Airline Industry News
A collection of Airline latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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.
Airbus Set to Secure Widebody Order From Scandinavian Airlines
Airbus SE is closing in on a widebody order from SAS AB as the Scandinavian carrier seeks to lock in delivery slots and expand its long-distance network. The airline is looking at a mix of the Airbus A330neo and the more advanced A350, with about…
Global Airline Summit: Fuel Costs and Aircraft Shortages Threaten Record Profit Outlook
Global airline chiefs open their annual summit in Rio de Janeiro on Saturday 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 cushion the blow with…
Philippine Airlines Just Announced It Will Join Oneworld-A Major New Asia Partner For American Airlines Flyers
Philippine Airlines announced today that it will join the oneworld alliance spearheaded by American Airlines, British Airways, and Qantas next year. “This is a defining and transformative moment for Philippine Airlines,” said PAL…
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…
Aviation industry looks skywards as leaders fly in for Rio summit
Nothing says jet fuel crisis, as one prospective attender put it, like flying everyone to Rio de Janeiro. Aviation leaders will converge in Brazil this weekend for the Iata AGM, the annual global airline summit, with the industry still, for the…
Philippine Airlines to Join oneworld Alliance in 2027
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Cool Surprise: Philippine Airlines Joining Oneworld Alliance In 2027
Lately we're not seeing a whole lot of action with the “big three” global alliances, when it comes to airlines being added, at least compared to a decade or two ago. So along those lines, there's a pretty awesome development, as…
Airline Lost Your Bag? Don't Settle For A $50 Voucher - You Can Claim Up To $4,700
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American Airlines Flight Attendants Say Their Union Contract Shortchanged Them - Now They're Suing For Overtime Pay
There's been a rash of lawsuits by flight attendants against airlines for paying them exactly what their union contract proscribes. Airlines negotiate with their unions over wages nationwide (most of Delta is non-union, though). But flight…
Bank of New York Mellon Corp Increases Stock Holdings in Southwest Airlines Co. $LUV
Bank of New York Mellon Corp lifted its stake in shares of Southwest Airlines Co. (NYSE:LUV - Free Report) by 40.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund…
BI Asset Management Fondsmaeglerselskab A S Acquires 76,133 Shares of United Airlines Holdings Inc $UAL
BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 74.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and…
Bank of New York Mellon Corp Has $153.34 Million Holdings in United Airlines Holdings Inc $UAL
Bank of New York Mellon Corp trimmed its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned…
US budget carrier Breeze Airways sets sights on 2027 IPO
RIO DE JANEIRO: US low-cost domestic carrier Breeze Airways is targeting an initial public offering (IPO) in 2027, its Chief Executive David Neeleman said on Saturday (Jun 6), noting the plan depends on market conditions. The carrier considered an…
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