European defence spending is rising 11 per cent this year, and the suppliers that build Airbus's engines, forgings and alloys also make fighters and missiles. A new EU law lets Brussels push defence orders to the front of the queue.
Hoax bomb threats disrupt dozens of European flights as governments weigh hybrid aggression. IAG's quarterly profit falls short of forecasts as fuel costs climb. Singapore Airlines unveils its new A350 premium cabins.
Ryanair, Lufthansa, Air France-KLM and IAG came through the summer on this year's fuel hedges, while guidance weakened and KLM began reorganising about 5,000 positions. Our Pro pieces examine software as aviation's weakest link and defence demand for Airbus's suppliers.
A software defect at NATS grounded much of UK aviation in September, and a second fault followed within a fortnight. From air traffic control to crew scheduling and check-in, the systems most passengers never see are now the industry's weakest link.
IAG raised its interim dividend 10 per cent and pressed ahead with its buyback, despite third quarter operating profit falling to €1.73bn as fuel costs rose 30.4 per cent. Transatlantic strength and a low-debt balance sheet set it apart from rivals.
