finance

Spirit has reportedly engaged in talks with bondholders and other creditors to support a Chapter 11 filing for “reorganization” bankruptcy.

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.

Indian budget airline SpiceJet is facing mounting pressure from financial woes and regulatory scrutiny as it continues to experience operational issues.

The airline’s net profit during the first half of 2024 was hindered by ongoing Pratt & Whitney engine issues on its Airbus A220 fleet.

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.

Frontier Airlines is making significant changes to its fleet plan, including abandoning the A321XLR and deferring aircraft deliveries.

Spirit isn’t doing well. The financially ailing airline never quite recovered from the pandemic, losing millions each quarter.

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, Turkish Airlines made a net profit of 1.5 billion dollars between July and September. The […]

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 of 2023 and would remain until the contract expires in 2025.  The importance of better […]

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 plan. Confirming the deal, KQ Board Chairman Michael Joseph said, “They [Seabury Consulting] will assist […]