Surf Air’s rough debut serves as cautionary tale for direct listings
Going public via direct listing can be a bit of a gamble. For Surf Air Mobility Inc., it proved to be more like a spin…
IAG Cargo reports revenues for H1 2023
Today, IAG Cargo, the cargo division of International Airlines Group (IAG) reported its financial results for H1 2023. The business reported commercial revenues of...
Surf Air falls 37% from debut price in direct listing
Surf Air Mobility Inc. began trading at $5 a share and fell 37% from there in the first significant direct listing in the US in…
British Airways, Air France stay upbeat on prospects for 2023
Two of Europe’s largest airline groups gave an upbeat outlook for the rest of the year, saying demand remains strong as leisure travelers continue to…
American Air, pilots reach agreement on revised union contract
American Airlines Group Inc. and negotiators for its pilots union reached a preliminary agreement on revisions to a proposed contract, including higher pay and benefits…
Southwest hits profit estimates, faces continued rising costs
Southwest Airlines Co. fell after warning of higher-than-expected costs, pressuring the carrier’s earnings and countering gains from a surge in early-summer travel.
UK regulator takes action against Wizz Air over customer refunds
The UK’s Civil Aviation Authority has taken enforcement action against Wizz Air Holdings Plc after many passengers complained about the carrier failing to reimburse them…
Gatwick Airport averts some strikes after workers agree deal
London’s Gatwick Airport escaped a strike that was due to take place over the weekend after more workers agreed to an improved pay offer.
Singapore Air posts record profit with bumper summer to continue
Singapore Airlines Ltd. reported its biggest quarterly net income ever and said it expects demand for air travel on all routes to remain robust through…
Boeing CEO has ambitions to lift 737 Max output to new record
Boeing Co. dangled the prospect of pushing production of its 737 jetliner far beyond current levels, underscoring the planemaker’s newfound confidence as it wins huge…
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