Tag: air travel

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...

U.S. charter flight company Wheels Up is engaging with lenders over a debt restructuring agreement and other rescue options as it seeks to avoid bankruptcy. The private jet company is in talks with Bain Capital and MSD Capital after missing debt repayments, sources familiar...

JetBlue Airways Corp reduced its full-year profit forecast on Tuesday after its revenue-sharing deal with American Airlines came to an end. Shares in the airline plunged by 8% during premarket trading. With JetBlue in the process of acquiring Spirit Airlines, this low-cost airline and American...

Aero-engineer Rolls-Royce raised its full-year operating profit forecast by 45% on Wednesday after delivering a stronger-than-expected performance in the first half of 2023. Shares in the company surged 24% to 190 pence following the announcement—their highest level since the start of the pandemic in...