Airlines Financial News

United Airlines Holdings (NASDAQ:UAL), Southwest Airlines (NYSE:LUV), and Alaska Air (ALK) have all issued warnings about unexpectedly significant increases in the price of jet fuel for the current quarter.

Investing.com — U.S. futures traded marginally lower Wednesday, as higher oil prices and weak global economic data weighed on sentiment.

CNN. As per details, the incident took place on board a flight from Las Vegas to Montreal on 26 August, when two passengers were warned by the pilot that would be put on a no-fly list if they kept complaining. “There was a bit of a foul smell but we didn’t know at first what the problem was.

Transport Minister Catherine King says she does not recall being lobbied by former Qantas boss Alan Joyce before she blocked more Qatar Airways flights, which the Coalition says commercially benefited Qantas.

India's bankrupt Go First airline to replace «robbed» parts from its leased jets and allow it to appoint round the clock security to guard grounded aircraft, the latest escalation in efforts to reclaim its Airbus planes. The plea, detailed in a Sept 1 non-public court filing at the Delhi High Court which Reuters has reviewed, comes weeks after ACG Aircraft Leasing found critical parts, including fan blades and escape slides, missing from at least two of the four planes it has leased to Go First. Go First has been locked in legal disputes with many of its foreign lessors since being granted bankruptcy protection in India in May. Bankruptcy froze its assets and has prohibited the recovery of more than 50 grounded Airbus planes. But plane parts went missing, ACG said, and lessors have so far unsuccessfully argued in Indian courts to get their planes back despite raising fears about cannibalisation of aircraft. Currently, lessors can only occasionally inspect Go planes.

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₹34 against the previous close of ₹33.09 on BSE and jumped 19 per cent to an intraday high of ₹39.40 on BSE. Around 2 crore shares of SpiceJet changed hands on the BSE, the exchange data showed. In the previous session, the stock closed 6.33 per cent higher after the NCLT news.

IndiGo on Wednesday said passengers have been notified about flight cancellations at the Delhi airport in connection with G20 Summit. «Due to the G20 Summit 2023 taking place in New Delhi, IndiGo is offering one-time waivers for passengers travelling to and from Delhi between September 8 to 11, 2023,» the airline said in a statement. It did not provide details about the number of flights that are likely to be affected. G20 Summit will be held in the national capital on September 9 and 10. «Customers are being offered the option of rescheduling or cancelling their flights with refunds. Passengers have been notified about flight cancellations and to schedule changes in advance,» the statement said. Scores of flights are likely to be affected at the Delhi airport and airlines are offering waiver of charges for customers planning to reschedule their travel dates. On Tuesday, officials in the know said airlines are making adjustments to their flight operations and select flights are being cancelled or rescheduled.

Former Morrison government transport minister Michael McCormack had competition concerns at the front of his mind in 2018 when he set limits on Qatar Airways expanding in Australia.

Jio Financial Services: Jio Financial Services Ltd, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, will be dropped from Nifty50, other indices, on September 7, the stock exchange NSE said on Tuesday. Shares of JFSL got listed on the stock exchanges on August 21 due to its spin-off from parent Reliance Industries. During the AGM, RIL announced that JFNSL will enter the insurance segment to offer life, general and health insurance products.

(Reuters) — Boeing (NYSE:BA) and aircraft leasing firm Aviation Capital Group on Tuesday finalized an order for 13 737 MAX jets, the companies said in a statement.

The boss of Australian airline Qantas says he will leave his job immediately — two months earlier than planned — following a series of embarrassing revelations about the company, including allegations it sold tickets for flights that had already been c...

₹231 crore. However, Aircastle, Willis Lease Finance and Wilmington are not part of the group of lessors who will receive SpiceJet shares.

₹112,419.33 per kilolitre, marking a 14.12% increase from August’s ₹98,508.26. The same trend was observed in other major cities like Mumbai, Kolkata and Chennai. This recent surge in airline fuel prices is the highest seen since December 2022.

The seasonally adjusted S&P Global India Services PMI Business Activity Index recorded an expansion in new business for the consecutive 25th month. A value of above 50 denotes expansion. «Demand strength also fostered a heightened sense of optimism regarding the outlook, boding well for economic growth prospects,» De Lima said. Strong services growth and capital spending pushed India's GDP growth to a four-quarter high of 7.8% in the first quarter of FY24, according to data released last week.

Investing.com — United Airlines Holdings Inc (NASDAQ:UAL) said Tuesday it asked the Federal Aviation Administration to suspend its departure flights nationwide as it grapples with a computer issue.

Go First Airways on Tuesday announced the cancellation of all its scheduled flights until September 10 due to operational issues. «We regret to inform that due to operational reasons, Go First flights scheduled till 10th September 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations,» the airline said in a statement. The airline further said, «We acknowledge the flight cancellations might have disrupted your travel plans and we are committed to providing all the assistance we can.»The company has assured customers that bookings will recommence shortly, as they have filed an application for swift resolution. «As you are aware, the company has filed an application for immediate resolution and revival of operations.

G20 summit. The summit which will see the presence of 19 heads of state will see the arrival of 50 VVIP jets. Sources said that three ceremonial lounges have been prepared to receive the heads of State. Government officials said that teams of officials accompanying the leaders will be able to complete the formalities at these lounges and exit the airport from the technical area without affecting the movement of regular passengers. “The VIPs will land at the technical airport but aircraft and private jets carrying them will be parked at the Delhi airport.

Himachal Pradesh is now open for tourists with hoteliers in prominent travel destinations of the state offering lucrative discounts, a senior official said on Tuesday.

Vanessa Hudson has vowed to focus on customers as she tries to repair the national carrier’s battered reputation after Alan Joyce abruptly quit as the chief executive of Qantas two months earlier than planned.

Qantas chief executive Alan Joyce will depart the airline on Wednesday, bringing forward his retirement by two months amid a firestorm engulfing the company over allegations of illegal ticket sales and undue influence over government.