Author: Rajesh Kumar Singh
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GE lifts 2021 earnings forecast, flags ‘challenging’ operating environment
By Rajesh Kumar Singh CHICAGO (Reuters) -General Electric Co raised its full-year earnings forecast on Tuesday after a recovery in its jet-engine business helped it report higher-than-expected quarterly profit. The industrial conglomerate, however, said it faced a “challenging” operating environment because of global supply chain disruptions and uncertainty over whether production tax credits for onshore…
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United Airlines expects Boeing 777s to return to sky in Q1 of 2022
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines said on Wednesday its Boeing 777-200 planes equipped with Pratt & Whitney (PW) engines are expected to return to service as early as in the first quarter of 2022. The Chicago-based carrier had to ground the wide-body jets after a United flight to Honolulu suffered an…
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Delta Air warns of pre-tax loss in 4th quarter as fuel prices surge
By Sanjana Shivdas and Rajesh Kumar Singh (Reuters) -Delta Air Lines Inc on Wednesday warned of a pre-tax loss for the fourth quarter due to a sharp rise in fuel prices, after posting its first quarterly profit without federal aid since the coronavirus pandemic. Oil prices have surged to multi-year highs, threatening the pace of…
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Airlines see sharply lower losses in 2022, recovery in sight
By Rajesh Kumar Singh BOSTON (Reuters) -Global airlines on Monday projected a sharp reduction in industry losses next year as a multi-speed recovery from the coronavirus crisis gets under way, but revised up the financial toll inflicted by the pandemic in 2020 and 2021. The International Air Transport Association, the industry’s main trade body, predicted…
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115 dead as train derails in north India; some still trapped
PUKHRAYAN, India — Rescuers worked through the night to pull people out of mangled coaches after an overnight passenger train derailed early Sunday in northern India, killing at least 115 people, police said. The death toll was expected to rise further because rescue workers had yet to gain access to one of the worst-damaged of…