Airlines
Sky-high rents hit the aircraft market as Boeing jets top $300,000 a month
An Airbus A321 is being assembled in the final assembly line hangar at the Airbus U.S. Manufacturing Facility in Mobile, Alabama. Michael Spooneybarger | Reuters Passengers aren’t the only ones paying more to fly this year. A tight supply of aircraft is driving up the price airlines pay to rent planes, just as travel demand […]
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Qantas stocks are a ‘protected species,’ suggests information analytics agency
ShareShare Post by way of FacebookShare Report by way of TwitterShare Posting by means of LinkedInShare Post by means of Email Mathan Somasundaram of Deep Knowledge Analytics states travel is a “choppy sector” but Qantas is “1 to purchase when absolutely everyone desires to toss every little thing away.” Supply
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Small-expense airways are far more influenced by rising fuel expenses, states Qantas CEO
ShareShare Write-up by using FbShare Write-up via TwitterShare Post through LinkedInShare Post by means of Electronic mail Squawk Box Asia Alan Joyce, the airline’s CEO, discusses how it strategies to cover soaring gas expenditures whilst “placing pretty appealing air fares out there.” 02:43 2 hrs ago Resource
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Unlimited caviar and private space: Airlines are playing catch-up by wooing luxury travelers
Dubai’s Emirates airline in August announced an investment of over $2 billion to improve its inflight customer experience, including cabin interior upgrades and new menus — with unlimited caviar. The world’s biggest long-haul carrier will be retrofitting over 120 aircraft with new interiors, as well as dishing up menus with new vegan options and cinema […]
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Morgan Stanley says buy Frontier, a low-cost airline poised to rally nearly 60% from here
Morgan Stanley believes now is an opportune time to buy shares of Frontier . “With the SAVE merger pursuit now in the rear-view mirror, we view Frontier as the quintessential ULCC (ultra low cost carrier) due to its ultra-low fares, ultra-low cost structure, and attractive (normalized) margins,” wrote analyst Ravi Shanker in a note to […]
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Microsoft and Alaska Airlines are working with this startup to make clean jet fuel from carbon emissions
Sustainable aviation fuel, commonly called SAF, has so far been expensive to produce, but new startups are now creating clean fuels out of carbon at a much cheaper cost. Now, new tax credits for clean fuel production from the recently signed Inflation Reduction Act could propel these companies further faster. Most SAF is made out […]
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Airline unions urge carriers not to resume buybacks when bailout ban ends this fall
A United Airlines flight crew walks through the terminal at San Francisco International Airport on April 12, 2020 in San Francisco, California. Justin Sullivan | Getty Images The largest U.S. airlines are making money again. Labor unions don’t want them to spend it on stock buybacks. A condition of the $54 billion in federal aid […]
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American Airlines agrees to buy 20 supersonic planes from Boom
American Airlines has agreed to purchase 20 supersonic Overture planes from Boom Supersonic, the companies announced Tuesday. The deal is the second firm order in the last two years for Boom, still years from building its first commercial airplane. United Airlines made a commitment last year to buy 15 Overture jets. “Passengers want flights that […]
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Business travel spending might not return to pre-pandemic levels until 2026
Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images Business travel spending might not recover to pre-pandemic levels until sometime in 2026 — two years later than previously expected — as inflation, labor shortages and geopolitical issues slow the sector’s rebound, according to […]
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London’s Heathrow airport extends passenger limits until late October as travel strains continue into the fall
Passengers wearing face masks as a preventive measure against the spread of coronavirus arrive at Heathrow Airport Terminal 2 in London, August 3,, 2021. Tejas Sandhu | SOPA Images | LightRocket | Getty Images London Heathrow airport has extended limits on departing passengers through late October to avoid travel chaos as Britain’s busiest hub grapples […]
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