Southwest Airlines posted better-than-expected second-quarter financial results on Thursday, furthermore announcing a shift in its business model. The U.S. airline explained that it would be introducing assigned seating as well as premium seating options to its fleet cabins.
The U.S. carrier's second-quarter adjusted profit came...
Delta Air Lines has continued to struggle with flight cancellations following last week's global cyber outage. This came after a software update by global cybersecurity firm CrowdStrike caused system problems from Microsoft and its customers, Delta included.
Since the outage, Delta canceled over 5,000 flights,...
Delta Air Lines reported a record revenue in the second quarter this week but the investors were not particularly impressed as the biggest U.S. airline disappointed on profit and summer forecasts.
Delta had a revenue of $16.7 billion in Q2 but only a profit of...
JetBlue Airways shares jumped by 7% in premarket trading on Thursday after the U.S. airline narrowed its annual adjusted loss forecast. With a previous forecast of a per-share adjusted loss of 65 cents to 45 cents for 2023, the airline now expects a per-share...
China's Civil Aviation Administration has reported that the country is expecting domestic flights to rise 34% above pre-pandemic levels, providing Chinese airlines with a further boost amid the country's economic recovery.
A summary of a Friday press conference on the website of CAAC News revealed...
The airline Virgin Australia has managed to turn a profit in fiscal 2023—its first in 11 years—the company confirmed on Tuesday. This comes as air travel continues to make a strong recovery following the COVID-19 pandemic.
Virgin Australia reported a statutory net profit after tax...
