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☆ American Airlines makes a drastic cut to profit forecast as fuel prices soar
▼ + stars: | 2023-09-13 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

American said that fuel prices have “increased considerably” since July, when it issued its initial third-quarter guidance. Also on Wednesday, discount carrier Spirit cut third quarter revenue by 5% from its previous forecast. It blamed rising fuel prices and “heightened promotional activity with steep discounting for travel booked” for the weeks leading into Thanksgiving weekend for the adjusted guidance. The organization said in June that it more than doubled its 2023 profit forecast for the global airline industry despite a looming economic downturn. Airlines are expected to make $9.8 billion in net profit in 2023, up from a December forecast of $4.7 billion.

Persons: Scott Kirby, ” Kirby Organizations: New, New York CNN — American Airlines, Labor, Global, International Air Transport Association, United Airlines, CNN Locations: New York, Worth

☆ Airline ticket prices will be cheaper in the fall compared to the summer
▼ + stars: | 2023-09-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

But don’t worry if you missed out — falling ticket prices could make fall the better time to fly. Airfare to top international destinations will drop in the fall as well, with prices to Europe down 31% from summer peaks — nearly $330 off ticket prices. Known as “shoulder season,” airfare typically drops in the fall as demand cools off after the busy summer months. The three major US international airlines — American, Delta and United — all saw a surge in international traffic in recent months and added additional service to meet demand. One factor that could cause ticket prices to increase, however, is rising fuel prices.

Persons: ”, Hopper Organizations: New, New York CNN, Spirit Airlines, —, Federal, “, Frontier Airlines, American Airlines, Labor Locations: New York, Europe, Hopper, Delta, United, America

☆ Russian plane with 159 aboard makes emergency landing in Novosibirsk region - agencies
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: 1 min

[1/4] A view shows Russia's Ural Airlines plane flying from Sochi to Omsk after an emergency landing in western Siberia's Novosibirsk region, Russia, in this still image from video published September 12, 2023. Russian Emergencies Ministry/Handout via REUTERS Acquire Licensing RightsSept 12 (Reuters) - Russia's Ural Airlines plane with 159 people aboard and flying from Sochi to Omsk made an emergency landing in western Siberia's Novosibirsk region, Russian agencies reported on Tuesday. There were no immediate reports of injuries or the reason for the emergency landing. Russia's Interfax news agency reported that there were 159 people aboard. Earlier, TASS reported that the plane carried 156 people.

Persons: Lidia Kelly, Edmund Klamann Organizations: Airlines, Russian Emergencies Ministry, REUTERS Acquire, TASS, Thomson Locations: Sochi, Omsk, Siberia's Novosibirsk, Russia, Melbourne

☆ From UPS to Detroit Three automakers, US labor unions flex muscle
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +4 min

AIRLINES & AEROSPACE FIRMSPilots at several airlines including American Airlines (AAL.O), Delta Airlines (DAL.N), United Airlines Holdings (UAL.O), Spirit Airlines (SAVE.N), Jetblue Airways (JBLU.O) negotiated new job contracts this year. AUTOMOTIVEUnited Auto Workers (UAW) union has been embroiled in a dispute over wages and pension plans with the Detroit Three automakers. U.S. Steel (X.N), which is reviewing multiple proposals ranging from partial acquisition to an entire buyout, is embroiled in a tussle with the United Steel Workers union. Labor unions secured new contract agreements at multistate operator-owned cannabis dispensaries in Illinois and in New Jersey in July. If workers do not vote to ratify the contract, the union will vote the following week on whether to strike.

Persons: Sergio Martinez, Mike Blake, Mrinalika Roy, Sriraj Kalluvila, Shounak Organizations: REUTERS, Bureau of Labor Statistics, Reuters, Hollywood, United Parcel Service, FedEx, Pilots, AIRLINES & AEROSPACE, American Airlines, Delta Airlines, United Airlines Holdings, Spirit Airlines, Jetblue Airways, Southwest Airlines Pilots Association, United Auto Workers, UAW, Detroit Three automakers, Cliffs Inc, United Steelworkers, U.S . Steel, United Steel Workers, Workers, Green Thumb Industries, Labor, Phillips, Thomson Locations: Los Angeles , California, U.S, California, Wichita , Kansas, Cleveland, Los Angeles, New York City, Chicago, Illinois, New Jersey, Roxana , Illinois, Bengaluru

