Saudi Arabia’s wealth fund eyes Flynas stake to bolster tourism
Saudi Arabia’s sovereign wealth fund is in talks to buy a stake in Flynas, a low-cost carrier that’s a key pillar of the kingdom’s attempts…
American Airlines sees topping profit forecast as global demand grows
American Airlines Group Inc. said its second-quarter profit may exceed Wall Street projections as international demand builds headed into the peak summer season.
ANA rebounds from Covid with first annual profit since 2020
ANA Holdings Inc. reported operating income of 120 billion yen ($897 million) for the full year through March, its first annual profit since the 12…
Why flying is so expensive and likely to remain that way
The worst of the pandemic has subsided, countries are accessible again and airlines expect decent profits now that business and leisure travel has returned. Why,…
AMLO’s plan to revive Mexicana Airline inches closer in congress
Mining reform likely to be delayed until September on details, Mexico Senate leader says in an interview
Asia-Pacific airline capacity recovery accelerates by 27% in Q1 2023
IBA’s Aviation Industry Barometer for March 2023 found that Asia-Pacific airline capacity reached 83% of 2019 ASKs in March 2023 – a jump of 27%…
Mexico congress to allow state-operated airlines, Monreal says
Mining reform likely to be delayed until September on details, Mexico Senate leader says in an interview
GE’s profit beats Wall Street’s expectations as CEO’s turnaround takes hold
General Electric Co. beat Wall Street’s estimates for profit, sales and cash flow in the first quarter and boosted the low end of its annual…
Travelers lose ultra-cheap first class tickets after ANA cancellation
ANA Holdings Inc. is canceling flight tickets that were sold at bargain-basement prices last week following a currency conversion error on its Vietnam website.
Low-cost airline Kingpin prepares for life after AirAsia
One of the best-known names in global aviation is preparing to step back from the front lines.
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