Supply chain pressure trending topic among companies amid Red Sea crisis during Q1 2024, finds GlobalData
The escalation of the “Red Sea Crisis” amid heightened geopolitical tensions between Israel and Hamas has sent ripples through global trade and operations...
AECOM takes home the win for Engineering Excellence
Last night at the American Council of Engineering Companies (ACEC) 58th Annual Engineering Excellence Awards, AECOM was honored with the coveted Grand Conceptor Award for…
China international air traffic builds on back of Visa tweaks
China’s international air passenger traffic recovered to over 80% of pre-Covid levels in April, reflecting efforts by Beijing to attract more overseas visitors to the…
Ryanair, Wizz Air face a bumpy summer: EMEA earnings week ahead
Ryanair Holdings Plc and Wizz Air Holdings Plc cap off an earnings season that has so far seen more than half of companies tracked by…
China processed less crude oil with apparent demand fall most
China processed a lower volume of crude in April as refiners shut operations to conduct planned seasonal maintenance.
Airfares can only keep rising due to supply chain problems
Passengers will see little respite from soaring air fares as carriers face a shortage of planes, labor and spare parts that will prevent them meeting…
Sugar drops to 18-month low on large production in top exporter
Sugar dropped to an 18-month low in New York as a productive start to the season in Brazil, the world’s top exporter, is fueling bets…
IMF knocks Biden’s China tariffs as risk to US, world growth
The International Monetary Fund criticized the Biden administration’s decision to aggressively raise tariffs on some Chinese goods, underscoring its warning that tensions between the world’s…
Azul CEO touts M&A as fix for Latin America’s troubled airlines
Consolidation would lower the cost of capital for Latin American airlines, resulting in better services for customers, according to Azul SA Chief Executive Officer John…
Spirit Aero to cut jobs after Boeing slows down 737 output
Spirit AeroSystems Holdings Inc. plans to lay off about 450 workers at its main campus in Wichita, Kansas, as it grapples with mounting losses and…
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