Airlines Financial News

Air Canada AC.TO lifted forecast for its 2024 core profit on Friday, as Canada’s largest carrier benefits from resilient demand for international travel.

Akasa Air will operate four non-stop flights a week, connecting Mumbai with Doha, enhancing air connectivity between Qatar and India," the airline said in a release. Bookings for flights are now open on Akasa Air’s website www.akasaair.com, Android and iOS app and through multiple leading OTAs, with return fares starting at ₹29012. With this, Akasa Air becomes the first Indian airline to fly overseas in a record period of 19 months since its inception.

first crossed the 10 lakh domestic passengers per month mark in October 2014. In the same month, IndiGo carried 18.9 lakh domestic passengers. IndiGo ferried 79.09 lakh domestic passengers in January 2024, while Air India went on to its highest-ever number of 15.97 lakh.

₹100 crore per year. The lay-offs have already begun and the exercise is expected to be completed by March. "As part of our turnaround and cost-cutting strategy, following the recent fund infusion, SpiceJet has initiated several measures, including manpower rationalization, aimed at achieving profitable growth and positioning ourselves to capitalize on the opportunities in the Indian aviation industry," a SpiceJet spokesperson had said on the lay-offs.

By Tim Hepher

WestJet passenger says she was kicked off a flight for using the airplane’s bathroom too much before takeoff.Joanna Chiu, a B.C. author, revealed in a series of posts to X (formerly Twitter) that she was forced to leave the aircraft departing Mexico before takeoff after making frequent trips to the washroom, caused by an “upset stomach.”“Just got kicked off a @WestJet flight from Mexico because I had an upset stomach and was going to the washroom too much before takeoff.

Scandinavian Airlines says one of its planes has struck a fence at the Oslo airport, causing minor damage to the aircraft and no injuries

₹1.8 lakh for a 40-minute circling time to ₹2.6 lakh for 60 minutes. This not only increases airfares for customers but also affects the efficiency of airport operations, resulting in long wait times and delays, the ministry added.

Flight attendants for major U.S. airlines are holding rallies at airports around the country to push for higher pay

Federal accident investigators are pushing for better cockpit voice recorders

A nasty storm with 60 mph winds is raking parts of the Northeast creating dangerous conditions on the road and it's leading to a lot of cancelled flights

carbon capture approaches. The technology? Sunlight and seawater. The company, Banyu Carbon, says it has developed an ocean carbon dioxide removal (CDR) system that relies on a synthetic molecule that, when exposed to light, changes shape and becomes acidic. When it interacts with seawater, the resulting process scrubs CO2. Though the company is currently working at the gram scale, its technology holds the promise of a low-cost way to limit global warming. “The main problem we're trying to solve is that carbon removal takes a ton of energy,” says Banyu co-founder and Chief Executive Officer Alex Gagnon, a chemical oceanography professor who spun the startup out of the University of Washington in 2022 with colleague Julian Sachs. (A marine organic chemist and Banyu’s chief technology officer, Sachs previously conducted fieldwork in the Pacific, and “Banyu” is an Indonesian word for “seawater.”)

United States, the UK and Guam on Tuesday. Picketing members included cabin crew from 24 airlines including Alaska, Southwest Airlines, United Airlines and American Airlines. Shares of Alaska Air fell 2.1% in afternoon trade.

Mumbai airport to reduce flights as it had given excess slots that was causing congestion, leading to a situation where aircraft were hovering over the airport for as long as 60 minutes. An airport slot is a period of time during which an aircraft can take off or land. The ministry said the airport operator didn't take steps to streamline and regulate the air traffic movement.

Civil Aviation on Tuesday said that it had to force Mumbai Airport to reduce flights as the airport had given excessive slots which was causing congestion leading to a situation where aircraft are hovering above the airport for as long as 60 minutes. An airport slot is a period of time during which an aircraft can take off or land. It said that the airport operator didn’t take steps to streamline and regulate the air traffic movements.

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

True or false: There’s a no-fly list for dogs and your pet might be on it. Travelers like Megan Moskowitz say it absolutely exists. When Moskowitz tried to fly with her dog, an English cocker spaniel named Maci, to visit family in Indiana, she says United Airlines agents at Newark Liberty International Airport wouldn’t let Maci on the plane.

CRISIL Ratings. This comes after a notable increase this fiscal year, fuelled by a robust recovery in passenger traffic, the ability to adjust volatile fuel prices, and stability in foreign exchange rates. This will support their credit metrics despite a significant increase in debt (including lease liabilities) expected through this and the next fiscal years to fund fleet additions. An analysis of three airlines, which account for two-thirds of India’s air traffic, indicates as much.

artificial intelligence rules ahead of a vote by the legislative assembly in April that will pave the way for the world's first legislation on the technology. Called the AI Act, the new rules aim to set the guardrails for a technology used in a broad swathe of industries, ranging from banking to cars to electronic products and airlines, as well as for security and police purposes.

Mint had reported it first on 4 February of Go First likely to get another 60-day extension in the moratorium period to complete the insolvency process. Go First has filed this plea in NCLT for an extension of the corporate insolvency resolution process after completing its initial 90-day extension, which expired on 4 February.

Federal officials are investigating an incident in which an American Airlines jet ran off the end of a runway after landing at Dallas-Fort Worth International Airport over the weekend