Airlines Financial News

Malaysia Airlines and IndiGo entered a strategic codeshare partnership following the Memorandum of Understanding (MoU) signed in April 2024. The partnership aims to boost connectivity and elevate the traveller experience across its key hubs within Malaysia and India.

Boeing is moving toward raising up to $25 billion to shore up its troubled financial position

United Airlines says its third-quarter profit fell 15% from a year ago

An Air India flight en route from New Delhi to Chicago made an emergency landing in Iqaluit early Tuesday morning following what RCMP say was a bomb threat.

domestic air traffic saw a 4.9% increase, reaching 13 million passengers, up from 12.24 million in September 2023. This rise comes despite a slight drop from 13.1 million flyers in August. The increase is attributed to a continuous demand for air travel, although aircraft supply constraints remain a challenge. IndiGo continued to dominate the market, holding 63% of the share and achieving an on-time performance of 69.2%. Air India ranked second with a 15.1% share and a slightly higher on-time performance at 68.1%. Vistara followed with 10% of the market and a 69.1% on-time rate.

IndiGo's market share rose to 63 per cent while that of Air India climbed to 15.1 per cent in September 2024, as per the data released by the Directorate General of Civil Aviation (DGCA). AIX Connect, which was merged with Air India Express this month, topped the list of airlines in terms of On Time Performance (OTP) at 70.1 per cent, replacing Akasa Air, whose OTP slipped to 62.1 per cent.

counter-terrorist drills at various airports, official sources said. The threats via microblogging platform X came a day after three international flights originating from Mumbai received bomb threats, causing trouble to hundreds of passengers and airline crew. The messages posted on Monday were declared a hoax. Two more flights received similar threats on Tuesday but a confirmation was awaited. The sources said an X handle issued threats on Tuesday to five flights — an Air India Express flight from Jaipur to Bengaluru via Ayodhya (IX765), a SpiceJet flight from Darbhanga to Mumbai (SG116), an Akasa Air flight from Bagdogra to Bengaluru (QP 1373), an Air India flight from Delhi to Chicago (AI 127) and an Indigo flight from Dammam (Saudi Arabia) to Lucknow (6E 98).

Directorate General of Civil Aviation (DGCA) on Tuesday lifted the enhanced surveillance measures imposed on SpiceJet. While the airline has been cleared from heightened scrutiny, random spot checks will continue to ensure ongoing safety in operations. On August 29, the DGCA placed SpiceJet under enhanced surveillance due to concerns over flight cancellations and the airline's financial difficulties.

The second largest shareholder of Southwest Airlines is calling for special meeting of shareholders to vote on its slate of eight new directors, which would represent a majority of the struggling airline’s board

Subscribe to enjoy similar stories. Mumbai/Delhi: When it fell on its sword on 2 May 2023, Go First suggested that one issue alone was to blame for its downfall. It blamed Pratt & Whitney, saying problems with the American company’s engines had forced it to ground half its fleet of Airbus 320neo aircraft.

Boeing is announcing layoffs

United Airlines is adding eight new international destinations to its itinerary for next summer

United Airlines reports quarterly results Tuesday

With the U.S. election less than a month away, the country and its corporations are staring down two drastically different options.

President Joe Biden is warning airlines and other companies not to overcharge people who are trying to get out of the path of Hurricane Milton

«If I look at the overall PE of the mid and smallcap, obviously they look expensive, but there are pockets which look reasonably good,» says Sridhar Sivaram, Enam Holdings. You make a good case for it, for sure. But what has not been stable or at least when it comes to earnings and this is something that you have also brought up is what is going on with the mid and the smallcaps. Are you still firmly of the view that largecaps is a safer place to be? Sridhar Sivaram: So, actually, mid and smallcap, it is such a big basket that we do find interesting ideas there where we can see strong earnings growth, like power sector is something that we really like, a lot of the power equipment companies are in the mid and smallcap space and they are growing at, say, 30-40%, a lot of the EMS companies are in the midcap space, they are growing at 30-40%. Obviously, these stocks have also rallied. But we think where there is earnings support, these mid and smallcaps can continue growing.

DGCA) has asked airlines with Boeing 737 planes not to do landings in less than 150 feet and to conduct training for their pilots for a scenario where the rudder is jammed, restricting its control. This is after the National Transport Safety Board (NTSB), the accident investigator of the US, issued an urgent safety alert last week for a potential rudder failure in the 737 aircraft. The incident was discovered after a United Airlines Boeing 737 Max 8 experienced “stuck” rudder pedals while landing at Newark Liberty International Airport in February. DGCA’s advisory will not immediately impact any airline as low visibility conditions with visual range as low as 150 feet is not prevailing in the country, say experts. However, if the issue is not sorted before the foggy days of December, airlines may face challenges with some of their planes barred from operating from the Delhi Airport.

Federal authorities say they're investigating the emergency landing of a Frontier Airlines plane in Las Vegas

Women make up roughly half of U.S. labor union membership, but representation in top level union leadership positions has lagged, even in female-dominated industries, and particularly for women of color

Subscribe to enjoy similar stories. The Dubai-based air carrier Emirates has banned pagers and walkie-talkies from its flights after a bunch of these exploded recently in the hands of Hezbollah militants, leaving at least 40 dead and thousands injured.

Despite some airlines collapsing or consolidating, Canadians air passengers can expect more seats and even some deals heading into the Thanksgiving long weekend this year.