(Reuters) - JetBlue Airways on Monday forecast a smaller drop in second-quarter revenue than it had previously forecast due to healthy travel demand, sending its shares up 2.3% in premarket trading.
Major U.S. carriers expect record passenger numbers for the summer season but uneven demand on certain routes has led to overcapacity and is hurting pricing power for a few airlines.
JetBlue now expects its second-quarter revenue to fall... (continue reading...)
By Elizabeth Pineau, Lucien Libert and Michaela Cabrera
DEAUVILLE/PARIS (Reuters) - Crowds cheered and applauded as U.S. veterans arrived at French airports ahead of ceremonies marking the 80th anniversary of D-Day, when more than 150,000 Allied soldiers landed in Normandy to drive out Nazi Germany forces.
Many of those flying in over the weekend into Monday were older than 100, pushed on wheelchairs by relatives and aides.
... (continue reading...)JERUSALEM (Reuters) - Israeli media quoted Prime Minister Benjamin Netanyahu as saying on Monday that the first phase of a U.S.-promoted plan to wind down the Gaza war, entailing a limited hostage release by Hamas, could be undertaken without necessary agreement on what follows.
The leaked quotes from a closed-door parliamentary meeting, which were not immediately confirmed by officials, suggested Israel sees a possibility of entering an initial Gaza... (continue reading...)
MANILA (Reuters) -A volcano in central Philippines erupted on Monday, spewing plumes of up to five kilometres (3.11 miles) high, the country's seismology agency said, adding that evacuations were not yet recommended for residents in the area.
The lowest alert level remained on Mt. Kanlaon which straddles the provinces of Negros Oriental and Negros Occidental, with the level unchanged for several days leading up to the eruption, the Philippine Institute... (continue reading...)
By Max A. Cherney
TAIPEI - Arm Holdings aims to gain more than 50% of the Windows PC market in five years, the chip designer's CEO said, as Microsoft and its hardware partners prepare to launch a new batch of computers based on the British firm's technology.
Demand for use of Arm's technology in personal computers got a boost after Microsoft unveiled ambitious plans last month to launch a new breed of PCs with artificial intelligence... (continue reading...)
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