Airline Industry News
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Airline industry agreement on a standard measure of aircraft greenhouse-gas emissions may be delayed at least a year for more research, according to the International Civil Aviation Organization.
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Greyhound, the iconic U.S. bus brand, has turned to pricing models used by the airline industry as it seeks a ticketing system capable of boosting profitability by charging more for travel during peak periods.
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Royal Dutch Shell Plc Chief Executive Officer Peter Voser said it’s too early to speculate about the European oil-price fixing probe and the company is committed to the “highest standard of corporate behavior.”
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The investigation into possible oil- price fixing gathered pace as trading houses from Glencore Xstrata Plc, the $70 billion mining firm, to Gunvor Group Ltd. were asked to provide information to European regulators.
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The European oil price-fixing probe expanded as Neste Oil Oyj, Finland’s only refiner, said it was asked to provide information regarding potential manipulation of global crude and biofuel markets.
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Traders are standing by Platts, the company that provides benchmark prices for much of the world’s energy products, amid a European probe into market manipulation.
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The regional airliner was climbing past 9,000 feet when its compasses went haywire, leading pilots several miles off course until a flight attendant persuaded a passenger in row 9 to switch off an Apple Inc. iPhone.
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Michael O’Leary, who built Ryanair Holdings Plc into Europe’s biggest discount airline over two decades, pledged to stay another five years and render its dominance complete as competitors exit short-haul flying.
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President Barack Obama told lawmakers in February that automatic federal budget cuts would be a “self-inflicted wound” on the U.S. economy.
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President Barack Obama began experiencing first-hand the effects of across-the-board federal spending cuts as the first wave of White House furloughs kicked in yesterday.
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