IndiGo profit beats forecast as fuel cost drops, demand jumps
IndiGo, India’s biggest airline, reported a bigger-than-expected net profit for the first quarter through June as travel demand grew and fuel costs declined.
Russian drones hit Danube port key to Ukraine grain exports
Russian drones struck a Ukrainian port on the Danube River, driving global wheat and corn prices higher as Moscow continues its campaign to cripple Kyiv’s…
Jet service Volato to go public via SPAC with new funding
Aviation company Volato is going public via a blank-check transaction valuing the combined company at $261 million on an enterprise basis in a deal paired…
US-EU steel talks inch ahead as time for a deal runs short
The US and European Union are unlikely to finalize a legally binding agreement to govern trade in steel and aluminum this year, setting up a…
More Russian oil trades above G-7 price cap despite sanctions
Several of Russia’s refined oil products are trading above the price cap imposed by Group of Seven nations, in another sign that the value of…
Apollo leads deal to provide trucking firm Yellow with bankruptcy loan
Creditors led by Apollo Global Management Inc. are nearing a deal to provide Yellow Corp. with fresh cash during a coming bankruptcy, according to people…
US fashion brands urge early renewal of Africa trade program
US fashion companies urged the early renewal of a trade program that allows thousands of African products to enter the world’s biggest economy duty free,…
AirJapan to begin Tokyo-Bangkok flights in February with fares low as $109
ANA Holdings Inc.’s new economy-class brand AirJapan will start operating from Feb. 9 with flights between Tokyo Narita and Bangkok.
The FAA approves largest uncrewed aircraft system in the US
Electric aircraft startup Pyka is bringing its drone to the US for use as crop sprayers.
cargo-partner introduces new air freight consolidation services between Western Europe and Asia
The international transport and info-logistics provider has once again expanded its service portfolio with a range of new air freight solutions, consolidating shipments between key…
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