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☆ Tata's Air India to seal half of jumbo plane order - sources
▼ + stars: | 2023-01-26 | by ( Aditi Shah | ) www.reuters.com time to read: +4 min

Air India did not respond to a request for comment. Reuters reported last month Air India was closing in on a deal for about 500 jets. The aim is to corner 30% of the domestic air travel market over the next five years thus narrowing the gap with market leader IndiGo. Tata's four airlines, including two budget carriers, Air India and Vistara its joint venture with Singapore Airlines (SIAL.SI), have a combined market share of 24%. Analysts have said Air India has the ability to claw back some passengers from rival Gulf carriers but not before it matches their quality of fleet and service.

☆ Southwest forecasts lingering losses as bookings slow in wake of holiday meltdown
▼ + stars: | 2023-01-26 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

Analysts had been anticipating a per-share profit of 19 cents for the first quarter, based on estimates compiled by Refinitiv. Southwest's fourth-quarter loss compares with a $68 million profit during the same period in 2021. Here's how Southwest performed in the fourth quarter, compared with Wall Street expectations according to Refinitiv consensus estimates:Adjusted loss per share: 38 cents vs an expected loss of 12 cents. 38 cents vs an expected loss of 12 cents. Despite the rocky end of the year, Southwest reported a $539 million profit for 2022.

☆ Amazon expands air cargo service to India even as company cuts costs
▼ + stars: | 2023-01-23 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

To match Insight AMAZON.COM-SHIPPING/ REUTERS/Mark MakelaAmazon on Monday announced it's bringing its air cargo operations to India, marking fresh growth for the company's logistics arm even as it looks to cut costs in other divisions. Amazon Air will enable the company to offer faster deliveries to customers in India, said Sarah Rhoads, vice president of Amazon Global Air, in a statement. The launch of Amazon Air in India comes as Amazon CEO Andy Jassy is undergoing a broad review of the company's expenses as it stares down a worsening economic outlook and slowing retail sales. Amazon Air, which debuted in 2016, outsources operations to several airlines. Amazon has for years been working to grow its presence in India, which is poised to become one of the fastest-growing e-commerce markets in the world.

☆ At least 4 U.S. residents among those killed in Nepal plane crash
▼ + stars: | 2023-01-19 | by ( Chantal Da Silva | Chantal Da Silva Is A Breaking News Editor For Nbc News Digital Based In London. | ) www.nbcnews.com time to read: +2 min

Two Americans and two permanent residents living in the United States were among the 72 people killed after a plane crashed in Nepal over the weekend, the State Department said. Price did not identify or provide any further details on the two U.S. citizens and permanent residents killed in the crash. On Wednesday, the French Embassy in Nepal said France had dispatched a team of aviation experts to assist the Civil Aviation Authority of Nepal at the site of the crash. Sunday's crash was the deadliest Nepal has seen since 1992, when all 167 people on board a Pakistan International Airlines plane were killed when the aircraft struck a hill as it tried to land in Kathmandu. Since 2000, nearly 350 people have died in plane or helicopter crashes in Nepal.

REUTERS/Kamil Krzaczynski/File PhotoJan 18 (Reuters) - New York excavation contractor Brian Dietz does not view higher air fares as a deal-breaker for flying and airlines are seeing more small and medium size companies like his feeding a 2023 rebound in business travel. Although business travelers often book economy seats, corporate travel is critical for airlines because it means more frequent flyers and appetite for higher-margin premium fares. SME executives were some of the first business travelers back on planes after the pandemic-induced slump. They have since emerged as the fastest-growing segment within corporate travel according to Amex GBT. Spending on business travel globally is expected to recover to 80% of 2019 levels in 2023, up from 65% in 2022, according to the Global Business Travel Association (GBTA).

☆ Boeing just a won a NASA contest to build a more efficient jetliner — see the winning entry
▼ + stars: | 2023-01-18 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +1 min

NASA selected Boeing as the winner of its contest to build a new fuel-efficient plane. The plane's design – it will have single aisles and slim wings – is expected to cut emissions by up to 30%. Check out a rendering of Boeing's winning entry. "It represents an opportunity to design, build and fly a full-scale experimental plane, while solving novel technical problems." Check out a rendering of Boeing's winning entry into NASA's contest:

Airfares from China are now 160% higher than before the pandemic, data from travel firm ForwardKeys shows, due to limited supply. Since Jan. 4, Air China (601111.SS), Hainan Airlines (600221.SS) and China Southern Airlines (600029.SS) have filed schedules with the U.S. Department of Transportation proposing to increase flights to as much as daily on some routes. Foreign carriers seeking to add flights to China require approvals from the Civil Aviation Administration of China, which did not respond to a request for comment. However, other flights were paused as it assessed market demand and government regulations. Many Western airlines parked large planes when international traffic plunged and production of new twin-aisle jets has been limited.

