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<ul class="summary-list"><li>British Airways owner IAG reported profits were up 15% from the same period last year.</li><li>One analyst said the group avoided being affected by Boeing delivery delays like some rivals.</li></ul>The owner of <a target="_blank" class="" href="https://www.businessinsider.com/british-airways-airbus-a380-premium-economy-review-upgrade-cost-2024-10">British Airways</a> posted bumper profits as it reported its third-quarter earnings on Friday that sent its stock higher.International Airlines Group posted an operating profit of 2 billion euros ($2.15 billion) for the three months to September 30, 15% higher than the same period last year. Revenue rose 7.9% to 9.32 billion euros."This is due to the effectiveness of our strategy and group-wide transformation," said IAG <a target="_blank" class="" href="https://www.businessinsider.com/neither-boeing-nor-airbus-won-this-years-farnborough-airshow-2024-7">CEO Luis Gallego</a>. "Demand remains strong across our airlines and we expect a good final quarter of 2024 financially."Sean Doyle, the CEO of BA, said in a LinkedIn post that the carrier had "faced a challenging operating environment this summer, driven by air traffic control restrictions, adverse weather and engine supply delays" and thanked customers for their understanding when delays have occurred. "We're already working hard with our industry and government partners to improve resilience across the sector ahead of next summer."Julie Palmer, partner at management consultancy company Begbies Traynor, told industry outlet ARGS: "In contrast to its peers, heavily affected by Boeing delivery delays and falling ticket prices, the British Airways owner was able to materially increase passenger revenues leading to a near 8% uptick in overall revenues."Analysts at Peel Hunt said the better-than-expected results were due to robust cash generation, the buildup of excess cash, and confidence in the strategy and long-term group prospects, and hailed a surprise 350 million buyback. "The outlook is positive, with sustainable demand for travel and attractive margins," they added. The stock jumped more than 6% in London, bringing the year-to-date rise to almost 50% and valuing IAG at just over 11 billion euros.The group also owns Iberia, Aer Lingus, and the budget carrier Vueling.Europe's biggest airline, <a target="_blank" class="" href="https://www.businessinsider.com/ryanair-earnings-profits-drop-boeing-delays-criticism-consumer-2024-11">Ryanair</a>, said on Monday that profits were down 18%. The budget carrier criticized Boeing, saying it relied on fuel savings to offset higher spending caused by delivery delays.Problems with engines powering Airbus jets have also affected European carriers. Wizz Air reported that profits were down a fifth, as it grounded dozens of planes for inspections on <a target="_blank" class="" href="https://www.businessinsider.com/airlines-scramble-for-spare-parts-amid-pw-engine-recall-2023-8">Pratt &amp; Whitney engines</a>.<h2 id="91bd5365-9f2f-4eb8-b5cf-e7efe2e11646">Route cuts </h2>Some issues still lie ahead for British Airways.Due to delays to Rolls-Royce engine parts for its Boeing 787 jets, the airline has canceled flights between London Gatwick and New York JFK from December to March.It also plans to stop flying to Dallas-Fort Worth due to the same supply-chain issues, Simple Flying reported.Nonetheless, BA announced that next summer, it will operate a record number of flights to North America.Flights to the North Atlantic region made up the highest proportion, or 31.7%, of IAG's airline seat kilometers in the last quarter. British Airways' revenue in the region was "particularly strong," the company said.

Profits jump at British Airways' owner as rivals struggle with Boeing delivery delays

