In its weekly views and valuations, Deutsche Bank has expressed its concerns about the weakening of major currencies against the US dollar, and its negative impact on the US airline industry. The sell-side research firm suggested the strengthening UD dollar would weigh more on Passenger Revenue per Available Seat Mile (PRASM) than Revenue per Available Seat Mile (RASM), of the US air carriers abroad.
Diageo plc (ADR) (DEO) announced today that it is offering to increase its stake in Indian spirits-maker United Spirits Ltd., for around $1.9 billion. The world’s largest spirits company, which markets brands such a Johnnie Walker whiskey and Smirnoff vodka, said that it would pay 3,030 rupees ($50) a share for an additional 26% stake in United Spirits.
By Zacks Investment Research:
United Rentals, Inc. (URI) seems to be well positioned to benefit from improving U.S. construction activities. Plus, an expansion in the rental market will definitely help the growth prospects of the stock.
Sometime this summer, a United Airlines flight will take off from Los Angeles International Airport bound for San Francisco using fuel generated from farm waste and oils derived from animal fats.
For passengers, little will be different — the engines will still roar, the seats in economy will still be cramped — but for the airlines and the biofuels industry, the flight will represent a long-awaited milestone: The first time a domestic airline operates regular passenger flights using an alternative jet fuel.
CHICAGO — A transportation agency plans to file a lawsuit Monday alleging that United Airlines is falsely claiming to buy huge amounts of jet fuel out of a small, rural Illinois office that doesn’t even have a computer to avoid paying tens of millions of dollars in taxes in Chicago, where the purchases are allegedly being made.