Flight attendants at three wholly-owned regional units of American Airlines secured agreements that provide higher pay and summertime bonuses, adding to rising industry costs amid a historically tight airline labor market.
Colombia’s first ULCC Viva captured headlines recently with the announcement that it plans to form a mega Latin American airline group along with rival Avianca and Brazilian carrier GOL.
Qatar Airways rebounded from the COVID-19 crisis in its fiscal 2021/2022 period ended March 31, posting a new company record for full-year net profit following a multi-billion-dollar net loss in the prior fiscal year.
For years, the Air Line Pilots Association (ALPA) has argued that the U.S. does not suffer from a pilot shortage, but rather a pay shortage among the regional carriers that serve as farm teams for the major airlines.
Air China has officially announced that it has commenced the process to take the controlling stake of Shandong Aviation Group, the parent company of Shandong Airlines.
AirAsia X is preparing to take major steps in its network recovery, as it boosts its route total to seven and signals its intention to add more destinations including London later this year.
The deal, valued by manufacturer Hybrid Air Vehicles as potentially in excess of $600 million, gives Air Nostrum the option of receiving up to 10 of the 100-seat aircraft.
Pilots at two of American Airlines’ wholly owned regional subsidiaries have secured massive pay hikes of around 50%, raising the bar for pilot pay amid a national shortage that is weighing heavily on regional carriers.
South African LCC Mango Airlines is hoping to finalize talks with a buyer later in June, after finally receiving ZAR225 million ($14 million) in additional funding from its existing shareholder, although this is ZAR85 million less than originally planned.
The French shipping company acquired the stake through the airline group’s recently concluded €2.6 billion ($2.7 billion) capital raise after agreeing a strategic partnership with Air France-KLM in May.
Virgin Australia is resuming more short-haul international destinations this week, and it is also planning for further expansion of its international network later this year and in March 2023.
Airfares surged by nearly 13% in May on the back of higher jet fuel prices, extending a streak of monthly price increases that some industry watchers are worried may soon start to eat into travel demand.