☆ Two 9/11 victims identified more than two decades after World Trade Center attacks
▼ + stars: | 2023-09-08 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Smoke pours from the Twin Towers of the World Trade Center after they were hit by two hijacked airliners in a terrorist attack in New York City, Sept. 11, 2001. Two victims who perished in the World Trade Center have been identified more than two decades after the Sept. 11, 2001, terrorist attacks, New York City's chief medical examiner said Friday. The names of the victims, a man and a woman, are being withheld at the request of their families, officials said. They are the 1,648th and 1,649th victims whose remains have been identified since 2001. Dr. Jason Graham, New York City's chief medical examiner, described the painstaking effort to identify the victims' remains as "the largest and most complex forensic investigation" in U.S. history.

Persons: Smoke, Jason Graham Organizations: World Trade Locations: New York City, New York, Manhattan, Jason Graham , New York

☆ Stock Market Today: Dow, S&P 500 Open Lower; Blackstone, Airbnb Stocks in Focus
▼ + stars: | 2023-09-05 | by ( ) www.wsj.com time to read: +1 min

U.S. stocks started Tuesday lower after Chinese data pointed to a slowdown in services activity, fueling more concerns about global growth. A private gauge showed the slowest expansion in China’s services output in eight months on Tuesday. Beijing has put forward additional stimulus measures in recent days, including support for China’s ailing property sector and the creation of a government body to help the private sector. The Shanghai Composite Index retreated nearly 1% and Hong Kong’s Hang Seng Index lost over 2%. An index of U.S.-listed Chinese stocks fell more than 2%.

Persons: Dow Organizations: Nasdaq, Treasury, Bank of America, Nikkei Locations: Beijing, U.S, Saudi Arabia, Shanghai, Europe

☆ Pakistan's interim PM says Saudi Arabia to invest $25 bln over next five years
▼ + stars: | 2023-09-04 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +3 min

There was no immediate response to a Reuters request to the Saudi Arabian government for comment on Kakar's remarks. If confirmed, a series of investments worth $25 billion would be the biggest ever by the kingdom in Pakistan. Pakistan's state owned enterprises have long been an area of concern with bleeding financials adding to financial stress. Recently Pakistan added struggling state-run Pakistan International Airlines to the privatisation list again. Reporting by Gibran Peshimam; Additional reporting by Aziz El Yaakoubi in Riyadh; Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.

Persons: Akhtar Soomro, Anwaar, Haq Kakar, Kakar, Gibran Peshimam, Aziz El Yaakoubi, William Maclean Organizations: REUTERS, Rights, International Monetary Fund, Barrick Gold Corp, Pakistan's, Barrick, Pakistan International Airlines, Thomson Locations: Karachi, Pakistan, Rights ISLAMABAD, Saudi Arabia, Saudi, Saudi Arabian, Riyadh, Balochistan

☆ Factbox: From UPS to Detroit Three automakers, US labor unions flex muscle
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +4 min

Teamster member Sergio Martinez yells out during a rally outside a UPS facility in downtown in Los Angeles, California, U.S. July 19, 2023. AIRLINES & AEROSPACE FIRMSPilots at several airlines including American Airlines (AAL.O), Delta Airlines (DAL.N), United Airlines Holdings (UAL.O), Spirit Airlines (SAVE.N), Jetblue Airways (JBLU.O) negotiated new job contracts this year. Members of some unions like the Southwest Airlines Pilots Association have voted to authorize a strike if a new contract is not reached. U.S. Steel (X.N), which is reviewing multiple proposals ranging from partial acquisition to an entire buyout, is embroiled in a tussle with the United Steel Workers union. Labor unions secured new contract agreements at multistate operator-owned cannabis dispensaries in Illinois and in New Jersey in July.

