Airline Industry News
A collection of Airline latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Airline Stocks Get Boost on Report of Spirit Airlines Planning to Shut Down
The gains were most pronounced for other low-cost carriers. Shares of Frontier Group Holdings were up 13% to $4.09, while JetBlue Airways stock also advanced 13% to $5.25. Larger carriers also saw their shares gain. Delta Air Lines gained 3.6%…
No to a Spirit Airlines bailout
President Donald Trump is currently considering a bailout or partial nationalization of the floundering budget airline Spirit Airlines. The president's instinct to intervene is the same instinct that led Spirit down the path that resulted in two…
Spirit Airlines prepares to cease operations amid financial struggles and high oil prices
Spirit Airlines is preparing to cease operations after the beleaguered company ran out of cash and a rescue attempt by the Trump administration appeared to stall. The company struggled to make a deal with its creditors and secure funding to…
Don't put taxpayers on the hook for subsidizing low-budget airlines
That should have been the end of it. Instead of taking the outcome as a signal that intervention had already gone too far, the Trump administration is now considering a bailout that could leave taxpayers owning most of the company. In other words…
Frontier and JetBlue positioned to lead as Spirit Airlines fades
Shares of JetBlue Airways and Frontier Airlines jumped sharply on Friday morning after a Wall Street Journal report said Spirit Airlines is preparing to shut down operations, sending shockwaves through the aviation sector. JetBlue rose 7.4 percent…
Rival airlines 'stand ready to assist' Spirit Airlines customers
Several major airlines said Friday that they'll aid Spirit Airlines customers if the budget carrier suddenly goes out of business. Why it matters: Spirit is said to be on the verge of ceasing operations after failing to land a government bailout…
Spirit Airlines Is Reportedly Preparing to Shut Down - TT
Spirit Airlines airplanes at Fort Lauderdale-Hollywood International Airport. (Eva Marie Uzcategui/Bloomberg) Spirit Aviation Holdings Inc. is laying the groundwork to shutter its operations as it runs increasingly low on cash, according to people…
SpaceX spending on Starship tops $15 billion in rush for airline-like rocketry
SpaceX has spent more than $15 billion developing its next-generation Starship rocket, according to the company's IPO registration reviewed by Reuters, a sum that dwarfs the cost of its workhorse Falcon rocket as Elon Musk's space company nears a…
United's Scott Kirby Has a Point About Airline Mergers
This article is for subscribers only. To get Industrial Strength delivered directly to your inbox, sign up here. The airplane manufacturing industry is effectively a duopoly split between Boeing Co. and Airbus SE. There are less than a handful of…
Spirit stock plunges on reports that the budget airline could shut down as bailout talks stall
The move: Spirit Aviation stock had a rollercoaster ride on Friday as investors consider the likelihood of a government bailout. Shares of the budget air carrier fell as much as 72% to $0.39, plummeting into penny stock territory after closing at…
Trump Says He's Still Considering Deal for Spirit Airlines - TT
President Donald Trump said the federal government was still looking at a rescue plan for Spirit Airlines and would offer a final proposal. “If we could do it, we'd do it, but only if it's a good deal,” Trump told reporters May 1 at…
All the airlines cancelling flights and adding extra charges amid jet fuel crisis
Budget airline Spirit Airlines is reportedly on the verge of collapse, after failing to secure crucial financial backing from the government. Like many airlines, Spirit is grappling with intense pressure from soaring fuel costs, which have roughly…
Spirit Airlines prepares to shut down after Trump bailout falls through
Spirit Airlines is preparing to shut down after failing to secure the critical financial support from the government needed to keep operating. The struggling budget airline had been negotiating with the Trump administration for a $500 million…
All the airlines cancelling flights and adding extra charges amid jet fuel crisis
United Airlines and Lufthansa are among the airlines forced to mull raising air fares and scrapping flights following a dramatic surge in jet fuel prices, driven by the U.S.-Israeli conflict with Iran. United's CEO announced the airline may need to…
Southwest Airlines Co. stock underperforms Thursday when compared to competitors despite daily gains
Shares of Southwest Airlines Co. LUV rose 1.88% to $37.92 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.02% to 7,209.01 and the Dow Jones Industrial Average DJIA rising…
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