Airlines Financial News

Air Canada is offering passengers who have booked flights around the date of a possible pilot strike next month some increased flexibility in rebooking their travel.

Labor Day 2024 in the USA is just days away and millions of Americans will be travelling. Airports, highways, beaches and theme parks are expected to be packed for the long holiday weekend. The Transportation Security Administration anticipates screening more than 17 million people between Thursday and next Wednesday — a record for the Labor Day period. AAA says bookings for domestic travel are running 9 per cent higher than last year for the holiday weekend, while international trips are down 4 per cent. American Airlines plans to have its largest Labor Day weekend operation ever and expects a 14 per cent increase in passengers compared to last year. If you are traveling to get a last blast of summer, here is a rundown of what you need to know.

MH370 flight mystery has been surrounded by a number of claims and conspiracy theories. However, in spite of the searches, the missing plane couldn't be tracked. Now, an Australian researcher has claimed to detect what he called «perfect hiding place» for Malaysia Airlines MH370 flight. An adjunct researcher at the University of Tasmania Vincent Lyne has claimed that MH370 flight disappeared in the south-eastern Indian Ocean's 20,000ft-deep oceanic plateau «hole» — Broken Ridge. Malaysia Airlines plane MH370 flight with 239 on board went off the radar as the Boeing 777 aircraft flew over Vietnam's airspace during the scheduled journey to Beijing from Kuala Lumpur.

Ron Epstein, senior aerospace analyst at Bank of America, weighs in on the current state of the aerospace giant Boeing as the company names their new CEO.

NASA says it won't use Boeing's Starliner capsule to bring two stranded astronauts back to Earth

Labor Day weekend is the last blast of summer vacation, and that means lots of Americans will be traveling

An apparent cyberattack disrupted internet, phones, email and other systems at Seattle-Tacoma International Airport for a third day on Monday

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A high-ranking Delta Air Lines executive is leaving the company, just a few weeks after Delta canceled thousands of flights and struggled to recover from a technology outage

IndiGo will be soon launching the gender-neutral option of honorific 'Mx' for passengers at the time of booking tickets, as part of larger efforts to boost inclusivity. The low-cost carrier, which has a domestic market share of 62 per cent, aims to increase by two-fold the number of individuals with disabilities employed by it. The airline will be introducing the 'Mx' option at the time of booking for passengers and that will provide a choice for transgenders who do not want to identify themselves, Sukhjit S Pasricha, Group Chief Human Resources Officer at IndiGo, told PTI. At present, the only options available on the airline's website during the booking process are 'male' and 'female.'

Although the wait time for US visitor visa appointments in India has decreased from a peak of 999 days at the end of 2021, it still exceeds a year. The US Department of State website Friday showed wait times for B1/B2 visa interview at 459 days in Chennai; 450 in Mumbai; 407 in Hyderabad; 381 in Kolkata and 379 in Delhi.

InterGlobe Enterprises, the biggest shareholder of IndiGo airline, has opened its boutique lifestyle hotel Miiro in Paris and Barcelona and is looking to add more properties in Europe over the next couple of years, a top official said. Neena Gupta, CEO of Miiro, said Le Grand Hotel Carye in Paris opened in July and Borneta in Barcelona this month. The entry-level luxury lifestyle hotel brand will continue back-to-back launches into 2025 with London and Vienna. Templeton Garden in London, located in the leafy area of Earl's Court, will offer 156 rooms, complemented by a cafe-deli, a neighbourhood restaurant, a vibrant bar, and an outdoor F&B experience in an expansive garden oasis in the Spring of 2025, she said.

NASA's announcement Saturday that it won't use a troubled Boeing capsule to return two stranded astronauts to Earth is a yet another setback for the struggling company, although the financial damage is likely to be less than the reputational harm. Once a symbol of American engineering and technological prowess, Boeing has seen its reputation battered since two 737 Max airliners crashed in 2018 and 2019, killing 346 people. The safety of its products came under renewed scrutiny after a panel blew out of a Max during a flight this January. And now NASA has decided that it is safer to keep the astronauts in space until February rather than risk using the Boeing Starliner capsule that delivered them to the international space station. The capsule has been plagued by problems with its propulsion system.

