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The European Union has proposed sweeping changes to airline-passenger rights in the biggest overhaul since rules were first introduced eight years ago.The EU's transport chief, Sim Kallas, in Brussels on Wednesday said the reforms were designed to bring legal certainty for passengers, amid frequent complaints that carriers try to avoid their obligations by forcing customers to haul them through the courts to obtain compensation.European airlines have for their part also lobbied for changes after being forced to fork out hundreds of millions of euros in compensation following the eruption of Iceland's Eyjafjallajokull volcano in April 2010. The billowing volcanic ash cloud resulted in millions of passengers being stranded across Europe as thousands of flights were grounded for nearly a week."It's bad enough if you are travelling on business. But if it's the holiday time and you've got a young family with you, it quickly turns into a nightmare," Mr. Kallas said during a press conference....
GENEVA (Reuters) - The growth rate for premium air travel fell significantly in March from the previous month because of the Japan tsunami and earthquakes and Arab w...
Raymond James Chief Investment Strategist Jeff Saut argues the U.S. markets are not overvalued right now.
Jeff Saut, chief Investment Strategist at Raymond James, offers his bank picks for this year.
By Atul PrakashLONDON, Aug 27 (Reuters) - European shares slipped in early trade on Friday and were on track for a third straight week of losses as investors remaine...
By David Jones and Matthew ScuffhamLONDON, Aug 10 (Reuters) - Business travellers flocked back to boost profit at upmarket InterContinental Hotels while Europe's top...
The second biggest home improvement retailer reported earnings of 34 cents a share, 3 cents better than estimate.
Polycom CEO Andrew Miller on the improved technology of video conferencing and the company’s double-digit growth rate.
In Athens and other cities thousands of workers are striking in protest of new spending cuts.
Iceland’s clouds of volcanic ash caused British Airspace to shutdown service in Scotland and Northern Ireland this morning.
Nokia Misses Earnings, Volcanic Ash Costing Airlines, Greece Will Keep Borrowing as it Seeks Aid, Moody Lowers Toyotas Debt Rating
Actor Paul Sorvino on his plan to close the budget deficit.
Financial reform takes center stage on Capitol Hill as Bernanke, Geithner and Fmr. Lehman Brothers CEO Dick Fold testify before Congress.
DOW JONES NEWSWIRESSANTIAGO -(Dow Jones)- The carrier resulting from the merger of Chilean flagship LAN Airlines SA (LFL, LAN.SN) and Brazilian carrier TAM S/A (TAM,...
European Parliament member Nigel Farage on being surprised at how quiet the U.S. has been amid the worsening crisis in the European Union, and why he believes Greece’s woes will end in revolution.
International air travel in first and business class has slumped because of Japan's nuclear crisis, weakening world trade and Middle East turmoil, the industry body ...
By Raju Gopalakrishnan and Harry SuhartonoSINGAPORE (Reuters) - The International Air Transport Association (IATA) said on Thursday the global economy was recovering...
Shares of Europe’s top airlines fell on Monday upon worries that a new ash cloud from an Icelandic volcano could once again disrupt service.While new arrangements ha...
An eruption by Iceland's most active volcano put Europe on high alert on Monday as a billowing ash cloud drifted towards Scotland and threatened to shut down airport...
The growth rate for premium air travel fell significantly in March from the previous month because of the Japan tsunami and earthquakes and Arab world unrest, the In...
