GENEVA, Dec 10 (Reuters) - Global airlines on Tuesday raised their profit forecast for 2025 compared to the prior year, projecting industry-wide revenues at more than a trillion dollars for the first time and a record 5.2 billion passengers globally despite ongoing supply chain woes. Airlines around the world have seen their growth hampered by difficulties at planemakers Boeing (...

GENEVA, Dec 10 (Reuters) - The head of the global airline body IATA Wille Walsh voiced frustration at supply chain bottlenecks on Tuesday, blaming aviation manufacturers for failing to address them and warning that the industry would ramp up pressure. We've been patient. We've given them time. I think our patience has run out. The situation is unacceptable, the head...

04:37 AM EST, 12/10/2024 (MT Newswires) -- American International Group ( AIG ) said late Monday it has closed its $3.8 billion sale of a 21.6% stake in Corebridge Financial ( CRBG ) to Nippon Life Insurance. The company previously announced the sale of about 120 million shares of Corebridge Financial ( CRBG ) that it owned to Nippon Life...

04:28 AM EST, 12/10/2024 (MT Newswires) -- Onsemi (ON) said Monday it has agreed to acquire Qorvo's technology business for $115 million in cash to expand its market opportunity at a time when workloads based on artificial intelligence are becoming more complex and energy-intensive. The company said the acquisition of the Silicon Carbide Junction Field-Effect Transistor technology includes the United...