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European Stocks Peak Amid Travel Boom

European shares closed at a more than seven-week high on Monday amid a tech and travel stock boom. The benchmark STOXX 600 index gained 0.3% during the day's trading, thereby extending its three-week gain. Gambling company Flutter Entertainment Plc and low-cost airline Ryanair emerged as...

African Flights Grounded Amid Air Traffic Control Strike

Air travel was disrupted across West and Central Africa on Friday as air traffic control strikes kept flights grounded. International travelers en route to the United States and Europe were unable to board their scheduled flights as a result. Employees of the Agency for Aerial...

Germany Sells Full Stake in Lufthansa

Germany has sold the entirety of its 9.92% stake in Lufthansa for a value of 760 million euros. This follows the government's announcement on Tuesday of the sale of a 6.2% holding in the national carrier. Through its Economic Stabilization Fund or WSF, Germany first...

Cathay Pacific to Boost Capacity as Quarantine Rule Lifted

Hong Kong flagship airline Cathay Pacific confirmed that it is looking to gradually increase its flying capacity in the coming months following the announcement by the Hong Kong government on Friday that passenger crew would no longer be required to quarantine for three days...

United Airlines Improves Costs During Third Quarter

United Airlines Holdings Inc stated in a regulatory filing on Wednesday that it has seen "improving operational reliability" over the course of 2022. As a result, the American carrier expects to experience a decrease in its current quarterly operational costs and an increase in...