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Passenger Transportation Services

Congress will hold an hearing on US airline regulation and competition

The House of Representatives will hold an hearing on June 24 to discuss 'the state of U.S. airlines competition and regulation following the collapse of low-cost carrier Spirit Airlines last month. The?subcommittee of the House Judiciary that oversees antitrust matters will hold an hearing entitled "The 30,000-Foot View: Competition and Regulation in America." Airline Industry." The CEO of Airlines for America, Chris Sununu, is expected to give testimony at the hearing. Republicans will likely use the hearing as an opportunity to claim that the Biden administration failed to protect jobs through its airline competition policies, while Democrats are going to...

Passenger Transportation Services

CNBC reports that JetBlue will reduce its Newark and LaGuardia services.

JetBlue Airways will close its 'flight attendant' base in New Jersey's Newark Liberty International Airport, as well as its 'tech operations' bases at the airport and LaGuardia Airport in New York this fall. CNBC reported. The report said that the move was part of an effort to reduce costs and improve service at Florida's Fort Lauderdale airport. JetBlue is a major carrier in the area, which is a lucrative hub. According to the company's annual report, JetBlue had a 13% market share for airline seats in?five airports of the New York metropolitan area, including Newark, LaGuardia, and JFK. According to...

Transport Infrastructure

Washington Airport will be closed for the majority of the Fourth of July

Ronald Reagan 'Washington National Airport is closing on July 4 at noon EST (1600 GMT), due to 250th U.S. Anniversary events in the Capital Region, including a flyover by the military. This was announced Tuesday by the Metropolitan Washington Airports Authority. The airport in Virginia, near Washington, D.C., is also scheduled to close for several hours for rehearsals on the 3rd of July. The closures will result in hundreds of cancelled flights. Airport?is anticipated to reopen?early?on?July 5. United Airlines has said that it "planned for this and has scheduled accordingly to ensure there is no customer impact." Washington Airport faced...

Passenger Transportation Services

US closes investigation into 2024 Delta Air Lines melting down sparked by CrowdStrike failure

The Trump?administration announced on Monday that it had?closed?an?investigation, without seeking penalties, into a July 20, 2024 meltdown of Delta Air Lines sparked a global outage which disrupted the plans of 1.3 millions customers and cost $500 million to the carrier. Biden's administration launched an investigation into Delta after the CrowdStrike computer software outage. Other major carriers had been able to quickly resume normal operations. The U.S. Transportation Department spokeswoman said that the review revealed "Delta passengers received prompt refunds and adequate baggage assistance as well as appropriate?assistance to passengers with disabilities." USDOT, under President Donald Trump's administration, has rolled back...

Passenger Transportation Services

Airbus CEO criticises European regulatory costs when it opens new line

Airbus' head urged France and the European Union to tackle high regulatory and other costs that are weighing businesses down. He also said the issue of competitiveness needs to be addressed at the French presidential elections next year. Speaking to French politicians, including the transport minister of the country, at the opening of a new assembly in Toulouse in the south of France CEO?Guillaume Faury cited labour and energy costs. He called the cost?of European regulatory obstacles "absolutely horrendous". Faury spoke at the opening of a new assembly?line for the A321neo, the most popular narrowbody model. Airbus is aiming to...

Passenger Transportation Services

State highway patrol reports 12 deaths in Missouri plane crash

Law enforcement officials reported that 12 people died in the crash of a private plane on Sunday in Butler, Missouri. Missouri State Highway Patrol reported that the crash happened near Butler Memorial Airport about 60 miles south of Kansas City. The?agency posted on X that "at this time, reports indicate that all occupants (12 in total) have died." A spokesperson for Bates County Emergency Management confirmed to local TV station Fox4 that the victims included 11 skydivers and one pilot. Bates County Sheriff Chad Anderson told reporters that the plane had taken off from Butler Memorial Airport and crashed shortly...

Passenger Transportation Services

Manhattan erupts in chaos after Knicks victory, with a World Cup bus on fire

A World Cup bus caught fire and a teenager was wounded by a gunshot in chaotic scenes that broke out in Midtown Manhattan late Saturday night as basketball fans poured onto the streets to celebrate the historic victory of the New York Knicks in the NBA Finals. After spilling from packed bars and outdoor venues and chanting, "Knicks in Five!" some fans fired smoke grenades and set off fireworks. Fans celebrate their team's win in the fifth of seven possible games by setting off fireworks and firing smoke grenades. The New York Knicks are yet to win a championship since...

