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Europe Distillates-Diesel margins soften despite regional stock decline

Europe Distillates-Diesel margins soften despite regional stock decline LONDON, Nov 7 (Reuters) - Northwest European diesel barge profit margins fell by about 90 cents to $16.27 a barrel on Thursday, despite a fall in regional inventories. Gasoil stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by 2.4% in the week to Thursday, data from Dutch consultancy Insights Global showed.
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Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Updates Aegean Airlines Nov 7 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have cancelled services to and from the region: AEGEAN AIRLINES AGNr.AT The Greek airline has cancelled flights to and from Beirut until Dec.
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Europe rises on stronger mining, autos, but earnings drag

LIVE MARKETS-Europe rises on stronger mining, autos, but earnings drag Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPE RISES ON STRONGER MINING, AUTOS, BUT EARNINGS DRAG Europe's STOXX 600 is up 0.6%, as mining and autos lift the index, offsetting the impact of some disappointing earnings across sectors, while aero and defence return some of the gains made on Wednesday.
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Air France-KLM warns of higher annual costs after Q3 profit miss

UPDATE 4-Air France-KLM warns of higher annual costs after Q3 profit miss Adds CEO quotes from press conference in paragraphs 9-10 By Elviira Luoma Nov 7 (Reuters) - Air France-KLM AIRF.PA on Thursday reported a bigger-than-expected drop in its quarterly operating result and warned that this year's costs would be higher than previously projected. The French-Dutch airline group's shares fell 11% and could see their biggest daily drop in over two years if the losses persist.
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Air France-KLM slumps as unit cost, Q3 operating result miss weigh

BUZZ-Air France-KLM slumps as unit cost, Q3 operating result miss weigh ** Shares in Air France-KLM AIRF.PA fall 10% after the French-Dutch airline group posted Q3 operating result below market expectations, and said it expects unit cost increase for the year ** Its Q3 operating result came at EUR 1.18 billion ($1.27 billion), against the EUR 1.24
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Wizz Air profit hit by operational challenges and Mideast conflict

UPDATE 2-Wizz Air profit hit by operational challenges and Mideast conflict Adds shares, CEO comment and detail throughout By Aatrayee Chatterjee Nov 7 (Reuters) - Wizz Air WIZZ.L on Thursday posted a bigger than expected drop in first-half net profit, hit by ongoing issues with engine inspections that grounded its Airbus AIR.PA planes and the impact of conflict in the Middle East.
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Air France-KLM posts Q3 operating result below expectations

Air France-KLM posts Q3 operating result below expectations Nov 7 (Reuters) - Airline group Air France-KLM AIRF.PA on Thursday reported a bigger-than-expected drop in its quarterly operating result, impacted by the Paris Olympic Games and unit costs. The French-Dutch group's operating result decreased by 162 million euros to 1.18 billion euros ($1.27 billion) compared to last year, and fell short of the 1.24 billion euros mean estimate expected by analysts in a company-provided consensus.
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Europe Distillates-Diesel margins edge higher despite US stock rise

Europe Distillates-Diesel margins edge higher despite US stock rise LONDON, Nov 6 (Reuters) - Northwest European diesel barge profit margins rose slightly to about $17.07 a barrel on Wednesday, even as U.S. distillate stocks rose last week according to data from the Energy Information Administration (EIA). Two diesel barges traded in the Platts window on Wednesday for a total volume of 4,650 metric tons, at Ice November gasoil minus 75 cents.
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Europe Distillates-Diesel margins edge higher, fire hits Turkish refinery

Europe Distillates-Diesel margins edge higher, fire hits Turkish refinery LONDON, Nov 5 (Reuters) - Northwest European diesel barge profit margins rose slightly to about $17.40 a barrel on Tuesday, boosted by firmer demand, and as a fire hit one of Turkey's refineries. A fire at the site of Turkey's top oil refiner Tupras during work on a compressor lightly injured 12 people in the country's northwest, the company said on Tuesday.
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Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Updates Air France Nov 5 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have cancelled services to and from the region: AEGEAN AIRLINES AGNr.AT The Greek airline has cancelled flights to and from Beirut until Dec.
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EV/EBIT a better ratio for airlines than EV/EBITDA, MS says

