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CNN —Russia’s leading aircraft manufacturer says it’s completed a successful test flight of a new widebody passenger airplane that it claims could replace Western aircraft in the country’s skies. UAC, which oversees Russian aviation brands including Tupolev, Ilyushin and Sukhoi, said the plane will be capable of carrying up to 370 passengers, a capacity that would put it alongside the likes of Airbus’ A340 or Boeing’s 777. As of 2022, only 144 active Russian airline planes were built in Russia, according to data provided by aviation analytics firm Cirium. “Although Moscow won’t admit it, the sanctions that followed the Ukraine invasion have really damaged Russian aviation,” Murdo Morrison, head of strategic content at FlightGlobal, tells CNN. Addressing concerns, Russia’s Ministry of Transport said at the time that flight safety on Russia-operated aircraft meets international standards.
Persons: CNN —, it’s, , Denis Manturov, Vladimir Putin, Murdo Morrison, , Yuri Slyusar, FlightGlobal’s Morrison Organizations: CNN, CNN — Russia’s, United Aircraft Corporation, UAC, Russian, Tupolev, Sukhoi, Airbus, Russia, Boeing, Bombardier, Embraer, Moscow, , Ural Airlines, International Civil Aviation Organization, Russia’s Ministry of Transport Locations: Ukraine, Russia, , Russia’s Novosibirsk, Bhutan, Congo, Liberia, Moscow
Taco Bell parent Yum Brands tops same-store sales estimates
  + stars: | 2023-11-01 | by ( ) www.reuters.com   time to read: +2 min
A Taco Bell order and drinks sit inside the first digital-only U.S. location at Times Square in New York City, U.S., April 14, 2021. Yum Brands has banked on aggressive promotions and limited-time offers across its brands to attract customers. Global same-store sales at Taco Bell restaurants rose 8% in the quarter, above estimates of an increase of 6.49%, while KFC posted an increase of 6%, compared with estimates of 5.39%. Total same-store sales at Yum Brands rose 6% in quarter, beating analysts' estimates of a 4.73% increase. On an adjusted basis, Yum Brands earned $1.44 per share, beating estimates of $1.28.
Persons: Shannon Stapleton, Taco, Taco Bell, Deborah Sophia, Shounak Dasgupta Organizations: Bell, REUTERS, Yum Brands, Taco Bell, KFC, Thomson Locations: New York City, U.S, Taco, United States, Bengaluru
Investors' knee-jerk reaction to those comments sent the under-pressure S&P 500 restaurants index (.SPLRCREST) down 1.3% at the time. THE FUNDAMENTALS** On Thursday, Chipotle is expected to report a 4.5% increase in Q3 same-store sales, according to LSEG data, slower both on a year-over-year and a sequential basis. Profit likely rose about 18%. WALL STREET SENTIMENT** The S&P 500 restaurant sub-index (.SPLRCREST) has risen just 0.4% year-to-date, lagging a more than 10% jump in the benchmark S&P 500 (.SPX). Growth in top restaurant stocks has broadly lagged the benchmark S&P 500 indexReporting by Deborah Sophia in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Peter Saleh, Taco Bell, Wells, Chipotle, Deborah Sophia, Savio D'Souza Organizations: REUTERS, KFC, Yum Brands, Walmart, Conagra, Taco, WALL, Thomson Locations: New York, McDonald's, Wells Fargo, Bengaluru
Databricks has agreed to acquire Arcion, an enterprise data company, for about $100 million, including incentives, CEO Ali Ghodsi told CNBC ahead of an official Monday announcement. The acquisition comes after Databricks announced a $500 million funding round in September at a valuation of $43 billion. Arcion is Databricks' first acquisition since acquiring MosaicML, an AI infrastructure startup specializing in training large language models, for $1.3 billion. It's part of Databricks' AI push, and partly inspired by the tech sector's growing interest in generative AI, which can require a lot of training data. "We think we can make a lot of revenue on this particular acquisition," Ghodsi said.
Persons: Ali Ghodsi, Databricks, Ghodsi, we're, Rajkumar Sen, Miryana Organizations: Databricks Inc, Bloomberg Technology, CNBC, Oracle, Arcion's Locations: San Francisco
Airbnb CEO Brian Chesky thinks hosts on his platform should lower their prices. "We want prices to move and to be more competitive vis-à-vis a hotels—that is really important," said Chesky. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementAirbnb CEO Brian Chesky has a message for hosts on his platform: lower your prices.