Transport Infrastructure

American Airlines will resume US flights to Haiti by November

American Airlines announced Friday that it would resume flights to Haiti on 1 November after major U.S. airlines ceased service in the Caribbean nation by late 2024. American will resume service in Haiti this fall. It is the first U.S. airline to announce that it would be resuming its service. Since November 2024, the U.S. Federal Aviation Administration (FAA) has banned flights to Port-au-Prince in Haiti's capital due to a perceived threat from "armed groups" to civil aviation. Later, the FAA allowed flights to resume at'six other airports located in northern Haiti. But it kept its ban on Port-au-Prince. Haiti...

Passenger Transportation Services

Families of victims mark anniversary of Air India crash with prayers and tributes

Families of those 260 people who were?killed in an Air India 'Boeing 787 crash that occurred in Ahmedabad one year ago?will gather this Friday to pray and pay tribute by candlelight to mark the anniversary. Some of the relatives attended a commemoration earlier in the day at B.J. Some of the relatives who attended the memorial ceremony earlier that day, near the site where the plane crashed in a student hostel, were joined by politicians, government officials, and foreign dignitaries. The damaged hostels, which bear the scars from the crash of June 12, 2025 remain closed. The state government of...

Passenger Transportation Services

Air India's Boeing Dreamliner crash: Inside the cockpit

According to a source familiar with the matter, Indian investigators will delay the release of their final report on the 'deadly Air India Boeing 787-8 crash until the anniversary of the accident, which is Friday. They are citing the need for a complete analysis of the engines of the aircraft. The sequence of events on June 12th, 2025 as described by Indian investigators' preliminary report published on July 12, last year. Air India Dreamliner VTANB landed at Ahmedabad as AI423 at 05:47 GMT. 07:48 GMT - An aircraft was spotted departing Bay 34 of the airport. The aircraft was cleared...

Passenger Transportation Services

Air India crash report delayed due to unfinished engine examination, Bloomberg News reports

Bloomberg News reported that investigators would miss the deadline of Friday to?explain? why an Air India plane crashed. This is because the engines of the Boeing 787 aircraft still need to be examined in the U.S. The report cited people who were familiar with the situation as saying that the Aircraft Accident Investigation Bureau of India (AAIB), will likely release a status update this week focusing on the reasons for the delay. Air India 787, headed for London on June 12, 2025 crashed shortly after takeoff in Ahmedabad.?260 people were killed in the deadliest air disaster of the decade. Bloomberg...

Passenger Transportation Services

There are some flights to the Middle East that have resumed but there is still disruption.

Middle East airlines are slowly resuming some flights as they rebuild their schedules following the war's disruption. However, the conflict is still disrupting wider traffic flows. Middle-East airlines have increased capacity following the severe disruption caused by the Iran War, but many carriers outside of the Gulf are still diverting Europe to Asia flights. The latest flight information is listed below alphabetically: AEGEAN AIRLINES Greece's biggest carrier has cancelled flights from Thessaloniki, Greece to Tel Aviv. Flights to Dubai have been cancelled until August 31 and flights to Erbil?and?Baghdad?until July 2. AIRBALTIC AirBaltic, a Latvian airline, has cancelled all flights...

Europe

Passenger Transportation Services

French and Benelux stocks: Factors to watch

Here are some company news and stories that could have a significant impact on markets in France and Benelux or individual stocks. AIR FRANCE KLM: The Franco Dutch airline group has signed a multi-purpose credit facility worth EUR1 billion with 12 international banks. Its aim is to refinance existing financial instruments, including M&A, starting in H2 2026. AUTOS: The number of battery electric vehicles registered in Europe in May reached a new record, continuing a strong growth, as policy support, subsidies and higher petrol prices boosted demand. DERICHEBOURG SA : French waste management company Derichebourg Environnement has won a total...

Passenger Transportation Services

KKR invests $1.4 billion in aircraft leasing and targets airlines, Boeing, and Airbus

Private equity firm KKR announced a new $1.4 billion bet on aircraft lease with a partner Altavair on Wednesday, as Airbus and Boeing continue to struggle with a lack of planes. Private equity firms and leasing companies are playing a greater role in financing aircraft purchases. This is because airlines are facing rising costs, recovering travel demand and limited aircraft supply. About half of the world's fleet is now leased, or rented. KKR has invested more than 12 billion dollars in aviation since 2015. Altavair is a company that focuses on the acquisition of new and used aircraft, and then...

