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 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…
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…
Travel expert flies on 'world's worst airline's' revamped aircraft
READ MORE: The UK's worst airlines REVEALED – with 'outrageous' budget carriers blasted for poor experiences Air India has been ranked as one of the world's worst airlines for over a decade. Last year, one of the airline's planes suffered a…
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…
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…
Cost of flights surges up to seven times higher as oil crisis hits airlines
The aviation sector faced major turbulence on Monday as airline stocks plummeted and airfares surged, driven by a sharp rise in oil prices amid the escalating US-Israeli conflict with Iran. Crude oil prices soared by 15 per cent, surpassing $105 a…
Airfares up, airline stocks down as Iran war spikes oil
Airline stocks were hammered on Monday, while airfares soared as the US-Israeli war with Iran sent oil prices surging, sparking fears of a deep travel slump and the potential for the widespread grounding of planes. Oil prices jumped 15% to above…
Airfares are likely to rise': Rising jet fuel costs send airline stocks reeling
Airline stocks sold off Monday as grounded flights and a spike in crude oil prices fueled concerns about shrinking profits from higher jet fuel costs. Shares of Delta Air Lines (DAL) dropped 5% before paring losses. American Airlines (AAL) declined…
Major airline extends suspension of Middle East flights as Iran war rages
Air France-KLM says it is extending its suspension of flights to and from Middle East airports as the Iran war rages. The airline said flights to and from Dubai and Riyadh will be suspended until March 12, and flights to and from Tel Aviv and…
American Airlines (AAL) Unveils $1B Expansion Plan for Miami International Airport
American Airlines Group Inc. (NASDAQ: AAL) is one of the cheap stocks that will go to the moon according to Reddit. On February 25, American Airlines and Miami-Dade County unveiled a $1 billion expansion plan for a reimagined Concourse D at Miami…
Airfares set to take off as airlines hit by soaring jet fuel prices
Australian travellers should brace for higher international airfares as airlines warn that a sharp spike in oil prices, triggered by the escalating Middle East conflict, is driving up jet fuel costs and will likely lead to higher ticket prices. On…
MH370 missing flight: Malaysian Airlines closes latest search, Pune man still waits for answers
Every March 8, the world celebrates International Women's Day. For Prahlad Shirsath, a Pune-based social worker, the date is the most painful of the year. It is the day his wife Kranti Shirsath boarded Malaysia Airlines flight MH370 from Kuala…
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