(Reuters) -JetBlue Airways on Tuesday posted an adjusted loss for the second quarter that was smaller than Wall Street expectations, helped by cost cutting measures and recovering demand for travel in the U.S.
Over the past month, larger peers Delta and United have signaled that bookings are starting to stabilize, though at lower-than-expected levels, pointing to an uneven recovery.
In April, JetBlue joined several major airlines in pulling... (continue reading...)
By Andrea Shalal and Alistair Smout
ABERDEEN, Scotland (Reuters) -U.S. President Donald Trump formally opened a new golf course at his sprawling property in Scotland on Tuesday, saying he would play a quick round before heading home to focus on addressing crises in the Middle East and elsewhere.
Trump, wrapping up a five-day visit to Scotland, was joined by former soccer players, golfers and business leaders for a first round of golf at his... (continue reading...)
(Reuters) -Boeing reported a smaller second-quarter loss on Tuesday as the U.S. planemaker ramped up jet production and deliveries, recovering from a regulatory crisis and a major strike that halted most production last year.
Shares of the company rose 1.5% in premarket trading.
After years of grappling with quality issues and production delays on its flagship 737 MAX, Boeing has cautiously ramped up monthly output this year. In May, the... (continue reading...)
LUANDA (Reuters) -Violent protests in Angola over a fuel price hike killed at least four people and led to hundreds of arrests, with unrest continuing in a few parts of the capital Luanda on Tuesday, police said.
Monday's violence, which involved looting, acts of vandalism and clashes with police, followed a government decision early this month to increase the diesel price by one-third to ease the strain of costly fuel subsidies on public finances.
... (continue reading...)(Reuters) -Union Pacific said on Tuesday it would buy smaller rival Norfolk Southern in an $85-billion deal to create the country's first coast-to-coast freight rail operator.
Such mergers have historically reshaped the rail map, consolidating regional carriers into some dominant networks, but often come under intense scrutiny from the Surface Transportation Board.
Landmark mergers in the past - such as the creation of BNSF and between Union... (continue reading...)
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