United Airlines Chief Executive Officers Scott Kirby told CNBC on Wednesday that he does not expect the airline's vaccine mandate to have a negative impact on the company's operations. After deciding to make vaccinations compulsory for all of its employees, United Airlines threatened to fire 593 employees, all of...
Documents released on Friday show that Boeing Co has agreed to pay $237.5 million to shareholders in order to settle a lawsuit regarding the company's safety oversight of the 737 MAX aircraft. After the board of directors failed to identify a safety oversight before releasing this aircraft into the...
Delta Airlines publicly divulged its third-quarter financials on Tuesday, revealing an almost $5.4 billion loss on a net basis. This emphasized what CEO Ed Bastian called “the magnitude” of the effects that the coronavirus pandemic had on the airline industry.
While Delta met its expected total operating revenue of $3.1...
Pete Chareonwongsak, CEO of AirAsia logistics division Teleport, revealed on Wednesday that the Malaysian airline is in talks with Airbus SE over its interest in developing a new version of the A321neo passenger plane. While no development plans have been announced as of yet, AirAsia would be interested in...
Israel Aerospace Industries (IAI) announced on Wednesday that it has closed a deal with Etihad Engineering to establish an aircraft conversion site in Abu Dhabi in the United Arab Emirates. The site will be used to convert Boeing 777-300ER passenger planes into cargo aircraft. This site, which will be operating...
With the future of the largest U.S. aerospace manufacturer and exporter on the line, Boeing CEO Dave Calhoun now faces the challenge of rebuilding his company's sales in its core airliner business. Boeing is still suffering the detrimental impact of the coronavirus pandemic on air travel, as well as...
American Airlines President Robert Isom announced that the airline operated 150 international flights on Monday, a welcome change as the United States has decided to permit entry to non-citizens who are vaccinated against COVID-19. "We're seeing fantastic demand, 40,000 customers are coming inbound to the U.S. today," Isom revealed...
Ultra-low-cost carrier Avelo Airlines made its debut on Thursday, establishing its first base at Hollywood Burbank Airport just outside Los Angeles. With fares as low as $19, Avelo plans to offer flights between secondary airports along the West Coast of the United States.
With air travel dropping drastically since the...
American Airlines stated last week that it has cancelled over 1,400 flights over the weekend. This move comes as the airline struggles with a shortage of staff and unfavorable weather: "With additional weather throughout the system, our staffing begins to run tight as crew members end up out of...
In an effort to raise capital, low-cost airline EasyJet Plc is looking to sell 1.2 billion pounds ($1.65 billion) worth of shares in the company. This comes after the airline reportedly rejected an unsolicited takeover approach because this would undermine the values of the company.
In order to create an additional...