Passenger Transportation Services

These are the most popular?stories from the Wall Street Journal. ? The?author of these stories has not?verified them and does not vouch for their?accuracy. Viva Energy in Geelong has suffered a major fire that engulfed a large part of its oil refinery. This is raising concerns about the availability of oil in Australia, at a time when the Middle East conflict is causing a shortage. Spirit Airlines has begun discussions with its creditors who are looking at options, including the possibility of liquidating the airline. A New York jury ruled on Wednesday that Ticketmaster, its parent company Live Nation, and...

Bloomberg News reported that Spirit Aviation Holdings, the parent company of Spirit Airlines, was 'at risk of liquidation due to rising jet fuel prices caused by the Middle East war. This could put further pressure on the finances. Spirit is still in talks with its creditors and a decision could be made as soon as this week. However, the situation remains fluid, according to the report, which cited people with knowledge of the matter. Spirit Airlines declined ?a request for comment. The news comes as the low-cost carrier continues to restructure its business in order to cut costs and stabilize...

Arxis, a maker of aerospace?parts in the United States, announced on Wednesday that it raised $1.13 bn. through its initial public offering. The Bloomfield, Connecticut based company sold 40,5 million shares at the upper end of the price range between $25 and 28 per share. The listing is a result of the aerospace suppliers tapping equity markets to finance expansion, and meeting rising demand from commercial aircraft and defense customers. Investor appetite for industrial listings remains strong. In the meantime, increased geopolitical tensions have changed the demand for aerospace and defense equipment. As countries increase military spending, investors are turning...

Karoline Lavitt, White House Press Secretary, told reporters that the Trump administration "doesn't have an opinion" on reports United Airlines was considering merging with rival American Airlines. Leavitt stated, "I understand that the idea has been put forward by the private sector.?But it is not something on which the White House or the President have an opinion. Two sources claim that United Airlines CEO Scott Kirby discussed the possibility of merging with American Airlines in a late-February meeting with U.S. president Donald Trump. This raises the prospect of a deal which could reshape the industry, but will likely face regulatory...

These are the most popular?stories from the New York Times business pages. These stories have not been?verified and we cannot vouch for their accuracy. Both sides reported that they had a positive discussion, although it wasn't immediately clear if a framework for peace was agreed upon. OpenAI announced that it would share its new A.I. GPT-5.4 Cyber, a?model that will be shared with hundreds of organizations before being expanded to thousands more in the next few weeks. Canadian Prime Minister Mark Carney announced that he will temporarily suspend the federal gas tax from 'early September onwards. He is the latest...

Scott Kirby, the CEO of United Airlines has been arguing for more than a ten-year period that only two premium airlines can be supported in the U.S. He has now taken that view to the White House, where he floated the idea of merging with American Airlines, his fiercest competitor. Kirby's strategy can be traced to the closing of?the American/US Airways merger on December 9, 2013. Kirby was then a senior executive at American. Kirby told a New York audience in March 2025 about a conversation he had with his team at American about the future of the airline industry....

The merger of United Airlines with American Airlines would create an industry giant and attract the scrutiny of regulators, unions, and consumer advocates who are concerned about higher fares and less competition. According to two sources, United Airlines CEO Scott Kirby floated a merger between the 'two carriers' to U.S. president Donald?Trump? in late February. However, industry officials quickly highlighted the significant antitrust hurdles such a deal could face. Details of Kirby’s proposal weren't immediately clear. Both carriers' shares rose on Tuesday morning, despite the fact that oil prices were still high due to the conflict between Israel and Iran....

Bloomberg News reported that Delta Air Lines removed two important environmental targets from its sustainability page late last week. The report stated that the 'Atlanta-based carrier has rephrased their quest to achieve zero emissions by 2050 as an "aspiration" rather than a goal. SAF, which is largely made from waste cooking oil or 'waste cooking oil', can reduce emissions by a significant amount compared to traditional jet fuel. It is still two to five time more expensive than conventional jet fuel. According to a Delta spokesperson quoted in the Bloomberg report, the airline still considers?SAF one of the best ways...

