Airlines Financial News

The first Black pilot hired at a major U.S. airline has died at age 89

WASHINGTON (Reuters) — The head of National Transportation Safety Board said Wednesday investigators still do not know who worked on a Boeing (NYSE:BA) 737 MAX 9 door plug involved in a Jan. 5 Alaska Airlines mid-air emergency and that video footage was overwritten.

AirAsia chief Tony Fernandes plans to seek fresh funding in Southeast Asia’s equities markets after a much-touted SPAC listing in the U.S. later this year. Options for fundraising include revisiting plans for an initial public offering of aviation assets in the Philippines, doing a share placement in Indonesia, and eventually listing a host of nonaviation units, Fernandes said in an interview.

As Indians increasingly opt for international holidays, especially after covid, the country’s airlines are following their flight trajectories. This has led to a sharp rise in the share of domestic airlines carrying passengers to global destinations from India, with growth rates to match albeit on a lower base. Experts say this trend is here to stay even as airlines focus on adding capacity to international routes to cater to rising demand.

Investing.com — The S&P 500 closed at a record high Tuesday as U.S. stocks took a hotter-than-expected inflation report in stride, underpinned by fresh bullish bets in tech.

By David Shepardson

A 'Mornings with Maria' panel discusses the U.S. economy and markets after the January year-over-year CPI comes in at 3.1%.

NCLAT) on Tuesday directed the monitoring committee of Jet Airways to complete the transfer of the airline's ownership to Jalan Kalrock Consortium (JKC) within 90 days. It also directed JKC to obtain an air operator's certificate within this period. The tribunal also allowed the adjustment of the performance bank guarantee (PBG) of ₹150 crore towards the first tranche payment of ₹350 crore. JKC's counsel said, «NCLAT has approved the implementation of the resolution plan as originally approved without any deviations and has given directions to lenders for specific and immediate implementation.» Jet Airways did not comment on the tribunal's orders till press time. «The PBG of INR 150 crore, which is lying with the monitoring committee, shall be adjusted towards the first tranche payment of Rs 350 crore as INR 200 crore has already been paid by the SRA,» said the NCLAT. JKC had deposited ₹200 crore in two tranches by September last year. The lenders had argued that JKC had not complied with the conditions of the resolution plan, ranging from payment of airport dues to payment of the first tranche, and hence could not transfer the ownership of the airline.

Officials are investigating what caused a “strong shake” before a sudden plunge on a plane traveling between Australia and New Zealand

Shares of Southwest are plunging as the airline said that it plans to reduce capacity and reevaluate its full-year financial outlook because of fewer expected aircraft deliveries from its supplier, Boeing

Authorities in South Carolina say a former Boeing manager who raised safety questions about the aircraft maker has been found dead

Stocks that are trading heavily or have substantial price changes on Tuesday: Southwest Airlines, Asana fall; Oracle, 3M rise

FRANKFURT (Reuters) — Lufthansa's cabin crew union has called on its members to strike at Lufthansa and short-haul carrier CityLine on Tuesday and Wednesday to press their demands for higher pay.

Investing.com -- Here are stocks making moves in premarket U.S. trading on Tuesday. Please check back later for updates:

Air Canada flight last week, a baby was born mid-air as the plane was forced to divert after a passenger went into early labour.Flight AC Rouge 1879 was flying from St.

Shares of Southwest Airlines (NYSE:LUV) dropped more than 6.7% in premarket trading Tuesday after the low-cost carrier announced it will cut capacity and adjust schedules, mainly for the latter half of 2024.

air passenger market by 2030, after China and the US, as per the International Air Transport Association (IATA). The aviation market, estimated at $13.5 billion in 2024, is projected to reach $23.2 billion by 2029, implying a compounded annual growth rate (CAGR) of 11.4% during 2024-2029. No nation in the world is buying as many aeroplanes as India.

₹60.57 apiece on BSE. The stock touched an intraday low of ₹54.60 and a high of ₹60.58 apiece.

Transportation Secretary Pete Buttigieg is turning up the heat on Boeing

Bharti Airtel: The telecom major is anticipated to be the frontrunner in the forthcoming auction of eight spectrum bands, given that Reliance Jio has already made substantial acquisitions in the 2022 auctions and Vodafone Idea is currently grappling with financial constraints. The auction is scheduled to commence on May 20. Bharti Airtel is expected to renew its licenses for 42MHz of spectrum in the 1800MHz and 900MHz bands across six circles.

By David Shepardson