Passenger Transportation Services

Qantas announces first route for ultra long-haul Project Sunrise flights

Qantas Airways will announce the first destination on Wednesday for the longest non-stop flight in the world?from east Australia to London or New York. This is a major breakthrough after years of delays. Since 2017, "Project Sunrise", a plan to offer direct flights on modified Airbus long haul jets to London hubs in the Middle East and Asia, has been under development. It is expected to be operational by the end next year. It is hoped to reduce the five-day journey on the "Kangaroo Route", which used to take place from Sydney to London, to a maximum of 22 hours...

Western Europe

There are some flights to the Middle East that have resumed but there is still disruption.

As regional carriers rebuild their schedules following war-related disruptions, some airlines are gradually restoring flights to the Middle East. However, the conflict continues to disrupt larger traffic flows. Middle Eastern airlines increased capacity following severe disruption caused by the Iran War, while many carriers outside of the Gulf still divert Europe-Asia flight to avoid the area. The latest flight information is listed below alphabetically: AEGEAN AIRLINES Thessaloniki-Tel?Aviv flights were cancelled by Greece's biggest carrier until June 26. Dubai flights are cancelled until August 31. Erbil, Baghdad and Erbil flights will be cancelled until July 2. AIRBALTIC AirBaltic, a Latvian airline,...

Middle East

Passenger Transportation Services

There are some flights to the Middle East that have resumed but there is still disruption.

Some airlines have begun to restore some flights in the Middle East, although many suspensions remain in place following the U.S. and Israeli?strikes against Iran in February that disrupted global travel. Here is a list of the current status of airline flights in alphabetical order. AEGEAN AIRLINES Thessaloniki-Tel Aviv flights were cancelled by Greece's biggest carrier until 26 June. Dubai flights are cancelled through August 31. Erbil, Baghdad and Erbil flights will be cancelled until September 30. AIRBALTIC AirBaltic, a Latvian airline, has canceled flights to Tel Aviv and Dubai until the 28th of June. AIR CANADA Canadian Airlines has...

Passenger Transportation Services

El Al Airlines of Israel signs an internet deal with El Musk's Starlink

El Al Israel Airlines announced on Monday that it had?signed a contract with Elon Musk’s Starlink?to provide high-speed Internet across its entire fleet from next year. The financial details of the agreement were not revealed. Israel's flag-carrier said SpaceX's Starlink would be offered at no additional cost and would allow for hundreds of passengers to connect simultaneously. This would include long-haul flights. Fast in-flight Wi Fi has become a key perk for premium airlines to attract customers. Starlink, the company that operates two-thirds (or more) of the satellites in space and generates most of SpaceX's revenue, has signed up 11...

Passenger Transportation Services

Riyadh Air, a Saudi-backed airline, lands its maiden flight amid the Iran conflict

Saudi Arabia's Riyadh Air, a new airline in Saudi Arabia, launched its first London flight on Wednesday using its new Boeing fleet. CEO Tony Douglas played down the impact of Iran conflict saying that the startup would benefit if travellers avoided other parts of Gulf. As the aviation industry struggles to cope with the impact of war in the Middle East, and rising jet fuel prices, the state-backed carrier has launched its first service from London Heathrow using one of its Boeing 787 Dreamliners. Douglas claimed that Riyadh Air’s smaller fleet offered some protection from the crisis. Douglas said, "I...

Passenger Transportation Services

Italy reduces its reliance on imported jet fuel amid disruptions caused by the Iran war

Senior officials from the fuel producers and airport operators in Italy said that the refineries had increased jet fuel production this year to reduce the risk of a shortage for the airline industry due to the 'Iran War. The Strait of Hormuz closure has caused global jet fuel supplies to be disrupted, which has led to higher prices and forced suppliers of cargoes to reroute their shipments. According to the head of fuel producers' union UNEM, Italy imported 50% of its?5million tons of jet fuel annually. By 2026, it will increase domestic production to 70% to meet demand. UNEM President...

Passenger Transportation Services

Protesters disrupt the start of German Air Industry Showcase

On Wednesday, protesters blocking roads to 'Berlin’s ILA airshow and shouting slogans like "Free Palestine" forced many delegates to walk. Witnesses reported that dozens of police officers were on the scene. A couple of them were seen carrying away a protester. Buses couldn't reach the venue and hundreds of people had to walk to the event. This year, the ILA airshow, which dates back to 1909, will host 750 exhibitors from 37 countries. The build-up to the show saw the cancellation of a Franco-German flagship fighter jet project, which 'became bogged-down in industrial rivalries. This underlined 'the struggles Europe has...

