OPEC+, Aviations Execs Address Iran War Impact at Duel Conferences

At The International Air Transport Association in Rio De Janeiro, United Airlines CEO Scott Kirby discussed with Co-host of Bloomberg Surveillance Lisa Abramowicz the current challenges facing the airline industry including rising fuel costs and their impact on ticket pricing. (Source: Bloomberg)

The Dominican Republic’s plan to build a commercial spaceport in the small town of Oviedo is about far more than rockets. Launch on Demand founder Burton Catledge says the project could create thousands of jobs, attract new investment, and help diversify the country beyond tourism. Supporters envision a new hub for aerospace, technology, and education, while local residents hope the project can bring opportunities to a region that has long felt overlooked. But before launches begin, developers m

Air France-KLM CEO Benjamin Smith discussed the airline's cautious approach to resuming flights in the Gulf region, confirming the return to Riyadh while other destinations like Dubai, Tel Aviv, and Beirut remain closed. (Source: Bloomberg)

Only seven companies cited oil prices as a reason for cutting or not updating their profit outlooks for the year.