Despite record summer travel demand, airlines are reporting disappointing quarterly earnings. Overcapacity in the market has led to discounted fares, affecting profits for major airlines including American, Southwest, United, Delta, Alaska Airlines, and Ryanair. In the first six months of the year, the U.S. Transportation Security Administration (TSA) screened an average of 2.46 million passengers…
At the Farnborough Air Show on Monday, the spotlight was on the aviation industry’s struggles, as Ryanair reported a significant drop in quarterly profits amidst ongoing supply chain issues, aircraft delays, and ambitious plans to reduce emissions. The airshow, running from July 22-26, faced a clouded outlook with fewer expected deals compared to previous years….
Delta Air Lines faced significant operational challenges on Monday, canceling over 600 flights in the wake of last week’s global cyber outage. The outage, which disrupted the airline’s crew tracking system, has left thousands of passengers stranded across the United States. As of 7:00 a.m. EST, approximately 16% of Delta’s flights were canceled, based on…
As 2024 unfolds, the world faces a tumultuous period marked by shifting paradigms and the challenge of outdated theories. The year ahead will be shaped by the repercussions of inflation, escalating trade conflicts, and ongoing war, influencing fields from central banking to technology, industrial policy, and energy. Historian Thomas Kuhn’s concept of “paradigm shifts,” introduced…
Alon Shvut, West Bank – Following the October 7 attack by Hamas, Jewish settlers in the Israeli-occupied West Bank are intensifying efforts to align with the U.S. Republican religious right to oppose a sovereign Palestinian state. Ruth Lieberman, a political consultant and Jewish settler in Alon Shvut, has been pivotal in this movement. Lieberman recently…
Kyiv – A Russian missile and drone attack in Ukraine overnight resulted in the deaths of two civilians and caused significant damage to energy facilities and railway infrastructure across the country, according to officials on Saturday. Oleh Syniehubov, the regional governor for Kharkiv, reported that Iskander missiles targeted an infrastructure facility in the small town…
Dhaka – The Bangladesh military enforced a curfew in Dhaka on Saturday in response to ongoing student-led protests against government job quotas, which have resulted in at least 105 deaths over the past week. The curfew comes amidst a suspension of internet and text message services that began on Thursday, severing Bangladesh’s communication with the…
A widespread technology outage on Friday caused significant disruptions across various industries worldwide, affecting airlines, banks, telecommunications, and media services. Impact on Airlines and Airports:Major U.S. airlines such as American Airlines, Delta Airlines, and United Airlines were forced to ground flights. Airports globally, including those in Singapore, Hong Kong, and India, experienced delays as some…
MUMBAI — Indian airlines and several brokerages experienced significant disruptions on Friday due to a widespread global IT outage. The technical difficulties have affected various sectors, including travel and finance. Indian airlines, including SpiceJet, IndiGo, Akasa Air, Vistara, Air India, and Air India Express, reported issues with their online services. These disruptions impacted booking, check-in,…
HONG KONG — Chinese electric vehicle (EV) manufacturers such as BYD and Chery are ramping up their production within the European Union to circumvent tariffs and gain a competitive edge. Despite their initial advantage, their future success will depend on the evolving regulatory landscape in Brussels. Chinese automakers are capitalizing on lower production costs, which…
