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1 min read

DGCA places Spicejet under enhanced surveillance after conducting special audit

A senior DGCA official said that based on reports of cancellation of flights and financial stress b…

ANI   


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2 mins read

Spirit Airlines stock plunges after report it's considering filing for Chapter 11 bankruptcy

A Chapter 11 bankruptcy has the potential to let Spirit Airlines restructure its debt following a f…

Lian Kit Wee,Will Martin   


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1 min read

SpiceJet’s Ajay Singh might sell stake to raise funds for airline

SpiceJet's Chairman Ajay Singh is considering selling over 10 percent of his stake to raise funds b…

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1 min read

SpiceJet shares climb over 3% after earnings announcement

The stock climbed 7.35 per cent to Rs 60 during the day on the BSE. It ended at Rs 57.70, up 3.24 p…

PTI   


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4 mins read

JetBlue founder and low-cost airline veteran explains how struggling airlines need to adapt to survive right now

Low-cost guru David Neeleman, who has founded five budget carriers since 1984, told BI some airline…

Taylor Rains   


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Global cyber outage: Microsoft users report 'blue screen of death'; flights cancelled

As per reports, Windows users are seeing blue screen errors on their screens with their laptops or …

ANI   


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2 mins read

Problems keep piling up for budget airlines like Spirit Airlines — so get set to pay more

Spirit Airlines is reportedly considering filing for Chapter 11 bankruptcy as budget carriers seek …

Pete Syme   


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2 mins read

Airlines are making a miraculous recovery by doubling down on premium seats

American, Delta, and United Airlines are doubling down on high-margin premium cabins and expanding …

Taylor Rains,Benjamin Zhang   


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2 mins read

Air France-KLM says people avoided Paris during the Olympic Games — and that was bad news for the airline group

Air France-KLM posted disappointing earnings and attributed the decline to reduced travel to and fr…

Pete Syme   


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2 mins read

Saudia Arabia's new airline just announced a major Airbus order in the latest blow for Boeing

Riyadh Air announced an order for 60 Airbus A321neo jets, confounding speculation that the new Saud…

Pete Syme   


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1 min read

Spirit Airlines is selling planes worth $500 million and cutting staff as it fights to stay in the air

Spirit Airlines has struggled since its proposed merger with JetBlue was struck down. Reports have …

Pete Syme   


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1 min read

DGCA defers implementation of revised flight duty norms for pilots

Aviation watchdog DGCA has deferred the implementation of the revised flight duty norms for pilots …

PTI   


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2 mins read

United Airlines takes a shot at Delta's IT meltdown: 'Healthy businesses don't make excuses'

United Airlines did not include the financial cost of July's CrowdStrike IT outage on its third qua…

Benjamin Zhang   


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2 mins read

Stock market today: Dow jumps 337 points to fresh record as US stocks rise on solid earnings

The S&P 500 is on track to report 7% year-per-year earnings growth for the third quarter, according…

Jennifer Sor   


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3 mins read

Why a hedge fund made a podcast about a shake-up it's pushing for at Southwest Airlines

Elliott Investment Management built up an 11% stake in Southwest — then started a podcast. It's a g…

Shubhangi Goel   


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2 mins read

American Airlines CEO says the carrier has been 'struggling' with Boeing for 5 years and needs it to 'deliver quality aircraft on time'

"I look forward to the day when they're not just a distraction," Robert Isom, CEO of American Airli…

Aditi Bharade   


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2 mins read

Boeing's new CEO vows to make it 'iconic' again after posting $6.1 billion loss in his 1st earnings

"With the right focus and culture, we can be an iconic company and aerospace leader once again," sa…

Pete Syme   


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Stock market today: US stocks jump after blowout September jobs report

"On the face of this the Fed should be hiking rates with these sorts of figures, not cutting rates,…

Matthew Fox   


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Europe's busiest airport reported a record-breaking summer, boosted by Americans flying in to watch Taylor Swift and the Olympics

Thousands of American tourists flew to Europe over the summer in a phenomenon dubbed "tour tourism"…

Polly Thompson   


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2 mins read

'SpiceJet didn't deposit money into pension funds for months'

India's low-cost carrier SpiceJet has reportedly not deposited money into the pension funds of its …