Airlines

United Airlines faced a shrinking profit margin in the second quarter due to industrywide domestic overcapacity driving down fares and leading to more empty seats on aircraft. The financial challenges faced by discount U.S. carriers played a significant role in this decline. United executives expressed confidence that the situation would improve in mid-August as airlines
Spirit Airlines is facing challenges in the second quarter as it anticipates worse-than-expected results. The airline now expects an adjusted operating loss between $160 million and $173 million, which is higher than the initial guidance provided in early May. Additionally, the operating margin is projected to be between minus-12.5% and minus-13.5%, indicating a significant decline
American Airlines’ AAdvantage Business program has recently made a significant change by awarding miles and loyalty points for bookings made via travel agencies. This change, implemented on July 16, reverses American’s previous policy of only rewarding AAdvantage Business participants for direct bookings. This marks a shift in their strategy since last October when American rebranded
American Express is once again elevating the airport lounge experience with the opening of their 29th Centurion Lounge at Washington Reagan National Airport on July 17. What sets this lounge apart is the collaboration with three renowned chefs: Michelle Bernstein, Ravi Kapur, and Michael Solomonov. Unlike any other Centurion Lounge, this location will feature dishes
The onset of Mexican President-elect Claudia Sheinbaum’s administration has sparked optimism from the International Air Transport Association (IATA) regarding improved aviation relations between the U.S. and Mexico. However, there is concern about the alignment of Sheinbaum’s policy goals with those of her predecessor, Andres Manuel Lopez Obrador. This continuity in policy could potentially hinder the
Delta Airlines is currently considering the possibility of unbundling its forward cabin offerings, according to statements made during the airline’s second-quarter earnings call. The Delta president, Glen Hauenstein, hinted at a significant announcement that may be coming soon. This move could potentially change the way passengers experience flying with Delta, and it has sparked interest
Regional carrier Mesa Airlines recently made the decision to furlough twelve pilots and halt training for 41 incoming pilots, signaling a potential shift in the pilot shortage that has plagued the industry since the end of the pandemic. This move comes as a direct result of hiring freezes and reductions at major carriers, who often
Southwest Airlines recently made a strategic move by appointing Rakesh Gangwal, a co-founder of India’s largest carrier, IndiGo, to its board of directors. This decision comes in response to pressure from the activist investor group Elliott Management, which has been critical of Southwest’s lack of board members with experience in the airline industry outside of
This summer, the airline industry is experiencing a surge in passenger numbers, setting new records for the number of customers being transported. The trade group Airlines for America (A4A) projects that U.S. carriers will ferry a whopping 271 million passengers from June through August, which is a 6% increase from last year’s already record-breaking numbers.