European airline stocks tumbled in early trading on Friday after Israel launched widescale strikes against Iran, which pushed the oil price up by 7% and ignited a rush out of risk assets.
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The union representing United Airlines flight attendants reached a tentative deal for a new contract. Members would receive pay rises of up to 45.6% over five years.
Airlines need to reach long-term agreements to buy bigger quantities of sustainable aviation fuel if they want to boost global volumes of the lower-emission fuel required for industry climate targets, a Bayer executive said on Tuesday.
Major airlines said Monday they oppose a new effort to advance legislation that would reduce fees charged by Visa and Mastercard on transactions, saying the bill could force them to stop offering rewards credit cards that give consumers frequent flyer miles for making transactions.
The global airline industry is expected to generate in profit this year than previously thought, the International Air Transport Association said Monday.
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