<ul class="summary-list"><li>A Cathay Pacific Airbus A350 U-turned on Monday due to an engine component failure.</li><li>After inspections, the airline found that 15 jets needed components replaced.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/best-first-class-lounge-hong-kong-cathay-pacific-the-pier-2024">Cathay Pacific</a> has canceled 24 flights and expects more to follow after discovering a problem with the Rolls Royce engines on over a dozen of its <a target="_blank" class="" href="https://www.businessinsider.com/air-india-airbus-a350-soon-flying-us-jfk-photos-2024-7">Airbus A350</a> jets.<a target="_blank" class="" href="https://www.businessinsider.com/rolls-royce-engine-factory-airbus-2017-6">Rolls Royce</a> said it would inform other airlines of any further developments. The same engine type is used on 88 aircraft around the world, according to ch-aviation data.Hong Kong-based Cathay Pacific said Monday that it began inspecting all 48 of its A350 jets after an inflight incident.According to data from Flightradar24, one of Cathay's jets was about 15 minutes into a flight from Hong Kong to Zurich early Monday morning when it turned back around.The airline said that upon inspection, it "identified an engine component failure" on the A350 in question.As a result, <a target="_blank" class="" href="https://www.businessinsider.com/cathay-pacific-asks-if-business-class-pax-would-bring-own-cutlery-2024-4">Cathay Pacific</a> said it inspected all 48 of its Airbus A350 jets within 24 hours. It found that 15 of them needed engine components replaced.The airline added that 24 flights have been canceled so far, 10 more are expected to be canceled on Wednesday, and potentially more up to Saturday.Rolls Royce's share price dropped as much as 5.7% on Monday but rebounded about 4% when the London Stock Exchange opened Tuesday morning."As well as providing support and guidance to Cathay Pacific, Rolls-Royce will also keep other airlines that operate Trent XWB-97 engines fully informed of any relevant developments as appropriate," the manufacturer said in a <a target="_blank" class="" href="https://www.rolls-royce.com/media/press-releases/2024/03-09-2024-statement-re-flight-cx383.aspx">statement</a>.It added that replacing the component can occur while the engine is still on the wing, reducing maintenance times.<div type="image" title="A close up of a Rolls Royce Trent XWB-97 engine on a Qatar Airways Airbus A350-1000 at the 2023 Paris Air Show" height="2267" width="3022" msid="113026958" hostid="261" sizebytes="630674"></div>Rolls Royce's Trent XWB-97 is the sole engine choice for the <a target="_blank" class="" href="https://www.businessinsider.com/see-inside-qantas-a350-1000-that-fly-worlds-longest-flight-2023-6">A350-1000</a>, the largest version of the widebody jet that can carry up to 480 passengers. The A350-900 uses a different Rolls Royce engine.According to ch-aviation data, Cathay Pacific is the joint-second top operator of the A350-1000, with 18 such jets. British Airways also has 18, while <a target="_blank" class="" href="https://www.businessinsider.com/toured-qatar-airways-airbus-a350-worlds-best-business-class-2023-6">Qatar Airways</a> has 24. Other operators include Etihad Airways, Japan Airlines, and Virgin Atlantic.Last November, <a target="_blank" class="" href="https://www.businessinsider.com/dubai-airshow-2023-highlights-most-important-moments-2023-11">Rolls Royce defended the Trent XWB-97</a> in the face of criticism from Emirates President Tim Clark.Cathay Pacific, one of just 10 airlines to be rated five stars by Skytrax, said it has "fully complied with all maintenance requirements of the engine manufacturer and stringent maintenance procedures are in place to ensure that our fleet is always operated safely.""This component was the first of its type to suffer such failure on any A350 aircraft worldwide," it added."At Cathay, safety of our customers and our people guides every decision we make. We sincerely apologize for the inconvenience caused and appreciate our customers' patience and understanding."Monday's inflight incident is being investigated by authorities in Hong Kong.

After an Airbus A350 U-turned due to an engine problem, an airline found 15 jets with the same issue

<ul><li>Shares of <keyword id="6358200" type="General" weightage="20" keywordseo="jet-airways" source="Orion">Jet Airways</keyword> (India) were locked in a 5% upper circuit at ₹90.30 on Friday on news that the airline is in talks with Boeing Co and Airbus SE for an order worth $12 billion.</li><li>The airline, which has been grounded since 2019, is expected to resume its operations in the first quarter of FY23.</li><li>The new owners Jalan-Kalrock consortium's resolution plan for Jet was approved by a bankruptcy court in June.</li></ul>Shares of Jet Airways (India) are in the spotlight as the stock is locked in a 5% upper circuit at ₹90.30, on December 3, on news that the airline is in talks with aircraft manufacturers Boeing Co and Airbus SE for an order worth $12 billion. BloombergQuint reported that new owners -- Murari Lal Jalan and Kalrock -- said it could buy at least 100 narrow-body aircraft. The group is set to invest about $200 million through equity and debt in Jet over the next six months, said the media firm in a tweet. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[ ]]></cdata></div> The airline has been through a lot of turbulence in the last couple of years and is now in the news for resuming its operations by adding new aircraft. Jet Airways went to bankruptcy court after being grounded in April 2019. Later in June 2021 new owners -- UK-based Kalrock Capital Partners and UAE-based businessman Murari Lal Jalan -- took over the defunct airline. Now the airline is expected to resume its domestic flights in the first quarter of the next financial year that starts from April 1, 2022. <div type="image" title="jet air" height="900" width="1200" msid="88067635" hostid="261"></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/poor-demand-for-star-healths-ipo-forces-investment-bankers-to-cut-down-on-promoter-offerings/articleshow/88065207.cms">Poor demand for Star Health’s IPO forces investment bankers to cut down on promoter offerings; GMP at ₹10 discount</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/no-crypto-ban-in-india-sebi-will-reportedly-be-pulled-in-to-regulate-the-sector/articleshow/88065166.cms">No crypto ban in India — SEBI will reportedly be pulled in to regulate the sector</a>

Jet Airways stock flies on news that the airline is in talks to buy 100 aircraft ahead of its comeback

