JetBlue Airways has announced its financial results for 2024, reporting a net loss of $795 million as revenues fell by 3.5% to $662 million. The airline faced challenges throughout the year, including declining demand and operational pressures.
Delta Air Lines is making significant adjustments to its fleet strategy for 2025. Following the retirement of just over 20 aircraft in 2024, the airline anticipates phasing out an additional 30 aircraft next year. At the same time, Delta plans to bolster its operations with the delivery of 40+ new aircraft, of which 12 to 13 will be widebody models, including Airbus…
Air Wisconsin (US) has announced a strategic realignment aimed at strengthening its focus on Essential Air Service (EAS) markets and expanding its charter operations. Effective April 2025, the airline will transition its relationship with American Airlines (US) to a codeshare and interline agreement, marking a shift from its previous operational model.
ExpressJet Airlines (US) has faced a significant regulatory setback as the US Department of Transportation (DOT)denied its request for a waiver from the revocation-for-dormancy rule. Additionally, the DOT dismissed the air carrier’s notice to resume operations and formally revoked the certificate authority previously issued to ExpressJet.
Surf Air Mobility (US) has unveiled a strategic initiative to minimize potential equity dilution significantly. The company announced plans to reduce the number of shares registered by approximately 35.6 million, which is expected to result in a 90% decrease in potential future equity dilution.
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.
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…
The Federal Aviation Administration (FAA) in the United States has announced a 30-day suspension on US airlines operating in Haiti after reports that three commercial jetliners were struck by gunfire. This restriction reflects the FAA’s heightened safety precautions following these incidents, which underscore escalating security risks for aviation in Haiti. With the temporary ban, the FAA aims to protect passengers, crew, and aircraft amid…
