mexico to take alternative measures to its plans to announce flight reductions at AICM. Mexico last year moved to diversify its airspace around the capital, opening the Felipe Angeles International Airport (AIFA) north of Mexico City and turning back to the largely forgotten Toluca airport to the west of town.
Persons: Henry Romero, Carlos Velazquez, Felipe, Peter Cerda, Andres Manuel Lopez Obrador, Lopez Obrador, Kylie Madry, Cassandra Garrison, Leslie Adler, Stephen Coates Organizations: Benito Juarez International Airport, REUTERS, MEXICO CITY, Mexico City International, Reuters, Transportation Ministry, International Air Transport Association, Felipe Angeles International Airport, Thomson Locations: Mexico City, Mexico, MEXICO, Latin America, Toluca, IATA's, America, Texcoco, Mexican
A pilot says that flight attendants should be "more strict" with passengers. A flight attendants' union is also pushing for airlines to train its crew to "subdue and restrain" passengers. AdvertisementAdvertisementA private pilot has lashed out at abrasive customers, saying that flight attendants should tell customers they are here to ensure "safety" rather than just being a "server." People speaking disrespectfully to flight attendants and they, for the most part, ignore it. But somehow, the flight attendants ignore them," MacDonald said, adding that flight attendants are being "more tolerant" than customers think when dealing with disruptive passengers, said the pilot.
Persons: Morgan Gist MacDonald, We've, MacDonald, Taylor Garland, Conrad Clifford Organizations: Morning, Fox News Digital, Fox News, Firefly Aviation, International Air Transport Association, US Federal Aviation Administration, Association of Flight, Politico, Association of Locations: Cancun
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAirline ticket prices are 'pretty much where they need to be,' IATA saysConrad Clifford, deputy director general of the International Air Transport Association, says "globally, ticket prices have risen pretty much in line with inflation."
Persons: Conrad Clifford Organizations: Airline, International Air Transport Association
[1/2] Airbus CEO Guillaume Faury takes part in a panel discussion at the International Air Transport Association's (IATA) Annual General Meeting in Boston, Massachusetts, U.S., October 4, 2021. That mirrors a structure under which the planemaking business technically owns the two smaller divisions, Helicopters and Defence & Space, following an internal merger. Airbus says it is no longer politically driven following an agreement to limit government interference a decade ago. But such a structure would draw inevitable comparisons with the era of former planemaking chief Fabrice Bregier, who left Airbus in 2018 after a power battle with then CEO Tom Enders. INTERNAL BALANCEHaving a visible planemaking leader would more closely echo rival Boeing (BA.N), each of whose divisions has its own boss.
Persons: Guillaume Faury, Brian Snyder, Faury, apppointed, Fabrice Bregier, Tom Enders, Bruno, Alberto Gutierrez, Tim Hepher, Mark Potter Organizations: International Air Transport, REUTERS, Airbus, Helicopters, Defence, Space, Airbus Helicopters, Boeing, Thomson Locations: Boston , Massachusetts, U.S, France, Germany, Spain, Ukraine
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Extreme weatherHeat waves, wildfires, floods and storms have been hitting regions across North America, Europe and Asia. Air travel woesUS passenger airline employment is now at its highest level in over two decades, says a new statement from the International Air Transport Association (IATA) as carriers build up their workforces to meet the huge demand for post-pandemic travel. However, passengers this summer are still facing “unacceptable delays and disruptions” because of a shortage of air traffic controllers in North America. If all this has got you wistful for a bygone “golden age of air travel,” however, you’d be very wrong.
Persons: you’d, we’ve, Jay Khan, Janet Yellen’s, jian, Yellen, Liesbet Collaert, she’d, Christina Ward, Wahid Kandil, you’re, they’ve Organizations: CNN, Southern, International Air Transport Association, US Federal Aviation Administration, FAA, NAV Canada, US Locations: North America, Europe, Asia, Italy, Southern Europe, Ireland, Denmark, Bulgaria, Czech Republic, Las Vegas, Chicago, Hong Kong, Beijing, Yunnan, Belgian, California, Egypt, Barra, American, Paris
Singapore has overtaken Japan to boast of the world's most powerful passport, the Henley Passport Index showed. What it means is that the Singapore passport allows holders visa-free entry to 192 destinations out of 227 in the world. Germany, Italy and Spain tied in second place, with their citizens being able to visit 190 global destinations. Japan, which topped the list last year, slipped to third place — its passport allowing visa-free access to 189 destinations, down from 193 in 2022. Other passports that tied with Japan to rank third place are Austria, Finland, France, Luxembourg, South Korea and Sweden.
