Jazeera Airways reports KD6.27 million (US$20.37m) net profit for first half 2023
• Strong passenger growth of 2.1 million, load factor up by 4.1% to 78.1% • Group revenues at KD97.8 million (US$317.85m), up 26.1% • Board…
Ethiopian Air-backed carrier to start in Nigeria by October
An airline established by Ethiopian Airlines Group in partnership with institutional investors and the Nigerian government plans to start operations in the West African nation…
Cathay unseats Singapore Air as stock winner on travel revival
A reversal in the fortunes for shares of Cathay Pacific Airways Ltd. and Singapore Airlines Ltd. may extend further as Hong Kong’s flagship carrier springs…
Southwest pilots lose bid to be freed from contract talks
Southwest Airlines Co. pilots were denied a request to halt contract talks with the carrier, a step that could have brought them closer to a…
Spirit Air expects more groundings as Pratt engine fallout grows
Spirit Airlines Inc. has grounded seven planes due to problems with its Pratt & Whitney engines and the carrier expects to take more aircraft out…
Cathay Pacific nears lease deal for 18 Airbus A321neos
Cathay Pacific Airways Ltd. is closing in on a deal to lease 18 of Airbus SE’s largest single-aisle aircraft to bolster its short-haul fleet, according…
Airlines slash prices to convince Americans to vacation closer to home
JetBlue Airways Corp., Alaska Air Group Inc. and other US carriers expected the post-pandemic travel boom to send ticket prices soaring this summer. Instead, they’re…
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…
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