The airport released a statement on May 9, stating that a Frontier Airlines passenger plane struck and killed a pedestrian?on the runway?at Denver International Airport?during a planned takeoff to Los Angeles late Friday night. Frontier reported that it had struck a person during takeoff, and the flight was abandoned. The unidentified pedestrian had jumped over the perimeter fence and was struck just two minutes after crossing the runway. The?statement' said that the individual was not believed to be a member of staff at the airport. A brief engine fire caused smoke to fill the cabin of an Airbus A321 carrying...

Azul, the Brazilian airline, expects to take a hit of about $1 billion ($204.15m) from higher jet fuel prices in this year, but believes that it is better placed than its peers to absorb the effect after a recent restructure, according CFO Antonio Carlos Garcia. Garcia, who came to Azul from Embraer in April, just as the airline was exiting Chapter 11 bankruptcy proceedings noted that fuel accounted for about 30% of Azul's costs. The sharp rise in oil prices has also affected the firm quickly. Since the Iran War disrupted traffic along the 'Strait of Hormuz', global airlines have...

Analysts and industry executives say that the recent grounding by 'Spirit Airlines', a U.S. low-cost carrier, could ease shortages of RTX next-generation spare engines required to keep Airbus single aisle jets in service. Spirit Airlines ceased operations of its 'all-Airbus' fleet on May 1, due to high fuel prices. ?Its bankruptcies are leading to new cases of A320neos that were dismantled and sold for parts. This trend had been happening in the industry because of a severe shortage of RTX Pratt & Whitney Geared Turbofan Engines. Fuel-efficient GTF engines often make the A320neo aircraft more attractive than their aircraft. Austin...

European?shares fell on Friday, with broad losses, as a flare up in the Middle -East conflict impacted risk sentiment at the end of a geopolitical week. The pan-European STOXX 600 ended down 0.7%, at 612.14, but it recorded a small second consecutive weekly gain. The major regional markets also fell, led by Germany's DAX which dropped 1.3%. Washington expects an Iranian response to its latest proposal for ending the Gulf conflict as early as Friday, despite the fact that U.S. forces and Iranian forces are clashing and the United Arab Emirates is being attacked again. Richard Flax is the chief...

The aviation industry was blindsided by the sudden increase in jet fuel costs from $85 to $100 to $150 to $200 per barrel during the U.S./Israeli war on Iran. Fuel accounts for as much as a quarter or more of the operating costs, which has forced airlines to raise their fares and revise financial forecasts. Here is an alphabetical list of the ways airlines are responding to this issue: AEGEAN AIRLINES The Greek airline anticipates that the suspension of Middle East flights, as well as the spike in fuel costs will have "a significant impact" on its first-quarter earnings. AIRASIA...

The Spanish travel technology company Amadeus expects bookings for air travel to decline in the second quarter due to the war in the Middle East and the airline strikes in Western Europe, said its chief financial officer on Friday. Carol Borg, in a call with analysts after the earnings report, said: "We still believe we will continue to see negative growth in second quarter bookings." "April was better that March, but we are still in negative territory". She added that the improvement was due to the moderation of cancellation rates, the reopening airspace in the area, and the airlines' positive...

Cathay Pacific Airways, a Hong Kong-based airline, will lower fuel surcharges for most of its passenger flights starting May 16 as part of an "agile" response to the energy crisis caused by Iran's war. Fuel accounts for up to one quarter of operating costs in the aviation industry. Many airlines raised their fares, revised their financial forecasts and Cathay announced an increase in fuel surcharges in March. On Friday, the airline announced that it would 'cut fuel surcharges on long-haul flights from HK$1,560 to HK$1,362 ($25.55), while reducing'short-haul fees by HK$50 from HK$389 to HK$339 and medium-haul fees to HK$633...

Amid concerns about a fuel shortage due to the war with Iran, the European Union Aviation Safety Agency has advised airports and airlines to 'take precautions' when switching to Jet A fuel. In European airports, jet A-1 is typically used in planes. This grade is more suitable for long-haul, cold-temperature operations and is preferred by the military. EASA issued a statement Friday saying that "a potential introduction into markets using Jet A-1 traditionally needs to be managed adequately." EU guidelines revealed on Thursday that Jet 'A' fuel will be allowed to be used by airlines as the EU preferred fuel...

The Dutch data protection agency announced on Friday that it had?imposed a fine of 100 million euros ($117 million)?on the mobile taxi app Yango because they transferred personal?data?of their customers to Russia. AP (as 'the'regulator was known) imposed the fine to MLU, a Dutch company that is behind units of Yango located in Norway and Finland. It said this in a press release. The taxi app is primarily used in Africa, Latin America and the Middle East, as well as in non-EU European nations. However, it was also present in Finland and Norway, which are not EU countries but adhere...

IAG, the British Airways owner, forecasted a lower annual profit than originally expected on Friday. The company said that rising jet fuel prices and disruptions in supply caused by the Iran War would weigh more heavily on earnings. The company that owns Iberia, Aer Lingus and other airlines, expects jet fuel to cost 'about 9 billion euro ($10.56 billion), this year. 70% of the fuel it anticipates using in 2026 is already covered. The company didn't give any specific projections for the annual profit forecast Friday. When IAG?didn't provide a 2026 forecast in?February?, the shares?dropped. Analysts warned that the aviation...

China's top prosecutor announced on Friday that a former chairman of China Eastern Airlines Group had been?indicted for bribery. This is the latest high-profile action against corruption as Beijing intensifies its campaign to combat?corruption. The news comes a day after Xinhua, the official news agency, highlighted the magnitude of the effort. Former defence ministers Wei Fenghe, and Li Shangfu were sentenced to death for graft, but with a 2-year reprieve. Xinhua reported that Liu Shaoyong was accused of "abusing a number of official positions... in order to obtain?benefits and accept bribes involving cash and valuables". It added that the charges...

A Japanese executive revealed that the Sumitomo 'Mitsui Trust Group is planning to 'launch a new aircraft leasing fund. The aim is to raise $500 million from investors in Japan, Asia, and the Middle East. This is the latest effort to increase aircraft leasing investments by a Japanese financial institution hoping to tap into an expanding market due to shortages of aircraft at airlines and supply constraints at Boeing and Airbus. The fund will lease Boeing & Airbus aircraft to airlines worldwide. It is the third fund launched by SMTG and Novus Aviation Capital. Takeru Mifune, head of Sumitomo Mitsui...