Airlines
IAG Drops Plans to Acquire Air Europa
IAG is once again scrapping its plans to acquire Air Europa after it seemed likely that regulators would reject the deal.
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Airlines
Is the Profit Party Over? Wizz Air Reports 44% Drop in Earnings as Aircraft Groundings Bite
Wizz Air joins a growing list of airlines to report a steep drop in profits for the last quarter. It remains to be seen if this is a benign correction or the start of something more significant.
Airlines
Amadeus Pushes Forward on Tech Initiative Despite American Airlines Setback
Amadeus isn’t relying on the business from its next-generation distribution tech for now. It’s up to airlines to choose how they want to use it.
Airlines
Biden Administration Proposes Rule to Ban ‘Junk Fees’ for Family Seating
If finalized, the rule would ban airlines from charging fees to assign seats to children aged 13 or younger next to their parents or an accompanying adult.
Airlines
Spirit Posts ‘Disappointing’ Revenues as CEO Promises Change
With 'transformational' changes to its business model announced earlier this week, Spirit will be hoping that these numbers are the start of a long-term shift for the troubled airline.
Airlines
Delta and United Suspend Flights to Tel Aviv Amid Rising Tensions in the Middle East
U.S. carriers are halting flights to Tel Aviv after the killing of a Hamas political leader sparked concerns that a war could break out in the region.
Airlines
Delta Expects $500 Million Hit From CrowdStrike Outage
Delta CEO Ed Bastian told CNBC that the carrier had “no choice” but to seek damages from CrowdStrike for the outage.
Airlines
Boeing Names Kelly Ortberg as New President and CEO
Ortberg is an industry veteran with more than 35 years in the aerospace sector. Heading up Boeing will be his biggest challenge yet.
Airlines
India Is Trying to Make Air Travel Affordable, But How? - India Report
India's aviation sector is expanding and people from smaller cities are increasingly looking to fly. Keeping airfares in check is key to ensuring that air travel remains accessible to the Indian middle class, particularly as it makes up for about a third of the country's population.
Airlines
JetBlue Posts Surprise Profit as New Strategy Starts to Pay Off
JetBlue’s strategy of cutting unprofitable routes and focusing on its core markets is starting to see returns — the carrier unexpectedly reported a profit in the second quarter.