airlines

For decades, Southwest Airlines’s biggest hurdle when it came to growth and profitability sat in the Wright Amendment, a 1980 addition to the Federal Aviation Act of 1958 that prevented airlines from flying certain routes from Dallas Love Field. The bill was largely meant to punish the carriers that had chosen not to relocate to […]

Icelandic ultra-low-cost carrier WOW air has returned four aircraft to lessors with two Airbus A330s and two Airbus A320 family aircraft departing Reykjavik earlier yesterday for storage, beginning the process of returning to their lessors. The move comes as a letter to bondholders from the airline’s CEO and Founder Skuli Mogensen expressed concern over the airline’s […]

Following last week’s news that U.K.-based Flybe is up for sale, Reuters this week reported that Virgin Atlantic is interested in the regional carrier, which has suffered from falling demand, a weaker pound and high fuel costs. In a four-line statement, Virgin Atlantic, which is 49 percent owned by Delta, stated that: “Virgin Atlantic has a […]

Azul Brazilian Airlines and Copa Airlines announced a codeshare agreement that will connect two large networks in Latin America. Now Copa customers can use Azul’s network in Brazil with 101 domestic destinations, 52 not served by any other airline and Azul clients can use Copa’s presence in many Latin America and Caribbean destinations. The benefits […]

The Federation of Indian Airlines (FIA), an airline industry group that speaks on behalf of several major carriers, has penned a formal letter to the nation’s aviation ministry requesting assistance in obtaining unsecured loans to offset ongoing losses. As reported in Bloomberg, airlines are “facing challenging times and substantial losses in the domestic environment,” according […]

The next phase in the ongoing Brexit situation took place this week with the release of the draft withdrawal agreement between the European Union and the United Kingdom. The 585-page document outlines the process of how the U.K.’s membership will cease and what possible agreements need to be in place pending its exit. As such […]

Airlines are often criticized for overall food quality and services. Last month, a vegan passenger took a Thomas Cook flight from Manchester, United Kingdom to New York in which she paid for a vegetarian meal for herself, but the airline messed it up and had to serve her crisps and nuts on a transatlantic flight. Notwithstanding, […]

Turkish Airlines reported this week that in the first nine months of 2018 they have achieved a net profit of $755 million, a 300 percent increase versus the same period of 2017. The airline has made significant gains in most of the metrics used to measure airline performance. Revenue rose by 20 percent to hit $9.9 […]

All Nippon Airways (ANA), the largest airline in Japan, has announced that its profit for the first half of the fiscal year has plunged 37.7 percent. According to ANA, the net profit for the first six months was ¥73.74 billion as it faced headwinds from higher fuel costs and increased expenses for safety, quality and personnel.  […]

Just over a week after the nation’s troubled flag-carrier received yet another government bailout, South Africa’s new finance minister, Tito Mboweni, has suggested that the best course of action is to simply shut the airline down as “we are unlikely to sort out the situation.” The financial performance of South African Airways (SAA) over the last […]