Airlines Financial News

By Sophie Yu and Brenda Goh

BEIJING (Reuters) — China Southern Airlines reported a net profit of 4.2 billion yuan for the third quarter, its first profit in nearly four years.

El Salvador has introduced a $1,000 (Rs 83,240) fee for passengers traveling from Africa or India as part of its efforts to address irregular migration through the Central American nation, according to a Bloomberg report. The decision, announced by El Salvador's port authority on October 20, mandates that individuals using passports from India or more than 50 African nations will be subject to this fee. The collected funds are earmarked for the enhancement of the country's primary international airport.

passports from India or any one of more than 50 African nations will be obliged to pay the fee, El Salvador’s port authority said in a statement on its website dated October 20. The money raised will be used to improve the nation’s main international airport, the authority added. El Salvador President Nayib Bukele this week met Brian Nichols, US assistant secretary of state for Western Hemisphere affairs, to discuss “efforts to address irregular migration," among other topics.

Also Read:We Flew Cheap Airlines to and From Europe to See if You Should, Too Among these features is Google's Price graph, which offers information on current flight prices, allowing you to gauge whether they are below, within, or above historical average prices for the same route. Furthermore, Google Flights offers a "Date Grid" that presents prices on a date-by-date basis, enabling users to make well-informed choices.

Southwest Airlines earned $193 million in the third quarter, 30% less than its profit a year ago

Check out the companies making headlines in premarket trading.

As Israel’s bombing campaign in Gaza continues, one man has been at the centre of attention – Israel's prime minister Benjamin Netanyahu, also known as Bibi. Netanyahu has arguably been the central figure in Israel’s politics since the 1990s. His political longevity and his highly divisive time in office have made him one of Israel’s most consequential leaders.

New standards for the global carbon offsets market threaten to wipe out “a lot” of value for investors, according to Lombard Odier.

consumer affairs ministry has expressed concerns regarding unfair trade practices adopted by airlines and online travel aggregators. As per a TOI report, these practices include misleading claims such as showing every seat as 'paid' despite offering a «free mandatory web check-in», denying boarding to passengers with confirmed tickets, and delayed refunds.

Some of Qantas’ largest investors, including the Future Fund, are set to vote against the re-election of Todd Sampson to the airline’s board, raising the prospect that the advertising executive could be forced into an abrupt exit.

MUMBAI : Bankrupt airline Go First is staring at a potential liquidation or torturous recovery given the lack of buyers’ interest, fleet uncertainty and mounting costs, two people aware of the matter said. Meanwhile, its lenders plan to seek more time for a rescue since only one candidate has shown interest in the airline so far. Go First’s revival was clouded further by a 3 October government notification that said leased aircraft and engines would not come under the bankruptcy moratorium.

By Kylie Madry and Aida Pelaez-Fernandez

Lufthansa AG will start another short-haul airline next year, a strategic move intended to cut labour costs by reducing the bargaining power of the company's powerful unions. City Airlines will take to the skies in summer 2024 and offer feeder flights to more profitable long-haul operations at Lufthansa's Frankfurt and Munich hubs.

Get Gotti" on Netflix has reignited public curiosity about John Gotti's final moments. So, what led to the demise of this notorious mafia boss? John Gotti passed away on June 10, 2002, at 61 years old. His death came while he was imprisoned, grappling with throat cancer. After a 1992 conviction led to a life sentence, Gotti's years were largely confined behind bars. When diagnosed with throat cancer in 1998, he was relocated to the United States Medical Center for Federal Prisoners in Springfield, Missouri. Though his initial surgery successfully excised the tumor, cancer made a comeback within two years. Gotti's health took a sharp downturn, culminating in his death in 2002.

JetBlue says it will expand its transatlantic flying next spring and summer

Boeing is reporting a loss of $1.64 billion in the third quarter

DAWN News, Pakistan International Airlines (PIA) is on the verge of a shutdown as cancelled 300 flights in the past 10 days due to fund issues. The Pakistani media reported that Pakistan State Oil (PSO) has cut fuel supply over unpaid dues. As a result, the PIA cancelled 322 flights, 134 on international routes since 14 October.

Horizon Air flight said “I’m not OK” just before trying to cut the engines midflight and later told police he had recently taken psychedelic mushrooms as his mental health worsened, according to charging documents made public Tuesday.State prosecutors in Oregon filed 83 counts of attempted murder against Alaska Airlines pilot Joseph David Emerson, 44, on Tuesday just before he appeared in court, with his attorney, Noah Horst, entering not guilty pleas on his behalf. Federal prosecutors meanwhile charged Emerson with interfering with a flight crew, which can carry up to 20 years in prison.According to a probable cause statement filed in Multnomah County Circuit Court, Emerson told Port of Portland police following his arrest that he had been struggling with depression, that a friend had recently died and that he had taken psychedelic mushrooms about 48 hours before he attempted to cut the engines.

New court documents say an off-duty airline pilot who tried to cut the engines on a flight in mid-air told police he had been struggling with depression

Aviation experts say the incident in which an off-duty pilot tried to disable a jetliner in midflight renews questions about the threat posed by insiders — airline workers who have special access to places where passengers can't go