Airline Industry News
A collection of Airline latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
EU airline industry fears fuel shortages if Strait of Hormuz stays closed
Europe will suffer jet fuel shortages in just three weeks if the the Strait of Hormuz does not reopen, the trade body for the continent's airports has warned. The Persian Gulf is a major source of aviation fuel, accounting for about 50% of Europe's…
Airlines Can Handle Iran Turbulence, But…
The “TACO trade” is especially lucrative if you know the news ahead of time. The White House asked staff not to use such information after a number of suspicious prediction markets bets. Those of us without the inside scoop can just…
Price hikes, outlook cuts - What airlines are doing as fuel costs surge
A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise financial outlooks. SCROLL TO CONTINUE WITH CONTENT Jet fuel prices have soared from $85 to $90…
American Airlines announces bag fee hike and basic economy fare update
American Airlines is raising its checked baggage fees, with those traveling on a 'Basic Economy' ticket being charged extra fees, including on select flights to South America, the carrier announced on Thursday. The airline said in a statement:…
Spencer Jakab | Airlines Are Going to Be OK, But Just OK
The longer disruptions from the Middle East war last, the more airline capacity will have to fall worldwide, either by design or because people decide flying is too expensive. The blow to sales and income is bad, but not catastrophic, I write in my…
Airlines nationwide are raising bag fees. See who's charging more
WASHINGTON — Airlines across the U.S. are raising checked bag fees, as carriers look for ways to offset rising fuel costs tied to ongoing global tensions. Around the world, airlines have been grappling with volatile oil markets as fighting…
Airlines hike fees: Here's what it costs to check a bag now
(NewsNation) — Jet fuel costs have surged since the war with Iran began, prompting major airlines to raise baggage fees and trim schedules. American Airlines on Thursday became the latest U.S. carrier to hike checked bag fees, following…
Turkish Airlines Replaces Management, Names New CEO and Chairman
Turkish Airlines carried out a sweeping management overhaul by replacing its chief executive officer and chairman, installing a new leadership team as the global aviation industry grapples with flight restrictions and high fuel costs. The carrier…
United Airlines Holdings Inc. stock outperforms competitors on strong trading day
Shares of United Airlines Holdings Inc. UAL rose 1.42% to $97.67 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.62% to 6,824.66 and the Dow Jones Industrial Average…
American Airlines raises bag fees as jet fuel costs continue to rise
Nation/World American Airlines is the latest air carrier to hike prices for checked bag fees as higher fuel costs take hold of the airline industry. WASHINGTON — American Airlines announced it's raising fees for checked bags, becoming the…
The Scoop: Airlines explain the reason for higher baggage fees
Problems keep piling up at airports. After dealing with long security lines due to a lack of government funding, travelers are now facing higher fees. In recent days, several major airlines from Delta to American to JetBlue have hiked the price of…
Airports could face a jet fuel crunch within 3 weeks as airlines weigh flight cancellations
ACI Europe has warned that a potential jet fuel shortage will have 'harsh economic impacts.' Peak travel season is set to be hit by the fuel crunch if the Strait of Hormuz doesn't reopen. Airlines are enforcing several measures to tackle increased…
Southwest Airlines Limits Passengers To One Portable Charger On Flights
Southwest Airlines is limiting passengers to one lithium portable charger each - 'to strengthen our ability to contain and mitigate lithium battery incidents, including reducing the risk of battery fires,' the airline said in a Tuesday statement.
Southwest Airlines: Upgraded To Buy Despite Oil Shock (NYSE:LUV)
Southwest Airlines Co. faces significant headwinds from higher oil prices, inflation, and GDP pressures, but strategic cost management could offset these challenges. Despite trading at 10.7x EV/EBITDA, LUV could see a price target of $53.52 in a…
New Fees Hit Major Airline Flyers As Fuel Prices Continue To Rise
As jet fuel costs continue to rise, a couple of the most reliable U.S. airlines are raising their checked baggage fees to help offset some of the financial burden. Delta Air Lines and Southwest Airlines have announced that, starting April 8 and 9…
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