Airline Industry News
A collection of Airline latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Major airline plunges into administration as all flights and bookings cancelled
A major airline has entered administration, and all of its flights have been grounded. More than 3,000 passengers have been affected after Royal Air Philippines was forced to cancel all of its commercial flights. Between 3,000 and 4,000 passengers…
Major airline announces huge update on UK rescue flights from Middle East
A major airline has given an update on its rescue flights with the Middle East conflict continuing to rage. There have been thousands of Brits who were left stranded in the region following the outbreak of the conflict but now 11 days on, British…
Major airline grounds all flights to all destinations after 'system outage
A major airline has requested that all its flights be grounded. The Federal Aviation Administration in the US grounded all JetBlue flights following a request from the airline, the agency said on Tuesday morning. The ground stop impacted flights to…
All the airlines cancelling flights to the Middle East amid Iran crisis
Global air travel faces severe disruption, with conflict in Iran forcing the closure of key Middle Eastern hubs like Dubai, Doha, and Abu Dhabi, stranding tens of thousands. The biggest airline in the Gulf, Emirates, is resuming flights at scale…
Stock Movers: Vail, US Airlines, Hims
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street. Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for…
Jet fuel surge hits Asia's airlines, carriers raise surcharges
KUALA LUMPUR: Airlines in Asia are reviewing fares and operational plans as rising jet fuel prices linked to escalating conflict in West Asia begin to ripple across the aviation industry, with some carriers already introducing fuel surcharge…
Spirit Airlines bringing back furloughed pilots -- report (FLYYQ:OTCMKTS)
Spirit Airlines (FLYYQ) is bringing back all of its furloughed pilots in an effort to “strengthen the foundation” of the carrier's post-bankruptcy future and “meet the evolving needs of the business.” Shares of Spirit…
No Jet-Fuel Hedge Makes AirAsia Worst-Performing Airline Stock
Low-cost carrier AirAsia X Bhd is paying a steep price for its wrong-way bet on jet fuel. Management's decision not to hedge when oil was cheap has backfired after the Iran war, and the company is now the worst-performing airline stock in the…
Iran War Has Airlines Reviewing Growth Plans as Fuel Costs Surge
Until last month, airlines couldn't get new aircraft fast enough, with both Airbus SE and Boeing Co. struggling to keep up with surging demand. The 10-day war in Iran has upended that outlook, as carriers weigh the implications on travel demand…
Airlines begin to hike fares due to higher fuel prices, shares stabilise
AIR New Zealand said on Tuesday it has raised fares due to the Middle East conflict and may take further pricing action, underscoring how global airlines will seek to pass on the costs of higher oil prices to passengers. Jet fuel prices, which were…
Spirit Airlines to recall furloughed pilots to combat attrition as carrier eyes bankruptcy exit
Spirit Airlines furloughed hundreds of its pilots but is now calling them back due to a shortage after aviators left the airline, many for other carriers, according to a memo reviewed by CNBC. The company last year filed for Chapter 11 bankruptcy…
Stock Market Today, March 9: American Airlines Rises as Oil Prices Fall
American Airlines Group (AAL +2.33%), closed at $11.44, up 2.33% today, erasing some of the month's losses as oil prices moved lower. The stock moved as markets reacted to a potential end to the conflict in Iran. Trading volume reached 152.4…
Airline SAS hikes prices on higher jet fuel cost following Iran war
COPENHAGEN: Scandinavian airline SAS said on Tuesday it had temporarily increased prices due to rising jet fuel costs as the Iran war and the closing of the Strait of Hormuz drove up oil prices. The price of crude surged as much as 29% on Monday to…
Price Hikes, Outlook Cuts: What Airlines Are Doing As Fuel Costs Surge Amid Iran War
Price Hikes, Outlook Cuts: What Airlines Are Doing As Fuel Costs Surge Amid Iran War | Image: Reuters A surge in jet fuel prices, driven by the ongoing U.S.-Israeli war on Iran, has upended the global aviation industry, prompting airlines to raise…
Gulf airlines grapple with long-term cost of war
Services are gradually picking up at the Gulf's main airports, though a fresh barrage of Iranian drones could quickly force them to close again. The uncertainty of war is prompting some airlines to put expansion plans on hold while they assess the…
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