The International Air Transport Association, which represents global airlines, is predicting full recovery in 2024. The crippling impact of COVID-19 saw dozens of airlines go out of business and wiped billions of dollars off balance sheets. In public, airlines and leasing firms have deplored delivery delays and are seen likely to press aircraft makers for compensation. Inflation is driving up aircraft parts and prices, while raising questions over the resilience of travel demand. Overall, more than half of the world's airline fleet is controlled by global leasing companies rather than owned directly by airlines.

☆ At least 16 killed in Nepal's worst air crash in 30 years
▼ + stars: | 2023-01-15 | by ( ) www.cnbc.com time to read: +1 min

Rescuers and onlookers gather at the site of a plane crash in Pokhara on January 15, 2023. An aircraft with 72 people on board crashed in Nepal on January 15, Yeti Airlines and a local official said. At least 16 people were killed on Sunday when an aircraft crashed in western Nepal's Pokhara, an army spokesman said, in the small Himalayan country's worst crash in more than 30 years. Yeti Airlines has a fleet of six ATR72-500 planes, according to its website. Nepal Prime Minister Pushpa Kamal Dahal has called an emergency cabinet meeting after the plane crash, a government statement said.

☆ Factbox: Deadly aircraft crashes common in mountainous Nepal
▼ + stars: | 2023-01-15 | by ( ) www.reuters.com time to read: +3 min

Jan 15 (Reuters) - Mountainous Nepal, where at least 40 people were killed on Sunday when a plane crashed in the tourist town of Pokhara, has a history of deadly air crashes. FEB. 27, 2019A helicopter crashed in bad weather in eastern Nepal, killing all seven people on board, including the tourism minister. FEB. 26, 2016Two people were feared dead after a small plane crashed in western Nepal's Kalikot district. DEC. 16, 2010A small plane crashed in the Himalayan foothills of remote east Nepal, killing all 22 people onboard. JULY 27, 2000A Twin Otter passenger plane crashed in western Nepal on Thursday, killing all 25 people on board.

☆ U.S. lawmakers call FAA outage 'unacceptable,' demand a fix
▼ + stars: | 2023-01-14 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Jim Vondruska/File PhotoWASHINGTON, Jan 13 (Reuters) - A group of more than 120 U.S. lawmakers told the Federal Aviation Administration's (FAA) its computer outage on Wednesday that disrupted 11,000 flights was "completely unacceptable" and demanded the agency explain how it will avoid future incidents. On Thursday, the FAA said its preliminary analysis showed the computer outage was caused by a procedural error related to a corrupted data file. The Senate committee email also said it appears the groundstop actually lasted from 7:21 a.m. Buttigieg tweeted at approximately 8:50am that the groundstop had been lifted, was the NOTAM system full operational at that point?" The Senate email asked "what additional resources does FAA need to expeditiously update the NOTAM system?"

☆ Southwest Airlines to Revamp Crew Scheduling System
▼ + stars: | 2023-01-13 | by ( Alison Sider | ) www.wsj.com time to read: 1 min

Southwest Airlines Co. has hired an outside consulting firm and is working to strengthen a crew scheduling system after a meltdown roiled its operations during the holidays, Chief Executive Bob Jordan said in an interview. The airline canceled more than 16,700 flights from Dec. 21 through Dec. 31 after it struggled to recover from a severe winter storm long after rival airlines had resumed normal operations. Southwest has said the disruption will reduce its pretax earnings by $725 million to $825 million.