Persons: Brian Chesky, , Chesky, Jamie Lane, AirDNA Organizations: Service, Bloomberg, Airbnb
Total diesel exports for the first eight months of the year are up 197.2% versus the same period in 2022. Gasoline exports were up 23.7% to 1.38 million tons from 1.12 million tons in August last year. Jet fuel exports were 1.55 million tons, up 98.1% from 780,000 tons a year earlier. China's surging fuel exports have coincided with monthly refinery throughput rising to a record 15.23 million bpd in August. (This story has been corrected to say that domestic flight levels are around 17% above pre-pandemic levels, not 17% of pre-pandemic levels, in paragraph 7)Reporting by Andrew Hayley; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
Persons: Stringer, refiners, Andrew Hayley, Christian Schmollinger Organizations: Dalian Airlines, REUTERS, Administration, Customs, Total, Domestic, Jet, Citi, Thomson Locations: Hohhot, Inner Mongolia, China, BEIJING
The United Kingdom's air traffic control systems have grounded thousands of flights on one of the busiest travel days of the year. LONDON — A technical glitch which has caused hundreds of U.K. flights to be disrupted could take "days" to fix, causing chaos for passengers during the busy summer travel period. Hundreds of flights were delayed and canceled Monday after a systems failure at the U.K.'s air traffic control services left operators unable to automatically process flight plans. Britain's National Air Traffic Service said several hours later that it had resolved the issue, but warned that it would take time for normal flight schedules to resume. The issue comes during the U.K.'s busy public holiday travel period, with many people returning from summer vacations.
Persons: Juliet Kennedy, Kennedy, Mark Harper, Harper Organizations: LONDON, Air Traffic Service, London's, London Gatwick, BBC Radio, Civil Aviation Authority Locations: Heathrow, Manchester
Flights in and out of Britain will be disrupted for days, the U.K. government said on Tuesday, after a technical issue with the country’s air traffic control system left thousands of passengers stranded abroad or facing severe delays. Around 150 flights departing Britain and 130 arriving were canceled on Tuesday, about 5 percent of the total scheduled, according to Cirium, an aviation analytics company, compounding travel woes for British holidaymakers after more than a thousand flights were canceled the day before. “The timing was not at all helpful for people,” Mark Harper, the government minister responsible for transport policy, told the BBC on Tuesday morning. “It’s disrupted thousands of people. Lots of flights were canceled yesterday because of the imperative to keep the system working safely, and it is going to take some days to get completely everybody back to where they should be.”
Persons: ” Mark Harper, “ It’s, Organizations: BBC Locations: Britain
More than 1,500 flights were cancelled on Monday - a public holiday in parts of Britain, and one of the busiest travel days as the school holidays draw to close - when air traffic controllers were forced to switch to manual systems due to a technical problem. Ryanair, Europe's biggest airline, would be operating a normal schedule by Wednesday, said boss Michael O'Leary, as he criticised how Britain's National Air Traffic Services (NATS) had handled the situation. Harper chaired a meeting on Tuesday with NATS, the Civil Aviation Authority (CAA), airlines, airports, trade bodies and Border Force. EasyJet (EZJ.L) said that the knock-on impact meant some flights were cancelled on Tuesday morning. Heathrow Airport, Britain's busiest hub, told passengers to contact their airline before travelling to the airport on Tuesday.
Persons: Maria Ball, Charles De Gaulle, Mark Harper, Michael O'Leary, haven't, O'Leary, Raphael Satter, Rishi Sunak, Sunak, Harper, NATS, Cirium, Sarah Young, Padraic Halpin, Farouq Suleiman, Kate Holton, Alistair Smout, Alison Williams, Mike Harrison Organizations: British, Ryanair, Europe's, Air Traffic Services, REUTERS, Civil Aviation Authority, CAA, Border Force, Aviation, British Airways, Heathrow, Thomson Locations: Europe, Britain, Liverpool, England, Paris, Edinburgh, London, Stansted, NATS
CNN —Travelers have been warned that the chaos brought about by a UK air traffic control failure earlier this week will continue for days. After waiting at the airport for an update, Palladino, who lives in the UK, was informed that the flight was canceled. “Due to yesterday’s technical issues suffered by UK Air Traffic Control, there may be some continuing disruption on some routes, including flight cancellations,” reads a statement from London’s Heathrow Airport on Tuesday. Passengers are however advised to check the status of their flight with the airline before travelling to the airport. “Our priority is always to ensure that every flight in the UK remains safe and we are sincerely sorry for the disruption this is causing.
