Passenger Transportation Services

Air Canada announced on Tuesday that it had asked the federal government to intervene in contract negotiations with its union of flight attendants after declaring an impasse in the negotiation. The company warned that it was also preparing for possible flight disruptions and had made arrangements with Canadian and foreign carriers in order to offer customers alternatives. Air Canada Rouge and Air Canada, which carry together about 130,000 passengers a day, could be affected by the standoff in contract negotiation as early as this Saturday. The Canadian Union of Public Employees (CUPE), which represents over 10,000 flight attendants in Canada,...

The shares of major U.S. airlines soared Tuesday, after positive airfare data for July indicated improved pricing power for the sector. Airlines are bringing capacity under control to align themselves with a softening demand environment. In afternoon trading, shares of United Airlines, American Airlines, and Delta Air Lines all rose between 8 and 10 percent, while Southwest Airlines, a budget airline, gained 4%. Other smaller competitors also grew, with Alaska Air up by 8% and JetBlue Airways around 10%. Low-cost carrier Frontier Group surged 22%. The Bureau of Labor Statistics of the Labor Department released data on Tuesday showing that...

The shares of major U.S. airlines jumped Tuesday, after positive airfare data for July indicated improved pricing power for industry as airlines adjust capacity to align with soft demand. In afternoon trading, shares of United Airlines, American Airlines, and Delta Air Lines each jumped by nearly 10%, while the budget competitor Southwest Airlines rose by 4%. Alaska Air, JetBlue Airways and Frontier Group all grew by about 10%. The Bureau of Labor Statistics of the Labor Department released data on Tuesday showing that airfares increased 4% in July, after declining by 0.1% in June. This was their first rise in...

Spirit Airlines warned that it was facing doubts about its ability to continue operations just months after its bankruptcy. Weak domestic demand and shrinking cash reserves are straining its operation, sending shares down 42%. In its quarterly report, the airline said that adverse market conditions like increased domestic capacity and low demand for leisure travel during the second quarter have resulted to a difficult pricing environment. The company anticipates that these pressures will continue throughout the remainder of the year and add to operational uncertainty. Spirit Airlines announced last month that it would lay off 270 pilots and demote another...

WestJet Airlines announced on Tuesday that normal operations are underway following a temporary outage of its system, which forced the Canadian carrier briefly to halt all departures. Onex Corp, which owns the airline, had requested a ground-stop from the U.S. Federal Aviation Administration earlier in the day. This affected flights that were operated using the WestJet livery, and WestJet Encore, its regional division. Ground stops are temporary air traffic control measures that stop flights from leaving for a particular airport or region. This is usually done due to safety issues, weather conditions, or operational problems. In a press release, the...

Federal Aviation Administration announced on Friday that it will extend the flight reductions at Newark Airport, one of three major airports in the New York City area, until October 2026. This is due to the fact that the agency continues to struggle with air traffic controller shortages and congestion. The FAA announced in May that it would be reducing flights at Newark Liberty International Airport, New Jersey until 2025. This was after a series major disruptions caused by United Airlines at its hub. These disruptions caused hundreds of flights to be delayed and raised concerns about the ageing U.S. Air...

After a collision on January 29, involving an American Airlines regional plane and an Army helicopter, which killed 67 people, a U.S. government agency announced that it would open an investigation into how the government manages airspace around Reagan Washington National Airport. The Office of Inspector General of the U.S. Transportation Department is auditing Federal Aviation Administration management of airspace, and the allowance of exemptions for the use of ADS-B by military aircraft. Senators, the National Transportation Safety Board, and Transportation Secretary Sean Duffy have all criticized the FAA for not acting on reports of near miss incidents prior to...

Expedia shares surged by more than 17% on Friday in premarket trade after the online travel agency raised its forecast for full-year gross reservations and expressed optimism about the recovery of U.S. demand. Expedia is the newest travel company to suggest a recovery in demand. This follows a dip earlier this year, when consumers were worried about the economic impact President Donald Trump’s tariff policies. Ariane Gordon, CEO, said in the earnings call held on Thursday that "since the beginning of July we have seen a rise in travel demand in general, especially in the U.S." The company now expects...

Airbnb shares fell more than 7% Thursday, after the company announced slower growth for the second half of this year. This disappointed investors who had expected a rebound in demand following strong forecasts by major travel companies. Vacation home rentals' gloomy future was a setback for the industry. It had seen a rise in consumer confidence in July and expected budget-conscious Americans would return to vacations, despite inflation and tariffs. United Airlines and Hilton Worldwide forecast a strong growth in revenue for the fourth quarter last month. Booking Holdings, an online travel agency, also reported positive quarterly results last week....

Airbnb shares fell 6% on Thursday before the bell, after the company announced slower growth for the second half of this year. This disappointed investors who had expected a rebound in demand following strong forecasts by major travel companies. Vacation home rentals' gloomy future was a setback for the industry. It had seen a rise in consumer confidence in July and expected budget-conscious Americans would return to vacations, despite inflation and tariffs. United Airlines and Hilton Worldwide forecast a strong growth in revenue for the fourth quarter last month. Booking Holdings, an online travel agency, also reported positive quarterly results...

These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. The new tariffs imposed by U.S. president Donald Trump on more than ninety countries went into effect at midnight Thursday. This accelerated a global economic war which is already affecting the U.S. United Airlines has resumed its operations after a nationwide system failure that grounded all flights on Wednesday. The Federal Aviation Administration warned of possible delays while the airline recovers. Trump increased the tariffs on Indian exports by 25%, bringing...

