Airlines Financial News

A flight notification system outage at the Federal Aviation Administration grounded all planes nationwide for several hours Wednesday morning, just weeks after a major winter storm caused massive disruptions to air travel and airline business.

IndiGo flight his wife was travelling. The incident took place on a flight from Dehradun to Lucknow to Chennai. After the flight landed in Lucknow the pilot refused to take off for Chennai, citing exhaustion, Sameer Mohan tweeted, sharing screenshots of WhatsApp conversation with his wife.

Hundreds of airline passengers stand in United Airlines' customer service line following a slew of flight cancellations and delays at Newark Liberty International Airport on Tuesday, June 27, 2023. 

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

Piyush Gupta has led one of Singapore’s most iconic institutions, the bank that helped turn the Southeast Asian city-state into one of the richest countries in the world. In his time as chief executive officer at DBS Group Holdings Ltd., Gupta has built the lender into Singapore’s largest listed company, moved early into wealth management and other key business areas and delivered equity returns that outstrip global peers.

5G systems near major airports. Aviation groups have warned for years that 5G signals could interfere with aircraft equipment, especially devices using radio waves to measure distance above the ground and which are critical when planes land in low visibility. Predictions that interference would cause massive flight groundings failed to come true last year, when telecom companies began rolling out the new service.

IndiGo on Saturday introduced flight services to Georgia's Tbilisi effective August 8, 2023, the airline stated in a press release. The services are available for bookings as well. The introduction of these new flights caters to the rising travel demand for Georgia while also benefiting business travelers, said IndiGo in a press release. The new connectivity has the potential to grow trade and bolster economic and cultural ties between the two nations. «Tbilisi is also part of the 'Silk Route' which will further enhance the flow of trade from the city,» said IndiGo. «We are thrilled to announce Tbilisi amongst our new destinations in our expanding 6E network, opening up exciting international travel opportunities. Georgia is now amongst the favored & sought after holiday destinations for Indian travelers,” said Vinay Malhotra, Head of Global Sales at IndiGo.

Aviation groups have warned for years that 5G signals could interfere with aircraft equipment, especially devices using radio waves to measure distance above the ground and which are critical when planes land in low visibility. Predictions that interference would cause massive flight groundings failed to come true last year, when telecom companies began rolling out the new service. They then agreed to limit the power of the signals around busy airports, giving airlines an extra year to upgrade their planes.

Flight cancellations due to strong crosswinds at Sydney Airport have caused travel disruption nationwide for a second day in a row at a peak school holiday time.

United Airlines CEO Scott Kirby expressed his apologies for opting to travel on a private plane while numerous United passengers were left stranded due to the airline's extensive flight cancellations in Newark, New Jersey. Kirby acknowledged that his decision to take a private jet was insensitive to the customers who were eagerly awaiting their flights home. He expressed deep remorse to both the customers and the tireless team members who had been diligently working, often in severe weather conditions, to provide assistance to the passengers.

British Airways (BA), the national carrier of the UK is one of the largest airlines in the world. Sean Doyle who has been with BA for 20 years took over as CEO in Oct-2020. In this interview with Arindam Majumder, Doyle speaks on the recovery from pandemic and its growth plans in India.

A busy holiday weekend may be marred by flight delays and cancellations for thousands of travelers — and experts suggest that consumers understand their financial recourse ahead of time should their travel plans get interrupted.

Abu Dhabi and Dubai from the Lucknow airport starting July 12, officials said on Friday. After the flights to Abu Dhabi and Dubai are added — both onward and return — the average international flights at the airport will increase from 13 to 17 flights per day, a Chaudhary Charan Singh International Airport (CCSIA) spokesperson said in a statement.

Air India Friday revised employment contracts and compensation for its non-flying staff, as it tackles one of the most onerous parts of its turnaround plan: streamlining workforce. “The new grades & designations have been arrived at after a comprehensive formal job evaluation to assess the size and complexity of each role, which have then been benchmarked against external companies so that the grade and associated compensation is aligned with market standards,” said the Tata group airline’s CEO Campbell Wilson in a letter to employees. Air India has been in the past criticised for having a flabby workforce and redundant functions.

The intense heat and dryness of the spring led to significant fuel accumulation in Canada's boreal forest, consisting of dry vegetation and dead branches. These fires produce dense smoke, emitting high levels of carbon monoxide. The climate impact is severe, as the boreal forest releases 10 to 20 times more carbon per unit area burned than other ecosystems. Since early May, hundreds of forest fires have generated approximately 600 million tons of carbon dioxide, equivalent to 88 percent of the country's total greenhouse gas emissions from all sources in 2021, as reported by the Copernicus Atmosphere Monitoring Service (CAMS).

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BEIJING — Fewer than 6% of U.S. flights to and from mainland China that existed in 2019 have resumed, according to a Nomura report.

A New York attorney has been blasted for using ChatGPT for legal research as part of a lawsuit against a Columbian airline.

China's pandemic-battered economy is starting to see consumers open their wallets wider, according to KraneShares' Brendan Ahern.

The 2023 summer travel season is expected to be a busy one, making federal programs like TSA PreCheck especially helpful for fliers, according to experts.