Airlines Financial News

Court on Wednesday directed SpiceJet Ltd's chief financial officer to appear before it on August 8, if the airline failed to make the balance payment of Rs 20 crore to its engine lessors--Team France 01 SAS and Sunbird France 02 SAS.

One remarkable aspect of Kingfisher having gone out of business as an airline is the fact that we can still be invited to “get high" on Kingfisher. While it refers to a colourful bird, the carrier took its name from a popular brand of beer marketed by the same UB Group. Until it folded up, this group’s aviation play was clearly a business in its own right.

Consumer advocates are criticizing a court decision to hold up a Biden administration rule that requires airlines to more clearly disclose fees for baggage and changing a ticket

Spirit Airlines is about to roll out tickets that include perks like free snacks and no fee for checking a bag

Robertson Stephens is extending its reach yet again with its fourth acquisition of the year.

Airline catering company Gategourmet and unions representing about 8,000 workers say they have a tentative agreement on a new contract

Air New Zealand has scrapped its 2030 carbon emissions reduction targets, citing lags in producing new planes, a lack of alternative fuel and “challenging” regulatory and policy settings

IndiGo and SpiceJet have canceled a dozen flights scheduled around noon, marking potentially the first instance of flight cancellations owing to high temperatures.

WestJet and Whitehorse-based Air North have announced a new agreement that will allow single-ticket travel across both airlines’ networks.

Airline catering workers are threatening to go on strike next week if they don't get pay raises and better health insurance

government plans to operationalise 12 more airports across 8 states and Union Territories, including one at Shibpur in Car Nicobar, under the regional air connectivity scheme this year. Currently, 579 routes connecting 85 airports — including 13 heliports and 2 water aerodromes — have been operationalised under the UDAN (Ude Desh ka Aam Naagrik) scheme that was introduced in 2016.

Few industries do well when their products keep breaking down. Jet-engine makers are currently an exception—and this is raising eyebrows. Shares in RTX Corporation hit a record high last week after the aerospace conglomerate significantly beat second-quarter earnings forecasts.

pilot fatigue is mainly attributed to factors such as extended flying hours exceeding 10 hours per day, consecutive night shifts, rapidly changing weekly schedules that disturb circadian rhythms, and schedules that adhere strictly to the minimum required rest periods, reported TOI.

Vistara has said that it will provide 20 minutes of complimentary Wi-Fi on its international flights operated by Boeing 787-9 Dreamliner and Airbus A321neo aircraft. This makes Vistara the first Indian airline to offer free Wi-Fi to its passengers.

Small business owners in Paris expected a boon in visitors once the Olympics arrived

U.S. stocks are rising, a day after their worst losses since 2022 led to a wipeout for financial markets around the world

Germany’s busiest airport canceled more than 100 flights as environmental activists launched a coordinated effort to disrupt air travel across Europe at the height of the summer holiday season to highlight the threat posed by climate change

Southwest Airlines plans to drop the open-boarding system it has used for more than 50 years and will start assigning passengers to seats, just like all the other big airlines

CrowdStrike's July 19 update is estimated to cost $5.4 billion to the US Fortune 500 companies, according to the insurer Parametrix reporter, The Guardian reported on July 24 (BST) as the cybersecurity firm announced to make changes in its system to prevent such a crash from happening again.The estimated financial losses exclude those of Microsoft, whose systems suffered a global operation failure after the update. Sectors like Banking, Healthcare and major airlines, are expected to experience the most impact, according to the insurer Parametrix quoted in the report.According to the report, the total insured losses for non-Microsoft Fortune 500 companies are likely to range from $540 million to $1.08 billion.Multiple industries are struggling to recover from the damage caused by the Crowdstrike outage, which failed payment systems, grounded airlines, and caused a crisis in hospitals.

heavy rains continued to lash Mumbai. Runway operations at the Mumbai airport had to be halted twice as the visibility dropped to 300 meters, even as airlines issued advisories to passengers to arrive early at the airport in view of traffic congestion and water-logging in parts of the metropolis.

Interpol tip-off, officials reported.