Oil falls as U.S. drilling undermines drive to tighten markets
SINGAPORE Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply.
FRANKFURT Germany's largest airline Lufthansa (LHAG.DE) said passenger sales in terms of revenue-seat kilometres rose by 3 percent in March.
The load factor - a measure of how full its planes are - rose by 2.8 percentage points to 79.5 percent. Cargo volumes fell 4.4 percent.
Air France-KLM (AIRF.PA) on Tuesday said passenger traffic rose 2.2 percent in March, helped by the early timing of Easter this year, while German rival Air Berlin (AB1.DE), which is streamlining its operations as it seeks to cut debt, said March numbers fell 8 percent.
(Reporting by Victoria Bryan)
MOSCOW Russia carried out the maiden flight of its new MS-21 medium-range passenger plane on Sunday, its first post-Soviet foray into production of a mainline commercial aircraft which it hopes will rival those of its Western competitors.
BEIJING Standard & Poor's is likely to follow its regular ratings review schedule for China, and does not see any basis at this point for an out-of-schedule committee meeting, a senior director at the ratings agency told Reuters on Monday.