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☆ Canadian pilots eye higher-paid U.S. cockpits amid staffing shortages
▼ + stars: | 2023-09-05 | by ( Allison Lampert | ) www.reuters.com time to read: +3 min

Some 147 Canadian pilots applied for licenses to fly commercial jets in the United States in 2022, up from 39 in 2021, according to Federal Aviation Administration (FAA) data. High travel demand in the United States, where pilots are securing historic wage increases, isattracting foreign aviators, despite delays and high costs of immigrating, according to lawyers, unions and pilots. While small, the increase in U.S. applications is worrisome for regional Canadian carriers, which like their U.S. counterparts, are wrestling with staffing shortages as they lose pilots to larger airlines, industry experts say. It could also put pressure on Air Canada (AC.TO) during negotiations with its pilots, whose contract expires on September 29. Air Canada pilots earned more before 2013.

Persons: F, Andrew Kelly, John Gradek, Mark Taylor, Taylor, Sunwing, Attorney Jean, Francois Harvey, he's, Gradek, John McKenna, Allison Lampert, Andy Sullivan Organizations: Kennedy International Airport, REUTERS, Rights, Federal Aviation Administration, FAA, Air Canada, McGill University, Sunwing Airlines, WestJet Airlines, Air, Air Line Pilots Association, United Airlines, Air Transport Association of Canada, Thomson Locations: Queens , New York City, U.S, United States, Canada, Calgary, Montreal, Canada's, Attorney, Air Canada

☆ Dutch government presses ahead with Schiphol flight cap as airlines protest
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

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 private plane pilot just lashed out at abusive customers, saying flight attendants are there for 'safety' and not to be a 'server'
▼ + stars: | 2023-08-25 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

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

☆ US airline pilots fight their unions to increase retirement age
▼ + stars: | 2023-08-22 | by ( Rajesh Kumar Singh | Allison Lampert | ) www.reuters.com time to read: +7 min

Increasing the age limit by two years would also align pilot retirement with the minimum federal retirement age, allowing them to receive full social security benefits. But the specific question of increasing the retirement age to 67 was never brought to the floor for a vote. “This is a coup by junior pilots against senior pilots,” said Allen Baker, who retired as a United Airlines pilot in June. Dennis Tajer, a spokesman for American Airlines pilots union, said pilots seeking higher retirement age want to keep earning longer. But United Airlines CEO Scott Kirby has said lifting the retirement age would not solve the pilot shortage.

Persons: Bo Ellis, F, Andrew Kelly ALPA, Ellis, ALPA, ”, “, ” ALPA, Rick Redfern, Savanthi Syth, Raymond James ., Dan Carr, Carr, Allen Baker, Baker, Dennis Tajer, Jason Ambrosi, Barry Biffle, Scott Kirby, Jonathan Ornstein Organizations: Reuters, Air Line Pilots Association, Kennedy International Airport, REUTERS, U.S . Congress, Regional Airline Association, Southwest Airlines, Air, Mesa, MESA, United Airlines, United, U.S . Senate, Raymond James . JUNIOR, American Airlines, Frontier Airlines, International Air Transport Association Locations: Queens , New York City, U.S, Delta, United, Redfern, Canada, Japan, Australia, Mesa

Increasing the age limit by two years would also align pilot retirement with the minimum federal retirement age, allowing them to receive full social security benefits. But the specific question of increasing the retirement age to 67 was never brought to the floor for a vote. "This is a coup by junior pilots against senior pilots," said Allen Baker, who retired as a United Airlines pilot in June. Dennis Tajer, a spokesman for American Airlines pilots union, said pilots seeking higher retirement age want to keep earning longer. But United Airlines CEO Scott Kirby has said lifting the retirement age would not solve the pilot shortage.

Persons: F, Andrew Kelly, Bo Ellis, ALPA, Ellis, Rick Redfern, Savanthi Syth, Raymond James ., Dan Carr, Carr, Allen Baker, Baker, Dennis Tajer, Jason Ambrosi, Barry Biffle, Scott Kirby, Jonathan Ornstein, Rajesh Kumar Singh, Allison Lampert, Ben Klayman, Grant McCool Organizations: Pilots, Kennedy International Airport, REUTERS, Air Line Pilots Association, U.S . Congress, Regional Airline Association, Southwest Airlines, Reuters, Mesa, MESA, United Airlines, United, U.S . Senate, Raymond James . JUNIOR, American Airlines, Frontier Airlines, International Air Transport Association, Thomson Locations: Queens , New York City, U.S, Redfern, Canada, Japan, Australia, Chicago, Montreal