Persons: Mark Harper, ” Harper, NATS, Rosa Palladino, Palladino, , Lee Vanstone, Organizations: CNN — Travelers, Transport, BBC, Air Traffic Services, CNN Travel, Gatwick Airport, Pisa Airport, UK Air Traffic Control, Gatwick, Gatwick LGW, British Airways Locations: Naples, Italy, Pisa
Paula Rodriguez is currently living that nightmare, after her dog, Maia, was lost by airport staff who were bringing her to her Delta flight at Atlanta airport – the busiest in the world. Rodriguez was flying from her home in the Dominican Republic for a two-week vacation in California with her six-year-old dog, Maia, on August 18. “They called a Delta agent, who took Maia from me,” Rodriguez told CNN. When we’d got there [to Atlanta] she’d puked with distress and had diarrhea. “I called Delta, Atlanta airport, even San Francisco.
Persons: CNN —, Paula Rodriguez, Maia, Rodriguez, “ didn’t, , ” Rodriguez, she’d, we’d, , Paula Rodriguez Rodriguez’s, , ‘ Let’s, ’ ”, Maia wasn’t, panicking, ‘ I’m, , Maia didn’t, Maia Hartsfield, Jeff Greenberg, Santo Domingo, “ I’ve, Rodriguez isn’t, Rodriguez’s, “ They’re, Jackson, they’d, we’re, Atlanta . Gale Organizations: CNN, Flying Delta Air Lines, Hartsfield, Jackson Atlanta International Airport, Atlanta, Passengers, Punta Cana, Jackson Atlanta International, Universal, Getty, Santo, Delta, , ” Hartsfield, City of Atlanta Department of Aviation, Atlanta ., American Staffordshire, Pilots Locations: Atlanta, Dominican Republic, California, San Francisco, Punta Cana, Santo Domingo, Punta, Francisco, United States, American
In contrast, others have more traffic congestion and delays than before the pandemic, according to the Global Traffic Scorecard report by INRIX, a transportation analytics company, released earlier this year. Nationally, drivers spent 4.8 billion hours in congestion, which is still short of 2019's 6 billion lost hours. Of the cities ranked Chicago and Miami now have more traffic congestion and delays than they did pre-Covid, while Boston, New York, and Los Angeles have yet to catch up. When you're in the moment congestion might seem bad, but Pishue says it's a sign of a good economy. Traffic is a problem, but it's reflective of people going to the office, running errands, shopping, visiting relatives, which are all good things."
Persons: INRIX, Bob Pishue, Pishue Organizations: CNBC, Chicago Locations: States, Miami, Boston , New York, Los Angeles
New York CNN —The federal government is allowing airlines to continue to run reduced flight schedules to major airports serving New York City and Washington in hopes of curbing flight cancellations and reducing the burden on short-staffed air traffic controllers. The FAA says the slot waivers — initially set to expire on September 16 — have been extended another six weeks until October 28. The new extension follows pleas by United Airlines and the airline industry’s top lobby, Airlines for America. CNN has reached out to United Airlines and Airlines for America for comment. Airline staffing shortagesShortages extend beyond air traffic controllers, too.
Persons: Organizations: New, New York CNN, Federal Aviation Administration, Reagan National Airport, D.C, FAA, United Airlines, Airlines for, New York, CNN, United Airlines and Airlines for America Locations: New York, New York City, Washington, New, LaGuardia, JFK, Newark, Airlines for America, Newark , JFK
Boston Logan International Airport is currently under a ground stop due to thunderstorms, according to the Federal Aviation Administration. LaGuardia Airport in Queens was also under a ground stop due to thunderstorms, the FAA said. Weather conditions have also caused flight disruptions and a ground stop at New Jersey’s Newark Liberty International Airport, it said on Twitter. John F. Kennedy International Airport is also under a ground stop. A passenger walks past a Delta Airlines plane at a gate at Logan International Airport in Boston, Massachusetts, U.S., January 3, 2022.