<ul class="summary-list"><li>Despite booming travel, airlines are struggling to turn a profit.</li><li>Southwest expects seat-mile revenue will decline up to 4.5%, while American predicts up to 6%.</li></ul><a target="_blank" href="https://www.businessinsider.com/why-flying-is-so-terrible-even-as-airlines-spend-billions-2023-5">Making money in the airline industry</a> has never been easy.It's a capital-heavy business with the constant need to expand and innovate while simultaneously managing ever-changing demand and costs.Expensive fuel, maintenance, and labor don't help, nor do unpredictable setbacks outside the airline's control, like pandemic travel bans and production slowdowns at planemaker <a target="_blank" href="https://www.businessinsider.com/boeing-whistleblower-said-was-threatened-to-keep-quiet-about-safety-2024-4">Boeing.</a>Despite the challenging environment, 2024 is still set to see record-breaking passenger numbers, according to the International Air Transport Association, or <a target="_blank" href="https://www.iata.org/en/pressroom/2024-releases/2024-06-03-01/">IATA</a>,<a target="_blank" href="https://www.businessinsider.com/north-america-lags-rest-world-air-travel-growth-iata-2024-4">With so many people traveling, </a>US airlines were poised for success. Some, like Delta, have found it. But across the industry, many airlines are struggling to turn profits thanks to issues like overcapacity, unrelenting competition, and unexpectedly high costs, according to experts.Take Southwest, for example, which in June <a target="_blank" href="https://www.forbes.com/sites/suzannerowankelleher/2024/06/26/southwest-guidance-activist-investor/">cut its forecasts</a> and now expects revenue per seat mile — a key financial metric for airlines — to fall by up to 4.5% where it had previously expected 1.5% to 3.5%.Before that, American in May <a target="_blank" href="https://www.cnbc.com/2024/05/28/american-airlines-outlook-chief-commercial-officer.html">warned</a> it expected the same metric to fall by 5% to 6% compared to last year. Its earlier prediction was 1% to 3%.Across the board, airlines have trailed the benchmark S&amp;P 500 index with more debt than the average publicly traded company and thinner margins.<h2 id="a747f0da-bf1e-4fc3-843e-1a4c8c95b821">Airlines got overambitious with their expansion plans</h2>Travel analyst Henry Harteveldt told Business Insider that thining margins are, in part, because airlines added too much to the market too fast amid confidence in the soaring demand and now can't sell all of those seats.<div type="image" title="Passengers check in for an American Airlines flights at O'Hare International Airport on October 11, 2022 in Chicago, Illinois." height="3648" width="5472" msid="111363746" hostid="261" sizebytes="801342"></div><a target="_blank" href="https://www.reuters.com/business/aerospace-defense/american-airlines-cuts-second-quarter-profit-forecast-2024-05-28/">Reuters</a> reported American hurt its pricing power after aggressive growth in its domestic market. The airline also missed out on revenue from <a target="_blank" href="https://www.businessinsider.com/american-airlines-ceo-admits-ticket-sales-strategy-change-mistake-2024-5">corporate customers due to a flawed ticket sale strategy</a> it has since admitted was a mistake to adopt."We're seeing softness in customer bookings relative to our expectations that we believe is in part due to the changes that we have made to our sales and distribution strategy," American CEO Robert Isom <a target="_blank" href="https://seekingalpha.com/article/4696281-american-airlines-group-inc-aal-bernstein-strategic-decisions-conference-transcript">said</a> during a May conference.Southwest also <a target="_blank" href="https://otp.tools.investis.com/clients/us/southwest/SEC/sec-show.aspx?Type=html&amp;FilingId=17642687&amp;CIK=0000092380&amp;Index=10000">cited</a> its struggle to predict demand as part of its revenue problem. And, unlike <a target="_blank" href="https://www.businessinsider.com/flying-ultra-low-cost-airlines-spirit-frontier-not-worth-it-2024-6">ultra-low-cost carriers</a>, Southwest doesn't charge extra for ancillaries like bags or seats — another missed revenue opportunity.In fact, <a target="_blank" href="https://www.businessinsider.com/southwest-airlines-call-for-changes-new-leadership-ceo-elliott-management-2024-6">activist firm Elliott Investment Management recently pumped nearly $2 billion</a> into Southwest, questioning strategies like its lack of add-on fees and calling for a board shake-up and the firing of Southwest CEO Bob Jordan.<h2 id="d2a52b4a-3d28-4f0b-9efd-98139d9092e8">Business travelers are booking fewer last-minute premium-priced tickets</h2>Part of the industry's overcapacity problem is because lucrative business travel still <a target="_blank" href="https://skift.com/2024/03/14/business-travel-could-stage-a-full-pandemic-recovery-in-2024/">hasn't</a> completely rebounded since the pandemic, Harry Kraemer, former CFO and CEO of healthcare firm Baxter International, told BI.Corporations aren't spending as much on last-minute business travel since the pandemic made Zoom and Google Meet more convenient."Half of the market is gone, and it's their highest margin," Kraemer said. "You've got all this excess capacity, and you've bought these planes, so what are you going to do with them."Further, Harteveldt said companies have become more price-sensitive and are looking for cheaper options, noting ULCCs Frontier and Spirit are even getting business customers.