Passenger Transportation Services

S&P 500, Nasdaq and Dow Jones all edged lower on Thursday as investors watched developments surrounding U.S. president Donald Trump's policies regarding trade. Meanwhile, airline stocks jumped after Delta's positive forecast. 10:02 am At 10:02 a.m. ET, the Dow Jones Industrial Average gained 39.82 points or 0.09% to 44,498.12, while the S&P 500 dropped 9.36 points or 0.15% to 6,253.90, and the Nasdaq Composite fell 89.97 or 0.44% to 20,523.04. Delta Air Lines' stock jumped 12.9% following the company's announcement that it would exceed Wall Street expectations for its third-quarter profit and annual profits. Peers United Airlines grew 9.7% while...

Delta Air Lines forecasted a higher-than-expected profit in the current quarter as well as for the full year, citing the industry's effort to align capacity to demand. In premarket trading, shares of the airline were up by nearly 8%. The Atlanta-based airline, like most U.S. carriers, pulled its financial forecast for 2025 in April, as the trade war between President Donald Trump and China weakened consumer and business confidence. Bookings were affected. Industry executives claim that travel demand has stabilised since then. Government data show that passenger traffic in the U.S. is still lower than a year earlier, resulting in...

Delta Air Lines forecasted a higher-than-expected profit in the current quarter as well as for the full year, citing the industry's effort to align capacity to demand. The Atlanta-based airline, like most U.S. carriers, pulled its financial forecast for 2025 in April, as the trade war between President Donald Trump and China weakened consumer and business confidence. Bookings were affected. Industry executives claim that travel demand has stabilised since then. Government data show that passenger traffic in the U.S. is still lower than a year earlier, resulting in a decrease in airfares. Delta's earnings report for the second quarter confirmed...

Two people who were present at the meeting said that Indian investigators in the Air India crash, which killed 260 people last month, told lawmakers that the black boxes of the aircraft had not been damaged. Indian media reported that the devices crucial to reconstructing events leading up an air crash were damaged after the London bound Boeing Dreamliner crashed in June, erupting into a massive fireball. One source said that the Aircraft Accident Investigation Bureau was also able to extract good data from the black boxes. Its officials had told the lawmakers during a panel discussion on aviation on...

A source familiar with Wednesday's negotiations said that Brazilian planemaker Embraer was competing with Moroccan airline Royal Air Maroc to supply its aircraft. Source: The African carrier wants to renew and expand its fleet across three sizes, and Embraer has been fighting to secure an order for the smallest. On Wednesday, the local newspaper Folha de S.Paulo had reported that Royal Air Maroc, in conjunction with Embraer and other suppliers, was in discussions to buy up to 200 aircraft. Embraer's second-generation E2 jet family Folha, citing Folha's CEO, reported that the airline is considering the idea. The E2 line is...

The U.S. Senate voted Wednesday to confirm long-time Republic Airways Chief Executive Officer Bryan Bedford as the head of the Federal Aviation Administration. Bedford, who led the regional airline that operated nearly 1,000 flights daily for major airlines and stepped down from his position last week, after 25 years of leading the airline, was nominated to the post by President Donald Trump. Bedford was appointed for a term of five years and will be responsible for the $12.5 billion funding that Congress approved last week to upgrade the outdated air traffic control system in the United States. Bedford has been...

Boeing, the U.S. aerospace company, announced on Tuesday that they delivered 60 aircraft in June. This is a 27% rise compared to the same month last year. Eight of these airplanes were delivered to Chinese customers, the first since the end of a trade dispute between the U.S. Beijing banned the delivery of Boeing aircrafts in April, when a dispute over tariffs escalated between two of the world's largest economies. But in May, Beijing lifted the ban after the two countries agreed on a temporary reduction in tariffs. Wall Street closely tracks aircraft deliveries because the planemakers receive a large...

Ryanair's summer bookings are strong and prices are rising, but there is no sign that customers have delayed their holidays because of the recent heatwave. O'Leary said that his airline, which sources nearly all its aircraft from Boeing, was hopeful about the exemption of commercial aircraft from U.S. tariffs and EU tariffs. However, he admitted that "nobody really knows". He confirmed a forecast made in May that the Irish carrier, Europe's biggest airline by passenger number, would recover the majority, but not the entire, of the 7% drop in average fares last year, as consumers struggled to pay high interest...