☆ U.S. lawmakers call FAA outage 'unacceptable,' demand fix plan
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +1 min

[1/2] Passengers exit a bus at Terminal 2 as they wait for the resumption of flights at O'Hare International Airport after the Federal Aviation Administration (FAA) ordered airlines to suspend all domestic departures due to a disruption in the system, in Chicago, Illinois, U.S., January 11, 2023. REUTERS/Jim Vondruska/File PhotoWASHINGTON, Jan 13 (Reuters) - A group of more than 120 U.S. lawmakers told the Federal Aviation Administration's (FAA) its computer outage Wednesday that disrupted 11,000 flights is "completely unacceptable" and demanded the agency explain how it will avoid future incidents. Lawmakers want details of what went wrong with a pilot messaging database that led to the first nationwide grounding of departing flights since the Sept. 11, 2001 attacks. They want Buttigieg to provide an "estimated cost to commercial airlines and passengers due to the delays resulting from the outage." Reporting by David Shepardson; editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

How to earn Alaska Airlines milesThere are two types of Alaska miles: Elite-qualifying miles and redeemable miles. Earn Alaska miles for car rentalsYou can opt-in to earn Alaska miles when you rent cars through Alamo, Avis, Budget, Dollar, Hertz, National, or Thrifty. Redeem Alaska miles for domestic flightsOne of the most popular ways to redeem Alaska miles is for domestic award flights on Alaska and its partner American Airlines. Redeem Alaska miles for flights on partner airlinesUsing Alaska Airlines miles for award flights on partner airlines is perhaps the best way to use your Alaska miles. Donate Alaska Airlines miles to charityYou can donate your Alaska miles to over a dozen different charities, in 1,000-mile increments, and with no maximums or fees.

☆ FAA system outage disrupts thousands of flights across U.S.
▼ + stars: | 2023-01-11 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

The FAA's outage was the second major air travel disruption in less than a month and drew bipartisan criticism. Later Wednesday, Canada's air navigation agency said its similar notification system experienced a brief outage, but said no flights were delayed as a result. Zoom In Icon Arrows pointing outwards FAA system failure created mass cancellations across the U.S. on Jan. 11th, 2023. FlightawareWednesday's FAA issue added to concern from Washington from both Republicans and Democrats, particularly about technology that the complex U.S. air system, the world's busiest, relies on. More than a third of Delta's and United's mainline flights were delayed, while about 50% of American's were running late.

☆ U.S. FAA proposes requiring 5G safeguards on planes by early 2024
▼ + stars: | 2023-01-09 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

REUTERS/Octavio JonesWASHINGTON, Jan 9 (Reuters) - The U.S. Federal Aviation Administration (FAA) said Monday it is proposing a requirement that passenger and cargo aircraft in the United States have 5G C-Band-tolerant radio altimeters or install approved filters by early 2024. The proposed airworthiness directive, which would take effect in February 2024, is similar to one that took effect in December 2021, prohibiting passenger and cargo flight operations in the vicinity of 5G C-Band wireless transmitters unless the FAA specifically approved them. Some international airlines have privately expressed reluctance to install filters absent a legal requirement from the FAA, officials told Reuters. FAA acting Administrator Billy Nolen in October sought a delay in some 5G C-Band transmissions from smaller operators over aviation safety concerns. A deal struck shortly before a 2022 deadline did not prevent dozens of foreign carriers from canceling international flights to the United States.

David Slotnick/Business InsiderAmerican Express Membership Rewards points are among the most valuable card rewards you can earn. You'll usually get the most value from Amex points by transferring them to airline and hotel partners. In fact, the Amex Membership Rewards program debuted way back in 1991 with just seven US airline partners. More Information Earn 80,000 Membership Rewards® points after you spend $6,000 on purchases on your new Card in your first 6 months of Card Membership. What to know about transferring Amex points to partnersAmerican Express Membership Rewards points are among the most valuable and versatile travel rewards out there.

☆ SpaceX to raise $750 million at $137 billion valuation - CNBC
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

Jan 2 (Reuters) - Elon Musk's SpaceX is raising $750 million in a new round of funding that values the rocket and satellite company at $137 billion from investors, including Andreessen Horowitz, CNBC reported late Monday. SpaceX, which counts Alphabet Inc (GOOGL.O) and Fidelity Investments among its investors, had raised about $1.68 billion through equity financing in June. Spokespersons for SpaceX and Horowitz did not immediately respond to Reuters' requests for comment. Horowitz was also a co-investor in Musk's Twitter buyout deal worth $44 billion. SpaceX has launched numerous cargo payloads and astronauts to the International Space Station for the National Aeronautics and Space Administration (NASA).