Persons: , John F, Brian Snyder, It’s Organizations: CNN, Nationwide, Boston Logan International, Federal Aviation Administration, LaGuardia, FAA, Twitter, New Jersey’s Newark Liberty International Airport, Kennedy International, Delta Airlines, Logan International Airport, Newark, JFK, JetBlue, Sunday, United Airlines, Bureau of Transportation Statistics Locations: New York City, Boston, Queens, New, Newark, Boston , Massachusetts, U.S, New York
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
New York CNN —Hundreds of thousands of US airline customers were stranded this week as severe weather grounded planes and led to canceled flights. As of 8:30 am ET, FlightAware tracking service reported there were 687 flights canceled and another 1,200 delays. Although that’s better than the 2,200 canceled flights in each of the last two days, or the more than 16,000 delayed flights between Monday and Tuesday, it’s hardly a smooth-running operation. Staffing shortageThe US air travel system is unable to recover quickly from widespread weather problems, because it doesn’t have the bodies to deal with the disruptions. The airline canceled 461 flights this past Saturday and Sunday and delayed another 1,972 flights, according to data from flight tracking site FlightAware.
Persons: that’s, it’s, Ed Bastian, , Scott Kirby, Kirby, ” Kirby, United, , Paul Thacker, ” Thacker, “ ”, ” Michelle Maciel, Pete Muntean, Gregory Wallace Organizations: New, New York CNN, Federal Aviation, Airport, Transportation, Administration, FAA, Newark Airport, United, United Airlines, CNN, Newark Liberty International Airport, Association of Flight, DC, Greyhound Locations: New York, Boston, New York City, Madrid, United’s, Newark, Toronto, Denver, Portland Oregon
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
NEW DELHI/PARIS, June 20 (Reuters) - Record plane orders by India's top two carriers show the country's untapped potential for air travel and its rise as an aviation superpower, but recent airline failures and rows over regulations suggest progress may not be smooth. A day later, rival Air India firmed up an order for 470 Airbus and Boeing (BA.N) aircraft that, until Monday, had been the industry leading plane deal. LEASING CONCERNSBut while the opportunity in India is big, so are the risks, says Ameya Joshi, an independent aviation analyst. Leasing companies warn that restrictions on repossessing their assets in case of defaults will drive up costs for all Indian airlines - even for IndiGo and Air India. It will eventually help Indian airlines by lowering risk and moderating lease rental costs," said Joshi.
Persons: India's, Jyotiraditya Scindia, planemakers, Ameya Joshi, Joshi, Aditi Shah, Tim Hepher, Joanna Plucinska, Mark Potter Organizations: NEW, Paris, Airbus, Air India, Boeing, Air, CAPA India, planemakers, IndiGo, lessors, Thomson Locations: NEW DELHI, PARIS, Air India, India, New Delhi, outdoing U.S, Paris
An employee works at the Airbus A350 assembly site, in Colomiers near Toulouse, south-western France, on December 9, 2022. A lot has changed in the four years since one of the aviation industry's biggest air shows was held in person. The question is whether Boeing , Airbus and their numerous suppliers can catch up. Over the past year, Boeing has logged large orders or preliminary agreements from customers including United Airlines , Saudia and new Saudi carrier Riyadh Air. Air India's massive order earlier this year included both Boeing and Airbus jets.
Persons: , Andy Cronin, Stuart Hatcher, Hatcher Organizations: Airbus, Paris Air, Boeing, Aviation, United Airlines, Riyadh Air, Air, Turkish Airlines, Air Lines, Malaysia Airlines, Air France, KLM, Air Baltic Locations: Colomiers, Toulouse, France, Saudi, Riyadh
NEW DELHI, May 30 (Reuters) - India's aviation watchdog has put on hold requests from lessors to repossess planes from Go First, as the airline's bankruptcy process imposes a freeze on assets which supersedes such requests, the regulator said in a court filing seen by Reuters. Lessors of Go First have locked horns with Go First and India's Directorate General of Civil Aviation (DGCA) to reclaim its planes for missed payments, filing as many as 40 requests with the watchdog to allow repossession. Go First's lessors include Standard Chartered's Pembroke Aircraft Leasing, SMBC, CDB Aviation's GY Aviation Leasing and BOC Aviation. India has ratified the treaty but the DGCA argued there was no local legislation enforcing it, rendering it ineffective. The DGCA filing said local laws "prevail over provisions of any international treaty that India is a signatory to".
Illustration by Yukai Du Strikes, Delays and Lost Luggage: How to Survive Air Travel This Summer With the travel season in full swing, we compiled a guide to help you navigate the year’s most hectic time in the skies. If you don’t care which beach, shop around.” If you haven’t booked summer flights, do it now. For one, avoiding the airports with the highest levels of delays and cancellations last summer may be a good idea. They’re also getting longer inside airport lounges, longtime havens from the masses clogging the terminals at peak times. Standard membership in Priority Pass, a network of 1,300 airport lounges, starts at $99 a year, with each visit costing $35 at that level.
