Air India wants 'about $1.5 billion of fresh equity from its owners Tata Sons & Singapore Airlines. This comes months after Air India posted a record-breaking annual loss. This would be the largest request for funding from Air India made public since Tata acquired control of the former government-owned carrier in 2020. The letter highlights the challenges that the airline faces as it undergoes a multibillion-dollar overhaul, including refurbishment of the existing fleet. In the fiscal year ending March, the carrier and Air India Express' budget unit posted combined losses of 2,33 billion dollars. This is more than twice the...

Scott Kirby, CEO of United Airlines, said that he expected airfares to increase gradually in the first six months of 2027 but by less than they did this year due to a strong travel demand. "I believe you will still see gradual increases to fares." Kirby told journalists that the jump was not as large as it had been this year. These comments highlight the continued strength of the travel market, despite rising fares and broader economic uncertainty. Kirby stated that United has not seen a decline in demand, and they expect?that strength will help them recover higher fuel prices...

Many airlines are restoring flights in the Middle East after the conflict caused by the U.S.-Israeli strikes on Iran. However, major carriers remain cautious and many routes will still be suspended into the fall. KEY POINTS Some destinations are still affected, although the majority of flights have resumed. Dubai remains one of the worst affected destinations. Several European and Asian airlines have extended their suspensions until October or later. Through late October, multiple Lufthansa Group carriers will suspend flights to Dubai and Beirut. British Airways, Air Canada and Wizz Air all extended their?suspensions' on Middle East routes. Air France, meanwhile,...

Air India wants $1.5 billion in equity from its owners Tata Sons & Singapore Airlines. This comes months after the second largest Indian airline reported a record-breaking annual loss. This would be the largest request for funding from Air India made public since Tata acquired control of the former government-owned carrier in 2020. The announcement highlights the challenges that the airline faces as it undergoes an overhaul worth billions of dollars, which includes the refurbishment?of its current fleet. Air India Express and the carrier posted combined losses in the fiscal year ending March of $2.33 Billion, which is more than...

United Airlines announced on Tuesday that it will receive enough Airbus A321XLRs to support its European expansion in the summer of next year. The carrier is pushing into smaller markets and expects the travel market in the region to remain strong through the fall months. Chicago-based airline, American Airlines, plans to use its single-aisle, long-range jets on five new European routes by 2027. These include Luxembourg, Ibiza in Spain, and Toulouse in France. The airline is expanding to ten new cities in Europe and Asia, which will be the largest expansion ever in its history. Patrick Quayle is United's senior...

Investors weighed up the new U.S. pressure on Iran and signs of progress in a mediated 'talks' with Tehran, mediated by Pakistan. Scott Bessent, the U.S. Treasury secretary, announced on Monday new measures but did not impose the most severe sanctions. He warned that countries who continue to trade with Iran risk being expelled from the?financial systems based on dollars. Pakistan and Iran have made "significant progress" during talks on the U.S. and Israeli war against Iran, and efforts to achieve peace. This was revealed by Pakistan's Interior Minister on Tuesday after a trip to Tehran. Saudi Arabia's benchmark index...

WestJet's?flight attendants voted on Monday to accept a tentative deal that would?increase wages?"by a?more than 18%?over the next three years?, according to their union. This follows a strike earlier in the month that resulted in hundreds of cancellations. Flight attendants at the airline 'also received duty pay premiums as part of an 'overall shift in North America where cabin crews are challenging compensation structures based primarily on flying time, rather than each?hour worked. The Canadian Union of Public Employees (CUPE), which represents 4,400 WestJet Flight Attendants, sought compensation for the period from when members report to work until their clock-out....

The company announced on Monday that German investor Klaus-Michael Kuehne died at the age of 89. He was the controlling shareholder in the Swiss logistics group Kuehne & Nagel. Kuehne is the grandson to August Kuehne who founded the company. He also holds major stakes in German companies Lufthansa and Hapag-Lloyd, chemicals trade group Brenntag, and bus and train service operator Flix. He is a dominant figure in the world of shipping and logistics. Kuehne + Nagel, which was a small family business, has grown into one of the largest logistics groups on earth. Forbes estimates that his holdings are...

Southeast Asia's budget airlines hope the worst fuel crisis from the Middle East is behind them, but they face a "difficult" second half due to margin pressures and strained household budgets. AirAsia, Singapore Airlines and Cebu Pacific's latest quarterly results show that attempts to recover fuel costs by raising fares failed. AirAsia, Cebu Pacific and Scoot all reported losses. Scoot saw its operating loss almost double. The results revealed a strain at the core of the low-cost airline model. Fuel costs are higher than full-service airlines but the price-sensitive nature of passengers leaves carriers with less room to raise fares...

According to a decision reviewed on August 17, the Dutch Data Protection Authority (AP), has fined Uber EUR825,000,000 ($966,000,000) for deactivating drivers accounts using automated systems without properly informing them. The fine would be the second largest ever under Europe's General Data Protection Regulation. It is behind the EUR1.2 billion fine that Ireland imposed in 2023 on Meta for illegally transferring the data of?European Facebook Users to the United States. Meta has appealed the fine. Uber also said that it would appeal. "We strongly oppose this?decision, and the disproportionate fine," said a company spokesperson. The spokesperson added that the company...

The U.S. Court of Appeals on Thursday overturned the Trump Administration's order from September 2025 that was intended to force Aeromexico and Delta?Airlines to dissolve a joint venture. Last year, the?airlines?sued to stop the U.S. Department of Transportation's order to repeal a nearly 10-year-old joint-venture that allowed the carriers to coordinate the scheduling, pricing, and capacity of U.S. - Mexico flights. The USDOT order is part of a series of U.S. measures aimed at Mexico’s aviation sector due to competition concerns. Last year, a court halted the order pending legal challenges. The 11th Circuit U.S. Court of Appeals stated that...

Federal Trade Commission officials in the United States said Wednesday that they are considering requiring companies to disclose whether or not they use personal data for pricing. This practice has been under a growing amount of scrutiny by federal and state officials. The FTC released a draft of its enforcement policy statement, which states that the law prohibiting deceptive practices would likely prohibit undisclosed uses of personal data in setting prices. Surveillance Pricing is a method whereby companies use personal data, such as a customer's browsing history, their location, and their shopping habits, to determine individualized algorithmic pricing for products....