United Airlines and American Airlines stocks rose in premarket trading Tuesday, after United CEO Scott Kirby, according to sources, had reportedly pitched the idea of a merger between the two carriers to U.S. president Donald Trump back in February. The merger of two major U.S. airlines could be the largest airline consolidation since more than a decade. United States shares rose 2%, while American stocks grew by 4%. The two stocks have both fallen in recent weeks as the U.S. - Israel war against Iran has sent jet fuel prices soaring. American is down 14.1%, and United is down 10.4%...

Citigroup is now bullish on U.S. stocks, joining the flurry?of?brokerages who are betting on robust corporate earnings and attractive valuations following recent pullbacks. They also believe that U.S. tech stocks will contribute more to global earnings growth. In a late-Monday note, the 'Wall Street' brokerage upgraded U.S. equity to "Overweight", from "Neutral". S&P 500 index has recovered nearly 9% since a low of seven months in late March. This is due to optimism that the Middle East conflict will ease the risk of an oil-driven inflation. BlackRock Investment Institute and other Wall Street brokerages, including BlackRock Investment Institute which upgraded...

Bloomberg News reported that a person familiar with the talks said that 'United Airlines CEO Scott Kirby has floated a potential merger?with rival American Airlines Group. Bloomberg said that Kirby had pitched the idea to government officials. However, it is unclear if there have been any further overtures or if a process has begun to "explore" a possible deal. United Airlines declined comment. The White House and American Airlines did not respond to comments immediately. The merger of four U.S. airlines, American Airlines, United Airlines, Delta Air Lines and Southwest Airlines, would consolidate the U.S. domestic market. After the bell,...

The global air travel industry is still severely affected by the Iran War. Many people are unable to reach their destinations as planned after major Middle Eastern hubs such as Dubai, Doha, and Abu Dhabi were closed. The latest flight information is listed below alphabetically: AEGEAN AIRLINES The largest airline in Greece has cancelled flights to Riyadh, Amman and Tel Aviv until June 27. Erbil, Baghdad and Dubai flights were cancelled until July 2. AIRBALTIC AirBaltic, a Latvian airline, has announced that flights to Tel Aviv are cancelled until May 31. Dubai flights are cancelled until 24 October. AIR CANADA...

Early trading in the United Arab Emirates on Wednesday saw the stock markets?build on the gains of the previous session?as optimism about renewed U.S. - Iran peace talks boosts investor sentiment. Even though Donald Trump said that negotiations to end the war with Tehran could resume this week, the United States announced on Wednesday that it had halted all sea traffic to and from Iran. Trump stated that U.S. officials and Iranian officials may meet again in Pakistan within two days. Vice President JDVance expressed his optimism about the current state of talks, despite the fact that last weekend's discussions...

The U.S. and Israel war against?Iran is causing financial strains for companies in Australia and New Zealand. Higher fuel prices are stoking inflation, affecting consumer and business confidence, and weighing on corporate earnings. Westpac Banking Corp. and Qantas Airways warned Tuesday that the soaring fuel prices, and consumers' struggles with high costs and borrowing fees, could affect their earnings. Some of the companies from Australia and New Zealand have reported an impact on their business due to the Middle East conflict. Air New Zealand New Zealand's Flag carrier announced a price increase in March after suspending its earnings forecast for...

Middle Eastern Airlines, among the 'biggest in the world, have been severely affected by the 'Iran conflict, which has seen air strikes across the Gulf region. This has disrupted busy airport hubs, and forced the redrawing of traffic routes. After the initial strikes on February 28, the flight numbers of major state-backed carriers, including Emirates, Etihad Airways (flydubai), Qatar Airways (air Arabia) and flydubai (Qatar Airways), dropped to a near zero level. After the initial February 28 strikes by?U.S. forces, flight numbers for major state-backed carriers in the region including Emirates, Etihad Airways and flydubai dropped to near zero. Flightradar24.com...

A document seen by?by shows that European airlines have called on the European Union (EU) to take emergency measures in order to deal with the consequences of the 'Iran War, such as widespread airspace closings and growing concerns about jet?fuel shortages. In a document, the industry group "Airlines for Europe" (A4E), has asked the EU to introduce a number of crisis response actions, including EU level monitoring of jet fuel supply, a suspension of the EU carbon market for aviation and the scrapping of certain aviation taxes. Since the U.S. and Israel war against Iran began on February 28th, the...