A government memo revealed that India's aviation regulator reprimanded Air India in March after the budget airline failed to change engine parts on an Airbus A320 within the time frame specified by European Union's Aviation Safety Agency, and for falsifying records as proof of compliance. Air India Express issued a statement in which it admitted the mistake to the Indian watchdog, and took "corrective action and preventive actions". Air India is under scrutiny after the Boeing Dreamliner crash that occurred in June, which claimed the lives of all but one person on board. Investigations are still ongoing into the world's...

Alstom, a French train manufacturer, announced on Friday that it received a $2.45 billion order from the New York Metropolitan Transportation Authority for M-9A railcars to be supplied to the Long Island Rail Road (LIRR) and Metro-North Railroad. Alstom announced that the contract, which MTA announced in June, would be booked during the second quarter 2025/26 fiscal years. MTA announced last month that Alstom pilot railcars would be delivered by 2029, and will enter service on Long Island Rail Road as passenger cars in 2030. It added that all 316 railcars included in this order would be delivered by the...

United Airlines and JetBlue Airways, a smaller airline, asked the U.S. Transportation Department on Thursday to reject a Spirit Airlines complaint about their proposed partnership. United and JetBlue called the arguments in the complaint about reduced competition "fiction", adding that "Blue Sky" will ensure JetBlue's competitiveness and independence, and allow JetBlue to continue growing and competing as an independent airline. United and JetBlue announced in May that their "Blue Sky", tie-up, would allow United to access some JetBlue slots at New York John F. Kennedy International Airport beginning in 2027. They also said they would exchange flight times at Newark...

A spokesperson for the U.S. Federal Aviation Administration said that ground stops had been lifted at international airports of Ottawa and Montreal following a bomb threat which briefly stopped departing flights on Thursday. Ottawa Macdonald-Cartier International Airport announced on X it was investigating a possible security incident. It warned that the airport's operations could be disrupted and urged travelers to check flight status. In a press release, NAV Canada, the air traffic control manager in Canada, said that they were made aware of threats to bomb several of their facilities. The company said that employees in the affected areas were...

After the 12-day war between Iran and Israel, which ended in a ceasefire brokered by the United States at the end June, many airline services are still disrupted throughout the Middle East. The main Imam Khomeini Airport in Tehran reopened on 4 July after a suspension of flights of 20 days due to Israeli attacks against Iran. However, airspace closures and safety concerns are still affecting airline traffic. Here are some airlines that have cancelled flights from and to the region. AEGEAN AIRLINES From July 10, the Greek airline will resume a part of its schedule for flights to and...

Boeing announced Tuesday that they delivered 60 aircraft in June. This is a 27% rise compared to the same period last year. Eight of these airplanes were delivered to Chinese customers, the first since the end of a trade dispute between the two countries. Beijing banned the delivery of Boeing aircrafts in April, when a dispute over tariffs escalated between two of the world's largest economies. But in May, Beijing lifted the ban after the two countries agreed on a temporary reduction in tariffs. Wall Street closely tracks aircraft deliveries because the planemakers receive a large portion of their payments...

Finance Minister Joaquim Sarmento stated on Tuesday that Portugal does not have a preferred airline among the three major European carriers who have expressed interest in TAP's partial privatisation, which the government will soon relaunch. He said, on the sidelines a Eurogroup in Brussels, that the "government will announce its decision" about the conditions of the planned sale for less than 50% TAP's Capital. He told reporters that it was well known that Air France and IAG had expressed interest in the company, and would eventually make a proposal. This is a very positive thing for the country. He told...

The CNV union announced on Friday that KLM's wage proposal this week did not meet the needs of the ground staff of the Dutch branch of Air France-KLM. A strike at Amsterdam Airport scheduled for July 9th will take place. This means that the consultations have not yet resumed and that the strike that was announced for next Wednesday will still continue. Souleiman Amallah said in a press release that CNV had informed KLM. KLM announced wage proposals for Wednesday, including a payment of 1,177 euros in 2025 as well as a structural increase of up to 2,5% by July...