Organizations: Singapore, International Air Transport Authority, Japan Locations: Singapore, Japan, Germany, Italy, Spain, Austria, Finland, France, Luxembourg, South Korea, Sweden
The world’s most powerful passports for 2023
  + stars: | 2023-07-18 | by ( Maureen O'Hare | ) edition.cnn.com   time to read: +5 min
CNN —The jiggling and jostling atop the global passport rankings for 2023 just got a little more interesting. And while Asia has long dominated the top of the leaderboard in the index created by London-based global citizenship and residence advisory firm Henley & Partners, Europe is bouncing back. The US, meanwhile, has dropped a further two places to eight spot, with access to a mere 183 destinations visa-free. The Henley Passport Index is based on data from the International Air Transport Association (IATA) and ranks 199 passports worldwide. Estonia, Iceland (182 destinations)The worst passports to hold:Three countries around the world have visa-free or visa-on-arrival access to 30 or fewer countries.
Persons: Japan’s, It’s, Cristian H, Kaelin, , Greg Lindsay, Japan's, TOSHIFUMI KITAMURA, Arton Capital’s, Armand Arton, that’s Organizations: CNN, Henley & Partners, Henley, International Air Transport Association, Partners, Citizens, Cornell Tech’s Jacobs Institute, Getty, United Nations, United Arab Emirates Locations: Japan, Singapore, Asia, London, Europe, Germany, Italy, Spain, South Korea, Austria, Finland, France, Luxembourg, Sweden, United States, United Kingdom, Afghanistan, Iraq, Syria, UAE, Canada, AFP, Arton, Taiwan, Macao, Hong Kong, Kosovo, Palestinian, Territories, Netherlands, Switzerland, Denmark, Belgium, Portugal, Norway, Poland, Ireland, New Zealand, Czech Republic, Malta , New Zealand, Australia, Hungary, Greece, Lithuania, Latvia, Slovakia, Slovenia, Estonia, Iceland
European travellers are already on high alert over worries about air traffic control problems arising from both the reduced air space available due to the Ukraine war, plus staffing issues and industrial action at some locations. "Given the scale of the industrial action, disruption, delays and cancellations are inevitable across the airport," Unite said in its statement. Concerns over air traffic control delays already prompted easyJet to axe 2% of its summer flight schedule, mostly from Gatwick, on Monday. On the strike-affected days, 4,410 flights are due to depart from Gatwick, equating to over 840,000 potential passengers, according to aviation analytics firm Cirium. Britain's busiest hub, Heathrow Airport, agreed a pay deal with security workers in June, avoiding multiple days of walk-outs throughout the summer which had been planned by Unite.
Persons: EasyJet, easyJet, William James, Sarah Young, Sachin, Mark Potter Organizations: Gatwick, Menzies Aviation, DHL Services, Gatwick's, British Airways, DHL, Airlines, Financial Times, Heathrow Airport, Unite, Thomson Locations: Ukraine, London, TUI, Gatwick, Europe
Captain Izham Ismail started flying for Malaysia Airlines in 1979 and became its CEO in 2017. Yet despite coming from such a modest background, Ismail went on to become a pilot and then run Malaysia Airlines, one of the world's oldest carriers. Ismail started flying for Malaysia Airlines in 1979, became a captain and a decade later was selected for its senior management training scheme. After running one of its regional carriers and becoming group chief operating officer, Ismail was elevated to CEO of Malaysia Airlines in 2017. Malaysia Airlines has 11,000 staff, down from 35,000 two decades ago, and flies to almost 50 destinations, mostly in Asia, with 106 aircraft that are all leased.
Persons: Izham Ismail, Ismail, it's, , Captain Izham Ismail, , Mohd Rasfan, Khazanah, Christopher Mueller, He'd, Sabena, Mat Zain Organizations: Malaysia Airlines, Service, Bournemouth University, Philippine Airlines, MIT, Stanford, Boeing, Netflix, Aer Lingus, Germany's Lufthansa, Malaysian, British Airways, American Airlines . Malaysia Airlines, Qatar Airways, Emirates Locations: Malaysia, England, Malaysia's, Istanbul, London, Court, Kuala Lumpur, Beijing, Ukraine, Russian, Malaysian, Asia
Pete Buttigieg warned of "a real risk of delays or cancellations" as a 5G deadline approaches, per the WSJ. Hundreds of planes won't be fitted with updated equipment in time, so they could be banned from landing in low-visibility. Therefore any planes which haven't yet been fitted with the updated equipment won't be cleared to land in weather which produces low visibility, from July 1. The updated equipment is being installed at the expense of airlines, and estimates say it will cost more than $638 million in total, IATA said in its annual review. "While we expect minimal operational impact, we continue to work with our supplier to see that every Delta aircraft is equipped with updated radio altimeters."
