Aviation

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Atlantic Routes Give Lift To Airlines

 Airlines buffeted by higher fuel costs and labor pressures are getting a lift from trans-Atlantic flights.
 Strong economic growth in the U.S. and rebounding economies in Europe are helping fill planes. Airlines have been rapidly adding seats to satisfy this boom in demand.
 British Airways parent International Consolidated Airlines Group SA, known as IAG, posted a second-quarter rise in profit Friday. Sales on its trans-Atlantic routes helped offset costs

Pricier Fuel to Test Airline Profits

U.S. airlines are aiming to convince investors that surging fuel costs won't knock a record stretch of profitability off course.
 Some investors say airlines won't be able to raise prices fast enough to cover a roughly 55% increase in fuel costs from a year ago. The NYSE Arca Airline Index is down nearly 13% this year while the S&P 500 is up 3.2%. They expect carriers to commit to schedule cuts to address the rising costs when they report quarterly earnings this month. Delta Air Lines is the first to report, on Thursday.

Women's airline careers are stuck at low altitude

When the chief executive of Qatar Airways said this month that a woman could not do his job, industry leaders were quick to criticise. Akbar Al Baker was equally speedy in issuing his “heartfelt apologies” for a remark that has stirred up the gender debate in the aviation sector. Whether it is in the boardroomor the cockpit, the aviation industry trails on the issue of gender and diversity. Only 3 per cent of airline chief executives are women, according to a 2017 survey by industry journal Airline Business of the 100 biggest carriers by revenue. This compared with 7 per cent in the FTSE 100at the time of the study.

Budget Airlines Cruise Into Canada

TORONTO—Low-cost airlines, taking off around the globe, have been in a holding pattern in Canada.
 But thanks to a change in government regulations, a trio of upstarts is set to break into the country's air-travel market, in a move that could challenge the duopoly of the main Canadian operators, Air Canada and WestJet Airlines Ltd.