₹3,000 crore fund infusion to reclaim its spot in the skies as it seeks to emerge from an unending series of struggles that have weighed it down for several years. The airline, which had almost shut down in 2014 due to financial distress, expects to get its grounded aircraft up again as it raises money from multiple sources. But it still has to contend with multiple challenges, including legal hurdles, millions of dollars in unpaid dues, and stiffer competition that has eroded its market share.

Goods and Services Tax Intelligence (DGGI) has dropped a tax demand of about ₹3,000 crore for 2017-18 against 18 foreign shipping companies operating in the country, people familiar with the matter said. The move brings cheer to foreign shipping lines, such as Maersk, Orient Overseas Container Line Ltd and Hapag Lloyd Mediterranean Shipping, who were facing notices for non-payment of goods and services tax (GST) on import of services from July 2017 onwards. The tax demand was dropped after the shipping companies gave a joint undertaking that there was no import of services in 2017-18, the people said.

Air Canada pilots will be taking to the picket lines next week in advance of a possible work stoppage.

regulator Directorate General of Civil Aviation (DGCA) has slapped a fine of ₹90 lakh on Air India for operating a flight on July 9 from Mumbai to Riyadh with an unqualified crew. Besides, the watchdog has slapped fines of Rs 6 lakh and Rs 3 lakh on Air India's Director of Operations and Director of Training, respectively, for the lapse. «Air India Ltd operated a flight commanded by a non-trainer line captain paired with a non-line-released first officer which has been viewed by the regulator as a serious scheduling incident having significant safety ramifications,» the release said.

Air India Limited for operating flights with non-qualified crew members. Further, the aviation watchdog also penalized the Director Operations and Director Training of Air India, issuing fines of Rs 6 lakh and Rs 3 lakh respectively. Earlier in March, the airline was fined for violation of pilot rest period rules of DGCA and a penalty of Rs 80 lakh was imposed.

Italian authorities have launched an investigation after two easyJet flight attendants were injured when their flight from Corfu to London’s Gatwick Airport was buffeted by turbulence earlier this week

American Airlines flight despite bleeding from his head. The incident occurred when he and his companion, Yusleydis Blanca Loyola, 32, boarded a flight at Miami International Airport. The flight crew noticed Hernandez-Garnier had a bloody bandage on his head, indicating a wound, as per the reports of Daily Express US. The Miami-Dade police advised Hernandez-Garnier to clean the blood and replace his wound's dressing. However, he informed them he did not have any fresh dressings. The flight crew, concerned about health risks and potential contamination from bodily fluids, asked the couple to leave the plane. Despite the request, Hernandez-Garnier and Loyola refused to comply, reportedly stating that if they couldn't fly, no one else should either.

Jennifer Lopez officially filed for divorce from Ben Affleck, her fourth husband, on Tuesday. According to Page Six, Ben Affleck and Jennifer Lopez's problems started during their honeymoon in Lake Como, Italy. During their honeymoon, the couple went on a number of public engagements that were jam-packed with shopping and PDA and cameras were there to document it all. He didn't like that photographers were pursuing them everywhere. He pretended to be surprised that they would be followed around, even though she is a popular celebrity, the source claimed. According to sources, Affleck and Lopez had issues from the beginning of their marriage. They would hardly speak to each other during what was supposed to be the happiest time of their lives when they weren't in front of the cameras. He convinced her that he had changed, but that didn't last long. An additional insider reported that as soon as his sobriety started to settle in with normality, Affleck realized that their rekindled puppy love was not real after all. He was just getting sober when they resumed their relationship. Regardless of how their chemistry contributed to his vulnerability, the insider claimed that he was acting agitated. Also Read: Why was a bleeding passenger forcibly removed from an American Airlines flight?