Airlines

The FAA reauthorization deal aims to improve runway safety and address staff shortages.

Lufthansa said it expects an improvement in its second-half operating result, with capacity seen at more than 95% of prepandemic levels in the third quarter, but cautioned that unit revenue will fall in the next three months.

Bonza, a startup low-cost carrier in Australia that competed with local heavyweights Qantas and Virgin Australia on some routes, has gone into administration, a process similar to U.S. bankruptcy.

IAG’s planned €400 million acquisition of Air Europa could reduce competition, the EU said, concerned that customers could face increased prices and lower quality service.

Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.