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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

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Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

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Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
IATA

2015 Was One of the Safest Years Ever For Flying

By
Jonathan Chew
Jonathan Chew
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By
Jonathan Chew
Jonathan Chew
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February 15, 2016, 4:04 PM ET
SWITZERLAND-IATA-AIRLINE-BUSINESS-EARNINGS
An Air France passenger jetliner takes off from Geneva International Airport, as the moon is seen in the distance, on December 10, 2014. Global airline association IATA on December 10 raised the sector's profit forecast to a record $19.9 billion for 2014 and $25 billion for 2015, as plunging oil prices drive down costs. AFP PHOTO / FABRICE COFFRINI (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)Photograph by Fabrice Coffrini — AFP/Getty Images
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The number of commercial airline fatalities and accidents were well below the average for the last five years, according to a report.

That number, however, excludes both the Germanwings 9525 and the Metrojet 9268 crashes as they were both regarded as “deliberate acts of unlawful interference,” said the International Air Transport Association in a statement released on Monday. Pilot suicide and terrorism are respectively and widely blamed for both crashes.

Instead, the organization—which represents 260 airlines comprising 83% of worldwide air traffic—said last year’s global jet accident rate, measured in hull losses per 1 million flights, was the equivalent of one major accident for every 3.1 million flights. That was a 30% improvement over the previous five-year rate.

There were also four accidents resulting in 136 passenger fatalities in 2015, all of which involved turboprop aircraft. In comparison, the previous five-year period of 2010 to 2014 had an average of 17.6 fatal accidents and 504 fatalities per year.

“In terms of the number of fatal accidents, it was an extraordinarily safe year. And the long-term trend data show us that flying is getting even safer,” said Tony Tyler, IATA’s director general and CEO, in the statement.

This announcement comes after IATA cut its long-term forecasts for passenger traffic growth last November, citing lowering demand from China and “negative developments in the global economy.”

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