Transportation

The latest on developments in financial markets (all times local): 9:35 a.m.

Airlines are bowing to the staying power of higher fuel prices by culling unprofitable flights while trying to boost revenue by being nicer to customers.

Saudi Arabia's state-owned oil company says it's temporarily halting shipments through a strategic Red Sea shipping lane after Yemen's Shiite rebels attacked two tankers the previous day.

American Airlines is reporting that profits during the second quarter plunged more than 30 percent due in part to rising fuel costs, but it still topped expectations.

The No. 1 U.S. carrier by passenger traffic reported net income of $566 million.

Southwest Airlines overcame rising fuel prices to top profit expectations, though an inflight disaster in which a passenger was killed had an adverse effect on revenue.

China is applauding U.S. airlines for bending to its demand that they stop referring to Taiwan as an independent country on their websites.

Boeing Co. says its second-quarter profit was $2.2 billion.

Cabin crew workers for low-cost airline Ryanair are holding a two-day strike in four European countries over working conditions, forcing thousands of passengers to make last-minute travel plans at the peak of the summer holiday season.

Dubai-based port operator DP World says it has signed a deal with Mali to build a 1,000-hectare, or 2,470-acre, large logistics hub outside of Bamako.

The airport at Hannover in northern Germany has reopened after damage caused to the runway by persistent heat forced operators to shut it for repairs.

The Licensed Taxi Drivers' Association of London have growing frustration with the presence of Uber in its city, and is considering legal action to mitigate its financial losses.

The Switchblade’s first public flight will take place in several months.

Revenue from motorcycles and related products fell 3.3 percent.

Higher oil prices add to the costs.

A California bottled water company has been charged with illegally disposing of arsenic-tainted wastewater.