<div type="image" title="Frontier and Spirit planes on parallel runways." height="671" width="1024" msid="111363750" hostid="261" sizebytes="66842"></div>Over the past 12 months, shares of Spirit and Frontier have declined roughly 79% and 50%, respectively, far underperforming competitors and the market.In an effort to boost revenue, they've changed their strategies to capitalize on the demand for more premium perks, such as dropping change and cancel fees and creating "business" class-like seats.<h2 id="6389725c-7fc3-4d87-b301-17d0248f2bff">Boeing delivery delays have eaten into profits</h2>Harteveldt said <a target="_blank" href="https://www.businessinsider.com/boeing-door-plug-blowout-tanked-alaska-united-airlines-earnings-2024-4">Boeing's ongoing delivery delays have cost airlines</a> like American, Southwest, and United millions of dollars. This has forced them to adjust their planned flying, impacting revenue opportunities and flight availability.He also said the lack of new planes means airlines are flying older ones for a longer time. The costs of maintenance and lesser efficiency can add up, and customers can't get access to the nicer amenities and reliability of newer jets.<div type="image" title="Boeing 737 MAX airplanes are pictured outside a Boeing factory on March 25, 2024 in Renton, Washington." height="4201" width="7000" msid="111363756" hostid="261" sizebytes="604068"></div><a target="_blank" href="https://www.businessinsider.com/avelo-tiny-low-cost-airline-expanding-new-cities-list-2024-4">Airlines need to expand with new routes</a> and planes, he said — it's the nature of the highly competitive industry.However, Harteveldt noted these forced network shake-ups, like <a target="_blank" href="https://www.businessinsider.com/southwest-leaving-these-4-airports-amid-boeing-737-max-crisis-2024-4">Southwest's exit from four airports</a>, could be beneficial for better leveraging airline pricing power, as capacity can be brought back in line with demand."The airlines should find and serve routes that are the most profitable, and that means they may need to increase capacity in some markets and completely exit others," he said.Low-cost competitor <a target="_blank" href="https://news.jetblue.com/latest-news/press-release-details/2024/JetBlue-Announces-Termination-of-Merger-Agreement-with-Spirit/default.aspx">JetBlue Airways</a> overhauled its network to stay above water after its failed merger with Spirit.Harteveldt noted that <a target="_blank" href="https://www.businessinsider.com/airbus-lowers-targets-after-benefiting-from-boeing-struggles-2024-6">Airbus is also facing production setbacks that are</a> impacting deliveries and worrying investors, though not as dire as Boeing.<h2 id="374ee9ec-da65-4119-a789-f37c06ab3c0c">Airlines are plagued by high costs in an extremely competitive industry</h2><a target="_blank" href="https://www.businessinsider.com/hate-spending-consumers-economic-sentiment-retail-sales-inflation-gdp-growth-2024-4">Nearly everything is more expensive</a> than it was before the pandemic, and airlines are no exception."It's the worst possible combination of high fixed costs and inflation on the variable costs," Kraemer said, pointing to costs like planes, labor, and fuel. "There are so many permanent changes like virtual meetings that airlines will need several years to adjust for."Fuel costs in April were 33% higher than they were during the same time in 2019, according to the most recent <a target="_blank" href="https://www.bts.gov/newsroom/us-airlines-april-2024-fuel-cost-gallon-down-06-march-2024-aviation-fuel-consumption-54-0#:~:text=Year%2Dover%2Dyear%20changes%20in,increasing%205.2%25%20from%20April%202019.">report</a> from the Bureau of Labor Statistics. Meanwhile, <a target="_blank" href="https://www.businessinsider.com/airline-pilot-pay-salary-american-delta-united-captain-first-officer-2024-4">US airline pilots have gotten huge pay raises</a> in recent years to help fend off a labor shortage.For low-cost carriers like Frontier and Spirit, these high costs make it challenging to make money, Kraemer said. Still, they force competitor fares down — creating another profit obstacle for mainline carriers. <a target="_blank" href="https://www.iata.org/en/iata-repository/publications/economic-reports/global-outlook-for-air-transport-june-2024-report/">IATA</a> reported in June that <a target="_blank" href="https://www.businessinsider.com/flight-ticket-prices-cheaper-inflation-united-american-delta-junk-fees-2024-6">industry ticket prices, including ancillary, are 15% below 2019 levels</a> despite high growth.<div type="image" title="Spirit Airlines bag check" height="724" width="1086" msid="111363748" hostid="261" sizebytes="64150"></div>Harteveldt said beefing up revenue in any way possible is the best way to counteract the ever-growing costs."These days, it's less about having the <a target="_blank" href="https://www.businessinsider.com/best-time-buy-plane-tickets-travel-fly-airfare-airlines-inflation-2023-11">lowest costs</a> and more about generating the most revenue," he said, suggesting strategies such as charging for more ancillaries, reducing the number of discount tickets sold, or creating more enticing bundle packages.

