Lufthansa, Wizz slide on cost pressures, capacity plan pullbacks
Deutsche Lufthansa AG and Wizz Air Holdings Plc slid after reporting robust quarterly results, as investors focused in on capacity constraints and cost pressures that…
Wizz Air scales back growth plans on engine woes, yields
Wizz Air Holdings Plc scaled back its growth plans citing engine issues as well as a desire to increase yields, even as it reported fiscal…
Boeing supplier Spirit Aero slides most in three years as cash burn tops $200 million
Spirit AeroSystems Holdings Inc. shares sank 27%, the most since 2012, after the aerospace manufacturer said its cash flow won’t fully recover next year as…
American Air in talks with Airbus, Boeing for 100-jet deal
American Airlines Group Inc. is in talks with Airbus SE and Boeing Co. to order at least 100 narrowbody jets to replace some of the…
U.S. airlines’ June 2023 fuel cost per gallon down 0.7% from May 2023; aviation fuel consumption down 1.1% from pre-pandemic June 2019
The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ June 2023 fuel cost and consumption numbers indicating U.S. scheduled service airlines…
IndiGo profit beats forecast as fuel cost drops, demand jumps
IndiGo, India’s biggest airline, reported a bigger-than-expected net profit for the first quarter through June as travel demand grew and fuel costs declined.
Jet service Volato to go public via SPAC with new funding
Aviation company Volato is going public via a blank-check transaction valuing the combined company at $261 million on an enterprise basis in a deal paired…
AirJapan to begin Tokyo-Bangkok flights in February with fares low as $109
ANA Holdings Inc.’s new economy-class brand AirJapan will start operating from Feb. 9 with flights between Tokyo Narita and Bangkok.
JetBlue’s profit warning fuels concern over US travel demand
JetBlue Airways Corp. slashed its full-year profit forecast over signs of a slowdown in domestic demand, becoming the latest carrier to warn of a shift…
CPaT to provide distance learning solutions to Pakistani airline, Airblue
CPaT Global, the world’s leading provider of distance learning for the airline and aviation industry, today announced they have been awarded a new contract with…
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