Persons: Sergio Martinez, Mike Blake, Mrinalika Roy, Sriraj Organizations: REUTERS, Bureau of Labor Statistics, Reuters, Screen, United Parcel Service, FedEx, Pilots, AIRLINES & AEROSPACE, American Airlines, Delta Airlines, United Airlines Holdings, Spirit Airlines, Jetblue Airways, Southwest Airlines Pilots Association, United Auto Workers, UAW, Detroit Three, Cliffs Inc, United Steelworkers, U.S . Steel, United Steel Workers, Workers, Green Thumb Industries, Labor, Thomson Locations: Los Angeles , California, U.S, Wichita , Kansas, Cleveland, Los Angeles, New York City, Chicago, Illinois, New Jersey, Bengaluru

Oleg Panteleev, head of the AviaPort aviation think-tank in Moscow, said Russian airlines have "solved the problem" of operating under Western sanctions. When those firms stopped providing services – Lufthansa Technik said it suspended sales to Russia from Feb. 28, 2022 – Russian airlines turned to a pool of far smaller suppliers. Ivan Melnicov, chief executive of Air Rock and another aircraft parts distributor in Moldova called Aerostage Services, denied selling products to Russia. Most of the shipments listed in Russian customs records as having been made by Air Rock and Aerostage took circuitous routes, transiting through the UAE or Kyrgyzstan. He said Skyparts had procured one of the Northrop Grumman parts from a U.S. supplier but denied ever sending it to Russia.

Persons: Paul Hanna, Northrop, Oleg Panteleev, Kirill Skuratov, Northrop Grumman, Ivan Melnicov, Melnicov, Aerostage, Kafolati Komil, Mahmadbashir Yakubov, Kafolati, Skyparts FZCO, Lisa Barrington, Saeed Abdulloev, Skyparts, Karine Bukrey, Ramses Turizm, Bukrey's, Ramazan, Bukrey, Akpinar, Nordwind, Valery Pashaev, Pashaev, Maurice Tamman, David Clarke, Daniel Flynn Organizations: Ural Airlines Airbus, Palma de Mallorca, REUTERS, Rights, U.S ., Northrop Grumman, Central Asia, Airbus, Boeing, Ural Airlines, Northrop, United Arab Emirates, Western, Reuters, of Commerce, European Union, Russian, S7 Airlines, Reuters Graphics Reuters, Aeroflot, Lufthansa Technik, Engineering, Rock Solutions, Air Rock, Aerostage Services, Airlines, UAE, Istikloliyat, Skyparts, Nordwind Airlines, Thomson Locations: Palma de, Spain, Russian, Yekaterinburg, U.S, Moscow, Russia, Central, Ukraine, Tajikistan, UAE, Turkey, China, Kyrgyzstan, Swiss, Germany, Moldova, Air, Moldovan, Saudi Arabia, Komilchon, Ural, Dubai, United Arab, Turkish, Antalya, Nusret, Technic, New York

☆ Airline collision close calls are on the rise partly because there's not enough people working the high-paid, high-stress job that prevents them
▼ + stars: | 2023-08-22 | by ( Juliana Kaplan | Hannah Towey | Taylor Rains | ) www.businessinsider.com time to read: +8 min

Part of that can be chalked up to the air traffic controller labor shortages. A government audit released in June found that 77% of critical air traffic control facilities in the US are staffed below the recommended threshold. Staffing shortages "have placed a tremendous amount of strain on air traffic controllers," Rich Santa, president of the National Air Traffic Controllers Association, said in a statement to Insider. "Air traffic controllers are doing an exemplary job in a very difficult situation, but this is not sustainable." In May, Secretary of Transportation Pete Buttigieg told CNN that air traffic control needed 3,000 more workers to be fully staffed.

Persons: Rich Santa, Transportation Pete Buttigieg Organizations: New York Times, Service, Southwest Airlines, FAA, Cessna, Times, NASA, Air, National Air Traffic Controllers Association, Transportation, CNN, California TRACON, htowey Locations: Wall, Silicon, San Diego, what's, California, Jacksonville

☆ Airline close calls have been happening multiple times per week, report finds
▼ + stars: | 2023-08-21 | by ( Hannah Towey | ) www.businessinsider.com time to read: +4 min

On average, there have been multiple airline close calls per week so far this year, the report says. Several of the close calls were linked to mistakes by air traffic controllers, a workforce that's severely understaffedA government audit released in June found that 77% of critical air traffic control facilities in the US are staffed below the recommended threshold. Shaun Best/ReutersClose-call incidents are often the result of human error, such as mistakes made by air traffic controllers and pilots, the investigation found. The US continues to face a shortage of air traffic controllers, with 77% of critical air traffic control facilities in the US staffed below the recommended threshold, according to a government audit released in June. Are you an air traffic controller or training to become one?

