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Southwest Airlines reported another quarter of red ink, $16 million, extending a trend that until a year ago was unseen at the discount carrier since the early 1990s. Hedging losses again weighed on results.
Indian airline Jet Airways said Chief Executive Wolfgang Prock-Schauer will step down on Oct. 15. Senior Vice President Nikos Kardassis will take over as the acting head.
The global aviation industry has agreed to cut its net carbon emissions to half 2005 levels by 2050 under a plan to be set out on Tuesday by British Airways chief, Willie Walsh.