BERLIN/PARIS (Reuters) – Airbus (AIR.PA: Quote, Profile, Research, Stock Buzz) sought to reassure investors on Thursday by promising profit growth beyond 2017 and healthy dividends after its shares continued a slide begun on Wednesday when it warned of flat 2016 earnings.
Investors also worried about a cut in production rates for the A330 as Airbus moves to a newer version of the wide-bodied plane, dubbed the A330neo, and as it ramps up production of its new A350.
BERLIN/GENEVA (Reuters) – Airbus (AIR.PA: Quote, Profile, Research) shares slid 10.4 percent on Wednesday, their worst drubbing in more than six years, after the planemaker predicted flat profits in 2016, surprising investors who had expected new and recently upgraded models to start boosting results that year.
The world’s second-largest planemaker after Boeing (BA.N: Quote, Profile, Research) was also forced to call off a ceremony planned for Saturday to deliver its new A350 jetliner to Qatar Airways after the Gulf airline said it was delaying the handover indefinitely.
BERLIN/GENEVA, Dec 10 (Reuters) – Shares in Airbus
suffered their worst drubbing in more than six years on
Wednesday after the planemaker predicted flat profits in 2016, a
year in which investors had expected it to start feeling the
benefit of new and recently upgraded models.
The world’s second-largest planemaker after Boeing
was also forced to scrap a ceremony to mark the first delivery
of its new A350 jetliner to Qatar Airways on Saturday, after the
Gulf airline said it was delaying the handover indefinitely.
FRANKFURT, Dec 9 (Reuters) – An auditor’s report concluded
Kabel Deutschland was worth almost a quarter more
than what Britain’s Vodafone offered for the rump of the
company, potentially helping hedge fund Elliott argue its case
for a higher price for its stake.
Having secured a stake of more than three quarters in Kabel
Deutschland, Vodafone about a year ago offered 84.53 euros per
share ($104) in cash to remaining shareholders as part of a
so-called domination agreement.
FRANKFURT/BERLIN (Reuters) – Cyber attacks and commercial drones pose a growing risk of commercial aeroplane crashes, a major insurer said, running counter to a long-term decline in fatal accidents and insurance premiums.
Technical advances in aircraft design and navigation systems have reduced the chance of dying in a plane crash, but the reliance on computers poses new types of risks.
BERLIN, Dec 3 (Reuters) – Lufthansa’s board
approved plans on Wednesday to expand its budget flight
operations against the backdrop of deteriorating relations with
its pilots who are set for their tenth strike this year.
With the dust barely settled after this week’s two-day
walkout that forced Lufthansa to cancel half its flights,
affecting 150,000 passengers, pilots’ union Vereinigung Cockpit
called another strike for Thursday.
BERLIN (Reuters) – Lufthansa’s (LHAG.DE: Quote, Profile, Research, Stock Buzz) board meets on Wednesday to approve expansion of its budget flights against the backdrop of deteriorating relations with pilots who are now planning their tenth strike this year.
With the dust barely settled after this week’s two-day walkout that forced Lufthansa to cancel half its flights, affecting 150,000 passengers, pilots’ union Vereinigung Cockpit called another strike for Thursday.
BERLIN/PARIS, Nov 30 (Reuters) – Weeks after its dramatic
coup in landing a probe on a speeding comet, Europe is hoping a
last-minute deal to provide funding for the workhorse Ariane
rocket will prevent its space ambitions falling back to earth
Anxious to preserve its own access to space, the 20-nation
European Space Agency will seek to put aside differences over
how to respond to U.S. low-cost rival SpaceX and safeguard
thousands of high-tech jobs at ministerial talks on Tuesday.
ANTWERP Belgium (Reuters) – Airlines are seeking to work more closely with travel technology companies to mine customer data for ways to generate more revenue beyond ticket sales, emulating other industries already using such methods.
While retailers have implemented ever more ingenious ways to make better use of customer data, both online and offline, many airlines have been slower off the mark, only recently looking to harvest more profitably the wealth of information provided by their frequent-flyer loyalty schemes.
ANTWERP, Belgium, Nov 21 (Reuters) – Implementation of a
much-delayed single air traffic zone for Europe remains years
off because of resistance from unions and individual European
Union states, industry representatives said on Friday.
The Association of European Airlines (AEA) says that
streamlining Europe’s jigsaw of national air corridors would
save airlines 3 billion euros ($3.7 billion) a year and
consumers a further 6 billion euros.