Persons: It's, Shaun Best, General Organizations: New York Times, Federal Aviation Administration, Times, Southwest Airlines, FAA, Safety, Reuters, Transportation Department Locations: San Diego

Do You Work in Aviation and Have Concerns About Safety? We Want to Hear From You. Close calls involving commercial airlines happen far more frequently than the flying public realizes, a Times investigation has found. We want to hear from people working in aviation about safety issues. Share full article

Organizations: Aviation, Times

Mistakes by air traffic controllers — stretched thin by a nationwide staffing shortage — have been one major factor. So do the air traffic controllers who scour the skies and manage takeoffs and landings. The number of fully trained air traffic controllers nationwide has fallen 10 percent in the past decade. data and the agency’s most recent “Air Traffic Controller Workforce Plan.”Nearly all U.S. air traffic control facilities are understaffed Circles represent 313 air traffic facilities in the United States, including airport towers and larger regional centers. Desiree Rios for The New York TimesPilots, air traffic controllers and federal investigators have warned repeatedly that America’s air safety system is fraying.

Persons: Louis Armstrong, —, ”, Biden, Matthew Lehner, Mr, Lehner, Ilana Panich, Kennedy, Jan, “, ” Jennifer Homendy, Joe Raedle, Reagan, Desiree Rios, ’, ‘ Organizations: Southwest Airlines, Louis Armstrong New, International Airport, Delta Air, New, Airport, American Airlines, Frontier Airlines, Frontier, Federal Aviation Administration, The New York Times, United Airlines, American, Airbus, louisiana Magnolia, Times, Phoenix, NASA, Aviation, Pilots, Technology, U.S, Airlines, United, “, Bergstrom International Airport, Kennedy International, Delta, FedEx, JetBlue Airways, JetBlue, National Transportation Safety, Spirit Airlines, Fort Lauderdale, Las Vegas, San, Casper, Federal Aviation, The Times, FAA, National Transportation Safety Board, Department of, Gulfstream, Miami, The New York Times Pilots, Flying Magazine, Sky Harbor, Boeing Locations: Airport Mississippi, New Orleans, San Francisco, American, Dallas, louisiana, louisiana Magnolia Minden arkansas, Minden louisiana, United States, U.S, San Diego, Phoenix, Swiss, Continental, Buffalo, United, Delta, Southwest, —, Austin, Texas, New York, Austin , Texas, Sarasota , Fla, Burbank, Calif, Boston, New York City, Fort, Salt Lake, Ontario, Denver, Las, Portland ,, Baltimore, Miami, Peoria, Ill, Fort Worth, Jacksonville, Fla, Philadelphia, Fort Lauderdale, Lexington, Ky, Tampa

REUTERS/John Sommers II/File Photo Acquire Licensing RightsAug 18 (Reuters) - Air cargo enjoyed record demand when COVID-19 closed borders and snarled supply chains. Now, it is reeling from overcapacity and tumbling freight rates as the freight boom makes a hard landing. Passenger jets grounded during the health crisis are flying again and bringing their lower-deck cargo space, which competes with dedicated air freighters, back into play. The Florida-based carrier cited "the unyielding and rapidly mounting macro-economic headwinds that plagued the entire air cargo transportation sector starting in late 2022". In June, air cargo experienced the slowest contraction since February 2022, the International Air Transport Association said.

