Tag: U.S. airlines

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...

Global airlines more than doubled their 2023 industry profit forecast on Monday from $4.7 billion to $9.8 billion, spurred by a rise in travel demand as consumers continue to book flights in the aftermath of the COVID-19 pandemic. Revenue levels suggest that the travel industry...

Delta Air Lines CEO Ed Bastian expressed satisfaction with his company's financial results for the first quarter of 2023 despite missing estimates. For 10 days, the Atlanta, Georgia-based airline achieved the highest cash sales in its history as customer demand exceeded peak pre-pandemic levels....

Delta Air Lines Inc shares fell by 4.2% during premarket trading after the company announced on Friday that it has forecast current-quarter profit below expectations after incurring higher operating costs this past quarter. Although the fourth quarter saw a stark rise in travel demand during...

United Airlines Holdings Inc stated in a regulatory filing on Wednesday that it has seen "improving operational reliability" over the course of 2022. As a result, the American carrier expects to experience a decrease in its current quarterly operational costs and an increase in...