August 29, 2024 11:30 am ET
June 13, 2024 8:55 am ET -
Why the Airline Industry Isn’t a ‘Rigged Game’
Spirit isn’t doing well. The financially ailing airline never quite recovered from the pandemic, losing millions each quarter. After losing out on a $3.8 billion merger deal with JetBlue, long-time CEO Ted Christie has been rather vocal on back-to-back earnings…
December 10, 2022 4:23 pm ET -
Turkish Airlines Posts Fifth Consecutive Quarter of Net Profits
Turkish Airlines released its financial and operating results for the third quarter of 2022. Turkey’s national carrier reported positive figures, making it the fifth consecutive quarter with a net profit. As reported by the company itself in a press release,…
July 11, 2022 1:15 pm ET -
El Al Agrees to Return Pilot Wages as Demand Reaches…
Israeli flag carrier El Al has announced it reached an agreement with its pilots to restore salaries to pre-COVID-19 levels in an effort to cancel fewer flights. The airline agreed that such salaries will be in effect by the start…
February 10, 2022 4:10 am ET -
Kenya Airways Appoints Seabury Consulting as a Restructuring Advisor
Kenya Airways has appointed Seabury Consulting, part of Accenture, to advise its board on the restructuring process to be undertaken by the airline as it seeks to re-settle its debt as well as improve its revenues on a long-term business…
January 19, 2022 11:22 am ET -
American, United Report Net Losses, Project Capacity Again Lower than…
U.S. airline industry earnings season continued Thursday morning as rival legacy carriers American Airlines and United Airlines released figures from the fourth quarter and all of 2021. The pair of airlines followed competitor Delta Air Lines' lead with a beat…