Persons: John Sommers, Xeneta, they're, Peter Sand, we're, Sand, planemakers, Eddy Pieniazek, expective, Pieniazek, Robert, Tim Hepher, Lisa Bartlein, Allison Lampert, Valerie Insinna, Barbara Lewis Organizations: Parcel Service, UPS, REUTERS, Air, Reuters, Western Global Airlines, Japan Airlines, Xeneta, International Air Transport Association, Ishka, Cathay, HK, Boeing, Airbus, Aeronautical Engineers, Thomson Locations: Louisville , Kentucky, Delaware, Florida, China, Asia, United States, Miami

☆ US startup Joby is building an electric aircraft it wants to use to fly people between airports and cities for the price of an Uber — take a look
▼ + stars: | 2023-08-17 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

The growing electric air taxi market is expected to be a $57 billion industry by 2035. Startups are racing to build the first certified eVTOL thanks to investments from airlines like United and Delta. Joby Aviation recently got the green light to start flight testing of its five-seater S4 2.0 eVTOL. The era of electric air taxis is almost here, and there are several competitors vying for a piece of the lucrative market. In 2021, United Airlines placed a $1 billion order for Archer's Midnight eVTOL, while Delta Air Lines invested $60 million into Joby Aviation in 2022.

Persons: Joby, Uber Organizations: Delta, Joby Aviation, Morning, Archer, Aerospace, EVE Air Mobility, Boeing, United Airlines, Delta Air Lines, Air New, American Airlines, Japan Airlines, Paris Airshow Locations: Air New Zealand

☆ As Wildfire Nears, Entire Canadian City Is Ordered to Evacuate
▼ + stars: | 2023-08-17 | by ( Ian Austen | More About Ian Austen | ) www.nytimes.com time to read: +1 min

The remarkable order was yet another reminder of the disruption wrought by Canada’s worst wildfire season on record. So far this year, the fires have burned an area 91 times as large as last year’s entire fire season. At times, smoke has traveled as far south as Georgia and as far east as Europe. Evacuation flights on commercial airlines and Royal Canadian Air Force planes are scheduled to begin on Thursday. An official notice posted by the territorial government on Wednesday said that no reception centers had been set up for evacuees.

Organizations: Escort, Officials, Royal Canadian Air Force Locations: Georgia, Europe, Alberta, Yellowknife

☆ China loosens its pandemic-era ban on citizens joining group tours abroad
▼ + stars: | 2023-08-11 | by ( ) edition.cnn.com time to read: +4 min

CNN —China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia, in a potential boon for their tourism industries. Prior to the pandemic, mainland Chinese tourists spent more than any other country’s tourists when abroad, clocking up a combined $255 billion in 2019 with group tours estimated to account for roughly 60% of that. Just how much outbound Chinese tourism will bounce back for the latest group of countries remains to be seen. “The opening of group travel from China to the U.S. is a significant milestone,” said Adam Burke, head of the Los Angeles Tourism and Convention Board. China has never publicly acknowledged limiting group tours to South Korea.

Persons: Gina Raimondo, –, Fumio Kishida, ”, Don Farrell, Steve Saxon, Adam Burke, “ Organizations: CNN, US Commerce Department, Japanese, Trade, Tourism, Weibo, McKinsey & Co, “, Los Angeles Tourism, Reuters Locations: China, United States, Japan, South Korea, Australia, Germany, Canada, Thailand, Russia, Cuba, Argentina, Nepal, France, Portugal, Brazil, Xinjiang, Los Angeles, U.S

☆ Air India unveils new logo in rebranding push under Tata Group
▼ + stars: | 2023-08-10 | by ( Aditi Shah | ) www.reuters.com time to read: +2 min

REUTERS/Adnan Abidi/File PhotoNEW DELHI/BENGALURU, Aug 10 (Reuters) - Tata Group on Thursday unveiled a new logo, branding and plane livery for Air India as part of a multi-million dollar transformation of the former state-run carrier. The airline's new logo includes a design with golden, red and purple colours, and will replace the old logo of a red swan with orange spokes. Since taking control in 2022, Tata has spent millions of dollars to update Air India's old planes, while also placing an order for hundreds of new jets. "The vision we have for the airline is also in the backdrop of a new resurgent India where the aspirations of everyone are limitless," Air India chairperson N. Chandrasekaran said. Over the past year, Air India has expanded its network and flights to several new domestic and international destinations, but it still faces challenges in operating a seamless and timely schedule of flights.

