Sky News reported that British Airways pilots rejected IAG's proposal to overhaul their pay on Thursday. According to the report, the airline's proposals included a 4% pay rise, but were paired with a cut in pension contributions and the reduction of the hourly Flying Pay Bonus awarded to pilots. The rejection highlights the tensions between British Airways' pilots and the carrier, as they both seek to change long-term career and pay structures while offering modest wage increases. The British Airline Pilots' Association said that they had communicated the democratic decision of their members to British?Airways. While a pay deal for...

Air Canada lowered its full-year profit forecast for the year on Thursday as the war in Iran increased jet fuel prices and clouded the outlook. Fuel prices have almost doubled since the start of the conflict, trapping airlines between rising expenses and tickets purchased months in advance with 'fixed fares. The surge in demand has forced airlines to adopt a mitigation strategy, resulting in capacity cuts, fare increases, and increased fees for services like checked baggage. Air Canada also reduced some flights to New York in the future to cut fuel costs. The carrier announced a core profit forecast for...

Officials said that Bangladesh signed a deal to purchase 14 Boeing aircraft on Thursday, marking a departure from Europe's Airbus due to trade pressures from Washington. Officials have not disclosed the value of the transaction, but at list prices the deal would be worth about $3.7 billion. Boeing will provide a mixture of narrow-body and large-body aircraft to Biman Bangladesh Airlines. This includes 10 787 Dreamliners and four 737 MAX Jets. The national carrier is looking to modernise its fleet and increase capacity in order to meet the rising demand. Unable to provide further details, an official of the Biman...

According to American Airlines, the first flight to Caracas from Miami was launched on Thursday after seven years. American resumes daily service to Venezuela by offering flights via an Embraer 175, through Envoy, a wholly-owned regional subsidiary. The company plans to start a second daily flight on May 21. The first flight will land Thursday afternoon. It is expected to include government officials and journalists. Sean Duffy, the U.S. Transportation secretary, lifted a ban on?U.S. airlines flying to Venezuela in January 2019. After President Donald Trump ordered him to do so, American Airlines was granted permission to fly into Venezuela...

Middle Eastern carriers increased capacity after the U.S. - Israel war against Iran caused severe disruption. Airlines outside the Gulf are continuing to reroute routes between Europe and Asia away from major hubs. The latest flight information is listed below alphabetically: AEGEAN AIRLINES On April 28, Greece's biggest carrier resumed flights from Athens to?Tel Aviv. Flights to Tel Aviv will also resume from Heraklion and Rhodes from May 21. Thessaloniki-Tel Aviv flights are cancelled until June 26. Flights to Beirut will resume on May 12, and flights to Riyadh, Amman and Amman are scheduled to resume on May 21. Dubai...

The chief executive of technology startup Netomi revealed this week that the company has raised $110 million through a Series C funding round led by Accenture. Netomi, founded a decade or so ago, uses artificial intelligence for customer service at companies such as United Airlines, Delta Air Lines and DraftKings. CEO Puneet mehta spoke on the sidelines on Tuesday of the Momentum AI Summit in New York. Recent improvements in large language models, such as those that run?ChatGPT, have raised expectations about how well bots can resolve customer issues without the need for a human representative. Mehta stated that Netomi,...

Bangladesh is set to sign an agreement?on Thursday?to buy 14 'aircraft?from U.S. aircraft manufacturer Boeing, according to officials. This marks a departure from Europe's Airbus due to trade pressure from Washington. Officials have not disclosed the value of the agreement, which will provide Biman Bangladesh Airlines with a mixture of narrow-body and large-body aircraft as it looks to expand its capacity and modernise their fleet to meet the rising demand. An official of the aviation ministry, and a representative from Biman have confirmed that an agreement will be signed in Dhaka on Thursday night. The officials spoke under condition of...

Air France-KLM said that it expects to see its fuel bill increase by 2.4 billion US dollars in this year due to the disruption of the energy markets caused by the Iran War. It also downgraded the outlook for its capacity. Jet fuel accounts for more than one-third of airline costs. EasyJet, TUI and other European airlines have revised their forecasts since the Middle Eastern conflict began at the end February. Jet fuel hedges that they have taken out to protect themselves from price increases are no longer able to keep them safe, given the size of the spikes. CEO...

Rolls-Royce, a British 'engineering' company, said that it would abide by its guidance to increase profits at least 16% in this year and be able to mitigate the disruptions caused by the Middle East war. Rolls-Royce is the engine manufacturer for the Airbus A350 widebody jets and Boeing 787 widebody planes. This means that its airline customers were affected by the disruptions to air travel in the first weeks of the Iran War, which began in late February. The air travel industry has recovered somewhat since the conflict, but airlines that pay 'Rolls' for the hours of flight they use...

Air France-KLM reported a smaller loss in the first quarter than expected on Thursday, but it downgraded the outlook for its capacity on the basis that geopolitical uncertainties are linked to the U.S./Israeli war against Iran and the rising costs of jet fuel. EasyJet, TUI and other European airlines have revised their forecasts due to the shrinking jet fuel hedges. The airlines expect to feel the effects of the Strait of Hormuz closure more intensely in the next few months. Ben Smith, Air France-KLM's Chief Executive said that fuel price increases have not yet been reflected in today's results. However,...

China's top three state-owned carriers returned to profitability in the first quarter. This was due to the robust demand for travel during the Lunar New Year and the recovery of global travel. However, the outlook has been overshadowed by higher fuel prices because of the war in Iran. China Southern Airlines, based in Guangzhou, reported a net loss of 747 millions yuan for the same period of last year. Air China, the country's flagship carrier, posted a net profit of 1.71 billion Yuan compared to a loss last year of 2.04 billion Yuan. Shanghai-headquartered China Eastern Airlines reported a net...

Spirit Airlines has said that no bankruptcy court hearings will be held on Thursday, as talks with lenders continue over terms of a possible $500 million U.S. Government?rescue. In a court document filed on Wednesday, the airline said that talks are continuing and that lenders haven't filed a notice in New York Federal Court that would trigger a liquidation within seven business days. Last week, President Donald Trump stated that his administration was interested in buying the struggling airline for the "right price." The Florida budget carrier is running out of time. Marshall Huebner, a Spirit lawyer, said that Spirit...