Airlines Financial News

Delta Air Lines passengers who have long enjoyed access to free meals, alcohol and a quiet place to relax before their flight are in for some major cutbacks in coming years

Stocks that traded heavily or had substantial price changes on Wednesday: Rocket Pharmaceuticals, Moderna rise; American Airlines, Spirit Airlines fall

Rising diesel prices are inflating the bills Brett McMahon is getting from the companies that truck in the plywood, rebar and other supplies his concrete-contracting business needs. Asking his clients to renegotiate contracts to ease that pain, he said, has been “hit or miss." “In the private construction world, you’re not going to get a terribly sympathetic ear for that," said McMahon, chief executive of Bethesda, Md.-based Miller & Long. “It’s, ‘Hey, you knew the risks when you signed the deal.’" Diesel, jet and marine fuel prices are soaring, pressuring the construction companies, transportation businesses and farmers that are the biggest users.

Stocks, bonds and the dollar saw small moves, with a mixed inflation report reinforcing speculation the Federal Reserve will pause its rate hikes — but refrain from calling the end of its tightening cycle.

Bonza chief executive Tim Jordan says politicians need to be willing to tackle the Australian airline duopoly by overhauling Sydney Airport, arguing slot hoarding is a drag on Australia’s productivity.

Jet Airways founder Naresh Goyal on Thursday sent to 14-day judicial custody in a ₹538 bank fraud case, news agency PTI reported. The Enforcement Directorate (ED) arrested Goyal on 1 September under the Prevention of Money Laundering Act (PMLA) following a long session of questioning at the central agency's office in Mumbai.

Reliance Industries: Reliance Retail is in talks with existing investors including the sovereign wealth funds of Singapore, Abu Dhabi and Saudi Arabia for combined new investments of around $1.5 billion. The discussions of India's largest retailer with investors are part of an internal target to raise $3.5 billion which the company wants to close by the end of this month, according to a report by news agency Reuters. Out of that, QIA last month announced a $1 billion investment and KKR & Co this week $250 million.

Olivia Rodrigo will launch her 'Guts' World Tour in North America and Europe in February 2024 and it will come to an end in August. The tour will go across North America for six weeks before moving to Europe. It will return to North America in May before concluding in Rodrigo’s hometown of Los Angeles. The tour will feature opening acts, performed by young women. British dance-pop singer PinkPantheress, Los Angeles-based pop singer Chappell Roan, and California pop-rock singer Remi Wolf will produce the opening acts. Ex-Pixies singer Kim Deal will lead the Breeders band which will produce a string of radio and video hits. The American singer made her VMA debut in 2021 as she performed her Billboard Hot 100 No. 1 hit 'Good 4 U.'

MUMBAI : Lenders to Go First have turned wary of extending more loans to help the grounded airline return to skies, two people aware of the matter said, given the protracted legal battle between the company’s lessors and the resolution professional. The banks had agreed to grant an interim financing of ₹600-700 crore to help the low-cost airline take off with a lean fleet and stay afloat. “The lenders have already disbursed an interim financing of ₹100 crore to Go First," one of the two people said on condition of anonymity.

New Delhi: The Delhi high court on Wednesday issued notices to Go First’s Resolution Professional (RP) and the Directorate General of Civil Aviation (DGCA) in response to pleas filed by aircraft lessors regarding inadequate aircraft maintenance. BOC Aviation (Ireland) Ltd, ACG Aircraft Leasing Ireland, and DAE 13 Ireland Designated Activity Co. submitted new applications after discovering their parked aircraft in poor condition during inspections.

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Qantas Airways has lost its challenge to a court ruling that the Australian flag carrier had illegally fired 1,700 baggage handlers, cleaners and other ground staff at the height of pandemic travel disruptions

EU lawmakers have approved new rules requiring airlines to use more sustainable fuels across the bloc in a bid to help decarbonize the sector

Stocks are churning in place on Wall Street after a highly anticipated report showed inflation accelerated across the country last month, but not by much more than expected

The prospect of an auto workers strike could test Joe Biden’s treasured assertion he’s the most pro-union president in U.S. history

By Jonathan Stempel

Kempegowda International airport in Bengaluru which started operating international flights on Tuesday, is a 'terminal in the garden', reminding one of Singapore's Changi airport with its extravagant display of trees, plants and waterfalls. If the Bengaluru airport's Terminal-2 doesn't compete with Changi, it sure does take a 'leaf' out of it. The terminal fuses the ethnic with the futuristic and the aesthetic with the efficient amid a lush green design. The new 255,000 square metre terminal is designed and built on four key pillars and reflects Bengaluru's rich culture, history, its nature as the garden city and technology hub of India. Spread over four levels, the terminal is built for seamless departures and easy arrivals that are facilitated on different floors. The scale of T2 and the insightful design makes it a destination in itself.

IndiGo operator Interglobe Aviation has been allowed to wet-lease 11 A320 aircraft, CNBC-TV18 reported on Wednesday, citing sources at the Directorate General of Civil Aviation. This comes amid IndiGo grounding nearly 40 planes due to a Pratt & Whitney engine issue, the report said.

(Reuters) — Spirit Airlines (NYSE:SAVE) lowered its third-quarter revenue outlook to account for increased fuel prices, the ultra-low cost carrier revealed in a regulatory filing on Wednesday.

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ALSO READ: SC issues notice to govt on ‘zero tolerance rules’ for unruly airline passengers Before the pair is revealed, laughter can be heard in the cabin, with someone shouting 'come on' to the staff member, added the report. A fellow passenger close to the action screeched: “Oh my f***ing God".