transportation-sector
Top StoriesHapag-Lloyd Q1 Net Profit More Than Triples, Expects Strong Q2
Top StoriesFrance’s Alstom Trains Sights on Higher Synergies After Profit Beat
Top StoriesAirline Body Iata Sees Industry Recovery Now in 2023
FinanceCheap Financing Bonanza Over, Leasing Boss Tells Airlines
Russian Attacks on Rail System Fail to Paralyse ‘lifeline of Ukraine’
Date: May 9, 2022
By Jonathan Landay FASTIV, Ukraine (Reuters) -A salvo of missiles brought the Kremlin’s war on Ukraine to Fastiv, a quiet town abounding with flowering cherry trees and set in sweeping farmland hundreds of kilometres from the front lines. The strike on April 28, which injured two people, hit an electrical substation that feeds power to...
Ukraine Hopes to Boost Export Capacity by 50% in Coming Months
Date: May 6, 2022
KYIV (Reuters) – Ukraine hopes to grow export capacity by 50% in the next few months by expanding facilities on its western border, but it will still be far short of pre-war levels, the deputy infrastructure minister said on Friday. More than ten seaports carried 75% of Ukraine’s foreign trade, but they were closed after...
British Airways-Owner Iag Scales Back Summer Ramp-Up to Avoid Disruptions
Date: May 6, 2022
By Paul Sandle LONDON (Reuters) -British Airways-owner IAG cut back plans to ramp up short-haul flights to avoid disruption at Heathrow airport this summer, sending its shares skidding 8% on Friday after admitting it doesn’t have enough staff to cope. The company, which also owns Iberia, Vueling and Aer Lingus, has struggled with crew absences...
Maersk in Talks With Buyers for Stake as Quits Russia
Date: May 4, 2022
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following a final cargo shipment this week, the Danish shipping group said on Wednesday. Maersk put its 30.75% share of Global Ports up for sale as it...
London’s Long-Delayed Crossrail to Open on May 24
Date: May 4, 2022
LONDON (Reuters) -London’s long-delayed Crossrail will open on May 24, Transport for London (TfL) said on Wednesday, with 12 trains per hour running through the middle section of the line linking Paddington in the west to Canary Wharf in the east. The $24 billion rail project was originally due to be opened by Queen Elizabeth...
Ryanair Load Factor Tops 90% for First Time Since COVID-19 Began
Date: May 4, 2022
DUBLIN (Reuters) – Ryanair’s load factor – a measure of how well an airline is filling available seats – rose above 90% for the first time since the beginning of the COVID-19 pandemic as traffic rose sharply during the key Easter holiday period. Ryanair flew 14.2 million people in April compared to just 1 million...