Airlines got too confident, and now they are paying the price despite record-breaking travel

Future Retail, Jet Airways, Adani Enterprises and other hot stocks on January 6

Hero MotoCorp, Jet Airways and other stocks to watch out for on June 23

<ul class="summary-list"><li>Qatar Airways plans to fly the Airbus A380 for at least two more years, its new CEO said.</li><li>The reason comes down to demand, operating congestion, and the <a target="_blank" href="https://www.businessinsider.com/qatar-new-qsuite-adding-first-class-to-boeing-777x-2024-3">delayed Boeing 777X</a>.</li></ul>The<a target="_blank" href="https://www.businessinsider.com/airbus-a380-superjumbo-history-boeing-747-emirates-2017-11"> Airbus A380</a> — a giant commercial airliner famous for its two levels and four engines — was once an engineering marvel. It can carry up to 853 people and is large enough to sport lavish amenities such as an on-board shower and a bar.But while the plane has been<a target="_blank" href="https://www.businessinsider.com/see-inside-ana-mammoth-airbus-a380-aircraft-all-nippon-airways-2023-4"> successful in strong hub-and-spoke networks</a> such as those Emirates, Singapore Airlines, and Qatar Airways use, it's become a common casualty during the pandemic as airlines shift to newer, more fuel-efficient wide-body planes, such as the Boeing 787 and the Airbus A350.Carriers, including Air France, Thai Airways, and Malaysia Airlines, have all ditched the A380 since 2020. Most of these aircraft end up scrapped or stored in "<a target="_blank" href="https://www.businessinsider.com/inside-one-of-the-worlds-largest-aircraft-boneyards-arizona-2023-5">aircraft graveyards</a>," or storage facilities where carriers put planes after retiring them, scattered across the world.Among the airlines that have kept the plane, Qatar, in particular, has gone back and forth on the future of its A380 fleet. In May 2021, the company's former CEO, Akbar Al Baker, told Simple Flying that he<a target="_blank" href="https://simpleflying.com/qatar-airways-a380-mistake/"> didn't see a future for the A380s</a>."It was good when it had launched in 2002," he said. "But unfortunately, with the rising fuel price and the mistake in the design. We think it was a big mistake."<div type="image" title="Qatar Airways A380 bar." height="2681" width="3705" msid="108683850" hostid="261"></div>Nevertheless, the company's new CEO, Badr Mohammed Al Meer, who was appointed in November, told CNBC on Friday that the plane is expected to fly for at least another two to three years."Qatar Airways was basically to exit the A380s very soon this year," he said. "However, for different reasons, we've decided to extend the operation of the A380s."Al Meer explained the decision, which comes down to demand, airport and airspace congestion, and the <a target="_blank" href="https://www.businessinsider.com/boeing-777x-testbed-test-plane-aircraft-new-see-inside-photos-2024-3">delayed Boeing 777X</a>.<h2>Qatar can fill its A380s thanks to strong demand</h2>The<a target="_blank" href="https://www.businessinsider.com/here-are-the-8-coolest-things-about-airbus-a380-from-singapore-airlines-2023-2"> A380 can carry many people</a>, but the mammoth jet can be hard to fill.And it's a fuel-hungry plane. Qantas Airways' former CEO, Alan Joyce, once said he could <a target="_blank" href="https://www.businessinsider.com/qantas-ceo-alan-joyce-on-the-dreamliner-versus-a380-c-series-safety-2017-10">operate two 236-seat Boeing 787 Dreamliners</a> for less than the cost of flying one 486-seat A380.But Qatar is seeing "very high demand" for certain A380 markets in Europe and Asia, <a target="_blank" href="https://www.businessinsider.com/qatar-airways-new-ceo-wants-culture-of-trust-and-empowerment-2023-11">Al Meer</a> said, adding that the jet has a load factor above 86%.That measure refers to how many seats an airline fills on its planes, with higher percentages indicating more revenue earned — offsetting the expensive operating costs."The only aircraft that can carry this number of passengers is the A380," Al Meer told CNBC. "Basically, it's given us what we are looking for."<div type="image" title="Qatar A380 first class." height="724" width="1086" msid="108683851" hostid="261"></div>He further explained that congestion issues in busy international airspace and on the ground at airports have forced the airline to fly its largest possible planes to carry the most people."The only way to make sure that you can carry enough number of passengers is to move from narrow-bodies to wide-bodies," Al Meer said. "And wide-bodies, nothing is bigger than the Airbus A380."He noted the congestion the ever-busy skies create would have made the A380 more viable in the future."If the A380 was planned to come out in the next five or 10 years, that would have been a more successful aircraft," he said. "This could have been the solution in the future to overcome the shortage or to overcome the congestion we see in infrastructure and airports around the world."<h2>The A380's replacement is years late</h2>Boeing's forthcoming 777X is the largest twin-engine plane in production, sporting <a target="_blank" href="https://www.businessinsider.com/why-the-new-boeing-777x-needs-folding-wingtips-2022-1">revolutionary folding wingtips</a> and a cabin big enough to fit more than 400 people.Boeing plans to build three variants: the 777-9, the smaller 777-8, and the <a target="_blank" href="https://www.businessinsider.com/see-boeings-new-777-8-freighter-built-tackle-cargo-demand-2022-2">777F cargo option</a>.<div type="image" title="Boeing 777X on display at the Wings Airshow in India." height="1386" width="1848" msid="108683852" hostid="261"></div>But the <a target="_blank" href="https://www.businessinsider.com/see-inside-boeing-777x-test-aircraft-biggest-twin-engine-airliner-2023-8">yet-to-be-certified</a> aircraft is years behind schedule due to factors related to production problems, the pandemic, and supply chains.Al Meer said those delays are part of why the A380s have survived in Qatar's fleet."We are still waiting for the deliveries," he said. "So, once we get those aircraft, we will have to accept the A380."Al Meer said Qatar expects to finally receive its first of 74 Boeing 777Xs by the end of next year."This is the confirmation we got from Boeing," he told CNBC. "We will wait and see."

Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo 

<ul class="summary-list"><li>British Airways is investing $9 billion as part of a two-year transformation.</li><li>Business Insider had a first look at the new short-haul seats.</li></ul><a target="_blank" href="https://www.businessinsider.com/british-airways-first-class-suite-review-photos-2023-7">British Airways</a> unveiled a host of new initiatives at a media event in London on Monday, as part of a $9 billion "transformation."The UK flag carrier was named the world's best airline by Skytrax in 2006, but its reputation has since faltered. It ranked third-last out of 17 airlines for customer satisfaction on long-haul flights in a survey last month from British consumer advocacy group Which?."We're on a journey to a better BA for our people and for our customers, underpinned by a transformation program that will see us invest £7 billion [$9 billion] over the next two years to revolutionize our business," said CEO Sean Doyle.With a new seat design, new routes, and upgrades to the Airbus A380, here's how BA is changing.<h2>New short-haul seats</h2><div type="image" title="A mockup cabin shows British Airways new EuroFlyer seat design with Tower Bridge visible in the window" height="3024" width="4032" msid="108243294" hostid="261" sizebytes="624886"></div>Monday's showcase took place in an iconic skyscraper nicknamed "<a target="_blank" href="https://www.businessinsider.com/the-best-architecture-in-london-2016-8">The Cheesegrater</a>" in London's financial district, so the mockup cabin had great views of Tower Bridge.British Airways is rolling out the new seat design to its <a target="_blank" href="https://www.businessinsider.com/airbus-a320-history-boeing-737-rival-2018-9">Airbus A320neo</a> and A321neo jets, used on its short-haul flights. They're set to be delivered from May onwards.The navy color with red accents is supposed to evoke the British flag — although it also looks similar to Delta Air Lines' seats. Nonetheless, it's an upgrade from the current gray.<div type="image" title="Three business class seats on a mockup cabin for British Airways short-haul at a showcase event in London" height="3024" width="4032" msid="108243295" hostid="261" sizebytes="790584"></div>Headrests can be folded at the sides, and next to the tray table, there are two convenient ports — one USB-A and one USB-C.Like most European airlines, business class on short-haul flights uses the same hard product, except the middle seat is sectioned off. There's also a couple of inches of extra legroom: 31 inches instead of the 29 in economy.<div type="image" title="The seatback on British Airways' new short-haul design, with tray table folded up and two USB ports visible." height="2866" width="3821" msid="108243296" hostid="261" sizebytes="309160"></div><h2>First class on the Airbus A380</h2><a target="_blank" href="https://www.businessinsider.com/british-airways-first-class-suite-review-photos-2023-7">British Airways' new first-class</a> has been retrofitted on its Boeing 777 jets. The same design is now coming to the superjumbo A380, expected to debut at the end of 2025.Some <a target="_blank" href="https://www.businessinsider.com/why-airlines-are-falling-back-in-love-with-airbus-a380-2021-10">airlines have been retiring the enormous A380</a> since the pandemic, but that's not the case for BA."<a target="_blank" href="https://www.businessinsider.com/airbus-a380-superjumbo-history-boeing-747-emirates-2017-11">The A380</a> is an important part of our fleet and rightfully, incredibly popular with our customers," Neil Chernoff, chief planning and strategy officer, told Business Insider.BA is the only European airline that offers first-class seats between the UK and US. This winter season, the A380 has been flying to Dallas, Los Angeles, Miami, and San Francisco — as well as to Dubai and Johannesburg in South Africa, Chernoff said.He added that for the summer season, there would be added routes to Boston, Washington Dulles, and Singapore — but Dubai would be dropped.<h2>New app, new perks, and returning routes</h2><a target="_blank" href="https://www.businessinsider.com/see-british-airways-brand-new-pilot-and-flight-attendant-uniforms-2023-9">British Airways</a> also announced two routes are set to return. It will fly daily from London Heathrow to Malaysian capital Kuala Lumpur starting on November 10. Economy tickets start at $786, and first will cost at least $5,000.From October 28, it will also fly three times a week from London Gatwick to Bangkok with prices starting at $886.For frequent fliers, there are also a couple of new perks. BA is opening a new lounge in Dubai Airport as it's relocating to a larger space later this year.From April 3, <a target="_blank" href="https://www.businessinsider.com/personal-finance/how-to-earn-use-book-with-british-airways-avios-points">Executive Club</a> members will be able to send messages for free using the onboard WiFi in any class. Although, this doesn't cost more than $6.50 for non-members.A new mobile app and website were also announced. Beta testing is ongoing, and it's set to debut by the end of the year. By switching to new technology, BA says the app will be more personalized, plus it'll be easier to change your journey online rather than calling customer service.

