Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

Mr. Jhunjhunwala’s Akasa Air comes at a time when aviation industry is reeling from the impact of the pandemic Billionaire Rakesh Jhunjhunwala’s plan to launch an ultra-low-cost airline, could give plane maker Boeing a chance to regain lost ground after the fall of one of its biggest customers, Jet Airways, two years ago, industry executives… Continue reading Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

Wizz Air forecasts gradual travel recovery into late summer

FILE PHOTO: A Wizz Air Airbus A320 at Luton Airport, Luton, Britain, May 1, 2020. REUTERS/Andrew BoyersLONDON (Reuters) -Hungarian low cost airline Wizz Air forecast flying would only recover gradually into late summer, as the travel industry enters a second year of pandemic restrictions. Wizz Air said on Thursday it thought the pace of the… Continue reading Wizz Air forecasts gradual travel recovery into late summer

Air France-KLM to raise 1 billion euros via share issue

PARIS (Reuters) – France is bailing out stricken Air France-KLM via a one billion euro share issue that will more than double its stake in the airline to nearly 30% while its Dutch co-owners ruled out taking part in the refinancing, terms of a proposed capital increase showed on Monday.FILE PHOTO: KLM airplanes are seen… Continue reading Air France-KLM to raise 1 billion euros via share issue

Malaysia's AirAsia Group plans air taxi, drone delivery service

KUALA LUMPUR (Reuters) – Malaysia’s AirAsia Group Bhd plans to launch an air taxi service and the country’s first drone delivery service as the budget carrier seeks to diversify amid the coronavirus pandemic, the company’s CEO said on Saturday.FILE PHOTO: Tail of AirAsia X plane as seen at the Garuda Maintenance Facility AeroAsia in Tangerang,… Continue reading Malaysia's AirAsia Group plans air taxi, drone delivery service

White House COVID-19 official to meet with airline CEOs Friday: sources

WASHINGTON (Reuters) – The chief executives of major U.S. airlines are scheduled to meet virtually on Friday with the White House’s COVID-19 response coordinator to discuss a number of travel-related issues, three people briefed on the matter told Reuters on Wednesday.Slideshow ( 2 images )The meeting with coronavirus response coordinator Jeff Zients and other administration… Continue reading White House COVID-19 official to meet with airline CEOs Friday: sources

Japan's ANA shares drop on report airline to raise $1.9 billion in share sale

FILE PHOTO: The logo of All Nippon Airways (ANA) is seen on its counter amid the coronavirus disease (COVID-19) outbreak, at a terminal of the Tokyo International Airport, commonly known as Haneda Airport, in Tokyo, Japan October 27, 2020. REUTERS/Kim Kyung-HoonTOKYO (Reuters) – Shares of Japan’s ANA Holdings Inc on Tuesday sank as much as… Continue reading Japan's ANA shares drop on report airline to raise $1.9 billion in share sale

Airline stocks fall sharply on Trump move to end to stimulus talks

WASHINGTON/CHICAGO (Reuters) – Shares of major airlines fell on Tuesday after U.S. President Donald Trump said his administration would abandon talks with congressional Democrats over proposals to spend at least $1.6 trillion in additional coronavirus relief funds.FILE PHOTO: American Airlines 737 max passenger planes are parked on the tarmac at Tulsa International Airport in Tulsa,… Continue reading Airline stocks fall sharply on Trump move to end to stimulus talks

American Airlines delays Boeing 737 MAX pilot training, union says

FILE PHOTO: A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, U.S., April 5, 2020. REUTERS/Joshua RobertsCHICAGO (Reuters) – American Airlines AAL.O has delayed plans to begin scheduling Boeing Co <BA.N 737> MAX training for its… Continue reading American Airlines delays Boeing 737 MAX pilot training, union says

U.S. airlines face grim winter, with or without a bailout

CHICAGO/WASHINGTON (Reuters) – U.S. airlines face a winter test of their finances and question marks over the reach of their domestic flight networks after failing, for now, to win fresh federal aid.FILE PHOTO: A United Airlines plane is seen in the background as a passenger sits in Terminal C of the IAH George Bush Intercontinental… Continue reading U.S. airlines face grim winter, with or without a bailout

U.S. House COVID-19 aid proposal gives airlines bailout hope, but chances slim

CHICAGO/WASHINGTON (Reuters) – A $2.2 trillion draft bill for coronavirus aid unveiled by Democrats in the U.S. House of Representatives late on Monday gave airlines some hope for a second bailout before tens of thousands of layoffs occur on Thursday, although tough hurdles remained.FILE PHOTO: American airlines jets made by Embraer and other manufacturers sit… Continue reading U.S. House COVID-19 aid proposal gives airlines bailout hope, but chances slim