BUZZ-EV/EBIT a better ratio for airlines than EV/EBITDA, MS says ** EBIT is better than EBITDA when it comes to looking at airlines, Morgan Stanley says, saying they account for depreciation and maintenance costs in various different ways ** Moving to EV/EBIT valuations makes Air France-KLM AIRF.PA and Wizz Air WIZZ.L look expensive relative to pee
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Air France KLM shares fall as Morgan Stanley downgrades stock

Air France KLM shares fall as Morgan Stanley downgrades stock PARIS, Nov 5 (Reuters) - Air France KLM AIRF.PA shares fell on Tuesday after Morgan Stanley cut its rating on the stock to 'underweight' from 'equal weight'. Air France KLM shares were down around 2% in early session trading. "The shares are not expensive relative to history – as is the case for the whole of the sector – but the stock is trading at a material premium versus flag carrier peers, while the outlook for free cash flow
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Direct Line Insurance, Equals Group, Holmen AB

EUROPE RESEARCH ROUNDUP-Direct Line Insurance, Equals Group, Holmen AB Nov 5 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Direct Line Insurance, Equals Group and Holmen AB on Tuesday. HIGHLIGHTS * Cab Payments Holdings Plc CABP.L : Peel Hunt cuts target price to 115p from 130p * Deutsche Boerse AG DB1Gn.DE : JP Morgan cuts target price to EUR 194 from EUR 196 * Direct Line Insurance DLGD.L : JP Morgan cuts target price to 200p f
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Europe Distillates-Diesel margins gain on hopes for stronger demand

Europe Distillates-Diesel margins gain on hopes for stronger demand LONDON, Nov 4 (Reuters) - Northwest European diesel barge profit margins rose above $17 a barrel on Monday as colder weather in the region was expected to boost demand. The diesel market has strengthened in recent days due to lower storage levels in the region and expectations for stronger demand as temperatures drop, traders said.
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Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Updates Aegean, Emirates and Qatar Airways Nov 4 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have cancelled services to and from the region: AEGEAN AIRLINES AGNr.AT The Greek airline has cancelled flights to and from Beirut until Dec.
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Europe Distillates-Diesel margins end week higher

Europe Distillates-Diesel margins end week higher LONDON, Nov 1 (Reuters) - Northwest European diesel barge profit margins fell by about $1.81 to $16.66 a barrel on Friday, marking a 13% week-on-week rise as stocks fell in ARA despite higher October imports into Europe. "Global diesel and jet crack spreads have rebounded nicely, with Singapore spreads gaining sharply on reduced Chinese exports," said Sparta Commodities analyst Philip Jones-Lux.
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Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Updates flydubai, Iberia Express under IAG Oct 31 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have cancelled services to and from the region: AEGEAN AIRLINES AGNr.AT The Greek airline has cancelled flights to and from Beirut until Dec.
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Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Updates Air France and Emirates Oct 30 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have cancelled services to and from the region: AEGEAN AIRLINES AGNr.AT The Greek airline has cancelled flights to and from Beirut until Dec.
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European airlines struggle with plane delays, high costs in Q3

UPDATE 1-European airlines struggle with plane delays, high costs in Q3 Lufthansa expects five-year delay on Boeing 777X deliveries Airlines forced to fly older models Lufthansa reports results on Oct. 29 Air France-KLM hit by lower ticket bookings tied to Paris Olympics BA to cancel some long-haul flights due to engine delivery delays Updates with Lufthansa statement in paragraphs 8-9 By Joanna Plucinska LONDON, Oct 28 (Reuters) - Europe's major airlines including Lufthansa and Air France-KLM a
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Airlines suspend flights as Middle East tensions rise

FACTBOX-Airlines suspend flights as Middle East tensions rise Updates Lufthansa, LOT and Pegasus; adds Corendon Oct 28 (Reuters) - Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have cancelled services to and from the region: AEGEAN AIRLINES AGNr.AT The Greek airline has cancelled flights to and from Beirut until Dec.
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