Airbus parent EADS announced that delivery delays of its A400M military aircraft could cost up to $2 billion. The company abandoned its full-year profit guidance to the financial community and announced that it would issue a revised forecast when third-quarter earnings are released, the Associated Press reported. But a company statement warned that additional delays are possible.
American Airlines and Delta Air Lines raised round-trip fares on flights within the continental United States by $20 to offset the cost of jet fuel, Reuters reported. The increase came after other carriers raised fares in recent weeks, as the price of crude oil was setting new records.
Kunpeng Airlines has begun operating in China's Shaanxi Province, Reuters said. A venture between China's Shenzhen Airlines Ltd. and U.S.-based Mesa Air Group Inc., it's the first for a U.S. carrier in the expanding Chinese market. Rapid expansion is planned before next year's Beijing Olympics.