Virgin Australia announced on Friday that it expected to reduce domestic capacity by 3%, in line with Qantas Airways,?in?the first?half. This would support a?revenue increase, after reporting higher-than-expected earnings for the full year. Australia's No. Australia's No. Profits were driven by a strong travel demand, and a transformation program that aimed to boost loyalty earnings, efficiency, pricing, as well as solid fuel hedging. It declared a fully-franked dividend of 7,6 Australian cents per share, its first dividend since it relisted in 2025. Virgin Australia CEO Dave Emerson stated that "we delivered?strong earning growth and?further profit expansion despite significant pressure on...

Air New Zealand reported its largest 'annual loss' in three years last Friday as higher fuel prices, linked to the Middle East conflict and persistent engine shortages squeezed earnings. Since the U.S. - Iran war began, jet fuel costs have increased by more than doubled. Air New Zealand's fuel bills increased by NZ$205m after hedging against what they expected at the beginning of the second half of fiscal 2026. New Zealand's largest?carrier? reported a loss of NZ$336 (US$199.85) million for the year ending June 30 compared to a profit NZ$189.9 million a year ago. Visible Alpha had forecast a NZ$356.5...

Sources say that the U.S. Federal Aviation Administration (FAA) is moving to 'fire' two air traffic control officers at New York LaGuardia Airport who allegedly left a few minutes before an Air Canada flight?collided?"with a firetruck on March 22 killing both pilots. Sources say that the crash has renewed attention on chronic staffing shortages in U.S. Air Traffic Control, and investigators are examining if adequate staffing was available when the accident happened. The National Air traffic Controllers Association (NATCA)?said that it is actively discussing the allegations with FAA leaders, refusing to comment further. The FAA stated that it "is committed...

Singapore opposition legislator urges that Temasek, the state investor, not be used to bolster Air India after reports that 'the Indian carrier had asked owners Tata Sons, Singapore Airlines and Temasek, who is majority owner of Singapore Airlines for $1.5 billion. Kenneth Tiong of the Workers' Party, an opposition member of parliament, stated in a post on social media that since Singapore Airlines owned about 25% of Air India, and Temasek, in turn, owned most of Singapore Airlines, the request "was not only a private shareholder question." I will not support or expect any future use by Temasek of funds...

An opposition Singapore lawmaker urged against using state investor Temasek’s money to bolster?Air India after reports that the Indian carrier had?asked for $1.5 billion from owners Tata Sons, Singapore Airlines and Temasek, who are majority-owned by Temasek. Kenneth Tiong of the Workers' Party, an opposition member of parliament, stated in a post on social media that since Singapore Airlines owned about 25% of Air India, and Temasek, in turn, owned most of Singapore Airlines, the request "was not only a private shareholder question." I will not support or expect any future use of Temasek funds to support Air India through...

Qantas Airways, Australia's largest airline, reported on Thursday a 13.8% decline in its pre-tax profit for the full year, due to the Middle East conflict and a surge in jet fuel prices. The flag carrier of the country also announced that it is in discussions with major aircraft manufacturers Airbus and Boeing to convert 20 options into firm orders starting from?2030. Qantas stated that "Project Sunrise and additional 787-9 deliveries have been confirmed for calendar year 2027. The A380 fleet is expected to be retired in calendar year 2020, in order to maximize capital efficiency while maintaining network reach with...

Two Democratic 'U.S. On Wednesday, lawmakers asked a congressional agency to investigate the failure of the Transportation Department to ensure privacy for airline passengers. Senator Ron Wyden and Representative Shontel 'Brown asked the Government Accountability Office (GAO) to investigate USDOT. They said that USDOT has not brought any enforcement actions related to passenger data in over 40 years, "despite many widely publicized privacy disasters affecting hundreds of millions travelers." GAO confirmed that it received the request. The letter stated that "USDOT’s abdication of its privacy regulatory role has left the'sensitive personal information of thousands of millions of Americans vulnerable to...

Kenya Airways' chairman has said that the carrier will reveal details of new investors in a few weeks, as it seeks to raise capital for its turnaround plan, ease debt, and restore grounded aircraft. Kiprono kittony, the chairman of KQ, told reporters that "we have received interest from both 'local' and international investors who are willing to inject capital into the company as well as other resources." The airline is facing a number of challenges, including high fuel prices, delays in aircraft maintenance, and a lack of spare parts. These factors have led to a reduction in capacity, despite booming...

Dubai International Airport's operator reported on Wednesday that passenger traffic fell 31.3% during the first six months of the year as the Iran War disrupted travel across the gulf, including at the busy international travel hub. Dubai Airports announced in a press release that DXB had welcomed 13 million passengers during the second quarter. This brings the total traffic for the first half of the year up to 31.5 millions. This is compared to 46 millions passengers during the same period last year. It?added that the number of aircraft movements in the first half was 150,600, a 32.1% decrease from...

Here are the top stories from the business pages of the New York Times for August 26. The 'New York Times' has not'verified' these?stories, and cannot vouch for the accuracy of their content. SpaceX, Elon Musk’s rocket and artificial-intelligence company, announced on Tuesday that they would invest $100 billion to build a launch facility in southern Louisiana. They aim to send several rockets into space each day. Canada announced Tuesday retaliatory duties of up to 50 percent on hundreds of American products, days after the Trump administration imposed punishing tariffs following the failure of trade negotiations. The Trump administration submitted...

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...