Airlines Financial News

Businesses from airlines to hospitals have been grappling with faulty software update that caused technological havoc worldwide on Friday

U.S. stocks closed broadly higher, clawing back some of the losses from their worst week since April

European planemaker Airbus plans to show off its newest passenger jet with daily flight demonstrations during one of the world’s biggest aviation trade fairs

Airlines, including Delta Air Lines, continued to struggle to restore operations two days after a faulty software update caused technological havoc worldwide and resulted in several carriers grounding flights

Delta Air Lines is struggling for a fourth straight day to recover from the tech outage, even as other airlines are returning to nearly normal levels of service

American Airlines and the union representing its flight attendants have a deal on a new contract

Cybersecurity firm CrowdStrike says a “significant number” of the millions of computers that crashed on Friday, causing global disruptions, are back in operation as its customers and regulators await a more detailed explanation of what went wrong

As the world continues to recover from massive business and travel disruptions caused by a faulty software update from cybersecurity firm CrowdStrike, malicious actors are trying to exploit the situation for their own gain

Transport providers, businesses and governments are rushing to get all their systems back online after long disruptions following a widespread technology outage

Thousands of flights have been canceled after a worldwide internet outage hit many leading airlines, forcing passengers to scramble to save their vacations and other trips

Tata AIG General Insurance, have received 'circumstances notifications' from major airlines including Air India following the global Microsoft outage on June 19, two sources said. The outage, which affected numerous institutions worldwide, may influence insurance pricing and coverage for the coming year.

software update caused havoc worldwide and led to the grounding by almost all airlines of a number of flights, but the impact is receding. Total cancellations within, into or out of the US early Monday totalled 758, according to the latest data from FlightAware, which is greater than a typical with no holiday. The vast majority of cancellations were Delta Air Lines flights.

global IT outage for the last few days has turned out to be the biggest technological crisis in history. The outage has also revealed the excessive dependency on a single company, Microsoft, that has now come into question, after banks, airlines, and various other important administrative services took a major hit. Even police authorities were not able to man their 911 lines and operations in various countries in the West due to the IT outage, begging the question why Microsoft has become the epicenter of all administrative activities.

Domestic airlines cancelled 7,030 scheduled flights this year till May 31, according to the civil aviation ministry. The carriers are to operate 4,56,919 scheduled departures in 2024, as per the data submitted by the ministry to the Rajya Sabha on Monday.

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Air Canada cut its full-year core profit forecast on Monday, as over-capacity in certain markets and competition on international routes impacted its pricing power.

Benchmark NSE Nifty closed 21.66 points down at 24509.25 amid selling in frontline bluechip counters.

Benchmark NSE Nifty index rose 9.5 points to 24540.4 amid buying in frontline bluechip stocks.

Airbus has shortlisted eight sites in India to open its second assembly line in the country in partnership with Tata Advanced Systems (TASL), weeks ahead of the inauguration of the first, which is for the C295 transport plane. The second plant will make the H125 and will be the fourth for the single-engine helicopter after factories in France, Brazil and the US. It will produce around 10 helicopters a year with the first of these debuting in early 2026. Airbus expects the Indian subcontinent excluding Pakistan to be a market for about 500 such helicopters over the next 20 years. The H125 starts at a list price of '30 crore. «The FAL (final assembly line) in India will not only make us competitive in terms of lead time, delivery time, it will also help us address the growth of the Indian market and possibly the demand from neighbouring nations,» Olivier Michalon, executive vice president, global business, Airbus Helicopters, told reporters in the French city, location of the helicopter's first assembly line. He expects the model to be as successful in India as the Airbus A320 is with the country's airlines. «H125 is our A320,» he said.

Boeing has a parking problem. Parts shortages and other issues have left the jet maker with about 200 fully or mostly finished airplanes sitting in airfields, outside plants and—in one location—an employee parking lot. Some of the planes are awaiting interiors; others need engines.

Airlines struggled on Saturday to contain the effects of Friday’s tech outage that had wrecked travel schedules around the world, delaying or stranding passengers and flight crews. The outage forced over 250 cancellations in India, part of about 7,000 worldwide, leading to chaos at airports. While carriers said they were getting a grip on the situation, the ripple effects were still being felt on Saturday with India’s largest airline IndiGo cancelling around 90 flights. The disruptions were expected to have a cascading effect because airport landing slots and support staff are limited, even with crews working at full stretch. “Regulations also limit how many hours crews can work at a stretch, including time spent waiting at airports. That can force airlines to find and assign other pilots and attendants to take over, leading to further delays,” an airline executive said. The outage, blamed on an errant software update, led to the collapse of Navitaire, the technology platform that’s used primarily by no-frills carriers to check in passengers.