
-
Trump says Kyiv can win back 'all of Ukraine' in major shift
-
US veterans confident in four Ryder Cup rookies
-
Ecuador's president claims narco gang behind fuel price protests
-
Qatar's ruler says to keep efforts to broker Gaza truce despite strike
-
Pakistan stay alive in Asia Cup with win over Sri Lanka
-
S.Korea leader at UN vows to end 'vicious cycle' with North
-
Four years in prison for woman who plotted to sell Elvis's Graceland
-
'Greatest con job ever': Trump trashes climate science at UN
-
Schools shut, flights axed as Typhoon Ragasa nears Hong Kong, south China
-
Celtics star Tatum doesn't rule out playing this NBA season
-
Trump says NATO nations should shoot down Russian jets breaching airspace
-
Trump says at Milei talks that Argentina does not 'need' bailout
-
Iran meets Europeans but no sign of sanctions breakthrough
-
NBA icon Jordan's insights help Europe's Donald at Ryder Cup
-
Powell warns of inflation risks if US Fed cuts rates 'too aggressively'
-
Arteta slams 'handbrake' criticism as Arsenal boss defends tactics
-
Jimmy Kimmel back on the air, but faces partial boycott
-
Triumphant Kenyan athletes receive raucous welcome home from Tokyo worlds
-
NASA says on track to send astronauts around the Moon in 2026
-
Stokes 'on track' for Ashes as England name squad
-
Djokovic to play Shanghai Masters in October
-
In US Ryder Cup pay spat, Schauffele and Cantlay giving all to charity
-
Congo's Nobel winner Mukwege pins hopes on new film
-
Scheffler expects Trump visit to boost USA at Ryder Cup
-
Top Madrid museum opens Gaza photo exhibition
-
Frank unfazed by trophy expectations at Spurs
-
US says dismantled telecoms shutdown threat during UN summit
-
Turkey facing worst drought in over 50 years
-
Cities face risk of water shortages in coming decades: study
-
Trump mocks UN on peace and migration in blistering return
-
Stokes named as England captain for Ashes tour
-
Does taking paracetamol while pregnant cause autism? No, experts say
-
We can build fighter jet without Germany: France's Dassault
-
Atletico owners negotiating with US firm Apollo over majority stake sale - reports
-
Stocks mark time with eyes on key economic data
-
Tabilo stuns Musetti for Chengdu title, Bublik wins in Hangzhou
-
Trump returns to UN to attack 'globalist' agenda
-
No.1 Scheffler plays down great expectations at Ryder Cup
-
WHO sees no autism links to Tylenol, vaccines
-
US Fed official urges proactive approach on rates to boost jobs market
-
Nearly 100 buffaloes die in Namibia stampede
-
UN chief warns 'aid cuts are wreaking havoc' amid slashed budgets
-
Schools shut, flights axed as Typhoon Ragasa nears Hong Kong, southern China
-
Hundreds trapped as typhoon triggers barrier lake burst in Taiwan
-
EU proposes new delay to anti-deforestation rules
-
Man City have 'recovered many things': Guardiola
-
Thailand to 'clarify misunderstandings' after SEA Games petanque ban
-
Denmark brands mystery drone flights 'serious' attack
-
Iran executed at least 1,000 this year in prison 'mass killing': NGO
-
France's Dassault says can build European fighter jet without Germany
CMSC | -0.41% | 24.15 | $ | |
NGG | 0.56% | 71.36 | $ | |
AZN | -2.01% | 75.97 | $ | |
BCC | -0.72% | 78.87 | $ | |
SCS | -0.06% | 16.89 | $ | |
RIO | -0.14% | 63.56 | $ | |
BTI | -1.28% | 53.19 | $ | |
BP | 1.07% | 34.74 | $ | |
GSK | -0.97% | 40.515 | $ | |
CMSD | -0.75% | 24.278 | $ | |
RBGPF | 0% | 76.6 | $ | |
RYCEF | 0.63% | 15.75 | $ | |
JRI | 0.31% | 14.043 | $ | |
BCE | 0.86% | 23.27 | $ | |
RELX | -1.33% | 46.46 | $ | |
VOD | -0.26% | 11.36 | $ |

Problems soar for airlines despite pandemic recovery
Desperate to put the coronavirus pandemic behind them, airlines will hold talks on Sunday ahead of a potential summer of chaos with shortages and strikes that could threaten their recovery.
While trade is roaring back to life, representatives from the aviation sector meeting for three days in Qatar have a packed agenda with multiple geopolitical crises including the war in Ukraine and the environment.
Cracks are already showing in the sector's recovery, though industry figures are optimistic about the future despite the issues.
In the past few weeks, delays and cancellations caused by a lack of staff at airports and strikes for better pay have wreaked havoc upon travellers.
The problems originate with the pandemic when airlines and airports laid off thousands of workers during its worst-ever crisis.
Now, they are scrambling for workers.
Passenger numbers dropped by 60 percent in 2020, and in 2021 it was still down 50 percent. Airlines lost nearly $200 billion over two years.
While some firms in the sector went bankrupt, others -- backed often by states -- have emerged from the pandemic with profits intact.
European airlines are excited about the prospect for a "beautiful summer", with some data showing booking rates higher than in 2019. In the United States, the domestic market has almost returned to pre-pandemic levels.
"Airlines are generating cash again, which is a real positive," said Willie Walsh, head of the International Air Transport Association, during a visit to Paris earlier this month.
The sector's morale was buoyant after "a very long and barren two years", he told reporters.
- 'Not up to speed' -
The International Air Transport Association (IATA), which represents 290 airlines accounting for 83 percent of global air traffic, will host its annual general meeting in Doha instead of Shanghai after record-high Covid case counts forced it to relocate the forum.
There will be cause for celebration during the event.
In terms of Revenue Passenger Kilometres (RPKs), a measure of total distance flown by paying passengers, activity in April reached 62.8 percent compared with the same month in 2019.
That was the best figure since March 2020.
Domestic routes, meanwhile, hit 74.2 percent in April, better than international markets which reached 56.6 percent compared with the same period in 2019.
After the Easter holidays fiasco at European airports, Walsh admitted "the system is not up to speed", but vowed the issues would be addressed.
He was hopeful despite the war in Ukraine and its wider impacts, surging inflation and record prices for jet fuel.
Fuel makes up 25 to 30 percent of companies' spending, and given the still-fragile state of airlines' balance sheets, higher costs will be passed on to customers to preserve their profits.
But the effects of Russia's war in Ukraine are already being felt.
European flights to Asia are constrained by long diverted routes to avoid Russian airspace after having slapped heavy sanctions on Moscow.
- Costly decarbonisation -
With inflation eroding people's purchasing power, higher costs could weaken demand at a time when companies need to make serious investments to cut their carbon dioxide emissions.
The IATA pledged last October to achieve net-zero carbon emissions by 2050.
The issue will be raised at a general assembly meeting of the International Civil Aviation Organization in the autumn, but a deal between countries is far from certain.
The IATA, which expects 10 billion air passengers annually by the middle of the century compared with 4.5 billion in 2019, refuses to consider any restrictions on growth in order to contain the effects of climate change.
Commercial air travel, often the target of environmental activists, is responsible for between 2.5 and 3 percent of global emissions.
Between "cleaner" planes and sustainable fuel, investment worth $1.5 trillion over 30 years is needed to improve the sector's environmental impact. The costs will be most likely handed down to the customer, again.
K.AbuTaha--SF-PST