U.S. passenger airline traffic rising, but still down sharply over 2019

WASHINGTON (Reuters) – U.S. passenger airline traffic continues to rebound over historic lows after the coronavirus pandemic, but is still down sharply over 2019 levels. The U.S. Transportation Department said Tuesday airlines carried 21.4 million passengers in July, up from 16.5 million in June, but still down 73% over July 2019 levels. On Friday, the… Continue reading U.S. passenger airline traffic rising, but still down sharply over 2019

U.S. airlines making push for new round of payroll assistance

CHICAGO/WASHINGTON (Reuters) – Major U.S. airlines are pressing U.S. lawmakers for a six-month extension of the $32 billion U.S. payroll support program for airlines, airports and contractors set to expire in September, warning that some flights may disappear otherwise and more jobs are at risk. Southwest Airlines (LUV.N)Chief Executive Gary Kelly said in a video… Continue reading U.S. airlines making push for new round of payroll assistance

U.S. lawmaker says seeking bipartisan legislation on airline mask rules

(Reuters) – A U.S. senator said on Wednesday he was hoping for bipartisan support in Congress for mandatory rules on masks for air travel after the head of the Federal Aviation Administration again resisted calls for a mandate. While most U.S. airlines are now requiring that passengers wear masks, the Department of Transportation (DOT) has… Continue reading U.S. lawmaker says seeking bipartisan legislation on airline mask rules

U.S. senators urge Delta, JetBlue to restore employee hours

(Reuters) – A group of U.S. senators is urging Delta Air Lines Inc (DAL.N) and JetBlue Airways Corp (JBLU.O) to immediately reverse their decisions to reduce employees’ hours, calling them contrary to the requirements of taxpayer-funded payroll assistance. Delta and JetBlue have already received a portion of $25 billion in CARES Act money meant to… Continue reading U.S. senators urge Delta, JetBlue to restore employee hours

U.S. senators urge Delta, JetBlue to backtrack on employee hour cuts

(Reuters) – A group of U.S. senators is urging Delta Air Lines Inc (DAL.N) and JetBlue Airways Corp (JBLU.O) to immediately reverse their decisions to reduce employees’ hours, saying that the moves are inconsistent with the requirements of taxpayer-funded payroll assistance. Delta and JetBlue have already received a portion of $25 billion in CARES Act… Continue reading U.S. senators urge Delta, JetBlue to backtrack on employee hour cuts

U.S. senators urge Delta, JetBlue to backtrack on employee hour cuts

(Reuters) – A group of U.S. senators is urging Delta Air Lines Inc (DAL.N) and JetBlue Airways Corp (JBLU.O) to immediately reverse their decisions to reduce employees’ hours, saying that the moves are inconsistent with the requirements of taxpayer-funded payroll assistance. Delta and JetBlue have already received a portion of $25 billion in CARES Act… Continue reading U.S. senators urge Delta, JetBlue to backtrack on employee hour cuts

U.S. airlines receive additional $9.5 billion in payroll support: Treasury

WASHINGTON (Reuters) – The U.S. Treasury Department has disbursed $9.5 billion in additional funds from the Payroll Support Program to U.S. air carriers, bringing to $12.4 billion the amount of funds provided to the sector hit hard by the coronavirus pandemic, the department said on Saturday. “Since announcing the first Payroll Support Program payments to… Continue reading U.S. airlines receive additional $9.5 billion in payroll support: Treasury

Alaska warned U.S. government its largest regional airline was on verge of collapse: letter

WASHINGTON/CHICAGO (Reuters) – Alaska’s congressional delegation warned U.S. Treasury Secretary Steven Mnuchin last week that many of its airlines, including its largest regional carrier, RavnAir Group, were on the verge of collapse, according to a letter seen by Reuters. “Without badly needed federal support, many of our air carriers are in danger of bankruptcy and… Continue reading Alaska warned U.S. government its largest regional airline was on verge of collapse: letter

American Airlines cutting international flights by 75% amid demand collapse

WASHINGTON/CHICAGO (Reuters) – American Airlines Inc said Saturday it plans to cut 75% of its international flights through May 6 and ground nearly all its widebody fleet, as airlines respond to the global collapse in travel demand due to the coronavirus pandemic. The dramatic announcement by the largest U.S. airline came hours after the White… Continue reading American Airlines cutting international flights by 75% amid demand collapse