November 13, 2024 4:30 pm ET
September 3, 2024 6:08 pm ET -
Activist Investor Now Owns 10% of Southwest, Can Call Special…
Elliott Investment Management now owns 10% of Southwest’s common stock and can call a special meeting at the carrier, according to a Reuters report on Monday. Elliott was founded in 1977 and manages approximately $70 billion in assets. The firm…
August 29, 2024 11:30 am ET -
SpiceJet Faces Continued Disruptions in Dubai Over Unpaid Dues
Indian low-cost carrier SpiceJet has once again encountered operational setbacks in Dubai, following an issue with unpaid airport charges. This is the second such incident in August, highlighting ongoing financial troubles for the airline. According to The Hindu, on Aug.…
August 26, 2024 2:57 pm ET -
airBaltic Bolsters A220 Fleet Despite Profit Woes
airBaltic, the Latvian national carrier, reported financial results for the first half of 2024. Engines Issues Continue airBaltic reported the topline revenue figure up 16% YoY to a record approximately EUR 339 million (USD 379 million). This is thanks to the…
August 20, 2024 1:22 pm ET -
Kenya Airways Posts First Profit in Over a Decade
On Monday, Kenya Airways announced its financial results for the first half of the year, revealing a profit after tax for the first time since 2013. The airline reported a profit of Kshs 513 million ($3.95 million) for the first…
August 8, 2024 4:57 pm ET -
Frontier Abandons A321XLR Plans, Defers Aircraft Deliveries
Frontier Airlines announced a major shift in its fleet strategy on Thursday. According to Reuters, the airline is abandoning plans to acquire the long-range Airbus A321XLR and deferring the delivery of several planned aircraft. The airline previously held options to…