Airlines Financial News

Pilots at American Airlines have approved a new contract that will raise their pay more than 40% over four years

Air India Express has chalked out an aggressive expansion drive deploying 50 Boeing 737 Max planes by the end of 2024. The airline is aiming to corner a firm second place, behind market leader IndiGo, in the cut-throat Indian domestic market, people aware of the development said. Air India Express, which currently has 25 aircraft, is in the process of being merged with AirAsia India, which has 28 Airbus A320neo planes.

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airport back-up and helipad support. Indeed, it would not be a surprise if the Centre opts to sweeten the deal in an effort to attract more takers. With a long patch of weak competition in Indian skies expected to give way to an air-capacity boom as a new era of rivalry gets underway, a relaunch will have its advocates.

Pakistan's cash-strapped national carrier has grounded 11 aircraft, including three of its Boeing 777s, due to unavailability of funds to carry out replacement of parts. An official in the Pakis-tan International Airlines (PIA) said the top management has grounded 11 planes in the last three years as there was a financial crisis prevailing in the airline and the increase in dollar rates and petroleum products had not helped the situation. The official, who didn't want to disclose his name, said that 11 out of 31 aircraft operated by the PIA on international and domestic routes were grounded at the Karachi and Islamabad airports. «The financial crisis has meant the airlines are not in a position to purchase spare parts since last year leading to the grounding of these aircraft gradually,» he disclosed. The previous government led by Shahbaz Sharif had appointed a new MD in PIA and unveiled its plans to privatise the national airline, an announcement which has been met with fierce resistance from the various unions in the airline. Some of the unions have gone on a strike and the official said this had not helped matters as well. Two of the three wide-body Boeing 777 aircraft were grounded in 2020 and one in 2021.

pilots plan to form an association to challenge flying duty regulations they say cause fatigue and jeopardise safety after an IndiGo pilot collapsed and died before his flight. Former pilots have taken to social media and newspaper columns to publicly raise concerns that airlines, though operating within regulatory frameworks, are stretching them to the brink as air travel booms in India. The sudden death last week of an IndiGo pilot heightened those worries although India's biggest airline says he had a 27-hour break before duty and was in good health.Captain Shakti Lumba, a retired vice president at IndiGo, has garnered the support of hundreds of pilots who plan to come together with an existing group of 600 to raise awareness and lodge concerns over fatigue with authorities and airlines. «The main focus of the group will be compliance with international standards and recommended practices, flight safety and pilot fatigue — which is a clear and present danger to (the) safety of aircraft operations in India,» said Lumba, who was involved in setting up IndiGo's operations from 2005. India's aviation watchdog did not respond to a Reuters request for comment. In the United States, regulators allow flights manned by two pilots to serve maximum duty time of 14 hours during the day and 9-10 hours for late-night flights.

WASHINGTON (Reuters) — The U.S. Federal Aviation Administration said on Tuesday it will hold runway safety meetings at 90 airports over the next few weeks after a series of troubling close call aviation incidents.

Dubai International Airport, the world's busiest for international travel, announced Tuesday it served 41.6 million passengers in the first half of this year — exceeding figures for the same period in 2019 as travelers return to the air after the lockdowns of the coronavirus pandemic. The airport, home to the long-haul carrier Emirates in skyscraper-studded Dubai, long has served as a barometer for the aviation industry worldwide. The new figures at the airport known as DXB reflect figures offered by the International Air Transport Association that traffic worldwide is at 94% of pre-COVID levels. «As we recover with our (half-year) traffic surpassing pre-pandemic levels, we continue to remain committed to ensuring every guest who travels through our airport leaves with a smile,» Paul Griffiths, CEO of Dubai Airports, said in a statement announcing the figures. The 41.6 million passengers is up some 50% from the 27.9 million recorded the same time last year, as airlines now have more planes and routes running again. Passenger traffic this year largely has been driven by the airport's standard travel destinations — India, Saudi Arabia, the United Kingdom and Pakistan.

Virgin Australia boss Jayne Hrdlicka has called on the government to reconsider its decision to block Qatar Airways from adding flights to east coast cities, saying it would have an immediate impact on reducing fares and boosting tourism.

Airport on Monday announced on Saturday that all the scheduled international flights from the airport will leave from Terminal 2 from August 31 onwards. In a post on social media platform X, Bengaluru Airport noted, “We are happy to announce that commencing 10:45 am on August 31, 2023, all scheduled International flights will arrive and depart from Terminal 2." Bengaluru Airport noted in the tweet noted that passengers can download the BLR Pulse app for information related flights and estimated queues and wait times.

IndiGo Airlines flight on the way from Mumbai to Ranchi had to make an unscheduled landing at Babasaheb Ambedkar International Airport in Nagpur. The emergency landing followed a grave medical situation involving a the 62-year-old male passenger, identified as Mr. D Tiwari, who was pronounced dead upon arrival at a government medical college, reported HT.

NEW DELHI : The civil aviation ministry will soon start a detailed evaluation of routes awarded under the government’s regional connectivity initiative, known as the Ude Desh ka Aam Naagrik (UDAN) scheme, which offers flight subsidies to underserved or unserved destinations. The assessment will aim to determine the reasons behind airlines’ failure to launch flights or continue flying them despite the subsidy offer, two officials familiar with the development said on condition of anonymity.

CHICAGO (Reuters) — American Airlines (NASDAQ:AAL) pilots have approved a new four-year contract, their union said on Monday.

FedEx’s highfliers have been grounded. A sharp drop in package volume and a move to combine FedEx’s Express and Ground delivery units created a glut of pilots, leaving what was long the company’s most revered class of workers in a state of angst. “There are many concerns about FedEx flying and what the future holds," Pat DiMento, the company’s vice president of flight operations, wrote in a July letter to Express crew members viewed by The Wall Street Journal.

₹350 crore to the creditors of the grounded airline. The tribunal will pronounce the order on 28 August. During the proceedings, former union minister, and senior lawyer Ravi Shankar Prasad, representing JKC, stated that the consortium is prepared to pay ₹100 crore to the creditors led by State Bank of India by 31 August and the remaining ₹100 crore by 30 September.

Qantas could be forced to compensate passengers who lawyers say were misled into using flight credits when they should have been entitled to cash refunds, as well as pay interest on money customers have been unable to access for up to three years.

aviation sector. Despite domestic and international flights returning to pre-pandemic levels, jet fuel consumption has struggled to keep pace in 2023. This could be attributed to the slow resurgence of long-haul travel and persistent challenges faced by the beleaguered airline industry.

Akasa Air, India's youngest airline, celebrates it... moreAkasa Air, India's youngest airline, celebrates its first year of operations with plans to launch international flights.

The Matildas captured the hearts of Australians during the Women’s World Cup, but readers of The Australian Financial Review were not in favour of a taxpayer-funded public holiday even if they won the tournament.

The country’s busiest airport has blasted Qantas and Virgin Australia for wasting capacity, saying a lack of seats, rather than lack of demand is limiting domestic passenger traffic.

By Allison Lampert and Doyinsola Oladipo