Airline Industry News
A collection of Airline latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Airline Group Forecasts Sharp Profit Drop as Fuel Prices Surge
The global airline industry will suffer a sharp profit drop this year, bringing in only about half the collective earnings previously predicted, as fuel costs and the war in Iran take their toll on air travel, the main aviation federation said.
United Airlines CEO Rips Into Rolls-Royce for Lack of Support
United Airlines Chief Executive Officer Scott Kirby tore into engine supplier Rolls-Royce Holdings Plc at an annual gathering of industry executives, blasting the UK company for what he called a lack of support as the two companies tussle over a…
High fuel costs to trigger airline failures and consolidation, industry chief says
RIO DE JANEIRO: Soaring jet fuel prices driven by conflict in the Middle East are likely to push more airlines into bankruptcy and spur more sector consolidation this year and next, the head of the global airline body said on Saturday (Jun 6).
Airline CEO who counted cards now bets premium perks can win over fliers
United Airlines CEO Scott Kirby has argued that travelers will pay more for a better overall flying experience, and United's numbers suggest his theory is correct. Years ago, Kirby was a serious and successful gambler who learned to count cards.
UK airline plunges into administration - all flights cancelled
Bournemouth based European Cargo has collapsed into administration A Dorset-based airline has collapsed into administration, leaving 178 people jobless. Citing rising fuel costs and reduced flying activity, Bournemouth- based European Cargo Limited…
Airlines seek six-month advance notice for recurring airspace restrictions
India's airline industry has asked the Centre to give at least six months' advance notice before imposing airspace restrictions for recurring events such as Republic Day, saying that last-minute announcements force flight schedule changes…
Airline profits to halve amid jet fuel price surge
RIO DE JANEIRO – Airline profits are predicted to take a hit in 2026 with a 70 per cent increase in jet fuel prices resulting from the war in the Middle East, said the International Air Transport Association (IATA). The combined net profit…
Allegiant Bought An Airline To Sell A Credit Card
Allegiant says the credit card is the real prize in its Sun Country deal. With United, Breeze, and American trimming service, the bet could hit turbulence. Allegiant completed its acquisition of Sun Country on May 13, a $1.5 billion deal including…
IATA cuts 2026 airline profit forecast amid rising fuel costs
The global airline industry nearly halved its 2026 profit forecast on Sunday, citing conflict in the Middle East that has driven up fuel costs, disrupted key air corridors and exposed the fragility of a sector operating on…
American Airlines 'Permanently' Cancels Doha Flights, After Four Years
While this service has been suspended for several months due to the Iran conflict, it now looks like this is no longer a suspension, but a cancellation. American Airlines no longer plans to resume its flight between Philadelphia (PHL) and Doha…
Airline chiefs grapple with fuel shock, fare test at Rio summit
RIO DE JANEIRO: Global airline chiefs open their annual summit in Rio de Janeiro on Saturday (Jun 6) facing a sharper test of the industry's post-pandemic recovery, as the Iran war drives up fuel costs and disrupts airspace while carriers try to…
Starlux Airlines Wants To Join Oneworld Alliance, But Is Being Blocked
Taiwan's Starlux Airlines is a fast growing airline that was founded just before the pandemic. The airline now has a fleet of A321neos, A330-900neos, and A350-900s, and is quickly expanding. In terms of service to the United States, the airline…
Philippine Airlines to Join oneworld Alliance in 2027
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United Airlines Holdings Inc $UAL Stock Position Lifted by WINTON GROUP Ltd
WINTON GROUP Ltd boosted its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 59.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,259 shares of the…
Capital International Investors Sells 3,815,497 Shares of United Airlines Holdings Inc $UAL
Capital International Investors lessened its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The…
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