Norwegian Air to Shut Bases & Axe Routes to Cut Costs
OSLO, Jan 16 (Reuters) - Budget carrier Norwegian Air will axe a number of routes in Europe and to the U.S and the Middle East, shutting several bases as part of a cost-cutting plan announced…
Category: airline news
United Airlines Reports Full-Year and Fourth-Quarter 2018 Performance
PR Newswire - January 15, 2019 Q4 unit revenue up 5.0% year-over-year; full-year diluted 2018 EPS of $7.70; adjusted diluted EPS of $9.13 CHICAGO, Jan. 15, 2019 /PRNewswire/ -- In a departure from industry trends, United (UAL) announced today that…
Cathay Pacific Again Sells First-class Tickets at Economy Rates
From BBC News A group of lucky Cathay Pacific customers have scored first-class seats at economy prices, in the second fare blunder by the airline this month. Tickets on trips from Hong Kong to Portugal…
Etihad Reaches Deal for Rescue of India’s Jet Air
(Bloomberg) -- Etihad Airways PJSC has agreed to lead a rescue of cash-strapped Jet Airways India Ltd. in a move that will see the Abu Dhabi-based carrier double its stake to 49 percent, according to…
Indonesia Finds Crashed Lion Air Cockpit Voice Recorder
JAKARTA, Jan 14 (Reuters) - Indonesia has found the cockpit voice recorder from a Lion Air plane more than two months after the Boeing Co 737 MAX jet crashed into the sea near Jakarta, killing…
Avianca Brasil Lessor Set to Seize 20% of Airline’s Fleet
SAO PAULO, Jan 11 (Reuters) - Lessor Aircastle is set to repossess 10 jets from Avianca Brasil, the country's No. 4 airline, after a bankruptcy hearing on Monday, a source familiar with the matter said,…
India’s Debt-laden Jet Airways’ Rocky Ride
(Reuters) - Jet Airways Ltd, India's biggest full-service carrier, has been under dark clouds for the most part of the past year, and several efforts are on to save the sinking airline. While intense pricing…
American Airlines Shares Plunge on Weak Outlook
(Reuters) - American Airlines Group Inc (AAL.O) shares fell as much as 11 percent on Thursday after the biggest U.S. carrier cut its estimate for a closely watched measure of performance, raising concerns that slowing…
Spain Says Iberia Meets EU Airline Rules if No-Deal Brexit
MADRID (Reuters) - The Spanish government is confident national flag carrier Iberia will be able to fly across Europe in the event of a disorderly Brexit, even though the airline is majority-owned by Britain-based Anglo-Spanish…
ATR and Aurigny Confirm Order for 3 ATR 72-600’s
Guernsey-based airline will be launch customer for ClearVision™ Toulouse, 8 January 2019 – ATR and Aurigny today confirm the acquisition of three ATR 72-600 aircraft, following approval from the States of Guernsey and after the initial…