Airline shares battered, airfares surge as Iran war pushes oil above $100
- 09-Mar-2026
Airline stocks were hammered on Monday, while airfares soared as the U.S.-Israeli war on 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 $105 a barrel, hitting levels not seen since 2022 as some major producers cut […]
Saudia Advancing Saudi Vision 2030 with Major Milestones
- 13-Feb-2025
Saudia, the national flag carrier of the Kingdom of Saudi Arabia, continues to lead the way in advancing the Kingdom’s Vision 2030, showcasing a strong commitment to the nation’s aviation goals throughout 2024. Through innovation, network expansion, and strategic collaborations, Saudia reinforces its pivotal role in supporting the Kingdom’s broader objectives of enhancing global connectivity, […]
How Airlines Achieve Profitability: An In-Depth Look at the Aviation Business Model
- 31-Oct-2024
The airline sector, often viewed as a glamorous industry, presents a multifaceted business landscape that comes with distinct obstacles and strategies. To grasp how airlines make profits, we need to explore their complex business model. Main Sources of Revenue: Ticket Sales: Dynamic Pricing: Airlines use advanced algorithms to modify ticket prices based on various factors […]
Airline hails ‘new era’ as it exits bankruptcy process
- 28-Aug-2024
SAS said on Wednesday it has exited U.S. Chapter 11 bankruptcy proceedings, with the Scandinavian airline’s CEO hailing a “new era” with a stronger balance sheet and new owners. Sweden-based SAS restructured debt of more than $2 billion, adjusted its fleet and delisted its stock in a process that wiped out the stakes of its […]
Airlines try to leverage Boeing woes
- 14-Mar-2024
Airline executives are frustrated with Boeing as its safety crisis has upended their business plans. But in a tight market for large aircraft supplied by two companies, they have little choice but do business with the U.S. planemaker. Despite some public displays of alarm – United Airlines CEO Scott Kirby flew to France to talk […]
JetBlue, Spirit Airlines call off merger
- 04-Mar-2024
Low-cost air carriers JetBlue Airways and Spirit Airlines canceled their $3.8-billion merger agreement on Monday, seeing no path forward after a U.S. judge blocked the deal in January on anti-competition concerns. A successful deal would have created the fifth-largest carrier in the United States and helped Spirit ensure its survival, but the deal had been […]
“We are cleaning up diapers vomit without being paid”: flight attendants
- 21-Dec-2023
CHICAGO/MONTREAL: The compensation system for flight attendants in the U.S. and Canada is under attack in new contract negotiations that could lead to big pay raises for cabin crews, but higher costs for airlines. Thousands of cabin crews at carriers in both countries are demanding to be paid for more of their hours at work […]
flydubai announces plans for MRO facility
- 15-Nov-2023
flydubai announced today, at a press conference held during the Dubai Airshow, its plans for a purpose-built USD 190 million MRO facility in Dubai South by 2026. The signing ceremony with the Mohammed bin Rashid Aerospace Hub (MBRAH) was attended by His Excellency Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai […]
Airline assesses final bids for its bail-out from bankruptcy
- 26-Sep-2023
Scandinavian airline SAS said on Tuesday it was evaluating final bids in an equity fundraising that closed a day earlier, and which is part of an ongoing bankruptcy protection process. The Sweden-listed company, which has been under U.S. “chapter 11” bankruptcy protection since July 2022, has since June extended the deadline for final bids twice, […]
Airline cuts flights as pilots quit, flags shutdown risk
- 20-Sep-2023
Indian budget airline Akasa Air has been forced to cut flights in the short-term after many of its pilots quit abruptly, sparking a legal dispute in court where the company has warned that further resignations may even force it to shut down. A small set of pilots “abandoned their duties” and left without serving their […]