Airlines Financial News

18.07 / 21:07

UPS FIVE BLOCK Aviat Fighting Airlines travelers From compensating travelers to the pilot retirement age, Congress takes up aviation bill

Congress will vote this week on legislation that will shape the agency responsible for safely managing the nation’s airspace and regulating its airlines

18.07 / 20:29

COST Target Reuters Action Airlines National Biden creates new anti-competition role on National Economic Council

By Andrea Shalal

18.07 / 18:25

UPS Provident Reuters Racing Airlines Software Tata chooses UK for new EV battery plant

Tata has chosen to build an electric vehicle battery plant in southwest England, Bloomberg reported on Tuesday, a win that would bolster the country's automotive industry against stiff global competition. Tata has chosen a site in Somerset to supply a new range of electric Jaguar and Land Rover vehicles and is set to outline its decision as soon as this week, the Bloomberg report said, citing unnamed people familiar with the plans.

18.07 / 10:43

Dash BLOCK Airlines Assurant boost Minister blocks bid to bring down airfares, boost tourism

The Australian government has terminated a request from Qatar Airways to add more Australian routes, dashing hopes that consumers might get relief from high international airfares.

18.07 / 10:07

UPS Aviat Extreme CEO Airlines Indian Indian aviation market has huge potential waiting to be tapped: Top industry experts

aviation market has a «huge potential» waiting to be tapped, and a growing middle-class and a young population usually showing a greater propensity to travel will contribute to its growth, top experts of the industry have said. Besides, privatisation of airports has been a «big boost for aviation», and huge investment is happening in new airports and existing airports in India, said Nipun Aggarwal, Chief Commercial & Transformation Officer, Air India.

18.07 / 09:29

UPS Citi MET Action Airlines Align The Best of Frenemies: Saudi Crown Prince Clashes With U.A.E. President

reliance on oil, he is pushing companies to move their regional headquarters to Riyadh, the Saudi capital, from U.A.E.’s Dubai, a more cosmopolitan city favored by Westerners. He’s also launching plans to set up tech centers, draw more tourists and develop logistical hubs that would rival the U.A.E.’s position as the Middle East’s center of commerce. In March, he announced a second national airline that would compete with Dubai’s highly ranked Emirates.

18.07 / 03:03

Provident Aviat CEO Airlines Align Vistara starts merging staff with Air India, CEO Vinod Kannan confirms

Tata family seeks to strengthen its aviation empire and compete with market leader IndiGo. Vinod Kannan, the CEO of Vistara, confirmed on July 17 that the staff integration process had already begun.

18.07 / 01:57

Citi Waves Waters Airlines Southern Orange Typhoon Talim update: Thousands evacuated while flights, trains get cancelled; check details

global warming and the ongoing effects of climate change. Typhoon Talim, the fourth typhoon of the year, arrived with maximum wind speeds of 136.8 kilometres per hour, according to the China Meteorological Administration. As it made landfall at approximately 10:20 PM (7:50 PM India time), it brought along storm surges and heavy rainfall, affecting the southern coastline from Guangdong to Hainan provinces.

17.07 / 19:03

COST Lowe's CEO Airlines Vistara kickstarts discussions to integrate staff with Air India

Vistara has started discussions on integrating its staff with Air India, even as the two Tata group carriers await regulatory approvals for merging with each other, its CEO said Monday. Vinod Kannan said there is unlikely to be any rationalisation of staff at Vistara because of this, but added not everyone may get the same position or function in Air India that they held in Vistara. Air India too is in the process of bringing various segments of its staff under one structure.

17.07 / 18:53

Airlines NCLT to hear lessors’ pleas for SpiceJet insolvency in August

The National Company Law Tribunal (NCLT) has postponed the hearing of insolvency pleas against budget carrier SpiceJet, granting the airline 10 days to file a rejoinder. The pleas were filed by aircraft lessors Aircastle of Ireland and Wilmington Trust. The court is scheduled to hear the Aircastle case on 8 August, and Wilmington Trust’s plea on 17 August.