China Airlines, a Taiwanese airline, said that it would spend over $2 billion on Airbus aircraft, including five A350-900 jets for long-haul routes and eight A321neos for medium- and short-haul flights. In the middle of a fleet upgrade, China Airlines split an order worth nearly $12 billion in list prices for new long-haul planes between Boeing and European rival Airbus last year. China Airlines announced to the Taiwan Stock Exchange that Air Leasing Corporation would provide five A321 aircraft at a cost $240 million. Negotiations are ongoing for the remaining three aircraft. The A350s are expected to cost less than...

Israel's attacks against Iran have caused international airlines to stop flights to certain Middle East destinations because of airspace closures and safety issues. The conflict has entered a new phase after the U.S. invasion on Iranian nuclear sites Some airlines have cancelled flights to hubs such as Dubai is Qatar's Doha. Here are some airlines that have cancelled flights from and to the region. AIRBALTIC AirBaltic, a Latvian airline, announced that it had cancelled all flights from and to Tel Aviv up until September 30. AEROFLOT Aeroflot, a Russian airline, has announced that it has cancelled flights between Moscow &...

Analysts and investors welcomed the new deals announced on Wednesday by Brazilian planemaker Embraer during the Paris Airshow. These included a large regional jet order placed with SkyWest, and a military agreement signed with Lithuania. Embraer shares climbed up to 5% after the announcements, making the company the best performer in Brazil's benchmark index Bovespa. This also highlighted positive sales momentum. Embraer had a rough start at Le Bourget on Monday as Polish carrier LOT chose Airbus' A220 Regional Jet over Embraer's E2 Family after a fierce competition. Hard-fought battle for a landmark 40-airplane deal. SkyWest, a U.S. carrier, placed...

Tony Fernandes - CEO of Capital A Group, said that AirAsia's owner is in discussions to purchase 50 to 70 Airbus A321XLR aircraft in the coming months. However, the priority for the group is to complete its restructuring. In an interview, he said that the Asian low-cost airline is still in negotiations to purchase 100 regional aircraft from Airbus A220 and Embraer E2. However, there will be no announcements on orders made at this week's Paris Airshow. "I don’t think an order will be placed at this airshow." We are still working with Airbus, and other manufacturers ).... Fernandes stated...

Tufan Erginbilgic, CEO of Rolls-Royce, said that it was "even truer" on Tuesday that the British jet-engine maker would love to re-enter narrow-body aircraft market. He claimed that he described the single aisle market as a business opportunity in the past and this was "even truer" now. He told reporters attending the Paris Airshow: "We're talking to many parties and they're also talking to us. We obviously engage with Airbus, because they are the ultimate customers and they welcome this." He said that a successful move into narrow-body vehicles could be the biggest boost for Britain's economy. Rolls-Royce and Pratt...

Sources in the industry said that Airbus is closing in on a deal with VietJet to buy 100 single-aisle planes. An announcement was planned for the Paris Airshow, barring any last-minute hiccups in negotiations. Airbus refused to comment, and VietJet staff at the airshow were preparing for an announcement but could not be reached. Sources said that the low-cost Vietnamese carrier was interested in buying the A321neo. Cirium Ascend estimates that a deal for 100 of these planes would be worth $6.3 billion. Bloomberg was the first to report on this potential deal. Airbus, the European planemaker, announced a series...

The state-owned Chinese planemaker COMAC proposed to take a stake in Lao Airlines' government-owned Lao Airlines. Lao Airlines recently began operating one of COMAC’s C909 regional aircraft, according to the Vientiane Times, a state-run newspaper. The outlet reports that Lao Prime Minster Sonexay Sphandone said to the National Assembly Monday that the Lao Government is evaluating the COMAC proposal for a "comprehensive enterprise" in which COMAC holds at least a 51 percent stake. Prime Minister said that the national carrier was one of four state-owned enterprises that were undergoing reform. Lao Airlines and COMAC didn't immediately respond to comments. Lao...

Sources in the industry said that Royal Air Maroc was close to a deal to purchase dozens of Boeing jets for its fleet renewal, while Airbus Europe is poised to take a rare step forward with a smaller contract for 20 A220 aircraft. Royal Air Maroc is in discussions for more than a year about renewing its Boeing-dominated fleet. It will continue to use its traditional supplier to meet the majority of its requirements, including 737 MAXs and 787 Dreamliners at next week's Paris Airshow. Sources asked to remain anonymous because the negotiations were not made public. Bloomberg reported earlier...