Persons: Yukai Du, we’ve, haven’t, Hopper, What’s, , Laura Lindsay, Ted Rossman, Priceline, Mr, Rossman, Charlotte Douglas, Toronto Pearson, it’s, , Carter Langston, Rhonda Lawson, C.B.P, you’ve, you’re, You’ll, Lawson, Emmanuel Macron, Tomasz Pawliszyn, Jamie Larounis, Larounis, they’re, SITA —, They’re, Eric Goldmann of Atlanta Organizations: Bureau of Labor Statistics, Google, Miami, JetBlue, Heathrow Airport, Amsterdam Schiphol, Gatwick, Air Canada, Labor, Newark Liberty International, La Guardia Airport, Kennedy Airport, Reagan, Miami International, Orlando International, Boston Logan International, Charlotte Douglas International, Toronto Pearson, Federal Aviation Administration, Washington , D.C, Customs, Western, Gulf, Phoenix, Transportation Security Administration, Global, Border Protection, Clear, PreCheck, Heathrow, Air, SNCF, U.S . State Department, Smart, Union, Travelers, New Tech, Airlines, Lufthansa, Siemens, Alaska Airlines, KLM, U.S . Bureau of Transportation Statistics, Apple, The Department of Transportation, American, Venture, Dallas Fort Worth International, JPMorgan Chase, Club, Chase Sapphire Reserve, Americas Locations: Europe, United States, Asia, San Francisco, Jacksonville, Fla, Miami, London, Amsterdam, U.S, La, New York, Washington, Charlotte, N.C, Newark, Orlando, Toronto, Sydney, Jakarta, Frankfurt, Munich, Heathrow, Washington ,, States, Denver, Seattle, Reno, Nev, Gulf Coast, Atlantic, Houston , New Orleans, Atlanta, Luton, T.S.A, , noncitizens, France, Britain, Italy, Germany, Berlin, Dutch, Swiss, Delta, United, Hong Kong, Dallas, Boston, North, Central, South America, Dallas , Newark
Indeed, restaurant prices have risen faster than grocery prices over the last year, according to data from the Department of Labor. To rank the grocers, Placer.ai measured the "visit share" each retailer received in April. "Visit share" is the percentage of total visits that a retailer received during a given time frame compared to the other retailers also being analyzed. Kroger, with its more than 1200 locations in 16 states, was the top visited supermarket chain in the country, capturing 9.1% of the visit share in April. These are the 10 most popular supermarket chains in the country.
CNN —This week in travel news: Crowns are handed out to pizza joints, bars and an English king. And we reveal why going on a hiking trip might be one of the best ways to find love. Award-winning bars and restaurantsDouble Chicken Please, a cocktail bar-slash-chicken joint on New York’s Lower East Side, took the No.1 spot in North America’s 50 Best Bars 2023. A newly published Italian list names the Best Pizza in Europe 2023, all outside the home country. King Charles gets his crownThis is what you can expect to see at King Charles III's coronation 04:04 - Source: CNNLondon airports were expected to greet more than 2 million arrivals this week, according to aviation analytics firm Cirium, as the country prepares for the coronation of King Charles III on Saturday.
May 2 (Reuters) - Restaurant Brands International Inc (QSR.TO) beat Wall Street estimates for first-quarter revenue and profit on Tuesday, boosted by higher prices and increased traffic at its Burger King and Tim Hortons chains. Restaurant Brands' Burger King chain has been able to attract younger customers to its restaurants through a newly released viral "Whopper Whopper" jingle. Restaurant Brands in February named its chief operating officer, Joshua Kobza, as CEO in a turnaround plan for its struggling Burger King brand. According to location analytics firm Placer.ai, Burger King saw positive week-over-week visit growth for the majority of weeks since January 2023. Excluding items, Restaurant Brands earned 75 cents per share, compared with estimates of 64 cents, according to Refinitiv IBES data.
ChatGPT, Generative AI, and LLMs for Litigators
  + stars: | 2023-05-01 | by ( ) www.reuters.com   time to read: +23 min
What are the basics litigators should know about how generative AI and LLMs work? Generative AI is a type of AI that generates new content or data in response to a prompt, or question, by a user. LLMs are an advanced form of generative AI that are the basis for generative pre-trained transformer (GPT) platforms, such as ChatGPT. What are the primary ethical pitfalls of using generative AI and LLMs, and how can litigators avoid them? What types of procedural and substantive issues are likely to arise in litigation stemming from the use of generative AI and LLMs?
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