The U.S. and Israel war on Iran is causing financial strain on Australian and New Zealand companies, as higher fuel prices are causing inflation and denting consumer and business confidence. Westpac Banking Corp. and Qantas Airways warned Tuesday that their earnings would be affected by the soaring price of fuel and by consumers who are struggling to pay 'high' prices and incur high borrowing costs. Some of the companies from Australia and New Zealand have reported an impact on their business due to the Middle East conflict. Air New Zealand New Zealand's Flag carrier announced a price increase in March...

The European airport industry has warned of a possible systemic shortage of jet fuel in just three weeks, if the Strait of Hormuz does not open up. They have called for urgent EU-wide actions to secure supplies ahead the summer peak travel season. Airports Council International Europe, in a letter dated April 9 to the European Commission (ACI), said that a fuel shortage would "significantly hurt the European economy" and compound the macroeconomic effects of the rising oil prices caused by the Middle East conflict. Financial Times was the first publication to cover this letter. The Commission didn't immediately respond...

Turkish Airlines underwent a major management revamp, replacing its CEO and Chairman, while also opting not to pay dividends from earnings in 2025, citing increased uncertainty across the operating environment, as well as geopolitical instability. Ahmet Olmustur has been named CEO of Turkey's airline following the retirement from Bilal Eksi, who was previously Chief Commercial Officer. Turkish Airlines announced to the Public Disclosure Platform that Murat Seker, the new chairman of the board who replaces Ahmet Bolat (who resigned), was named. Changes are being made as the aviation industry struggles with fuel prices that fluctuate, capacity constraints and persistent disruptions...

Shippers who are struggling to find a solution for high jet fuel costs and congestion on 'vital Middle East waterways' have turned to unexpected routes. A recent ceasefire between?Iran & the United States is unlikely, however, offer immediate relief. One U.S. freight broker said that clients who once transported electronics and other consumer goods from Asia to Europe via Middle East hubs now go so far as to ship their goods and fly them via Los Angeles in order to get lower rates. Flexport CEO Ryan Petersen stated that the air direct option is much more affordable than traveling by...

Due to the Iran Crisis, Dubai has limited foreign airlines to only one?flight per day to its airports. This has triggered revenue loss concerns among Indian carriers, which had more flights planned than any other airline. In a March 31 letter to the Indian government, the Federation of Indian 'Airlines (FIA), which represents IndiGo, Air India, and SpiceJet as top carriers, asked India to pressure Dubai authorities to lift curbs. If that didn't work, it suggested taking reciprocal measures against Dubai carriers such as Emirates and flydubai. Indian carriers have already been put under financial strain by higher fuel costs...

Dubai Aerospace Enterprise and Blackstone Credit & Insurance have agreed to launch an aircraft leasing investment program that will target a yearly deployment of $1.6 billion. In a press release, the company said that Equator will create a portfolio commercial aircraft for lease by?airlines around the world. DAE will source aircraft from a third party, and its Aircraft Investor Services unit will manage assets. The deal represents the latest expansion of alternative asset management firms into aviation finance. This sector has been attracting increasing institutional interest due to tighter aircraft supply, which is pushing lease rates up. Blackstone Credit and...

The global air travel industry is still severely affected. Many people are unable to fly to their destinations as planned after the Iran War forced the closures of major Middle Eastern hubs including Dubai, Doha, and Abu Dhabi. The latest flight information is listed below alphabetically: AEGEAN AIRLINES The largest airline in Greece has cancelled flights from Tel Aviv to Beirut and Tel Aviv to Amman. Flights to Riyadh were also cancelled until June 27. The airline has cancelled flights to Erbil, Baghdad and Dubai until June 29. AIRBALTIC AirBaltic, a Latvian airline, says that flights to Tel Aviv are...

Even if Iran were to reopen the Strait of Hormuz, it would still take months before jet fuel supplies could'recover' due to disruptions in Middle East refining capacities. Oil dropped below $100 per barrel after U.S. president Donald Trump announced he had agreed on a ceasefire for two weeks with Iran, subject to an immediate and safe opening of the Strait of Hormuz. The Strait of Hormuz normally transports about a fifth of world oil trade. Willie Walsh (director general of IATA, the International Air Transport Association) told reporters in Singapore, that although he expects crude oil prices will fall,...