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. - Activist investor Starboard Value has a more than 9% stake in Rogers Corp and plans to seek another round of changes at the engineering-materials maker to boost shares. Disney's ESPN, TKO Group and World Wrestling Entertainment reached an agreement worth more than $1.6 Billion that gives the sports-media firm exclusive rights to WWE's highest-profile events. Apple and other electronics companies worried about trade issues will be happy to hear that U.S. president Donald Trump has announced...

Turkish Airlines still has a strong interest in purchasing a stake in Spanish carrier Air Europa, and is preparing a legally binding offer. A company executive stated this during a earnings call held on Wednesday. "We will be presenting a binding proposal very soon." We are not yet at that stage. "We will make public the decision and approval of the board as soon as it is made," said the executive. Turkish Airlines' investor relations and financial executives answered questions during the earnings call. The executive stated that the primary reason for interest in the Spanish carrier was that it...

A spokesperson for the German Group announced on Tuesday that Lufthansa had abandoned its plans to bid for an interest in the Spanish airline Air Europa. This comes only one week after Air France KLM also announced that it would be pulling out of the bidding process. Turkish Airlines is the only bidder known to exist. British Airways' owner IAG has a 20% stake but after years of discussions, failed to gain regulatory approval for the full takeover. After thorough analyses and intensive negotiations, at this point we have decided to refrain from further engagement in a capital contributions and...

Dutch postal company PostNL announced a surprise operating income for the second quarter on Monday and confirmed its full year guidance, citing progress made in strategic initiatives as well as benefits from targeted yield-measures. PostNL, a company that delivers letters and parcels across the Netherlands and Belgium, reported a normalised operating loss of 11 million euros (12.74 million dollars) for the third quarter. This is down from 18 million euros a year ago. Five analysts polled by the company had predicted a loss on average of 3 million euro. In a press release, CEO Pim Berendsen stated that "other measures...

In the past six months, European airline shares have surged despite geopolitical uncertainty and economic instability. Meanwhile, U.S. airline stocks have fallen amid a decline in travel spending. Since the beginning of this year, there has been a lot of volatility in the stock market as President Donald Trump’s trade war has shaken business and consumer confidence. Travel spending is a major discretionary expense for consumers and businesses. The prospects of a weak economy in the U.S. coupled with high inflation has impacted shares of Delta, United, and American Airlines. The two main European flag carriers, Lufthansa & Air France-KLM,...

IAG, the owner of British Airways, reported earnings for the second quarter that were better than expected on Friday. This was due to strong demand from transatlantic travelers despite concerns about possible knock-on effects caused by President Donald Trump’s tariff war. Air France-KLM, Lufthansa and other European airlines have largely avoided the turmoil caused by tariffs. Both companies reported strong second quarters this week and confirmed their annual forecasts. IAG posted an operating profit for the third quarter of 1,68 billion euro ($1.92 billion), compared to the average analyst forecast of 1.4 million euros, according to an LSEG survey. This...

A spokesperson for the Franco Dutch airline group announced on Thursday that Air France-KLM had pulled out of the deal to purchase a stake in the privately owned Spanish airline Air Europa. The spokesperson for Air France-KLM said that Globalia, the company that controls Air Europa and is controlled by Air France, could not come to an agreement. Globalia's spokesperson did not respond immediately to a comment request. German Lufthansa, Turkish Airlines and IAG-owned British Airways have made bids to Globalia for a 20% stake in Spanish airline IAG. Air Europa, a Spanish airline that connects Madrid to large Spanish...

Air India's Airbus A320 veered off of the runway during a landing at Mumbai International Airport in heavy rain on Monday. The runway was briefly closed and one engine's underside was damaged. Air India has confirmed that all passengers and crew have disembarked. However, it did not mention if anyone had been injured. Air India flight AI2744 flew from Kochi, in southern Kerala to Mumbai. Mumbai airport issued a statement saying that "minor damage" had been reported on the primary runway due to a "runway deviation". A secondary runway was activated in order to maintain operational continuity. Air India confirmed...

Industry officials say that poor infrastructure, regional conflict, and Israeli airstrikes have prevented more airlines from returning. This is hampering efforts to rebuild Syria's economy, which has been ravaged by 14 years of civil warfare. At least 11 foreign airlines will fly to Syria this month. This is up from only three a year earlier, as sanctions have been rolled back since the overthrow in December 2024 of Bashar al Assad, Syria's longtime leader. The world's largest airline, Emirates of Dubai, as well as the first two European Union airlines to fly into Syria in 2011 are Romania's Dan Air,...

Luis Montenegro, the Prime Minister of Portugal, said that Portugal expects to attract large airlines from both within the European Union as well as outside the bloc due to its untapped potential. Portugal has relaunched its long-delayed TAP privatisation on Thursday. The aim is to sell a stake of 44.9% to a company that can bring scale and global competitiveness to the airline, while also offering an additional 5% for TAP staff. In the last year, three major European airlines, Lufthansa and Air France-KLM as well as British Airways owner IAG have met with the government to discuss TAP. Air...

Norwegian Air, a budget airline, announced Friday that it had exceeded market expectations in the second quarter and would be paying a dividend. Norwegian reported an operating profit (EBIT), of 1.25 billion Norwegian Crowns ($123.84 millions) for the third quarter. This was higher than the company's consensus estimate of 1.04 billion Norwegian crowns. The airline said that it would also pay a dividend to shareholders of 0.90 crowns each for the first ever time. In a statement, CEO Geir Carlsen stated that "the operating profit and margin were the second highest ever in this quarter and the passenger number and...

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...