British Airways is spending $9 billion to help make it the world's favorite airline once again after years of slumping popularity

Reliance Industries, Divis Labs, Bajaj Finance, Tata Motors and other stocks to watch out for on June 10

<ul><li>The 30-share BSE index opened 150.72 points higher, and the NSE Nifty was up 0.34% at 13,402.70.</li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian equity benchmark indexes touched a fresh lifetime peak in early trade on Tuesday tracking gains in index majors Infosys, HDFC Bank and Maruti amid persistent foreign fund inflow. The 30-share BSE index opened 150.72 points higher, and the NSE Nifty was up 0.34% at 13,402.70. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UltraTech Cement </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sun Pharma </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">RIL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Coal India </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndusInd Bank </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JSW Steel </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Maruti Suzuki </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tech Mahindra </td></tr></tbody></table>*as of December 8, 10:30 am These are the top stocks in news today. Reliance Industries shares trade 3% higher The Mukesh Ambani-owned RIL shares soared 3% after a tepid start on Tuesday. While speaking at the India Mobile Congress 2020, Ambani said<a href="https://www.businessinsider.in/business/telecom/news/mukesh-ambani-says-jio-will-rollout-5g-services-by-june-2021-and-it-will-go-beyond-india/articleshow/79619222.cms"> Jio would start 5G services</a> by the second quarter of CY21. [link it] Canara Bank surges 7% The shares of Canara Bank <a href="https://www.businessinsider.in/finance/banks/news/canara-bank-launches-2000-crore-qip-sets-the-floor-price-at-103-50-per-share/articleshow/79617503.cms">surged almost 7%</a> after the bank announced that it had set a floor price of ₹103.50 per share for its qualified institutional placement (QIP) to raise up to ₹2,000 crore. The bank sought its shareholders’ nod during the annual general meeting, held in August, for raising up to ₹2,000 crore by way of QIP. Coffee Day Enterprise soars 5% The shares of Coffee Day Enterprise soared nearly 5% after it appointed Malavika Hegde, the wife of late VG Siddhartha Hegde, has been appointed as Chief Executive Officer (CEO) of the company from December 7. Jet Airways advances 5% The shares of Jet Airways advanced over 5% after the consortium led by Murari Lal Jalan, and Kalrock Capital said that it plans to <a href="https://www.businessinsider.in/india/news/jet-airways-could-resume-operations-by-summer-of-2021/articleshow/79607964.cms">operationalise Jet Airways by the summer of 2021</a>, subject to certain conditions. Accordingly, the consortium has announced the revival of Jet Airways as a full-service carrier. Godrej Properties gains nearly 3% The shares of Godrej Properties gained nearly 3% after the company on Tuesday announced that it has entered into an outright transaction to purchase a well-located land parcel in Whitefield, Bangalore. Titan gains nearly a percent The shares of Titan gained nearly a percent after its board has decided to scale down the operations of its wholly-owned subsidiary, Favre Leuba AG (FLAG), with immediate effect. Titan said that it has been continuously supporting FLAG, and has made a series of investments. However, the current COVID-19 pandemic has severely impacted the revival plans and prospects. SEE ALSO: <a href="https://www.businessinsider.in/science/health/news/bharat-biotech-applies-for-emergency-use-approval-for-its-covid-19-vaccine-covaxin/articleshow/79617391.cms" data-type="tilCustomLink">Bharat Biotech applies for emergency use approval for its COVID-19 vaccine Covaxin</a> <a href="https://www.businessinsider.in/science/health/news/covid-19-vaccine-in-india-expert-panel-to-review-pfizer-serum-and-bharat-biotechs-emergency-use-application-tomorrow/articleshow/79617336.cms" data-type="tilCustomLink">COVID-19 vaccine in India: Expert panel to review Pfizer, Serum and Bharat Biotech's emergency use application tomorrow</a>