Persons: Pete Buttigieg, Buttigieg, Biden Organizations: WSJ . Telecom, Street, Airlines, International Air Transport Association, Reuters, Delta Air Lines, Airbus, Delta, JetBlue
Global airlines grasp at the 100% recovery
  + stars: | 2023-06-21 | by ( Thomas Shum | ) www.reuters.com   time to read: +4 min
HONG KONG, June 21 (Reuters Breakingviews) - Global airlines are setting drawn out timelines to a full recovery. Some carriers, particularly in Asia, think they will only fly at or over pre-pandemic capacity levels in 2024 or later. Airlines didn’t rehire quickly enough to support the sudden recovery in demand and are now overpromising and underdelivering. Asian hub carriers like $16.5 billion Singapore Airlines (SIAL.SI) are particularly strained. Singapore Airlines, for example, posted a record net profit of S$2.2 billion ($1.6 billion) for the financial year ended March.
Persons: Britain’s, Una Galani, Pranav Kiran Organizations: Reuters, Qantas Airways, International Air Transport Association, Singapore Airlines, Boeing, Air, Peers, Cathay, HK, Deutsche Lufthansa, Reuters Graphics Reuters, Twitter, IndiGo, Airbus, Air India, Thomson Locations: HONG KONG, Asia, Europe, China, Ukraine, Africa, South America, Air India
The world’s most eco-conscious airlines
  + stars: | 2023-06-16 | by ( Elissa Garay | ) edition.cnn.com   time to read: +12 min
CNN —Most sustainability experts will scoff at the idea of “sustainable” and “airlines” in the same sentence. In 2022, an Airbus wide-body Beluga XL transport aircraft was filled with Sustainable Aviation Fuel" (SAF) for the first time. WiderøeNorway-based Widerøe, the largest regional airline in Scandinavia, says it is on track to become one of the world’s first fully emissions-free airlines. Alaska AirlinesAlaska Airlines has invested heavily in Sustainable Aviation Fuels (SAF). AaronP/Bauer-Griffin/GC Images/Getty ImagesWhile most major global airlines are targeting 2050 for net-zero carbon emissions, Alaska Airlines intends to meet that target as soon as 2040.
Persons: , Pedro Piris, Sola Zheng, Sina Schuldt, Nicolas Jammes, ” Akbar Al Baker, , Zheng, , that’s, it’s, Beata Zawrzel, Fabrizio Gandolfo, Nicolas Economou, Bauer, Griffin, It’s Organizations: CNN, Environmental Defense Fund, International Council, Clean Transportation, Commercial, International Air Transport Association, UN, Airbus, Beluga XL, Sustainable Aviation, Qatar Airways, SAF, European Union, Google, Environmental Defense, Airlines, United Airlines United, Aerospace, United, Flight Fund, Widerøe Norway, Widerøe, Royce, SAS SAS, Scandinavian, SAS, Wizz, Wizz Air, Etihad Airways Etihad, Getty, Etihad Airways, United Arab Emirates, Boeing, Etihad, Alaska Airlines Alaska Airlines, Aviation Fuels, AaronP, Alaska Airlines, Air Canada Canadian, Air Canada Locations: Europe, Denmark, Sweden, ICCT, Scandinavia, Norway, Canada
Air India, which is revamping itself under new owner Tata Group, has been rapidly growing its international presence with new non-stop flights to Europe and the United States. Being able to use Russian airspace has come as a boon as it looks to capture a bigger share of the market. IATA Director General Willie Walsh called for an opening up of Russian airspace. "What we would like to see is everybody using Russian airspace. But airlines that can are unlikely to stop using Russian airspace after this diversion, said James Halstead, managing partner at Aviation Strategy.
Persons: Stringer, Campbell Wilson, Wilson, Scott Kirby, Kirby, Willie Walsh, Walsh, James Halstead, Vinod Kannan, India's, it's, Air India's Wilson, I'm, Aditi Shah, Mark Potter Organizations: REUTERS, United Airlines, Air, Air India, International Air Transport, Tata Group, Reuters, Airlines, Aviation, Singapore Airlines, Thomson Locations: Sheremetyevo, Russia, Ukraine, Moscow, Stringer ISTANBUL, U.S, India, Europe, Asia, Brussels, Air India, Istanbul, Air, United States, Russia's Far
ISTANBUL, June 6 (Reuters) - Global airlines called on Tuesday for broad co-operation to reach "very tough" emission targets and pledged to release interim climate targets next year as the industry aims for a goal of net-zero by 2050. Airlines are relying for 62% of their emissions reduction target on the fuel, which is currently between two to four times more expensive than kerosene. Walsh said airlines were not afraid to confront the fact that their share of total emissions will rise as other industries with fewer technological hurdles decarbonise. "Different parts of the world are moving at different paces and for us, representing global airlines, we've got to factor all of that into account." One thing airlines agreed on was frustration at aircraft delays, which have disrupted their schedules, with CEOs asking IATA to lobby planemakers.
