Air Freight News
United Airlines sees stronger profit, unveils $1.5 billion share buyback program
United Airlines forecast a stronger-than-expected profit in the current quarter on Tuesday, after third-quarter earnings topped Wall Street expectations on improved pricing power.
Boeing lines up $35 billion in funds as strike hammers finances
Boeing set out to shore up its sagging finances on Tuesday, announcing plans to raise up to $25 billion through stock and debt offerings and…
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US judge orders Boeing, DOJ to detail diversity policy before deciding on plea
A federal judge on Tuesday ordered Boeing and the U.S. Justice Department to detail the impact of diversity and inclusion policies on the selection of…
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Canada labour minister proposes new mediator for Montreal port workers strike
Canada's Labour Minister Steve MacKinnon on Tuesday proposed the appointment of a special mediator for a 90-day period for Montreal port workers strike.
Wisk Aero partners with Airservices Australia as it readies air taxi launch
Boeing-owned Wisk Aero said on Tuesday it has partnered with government agency Airservices Australia to study how air taxis and other autonomous aircraft can be…
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Oil steadies after sharp falls as Middle East uncertainty persists
Oil rose in early Asian trade on Wednesday on continued uncertainty over conflict in the Middle East, after falling as much as $5 this week…
Fuel tanker explodes in Nigeria, killing at least 94 people
A fuel tanker crashed and exploded in Jigawa state in northern Nigeria late on Tuesday after the driver lost control of the vehicle, leaving at…
China-led regional group calls for countering protectionist policies, sanctions
A China-led 10-state regional group criticised what it called protectionist trade measures on Wednesday, part of an intensifying standoff between Beijing and Western countries over…
Fire at Venezuela oil terminal that started Tuesday almost extinguished
A huge fire that erupted on Tuesday at an oil tank in Venezuela's La Salina terminal operated by state company PDVSA is almost completely extinguished,…
All flights into Europe must avoid Russia for fair competition, Lufthansa says
Europe needs to ensure that airlines flying into the continent avoid Russian airspace to provide a level playing field in the industry, German airline group…