Delta Air Lines CEO Ed Bastian downplayed concerns that a possible recession could sap consumer travel demand, telling analysts on a recent earnings call that his company is well-positioned to ride out a mild slowdown should one take place.
Air France-KLM and U.S. asset management business Apollo Global Management have signed an agreement for Apollo-managed funds and entities to invest €500 million ($502 million) in an ad hoc Air France operating affiliate.
Emirates Airline has refused to accept London Heathrow (LHR) airport’s demands that carriers operating into the UK hub should cut their services over the summer peak season.
Scandinavian Airlines (SAS) has warned that the ongoing pilots’ strike has “severely impacted” the company’s liquidity and is putting at risk its ability to source new funding.