Persons: Willie Walsh, Walsh, Jo Dardenne, Tim Clark, Clark, we've, Joanna Plucinska, Tim Hepher, Andrew Heavens, Sriraj Kalluvila, Alexander Smith Organizations: Aviation, International Air Transport Association, Sustainable Aviation Fuel, SAF, Transport, Environment, Dubai's Emirates, Reuters, Thomson Locations: ISTANBUL, Istanbul, planemakers, United States, Dubai
ISTANBUL, June 6 (Reuters) - An Air India plane flying from Delhi to San Francisco was forced to divert and land at an airport in Russia's Far East after it developed a technical issue with one of its engines, the airline said on Tuesday. The 216 passengers and 16 crew onboard were being offered support on the ground and accommodated in local hotels for the night, Air India said. Air India said it could not share any passenger details. GE Aerospace said it was aware of the diversion and working with Air India to resolve the issue. However, Air India and some Gulf-based, Chinese and African carriers continue to fly over Russia, making flying times shorter and American rivals uncompetitive.
Persons: Rosaviatsia, Campbell Wilson, Biden, Aditi Shah, Tim Hepher, Joanna Plucinska, David Shepardson, Valerie Insinna, Alexnader Marrow, Gleb Stolyarov, Josephine Mason, Emelia Sithole, David Evans, Mark Potter Organizations: An, Boeing, United Airlines, Air, General Electric, Union, Norwegian Air Boeing, Washington, GE, U.S . Treasury, U.S . Department of Commerce, GE Aerospace, International Air Transport Association, Reuters, Thomson Locations: ISTANBUL, An Air India, Delhi, San Francisco, Russia's Far, Russia, Air India, Magadan, Okhotsk, Iran, Shiraz, India, Washington, United States, Moscow, Ukraine, American, U.S
But Main Street isn’t listening. New data from TD Ameritrade shows that retail investors shrugged off US debt ceiling uncertainty and recessionary fears last month as they increased their exposure to markets. That index aggregates Main Street investor positions and activity to measure how they’re positioned in the market. Retail investors also piled out of AI and tech stocks as the sectors surged in May, opting instead to put their money into riskier bets. But these trades are risky and while an institutional investor might lose their job for making a big mistake, a Main Street trader could lose their shirt.
Persons: New York CNN — “, recessionary, Dow, they’ve, Alex Coffey, Ameritrade, , , Coffey, Binance, Changpeng Zhao, Zhao, Gary Gensler, Hanna Ziady, Willie Walsh, ” Walsh, Walsh Organizations: CNN Business, Bell, New York CNN, Federal Reserve, First Republic Bank, Nasdaq, Research, CNN, PayPal, Disney, Coffey Retail, US Securities and Exchange Commission, SEC, Global, International Air Transport Association, Airlines Locations: New York, USA, bro
ISTANBUL, June 5 (Reuters) - The United States is in a "business recession" but the consumer is "strong", Scott Kirby, chief executive of United Airlines (UAL.O), the world's largest carrier, told reporters at an aviation conference in Istanbul on Monday. Business demand hasn't fully recovered yet ... that's taking more time," he said. I think actually, in the U.S., we're in a business recession, and the consumer is just fine, the consumer is strong." The chief of the world's biggest airline also raised concerns over competing carriers flying over Russia. However, newly approved flights for Chinese airlines are avoiding flying over Russian airspace to and from the United States, Reuters reported on June 1.
Persons: Scott Kirby, Kirby, We're, Aditi Shah, Jason Neely Organizations: United Airlines, International Air Transport Association, world's, U.S, Air, Reuters, Thomson Locations: ISTANBUL, United States, Istanbul, U.S, Russia, Washington, Moscow, Ukraine, India, Air India
Vaping helps fuel huge rise in bad behavior on planes
  + stars: | 2023-06-05 | by ( Maureen O'Hare | ) edition.cnn.com   time to read: +3 min
CNN —There was the hope that when mask mandates on planes ended and people got used to traveling again, airplane passenger behavior might improve. Unruly passenger incidents were more than a third higher in 2022 than in 2021, a new global analysis by the International Air Transport Association (IATA) has revealed. Incidents of physical abuse remain thankfully rare but had a worryingly huge increase of 61% in 2022 over 2021. Zero tolerance“The increasing trend of unruly passenger incidents is worrying. IATA also wants to increase guidance, training and sharing of best practice when it comes to preventing and de-escalating incidents.
Persons: , Conrad Clifford, Said Clifford, , Clifford Organizations: CNN, International Air Transport Association, US Federal Aviation Administration Locations: Paris, Canada, Montreal
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