U.S. 5G Airplane Upgrade Rules May Cost Industry $637 Million -IATA

U.S. 5G Airplane Upgrade Rules May Cost Industry $637 Million -IATA

By David Shepardson WASHINGTON (Reuters) -Proposed U.S. requirements to retrofit airplane altimeters to ensure they are not susceptible to 5G wireless interference may cost the industry at least $637 million, the world’s biggest airline trade body said on Thursday. The International Air Transport Association (IATA), which represents more than 100 carriers that fly to the…

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Expedia Profit Misses As Severe Weather Weighs On Holiday Quarter

Expedia Profit Misses As Severe Weather Weighs On Holiday Quarter

By Doyinsola Oladipo and Shivansh Tiwary (Reuters) -Online travel booking company Expedia Group Inc missed Wall Street estimates for fourth-quarter profit on Thursday, hit by a spike in cancellations and bad weather near the end of the quarter. Travel demand has generally been strong throughout last year despite recession and inflation fears. However, harsh December…

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