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American Airlines Reaches Tentative Settlement with Sabre

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American Airlines (US) and Sabre (US) have reached a tentative settlement in their high-profile legal battle over $139 million in legal fees incurred by American Airlines after a 2022 trial. The airline had previously been awarded just $1 in damages, leading to a prolonged dispute over the recovery of associated legal expenses. The specific terms of the settlement remain undisclosed, according to a recent court filing.

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Turkish Airlines Reports $2.7 Billion Net Profit for First 9 Months of 2024

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Turkish Airlines has reported a strong financial performance for the first nine months of 2024, achieving a net profit of $2.7 billion on total revenues of $17.0 billion. The airline’s robust cash position, with cash and cash equivalents totaling $1.7 billion at the end of the period, highlights its financial resilience and capacity for continued…

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Air Antilles to Reinstate ATR and DHC6 Aircraft for High Season

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Air Antilles (Guadeloupe) has announced plans to bolster its fleet by reintroducing two ATR aircraft — an ATR72 and an ATR42 — and a DHC6 back into operations starting December 20, 2024. This strategic move aims to strengthen the airline’s network and service offerings during the high-demand travel season.

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Spirit Airlines Secures Restructuring Agreement and Initiates Chapter 11 Process

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Spirit Airlines, a prominent U.S.-based carrier, has announced a restructuring support agreement (RSA) as part of a comprehensive plan to strengthen its balance sheet and streamline operations. The agreement has received backing from a supermajority of Spirit’s loyalty and convertible bondholders, paving the way for significant financial restructuring.