JetBlue Airways, a major US-based airline, has been granted permission by a trial judge to advance its commerce clause arguments in its legal challenge to a Florida law that determines how much of a commercial airline’s income is taxable within the state.
Delta Airlines has reached a significant financial milestone with S&P Global Ratings upgrading its credit rating to investment grade. This recognition underscores the airline’s robust financial performance and strategic efforts to strengthen its balance sheet and maintain fiscal resilience.
Boeing has officially resumed production of its B737 MAX aircraft as of December 6, 2024, marking a significant step forward following a seven-week strike by over 33,000 factory workers. The strike, which ended in early November, had temporarily halted manufacturing operations, causing disruptions across Boeing’s supply chain.
South African Airways (SAA) pilots have officially ended their strike after successfully negotiating a salary increment. The resolution of the dispute ensures the restoration of normal operations for the airline, which had been impacted by the industrial action.
Thai Airways International has undergone a significant shareholding restructure as part of a debt-to-equity conversion, altering the composition of its major shareholders. This move is a key element of Thai Airways’ broader restructuring plan aimed at improving its financial stability and positioning the airline for long-term recovery.
Akasa Air, one of India’s newest airlines, has clarified its stance on fleet expansion, emphasizing that it has no plans to lease aircraft from the secondary market despite delivery delays from Boeing. The airline’s fleet expansion timeline has now been pushed to April 2025, with the delivery of five aircraft anticipated in the first quarter of the 2025-26…
Southwest Airlines, one of the largest low-cost carriers in the United States, has revised its financial outlook for the fourth quarter of 2024, increasing its guidance for unit revenues. The airline now expects unit revenues to rise between 5.5% and 7%, a significant improvement driven by strong demand and optimized capacity.
JetBlue Airways, a prominent US-based low-cost carrier, has revised its 2024 financial guidance, signaling adjustments in both revenue expectations and cost metrics. The airline now anticipates a 3.5% to 4.5% decline in revenue for the fiscal year, an improvement from its initial projection of a 4% to 5% drop. Concurrently, the Cost per Available Seat Mile (CASM) excluding fuel is expected…
GOL Linhas Aéreas, Brazil’s largest low-cost airline, has reached a significant agreement to reduce its liabilities to the Brazilian government by $750 million, cutting the total amount owed to $250 million. This development marks a crucial step in the airline’s efforts to secure a stable financial future and emerge successfully from bankruptcy proceedings.
China Southern Airlines has bolstered its fleet by taking delivery of two new aircraft: an Airbus A321neo and an Airbus A320neo. The A321neo, bearing serial number 12270, is powered by LEAP-1A32 engines, while the A320neo, serial number 12299, is equipped with LEAP-1A26 engines.