Passenger Transportation Services

Emirates is optimistic about Boeing 777X but there has been no progress on the Airbus A350 engine dispute

Dubai's Emirates president says that the company expects to get its first Boeing 777X, which has been delayed for years, by June next year. However, it is still waiting on progress in Rolls-Royce engine improvement, which would allow them to order Airbus A350-1000. Emirates, the largest buyer of wide body jets in the world, has complained a lot about the long delays with Boeing's biggest?model and the durability of the engines on Airbus's own biggest model. Tim Clark, Emirates President, said on the sidelines a Berlin industry conference that the 777X was in "good shape". The airline anticipates receiving its...

Passenger Transportation Services

LATAM CEO expects further airline capacity reductions if the fuel crisis persists

LATAM Airlines' Chief Executive?Roberto Alvo warned that the industry could be forced to reduce capacity if fuel prices continue to rise into 2027. He also said there would be increasing pressure on airlines. Alvo said in an interview at the International Air Transport Association annual meeting in Rio. "At the end, that's the only thing you can do to try and balance the equation in the industry." Alvo said that airlines with stronger balance sheets, and more premium passengers were better positioned to absorb the fuel shock. He said that carriers with weaker finances, or those who are more exposed...

Passenger Transportation Services

Oman Air orders jets to transform into profit

Oman Air will order 'jets' to replace its aging planes, and to serve more routes, according to CEO Con Korfiatis. Korfiatis did not reveal a timeline for the deal or the number of aircraft, but he said that he was interested in narrowbody jets equipped with lay-flat mattresses, which appeal to premium travelers and are able to carry fewer passengers on long-haul flights, such as Kuala Lumpur, and Istanbul. He said, "We've been doing long-haul flights on narrowbody aircraft in the past couple of years that we didn't do before." "We see a market opportunity with this product." In March,...

Passenger Transportation Services

Etihad Airways purchases widebody aircraft, returns to pre-war capacity by June

In an interview, CEO Antonoaldo Neves stated that Etihad Airways will be ordering more widebody aircraft to meet its 8% increase in flights over the previous year by June 15. On Saturday, he said that Abu Dhabi's airline is purchasing widebody planes in the "double digits" but declined to provide any further details. Neves stated that Etihad has restored flights following the cuts made in March, as the U.S. and Israeli war against?Iran shifted regionally, increasing fuel prices. Etihad, he said, "doesn't plan to reduce?costs? by cutting flights for the time being." He said, "The largest cost we have is...

Passenger Marine Transportation

Pentagon: US forces board a sanctioned oil tanker in the Indian Ocean

The U.S. Indo-Pacific Command announced on Friday that U.S. forces had seized the stateless sanctioned oil tanker Davina in the Indian Ocean overnight. Washington has placed a sea blockade against Iran, while Tehran has fired at ships to stop them from?sailing? through the Strait of Hormuz and entering the Middle East Gulf. In recent months, U.S. forces intercepted "multiple commercial and petroleum tankers" in the Indian Ocean. Indo-Pacific Command posted on X that "we will continue to enforce global maritime law to?disrupt illegal networks and 'interdict vessels providing materials support to Iran wherever they operate". According to data from ship...

Passenger Transportation Services

IATA: Many airlines are affected by the fluctuations in jet fuel prices, but not all of them can hedge.

The head of fuel for the International Air Transport Association said that many airlines are being impacted by price fluctuations in the jet fuel markets. Daniel Chereau said that some airlines who have more sophisticated hedging strategies can get a little cushion. He was speaking at the S&P Global Energy Middle East Petroleum?and Gas Conference. The impact of the crack spreads on jet fuel refinery profits, also known as profit margins, is not good for the airline industry. According to LSEG, in North West Europe the crack spread of jet fuel peaked in March at a record high of?over $121....

Passenger Transportation Services

Israel's El Al resumes San Francisco flights between Tel Aviv, Silicon Valley and Tel Aviv

El Al Israel Airlines announced on Monday that it will resume nonstop flights between Tel Aviv, Israel and San Francisco starting October 25. The airline cited a demand for a route connecting the two tech hubs. The three 15-hour weekly flights were given the number LY49 in honor of the San Francisco 49ers Football team. Shlomi Zafrani is El Al's Vice President of Commerce and Sales. The opening of this new route is intended to "respond to the significant demand from businessmen and Israelis in the region and to facilitate a more convenient and direct connection between Israel, Silicon Valley...