17.07 / 17:15

CEO Airlines end Vistara to respond to CCI queries by month end, says CEO Vinod Kannan

Vistara CEO Vinod Kannan on Monday said the airline will submit its response to the Competition Commission's queries on the proposed merger with Air India by the end of this month and expressed confidence of receiving all regulatory approvals by early next year. The Competition Commission of India (CCI) has sought more details on the merger of Vistara with Air India, a deal that was announced in November last year. «There are certain questions that have been asked.

17.07 / 15:53

Airlines LinkedIn Pilots Deal United Airlines shares move higher after labor deal reached with pilots

Investing.com — United Airlines Holdings (NASDAQ:UAL) shares rose on Monday after the U.S. carrier reached a labor deal over the weekend with its pilots that will see the workers receive a significant jump in pay.

17.07 / 15:51

Aviat Airlines Boeing Puzzle Australian Part of Chandrayaan 3 or MH370? Australian authorities puzzled over mysterious object on beach

BBC reported. The report said that the mysterious object can be part of the recently launched Chandrayaan-3. "We want to reassure the community that we are actively engaged in a collaborative effort with various State and Federal agencies to determine the object's origin and nature," police said in a statement.

17.07 / 14:07

COST UPS Target Progressive Airlines Strategy JetBlue analyst 5 Huge Analyst Calls: Fox Corp. slashed on plummeting viewership; Meta bumped up

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Meta and Morgan Stanley, and downgrades for Fox Corp., JetBlue, and Progressive

17.07 / 04:07

COST Airlines Air India faces substantial write-offs of ₹7,000 crore in FY23, focuses on operational efficiency: Report

₹7,000 crore during the financial year 2022-23. These impairments were primarily attributed to issues with the carrier's faulty aircraft and engines, as well as losses incurred by low-cost airline AirAsia India, The Economic Times (ET) reported. However, despite these challenges, Air India managed to reduce its losses and achieve positive earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs (EBITDAR) at an operating level, the publication reported.

17.07 / 02:29

Aviat Progressive CEO Airlines boost reserves Pakistan outsources Islamabad Airport to boost forex reserves: Report

forex reserves, according to a report published by Dawn quoting sources. Finance Minister Ishaq Dar has convened multiple meetings of the committee formed to engage foreign operators for outsourcing. He told the stakeholders to finalize formalities to outsource the operations of Islamabad International Airport (IIA) by August 12. On Saturday, Dar chaired a meeting of the steering committee for assessing the progress of airport operations outsourcing.

16.07 / 20:25

FIVE Aviat CEO Airlines Strategy Boeing Fastenal Fasten your seatbelts, Bonza fields inbound interest

The private equity interests behind Bonza, the latest to try its hand at breaking into the ultra-competitive Australian aviation market, are considering whether to bring in new capital partners to back the airline’s expansion into a full-scale domestic carrier.

16.07 / 17:11

ETF NASDAQ Airlines NFLX week 1 Stock to Buy, 1 Stock to Sell This Week: Netflix, Goldman Sachs

Stocks on Wall Street ended mostly lower on Friday, as investors continued to assess the outlook for the economy, inflation, interest rates and corporate earnings.

16.07 / 08:57

Booking VISA Gap Airlines A huge gap separates G20 tourism aims from reality

₹87 crore for visas not received. Travel agents in India claim this is unprecedented, hinting darkly about a European reprisal for India’s geopolitical stand on the Ukraine conflict. Even if that might sound outlandish, there are many tourists who recount lived horror stories.

16.07 / 02:59

UPS Booking CEO Airlines Parke Pilots United Airlines pilots reach 'historic' agreement in principle, with big pay raises, other perks

Former United Airlines CEO Oscar Munoz discusses a government report blaming airlines for cancelations, retention in employees, and his new book, «Turnaround Time.»

15.07 / 22:53

UPS CEO Gap Airlines Pilots boost United Airlines pilots reach labor agreement, boost pay

CHICAGO (Reuters) -United Airlines and its pilots on Saturday reached a labor agreement that will give the latter a significant pay increase, after the union rejected an earlier offer last year instead to seek even higher wages with pilots in short supply.

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