Airline Industry News
A collection of Airline latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Iran crisis 'akin to post-9/11' for airline industry
Air fares are soaring as the crisis engulfing airlines sparked by the Iran war is ‘akin to post-9/11', a global aviation chief said yesterday. Speaking at an industry summit in Brussels, former BA boss Willie Walsh said tickets on US-UK…
Southwest Airlines Co. stock underperforms Friday when compared to competitors
Shares of Southwest Airlines Co. LUV slid 3.57% to $39.41 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 1.51% to 6,506.48 and Dow Jones Industrial Average DJIA falling…
Iran war triggering UK staycation boom as bookings 'up 235%' amid airline crisis
Brits are looking again at holidays closer to home this summer as fears grow that the could ground flights and spike plane ticket prices by up to 50%. Aviation bosses are said to be growing increasingly worried that the closure of the Strait of…
What the Iran war means for US airlines, according to United, Delta, and American's CEOs
Airline bosses are raising ticket prices to keep turning a profit due to the Iran war. That was the main message from the Big Three airlines — Delta, United, and American — whose CEOs spoke Tuesday at a JP Morgan conference. While oil…
United Airlines planning to cut flights amid soaring oil prices
United Airlines is cutting a total of about 5 percent of flights as the price of oil soars amid the ongoing U.S.-Israeli war with Iran, CEO Scott Kirby said on Friday. The Chicago-based carrier said it would cancel roughly 3 percent of 'off-peak'…
UK airline plunged into administration after 28 years - all flights cancelled
A UK airline has plunged into administration having been in business since 1997. Eastern Airways first suspended operations in October before entering administration in November. It had been based at Humberside Airport in North Lincolnshire and…
Stock Movers: Super Micro, Newmont, Delta Airlines
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…
How hard will the Middle East conflict hit flight prices? Airline bosses weigh in
Two Irishmen and an Englishman go to Brussels. That isn't the start of a joke: it's what happened on Thursday this week, at the annual Airlines for Europe summit in the Belgian capital. The Irishmen each have decades of experience in aviation:…
United Airlines to cut more flights as it eyes oil above $100 through 2027
CEO Kirby says United to cut 5 percentage points of planned capacity this year. Kirby warns oil could rise as high as $175 a barrel. CEO says United's annual fuel bill could rise by $11 billion. United maintains growth strategy despite near-term…
Major international airline plunges into liquidation - no more flights
Royal Air Philippines has plunged into liquidation A prominent airline has unexpectedly grounded its entire commercial operation after entering liquidation. Following more than two decades of service, Royal Air Philippines shut down earlier this…
Why many aircraft do not belong to the airlines
Although many aircraft bear the logo of an airline, they do not actually belong to it. A leasing market worth billions finances the fleet and keeps airlines flexible. One company in particular has revolutionized aviation. More than 50 percent of…
Airlines Push Back Against 60% Free Seat Order, Warn Govt Of Higher Fares
New Delhi: India's leading airlines have escalated their opposition to the Centre's directive mandating 60 per cent free seat selection, warning regulators of a wider impact on the aviation sector and urging an immediate rollback of the order. The…
Allegiant Travel (ALGT), Sun Country Airlines (SNCY) Receive US Antitrust Clearance for Proposed Merger
Allegiant Travel Company (NASDAQ: ALGT) is one of the most promising stocks under $100 to buy. On March 16, Allegiant Travel Company and Sun Country Airlines (NASDAQ: SNCY) announced the early termination of the waiting period under the…
As Global Fuel Prices Rise, United States Airlines Project Confidence
As the war in Iran continues, global fuel security appears threatened. The closing of the Strait of Hormuz has left many industries reeling from higher prices, which are expected to hit demand sooner or later. However, airlines in the United States…
Chaos as European airline 'offers crew £14k to resign'
The European airline is hoping to tackle excess staffing through voluntary redundancies A major European airline is offering crew members over £14,000 to voluntarily hand in their notice, reports suggest. Swiss Airlines, a subsidiary of…
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