Sensex, Nifty at record high led by surge in IT stocks — these are the top movers in trade

<ul><li>The 30-share BSE index Sensex was up 434 points, and the NSE Nifty was trading 0.94% higher at 9:52 am. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Indian stock market indices opened higher on Monday, as hopes of a US fiscal package and expectations of a COVID-19 vaccine by the end of this year kept investors optimistic globally. The 30-share BSE index Sensex was up 434 points, and the NSE Nifty was trading 0.94% higher at 9:52 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ONGC </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Divis Lab </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Axis Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPL </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NTPC </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Grasim </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Bank </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cipla </td></tr></tbody></table>*as of October 19, 09:50 am These are the top stocks in news today. Dewan Housing Finance Corporation (DHFL) leaps 10% The shares of DHFL were<a href="https://www.businessinsider.in/business/corporates/news/adani-group-piramal-among-4-bidders-for-dhfl-lenders-stare-at-over-60000-crore-write-off/articleshow/78740854.cms"> trading 10% after news reports surfaced</a> that Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-headquartered SC Lowy are the four entities that have placed bids for the first financial services player DHFL, which is undergoing an insolvency process. Jet Airways locked in 5% upper circuit The shares of cash strapped Jet Airways were locked in a 5% upper circuit in minutes after market opening as the company secured new owners. The airline-approved the resolution plan submitted by London-based Kalrock Capital and UAE-based businessman Murari Lal Jalan to acquire the business. Tata Communications locked in 5% upper circuit The shares of Tata Communications were locked in 5% upper circuit after it reported around seven-fold jump in its consolidated net profit to ₹384.81 crore for the second quarter ended September 30. Its consolidated revenue grew 4.5% to ₹4,477.18 crore during the quarter. Avenue Supermarts gains over 3% Radhakishan Damani-led, D-Mart retail chain operator, Avenue Supermarts gained over 3% on Monday. The rally came after the saw its profit grow five-fold compared to the sequential quarter amid easing of lockdown restrictions. However, the profit growth was 38.5% down compared to the same period last year. HDFC Bank opens 2% higher The shares of India’s largest private sector lender, HDFC Bank opened 2% higher on Monday. The bank reported <a href="https://www.businessinsider.in/finance/banks/news/hdfc-bank-increases-provisions-for-bad-loans-as-impact-of-covid-19-continued-to-bear-down-in-second-quarter/articleshow/78719656.cms">an 18.4% year-on-year (y-o-y) </a>growth in profit at ₹7,513.11 crore for the quarter ended September 30. DLF up over 2% The shares of commercial real estate developer, DLF gained over 2% after its rental arm DCCDL has raised ₹2,400 crore debt from India’s largest lender SBI to refinance its existing debt and fund future expansion plans. SEE ALSO: <a href="https://www.businessinsider.in/international/news/20-charts-explain-why-indian-americans-are-more-likely-to-vote-for-joe-biden-in-2020-us-presidential-election/slidelist/78717893.cms" data-type="tilCustomLink">20 charts that explain why Indian Americans are more likely to vote for Joe Biden in the 2020 US Presidential Election</a> <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-avenue-supermarts-jet-airways-ril-airtel-vodafone-idea-tata-communications-hdfc-bank-and-others/articleshow/78740639.cms" data-type="tilCustomLink">Top stocks to watch — Avenue Supermarts, Jet Airways, RIL, Airtel, Vodafone-Idea, Tata Communications, HDFC Bank and others</a> <a href="https://www.businessinsider.in/politics/world/news/pelosis-office-says-the-latest-coronavirus-stimulus-talk-with-mnuchin-had-encouraging-news-on-testing/articleshow/78734327.cms">Pelosi's office says the latest coronavirus stimulus talk with Mnuchin had 'encouraging news on testing'</a> <a href="https://www.businessinsider.in/defense/news/india-china-militaries-to-hold-eighth-round-of-talks-over-border-dispute/articleshow/78735795.cms" data-type="tilCustomLink">India, China militaries to hold eighth round of talks over border dispute</a>

You Searched For "jet airways price" and got 11 results

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British Airways is spending $9 billion to help make it the world's favorite airline once again after years of slumping popularity

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