Persons: Adnan Abidi, Campbell Wilson, Tata, Chandrasekaran, Wilson, Aditi Shah, Ganesh, Arun Koyyur Organizations: REUTERS, Tata Group, Air India, Tata, IndiGo, Emirates, Air, Thomson Locations: New Delhi, DELHI, BENGALURU, India, Air India, Bengaluru

Travellers walk past an installation in the shape of five stars, at Beijing Daxing International Airport in Beijing, China April 24, 2023. REUTERS/Tingshu Wang/file photoBEIJING, Aug 10 (Reuters) - China has lifted pandemic-era restrictions on group tours for more countries, including key markets such as the United States, Japan, South Korea and Australia in a potential boon for their tourism industries. Just how much outbound Chinese tourism will bounce back for the latest group of countries remains to be seen. Shares in firms in the latest group of countries with large exposure to Chinese travel demand jumped on the news. China has never publicly acknowledged limiting group tours to South Korea.

Persons: Tingshu Wang, Fumio Kishida, Don Farrell, Steve Saxon, Casey, Sophie Yu, Joyce Lee, Jamie Freed, Edwina Gibbs Organizations: Beijing Daxing International, REUTERS, Japanese, Trade, Tourism, Weibo, McKinsey & Co, South, Grand Korea, Reuters, Casey Hall, Thomson Locations: Beijing, China, BEIJING, United States, Japan, South Korea, Australia, Germany, Britain, Canada, Thailand, Russia, Cuba, Argentina, Nepal, France, Portugal, Brazil, Xinjiang, South Korean, U.S, Shanghai, Seoul

☆ Hawaii wildfires: Biden vows immediate aid, deploys military to assist victims
▼ + stars: | 2023-08-10 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

President Joe Biden on Thursday vowed immediate assistance for Maui residents who have lost loved ones and their homes in devastating wildfires that have taken at least 36 lives. "Anyone who's lost a loved one, whose home has been damaged or destroyed, is going to get help immediately," Biden said. The president has ordered the military to the island to help fight the blaze and evacuate people out of harms way. The Marines are providing Black Hawk helicopters to help fight the fires. The U.S. Department of Transportation is also working with commercial airlines to help evacuate tourists from Maui.

Persons: Joe Biden, Biden, who's, Josh Green, Deanne Organizations: Hawaii Gov, Army, U.S, Marines, NBC News, U.S . Department of Transportation, Maui ., Maui . United Airlines, Kahului Locations: Kihei, Maui County, Hawaii, U.S, Maui, Lahaina, Utah, Maui . United

☆ Exclusive: Israel's El Al in talks to buy Airbus jets in potentially historic shift
▼ + stars: | 2023-08-10 | by ( Steven Scheer | ) www.reuters.com time to read: +3 min

An Israel El Al airlines plane is seen after its landing following its inaugural flight between Tel Aviv and Nice at Nice international airport, France, April 4, 2019. A decision likely would be made early in 2024, Ben Tal Ganancia said. At list prices the investment would be near $4 billion but El Al would likely pay far less after discounts. "It is serious," Ben Tal Ganancia said of the talks with Europe's Airbus. In the second quarter, El Al earned a net $59 million versus net profit of $100 million a year earlier.

Persons: Israel El, Eric Gaillard, Dina Ben Tal Ganancia, Ben Tal Ganancia, El Al, Steven Scheer, Tim Hepher, David Goodman, Mark Potter Organizations: Nice, REUTERS, TEL, Al Israel Airlines, Airbus, El, Boeing, Reuters, El Al, Tel Aviv Stock Exchange, Europe's Airbus, Ben Gurion, Revenue, Ben Gurion International Airport, Thomson Locations: Israel, Tel Aviv, France, TEL AVIV, United States, El, Asia, Australia, North America, Istanbul, Dublin, Tokyo, Mumbai, Fort Lauderdale

Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in the Queens borough of New York City, New York, U.S., June 1, 2022. REUTERS/Mike SegarAug 9 (Reuters) - Wheels Up Experience (UP.N) said on Wednesday there was "substantial doubt" about its ability to continue operations, even as it disclosed short-term funding from Delta Air Lines (DAL.N), sending its shares plunging 42%. North American business flights were down 3.6% compared with July 2022, according to data from Argus International. Delta said in a statement that it was providing a short-term capital infusion in the form of a secured promissory note to Wheels Up, which is pursuing strategic partnerships. Wheels Up, which canceled an earnings call scheduled for Wednesday, said U.S. private jet operator Airshare had entered into a non-binding agreement with the company to acquire its non-core aircraft management business.

