American Airlines Group Inc (AAL) said on Tuesday it expects second-quarter revenue to rise by about 12%, compared with its earlier forecast of 11%-13% jump, at a time the aviation industry has been facing headwinds including high oil prices, inflation and staff shortages.
Recent falls in commodity prices have encouraged expectations the U.S. central bank may be able to get inflation back under control without pushing the economy into a recession.
Recent falls in commodity prices have encouraged expectations the U.S. central bank may be able to get inflation back under control without pushing the economy into a recession.
- As Russia's military continues to pound Ukraine with missiles and other lethal weapons, Western nations have responded in part by targeting Russia's defense industry with sanctions.
The United States on Tuesday imposed sanctions on more than 100 targets and banned new imports of Russian gold, acting on commitments made by the Group of Seven leaders this week to further punish Russia over its invasion of Ukraine.
The United States on Tuesday imposed sanctions on more than 100 targets and banned new imports of Russian gold, acting on commitments made by the Group of Seven leaders this week to further punish Russia over its invasion of Ukraine.
Hitachi Energy a market and technology leader in transmission, distribution and grid automation solutions, and Petrofac, a leading international service provider to the energy industry, have entered into a collaboration to provide grid integration and associated infrastructure to support the rapidly growing offshore wind market.
Peru's truckers and some farm groups will go on strike on Monday after failing to reach agreements with the government seeking measures to reduce the impact of steep global price rises of fuel and fertilizer, sector leaders said on Sunday.
Qatar Airways' chief executive said on Monday the industry's net-zero 2050 target, which was set last year, would be difficult for airlines to achieve. It is going to be "very challenging", Akbar Al Baker told a press conference at the International Air Transport Associations annual meeting of airline chiefs in Doha.
The head of the world's biggest airline trade body said on Monday that he remains confident that the industry will return to profitability in 2023, even though there may still be a disconnect between capacity and demand until the first quarter.
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