Transportation News
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Delta Air Lines Inc. and US Airways Group Inc. are among carriers raising fares and reaping domestic bookings for summer travel as a recovering economy spurs more Americans to take vacations.
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Ryanair Holdings Plc, Europe’s biggest discount airline, predicted earnings will fall this year as a slowing European economy prevents it from increasing fares sufficiently to make up for surging jet-fuel costs.
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Singapore’s stock exchange approved Formula One’s plan to raise as much as $3 billion in an initial public offering in the city-state, three people with knowledge of the matter said.
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Vale SA, the world’s biggest iron-ore producer, said it’s in talks about opening a second trans- shipment facility for mega-ships in Asia as it struggles to gain access to Chinese ports.
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