Persons: Mike Segar, Delta, Ed Bastian, Airshare, Shivansh, Allison Lampert, Rajesh Kumar Singh, Vinay Dwivedi, Mark Potter Organizations: Delta Airlines, LaGuardia Airport, REUTERS, Delta Air Lines, Argus International, Delta, Airshare, Thomson Locations: Queens, New York City , New York, U.S, American, Bengaluru, Montreal

A Pakistan International Airlines (PIA) passenger plane prepares to take off from the Benazir International airport in Islamabad, Pakistan, February 9, 2016. REUTERS/Faisal Mahmood/File PhotoISLAMABAD, Aug 7 (Reuters) - Pakistan plans to privatise its loss-making national carrier Pakistan International Airlines (PIAa.PSX), the government said on Monday, as the country also seeks to outsource its airport operations in line with an IMF deal. The privatisation decision was taken at a meeting of the Cabinet Committee of Privatisation chaired by Finance Minister Ishaq Dar. The committee "after deliberation decided to include Pakistan International Airlines Co. Ltd in the list of active privatisation projects of the ongoing privatisation programme, following an amendment in the law by the Parliament," a finance ministry statement said. Pakistan hopes to resume PIA flights to Britain in the next three months after services were suspended following a fake pilot scandal.

Persons: Faisal Mahmood, Ishaq Dar, Asif Shahzad, Baranjot Kaur, David Goodman, Mark Potter, Alistair Bell Organizations: Pakistan International Airlines, PIA, Benazir, REUTERS, Finance, Pakistan International Airlines Co . Ltd, PIAInvestment, European Union's Aviation Safety Agency, International Monetary Fund, Pakistan, Baranjot, Thomson Locations: Islamabad, Pakistan, ISLAMABAD, , New York, Britain, Europe, Bengaluru

☆ European airlines are adding up to 2 hours to flights to go around Niger after the African nation suddenly closed its airspace
▼ + stars: | 2023-08-07 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

This means airlines flying between Europe and southern Africa have to detour around the volatile nation. Carriers like British Airways and Air France are impacted, the latter adding up to two hours of flight time. Airlines like Virgin Atlantic Airways, Lufthansa, and Swiss International Airlines are also avoiding Niger. With the closure of Niger's airspace, airlines are now grappling with an even wider section of no-fly territory in north-central Africa. This map shows the African territories that European airlines cannot fly over.

Persons: —, FlightRadar24, they're Organizations: Carriers, British Airways, Air, Morning, Bloomberg, juntas, BCC, KLM, Cape Town, Airlines, Virgin Atlantic Airways, Lufthansa, Swiss International Airlines, Japan Airlines, Finnair Locations: Europe, Africa, Air France, South Africa, Ghana, Niger, Johannesburg, London, Mali, Burkina Faso, Burkina Faso's, Ouagadougou, Cape, Entebbe, Uganda, Accra, Lagos, Nigeria, Russia, Helsinki, Tokyo, Germany, France, Libya, Sudan

☆ Russia's closed airspace adds up to four hours onto some flights. United, British Airways, and Finnair are all avoiding the area.
▼ + stars: | 2023-08-03 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Russia's airspace is closed to many global airlines, forcing carriers to detour around the nation. Routes to and from Asia are up to four hours longer. Finnair's flight to Japan is four hours longer, while United treks an extra two hours to India. Carriers like British Airways, Finnair, Dutch carrier KLM, and Lufthansa, are flying about one to three hours longer than normal to avoid Russia. "Instead of a three-man crew, the extra hours can tip an airline into a heavy crew of four — and when there is a global pilot shortage, that can be really inconvenient."

Persons: They're, they're, OAG, John Grant, it's, Robert Mann, Grant Organizations: United, Morning, Carriers, British Airways, KLM, Lufthansa, Japan Airlines, Korean, All Nippon Airways, Monday, United Airlines, Juneyao Airlines, Emirates, Air, ABC News Locations: Asia, Japan, India, Ukraine, Dutch, Russia, New Delhi, London, Beijing, Seoul, Tokyo, Hong Kong, Helsinki, Soviet Union, Mumbai, San Francisco and New Delhi, China, Europe, Shanghai, Finland, Air India, New York

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