News

Last week, Aerolineas Argentinas and its domestic sister company, Austral, presented its 2018 results with some worrying numbers but also with a ray of light regarding its operations for 2019. Together, both companies recorded a loss of $489 million USD. Compared to 2017, revenues remained practically constant, accompanying inflation, but costs rose by 18 percent. […]

Fort Worth, Texas-based American Airlines has filed a lawsuit in U.S. District Court against the International Association of Machinists and Aerospace Workers (IAM) and the Transport Workers Union (TWU). The airline cites that the two unions, which support the carrier’s maintenance employees, have organized a work slowdown that has affected nearly 1,000 flights since January. […]

Just over a month ago, India’s Jet Airways ceased all flights after running out of the funds necessary to continue operating. That shutdown had effects across the airline’s route network. While that network did include destinations as far as North America and various others across Europe, a seemingly disproportionate amount of the airline’s traffic was […]

U.K. low-cost carrier easyJet has announced a record $352 million headline loss before tax for the first six months of its financial year. According to the airline’s chief executive officer, Johan Lundgren, the half-yearly result is “in line with expectations” as the reporting period encompasses the traditionally off-peak northern winter schedule and does not include […]

Softening demand in both business and leisure markets is projected to send Virgin Australia’s accounts into the red. In an investor update delivered to the markets on May 17, the Australian carrier announced estimated earnings in 2019 at least A$100 million lower (69 million U.S. dollars) than the A$64.4 million reported for the 2018 financial […]

El Al, the national airline of Israel, has announced that it will begin seasonal service between Tel Aviv and Las Vegas. The seasonal service will begin on June 14 and will be operated weekly through April. The flight will be the first flight between Las Vegas and the Middle East and will be operated by […]

On Thursday, Air Canada announced that it has commenced exclusive talks with fellow Quebec-based Transat A.T. Inc., owner of Air Transat, for a full takeover of the Canadian leisure carrier. The publically proposed transaction is valued at approximately $387.5 million or $13.00 per share, a 23 percent premium to the stock price at the end […]

A comeback for Jet Airways looks even more unlikely as two of the carrier’s top executives announced their resignations on Tuesday. First, chief executive Vinay Dube resigned citing personal reasons. Then, chief financial officer and deputy chief executive Amit Agarwal announced his resignation citing personal reasons as well. The resignations, while not surprising, further hinders […]

Air India announced that they will offer a 40 percent discount three hours before departure. The state-owned carrier said that customers can buy the discounted domestic tickets from all outlets which include Air India’s website, mobile app and booking counters. Air India is facing stiff competition with low-cost carriers’ competitive ticket prices, high fuel costs […]

IAG (International Airlines Group), the parent company of Europe’s British Airways, Iberia, Vueling and Aer Lingus, on Friday reported a $152 million profit for the first quarter of 2019. Though the result is down in comparison to 2018, it is seen as a positive result considering the group’s competitors, AirFrance-KLM, Lufthansa and easyJet have all […]