REUTERS/John Sommers II/File Photo Acquire Licensing RightsAug 18 (Reuters) - Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight rates as the freight boom makes a hard landing. Passenger jets grounded during the health crisis are flying again and bringing their lower-deck cargo space, which competes with dedicated air freighters, back into play. The Florida-based carrier cited "the unyielding and rapidly mounting macro-economic headwinds that plagued the entire air cargo transportation sector starting in late 2022". In June, air cargo experienced the slowest contraction since February 2022, the International Air Transport Association said.

Persons: John Sommers, Xeneta, they're, Peter Sand, we're, Sand, planemakers, Eddy Pieniazek, expective, Pieniazek, Robert, Tim Hepher, Lisa Bartlein, Allison Lampert, Valerie Insinna, Barbara Lewis Organizations: Parcel Service, UPS, REUTERS, Air, Reuters, Western Global Airlines, Japan Airlines, Xeneta, International Air Transport Association, Ishka, Cathay, HK, Boeing, Airbus, Aeronautical Engineers, Thomson Locations: Louisville , Kentucky, Delaware, Florida, China, Asia, United States, Miami

☆ Foreign tourism to Portugal registers best-ever first half
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

LISBON, Aug 14 (Reuters) - The number of foreign tourists visiting Portugal surpassed eight million in January-June, making it the best first half on record, official data showed on Monday. Tourism, a key driver of Portugal's economy, accounted for almost 15% of gross domestic product before the pandemic. Visitors from Britain made up the largest share of total arrivals in the first half, with over one million visitors, closely followed by the Spanish and U.S. markets. In June, the United States, which has significantly grown as a source of tourism to Portugal, represented the second-largest group of foreign visitors. ($1 = 0.9142 euros)Reporting by Patrícia Vicente Rua; Editing by Andrei Khalip and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Patrícia Vicente Rua, Andrei Khalip, Bernadette Baum Organizations: National Statistics Institute, Spanish, International Air Transport Association, Thomson Locations: LISBON, Portugal, Britain, U.S, United States, Southern Europe

International travel reached around 90% of pre-pandemic levels this year, according to the International Air Transport Association. Those trends lifted quarterly earnings of travel companies, with cruise operators like Royal Caribbean (RCL.N) reporting record results in recent weeks. Ticket prices, which in some cases have increased by double-digit percentages since the pandemic, are unlikely to plummet. She expects air fares on long-haul international routes to remain high until supply outpaces pre-pandemic levels, demand normalizes and jet fuel prices decline further. International inbound vs outbound in the U.S this yearAverage domestic airfare is currently $246 round-trip, down 8% from 2022, according to travel booking app Hopper.

Persons: Dan McKone, Amadeus, Jozsef Varadi, Hayley Berg, Hopper, that's, Glenn Fogel, Kathleen Oberg, Joanna Plucinska, Rajesh Kumar Singh, Doyinsola, David Gaffen, Matthew Lewis Organizations: International Air Transport Association, Consulting, Royal, Booking Holdings, Marriott, Lufthansa LHAG.DE, United Airlines, Wizz, Reuters, Holdings, International, U.S . National Travel, Tourism Office, British Airways, IAG, Thomson Locations: CHICAGO, Southern Europe, Britain, France, United States, Germany, Singapore, Royal Caribbean, Manila, Hong Kong, Taipei, Tokyo, Europe, Asia, COVID, U.S, Canada, London, Chicago, New York, Bengaluru

☆ Airline ticket prices are 'pretty much where they need to be,' IATA says
▼ + stars: | 2023-08-03 | by ( ) www.cnbc.com time to read: 1 min

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

☆ Exclusive: Airbus weighs separate boss for planemaking arm - sources
▼ + stars: | 2023-07-24 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

[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

☆ Europe’s largest airline just sounded the alarm on travel demand
▼ + stars: | 2023-07-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The travel industry has defied a global economic slowdown, enjoying record bookings and profits as pent-up demand following the pandemic fueled spending on air tickets and hotels. Ryanair (RYAAY), Europe’s largest airline by passenger numbers, warned Monday that high inflation and rising interest rates could dent appetite for air travel in the second half of the year. The airline now expects to carry 183.5 million passengers in the 12 months ending in March 2024. The Dublin-based airline — which on Friday announced plans to return to Ukraine within weeks of the war ending — forecast “modest” profit growth for the full year. The latest figure marks a significant turnaround for the aviation industry, which suffered net losses of $183 billion between 2020 and 2022 as pandemic lockdowns hit travel.