☆ Southwest's unique routing system compounded and snowballed, says former Continental Airlines CEO
▼ + stars: | 2022-12-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouthwest's unique routing system compounded and snowballed, says former Continental Airlines CEOGordon Bethune, former Continental Airlines chairman and CEO, joins 'Squawk on the Street' to discuss the Department of Transportation's ability to enforce airlines to reimburse travelers, how quickly Southwest can update the current system, and more.

☆ Airlines Cap Fares as Southwest Cancellations Continue
▼ + stars: | 2022-12-28 | by ( Dean Seal | Will Feuer | ) www.wsj.com time to read: 1 min

Rival airlines have capped fares in some cities in response to an influx of last-minute bookings made after Southwest Airlines Co. scrapped thousands of flights during the past week. Southwest canceled more than 2,500 flights, or 62% of its scheduled departures, on Wednesday, according to data from FlightAware. Chief Executive Bob Jordan said Tuesday that the company plans to run a reduced schedule for the next few days as the airline repositions its staff and planes. The carrier has canceled close to 11,000 flights from Thursday through Tuesday as it has struggled to stabilize operations hampered amid the wintry weather.

☆ American Airlines places price caps on some cities to help Southwest customers get home
▼ + stars: | 2022-12-28 | by ( Jennifer Korn | ) edition.cnn.com time to read: +3 min

New York CNN —Many Southwest customers have been desperately trying something – anything – that will get them back home. American Airlines says it has a solution: It will place price caps on travel to and from select cities, the company told CNN in a statement. Although it didn’t specifically mention Southwest in its message, and the company didn’t name the cities, American implied the price caps were designed to help the melted-down airline’s customers get home. The price caps vary by location in areas affected by cancellations, an American Airlines spokesperson told CNN. American Airlines notified customers about the price caps in a series of tweets directed at people who posted screenshots of thousand-dollar flights.

☆ Stocks making the biggest moves midday: Tesla, Southwest, Apple, AMC and more
▼ + stars: | 2022-12-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Shares of AMC Entertainment more than quadrupled today as investors continue their buying spree on heavily shorted stocks. Baird also trimmed its price target on shares to $252 from $316 a share. AMC Entertainment – AMC Entertainment shares dipped about 3% a day after CEO Adam Aron tweeted that he asked the company's board to freeze his 2023 pay and urged other executives to forgo salary bumps. Maxeon — Shares slid 8% after the solar company announced Bill Mulligan would be the new CEO. The firm gave the stock a price target of $29, which presents an upside of 75.4% over where it closed Tuesday.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Imax, Netflix, Robinhood, Amazon & more
▼ + stars: | 2022-12-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Evercore ISI initiates American Express Global Business Travel Group as outperform Evercore initiated the corporate travel business company with an outperform rating and said it's a beneficiary of corporate travel recovery. AmEx GBT is the leading business to business travel management platform, providing software and services to manage travel, expenses, and events for corporate travel." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it sees a "buying opportunity" for shares of Tesla. Piper Sandler reiterates Tesla as overweight Piper said Tesla could become a key ESG holding. Morgan Stanley reiterates Wells Fargo as overweight Morgan Stanley said the banking giant is a top beneficiary of rate increases. "

Lufthansa declined to comment on Rome's decision to offer an initial minority stake. Some of Italy's politicians consider ITA as the heir to cultural icon Alitalia, which they want to preserve. Some also say that ITA does not have to worry so much about losing its national identity should Lufthansa take over. The Certares-led alliance was willing to pay 350 million euros for a 50% stake plus one share of the state-controlled airline, sources had said. ($1 = 0.9412 euros)Reporting by Angelo Amante in Rome and Joanna Plucinska in London; additional reporting by Giuseppe Fonte in Rome.

☆ Here's how each airline does compensation for flight delays, from meals to hotels to ground transportation
▼ + stars: | 2022-12-21 | by ( Hannah Towey | ) www.businessinsider.com time to read: +3 min

The US Department of Transportation launched a new "airline customer service dashboard" this year. It breaks down the different rights passengers have when an airline delays or cancels their flight. However, several airlines have announced they are waiving flight change fees for passengers caught in the storm's path. The airline will now offer meal vouchers to passengers whose flights are delayed more than three hours instead of four hours, the airline's website shows. American Airlines has also updated the language in its customer service plan to "clarify" the company's existing policies, a spokesperson said.

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