Persons: “ We’re, Michael O’Leary, ”, Jet2, O’Leary, — Organizations: London CNN, Ryanair, EasyJet, Boeing, International Air Transport Association Locations: Europe’s, Ukraine, Dublin

☆ Travel news: US airline staffing at ‘highest level’ in decades – so why the flight delays?
▼ + stars: | 2023-07-22 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

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

☆ Pilots don't want to be promoted to captains anymore, and it's becoming a huge problem for airlines
▼ + stars: | 2023-07-21 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Despite the lure of a bigger paycheck, multiple United Airlines pilots, analysts, and union officials told Reuters in a report published July 19 that pilots were shunning captaincies due to unpredictable flying schedules. And United Airlines is not alone in facing this problem. Over 7,000 pilots declined to take up captaincies at American Airlines, Reuters reported citing data from the airline's union. The number of pilots declining promotions had doubled in the past seven years, Dennis Tajer, a spokesperson for the American Airlines pilot union, told the news outlet. United Airlines, American Airlines, and their respective pilot unions did not immediately respond to Insider's requests for comment.

Persons: Phil Anderson, would've, Scott Kirby, Dennis Tajer Organizations: Reuters, Pilots, United Airlines, United, Airlines, American Airlines, International Air Transport

☆ Train fares are up to 30 times more expensive than planes in Europe
▼ + stars: | 2023-07-20 | by ( Julia Buckley | ) edition.cnn.com time to read: +5 min

CNN —As Europe swelters in a heat wave, and the climate crisis accelerates, many travelers are looking towards trains rather than polluting planes. According to a new report, taking a long-distance train in Europe can cost nearly 30 times as much as flying. The report, compiled by environmental campaign group Greenpeace, compared the cost of flight and train tickets on 112 European routes on nine different dates. Train tickets were double the cost of flying, on average, while train journeys from the UK to Europe, which involves taking the often-expensive Eurostar to the continent, were four times the price of flying on average. “Governments must remove airlines’ tax exemptions, such as from fuel taxes and VAT, as well as reduce rail tracks tolls.

Persons: Matteo Mirolo, Lorelei Limousin, ” Victor Thévenet Organizations: CNN, Greenpeace, Eurostar, Ryanair, European Environment Agency, Airlines, Transport, Environment, Transport & Environment, “ Airlines, International Air Transport Association Locations: Europe, Spain, London, Barcelona, Belgium, France, Italy, Edinburgh, EU, Greece

☆ Sustainable Aviation Fuel Leader Talks Green Premiums and Impact of Tax Incentives
▼ + stars: | 2023-07-19 | by ( Dieter Holger | ) www.wsj.com time to read: +11 min

Many airlines, corporate fliers and governments see so-called sustainable aviation fuel, or SAF, as a way to reduce aviation’s contribution to global warming. It recently converted an oil refinery in California and is expanding its refineries in Singapore and Rotterdam. We worked on a former fossil-fuel refinery and converted that into a renewable refinery. The carbon footprint of aviation can be affected today from today’s SAF technology. It will continue to incentivize current SAF production, but it will be difficult to be the impetus for future production.

Persons: P, Chris Cooper, We’ve, we’ve, Neste, Dieter Holger Organizations: Aviation, International Energy Agency, International Council, Clean Transportation, SAF, Sustainable, Neste’s U.S, Airlines, International Air Transport Association, Neste, Bloomberg New Energy Finance Summit, Dallas Fort Worth International Airport, DHL, Amazon, Marathon Petroleum, Sustainable Business, today’s SAF, Air, dieter.holger Locations: California, Singapore, Rotterdam, U.S, Neste U.S, San Francisco, Dallas, City, Oakland, Air Canada, Alaska, American, Delta, Los Angeles, San Jose, Washington, York, New York, New Jersey, . Oregon

☆ 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

☆ Passengers should gear up for flight delays and cancellations this summer as airlines scramble to upgrade their systems to combat 5G interference, Pete Buttigieg says
▼ + stars: | 2023-06-26 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

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

☆ Premarket stocks: Main Street traders are taking big risks. They might not pay off
▼ + stars: | 2023-06-06 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

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

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