airlines

  • 3 mins

FAA certifies Boeing 737 Max 10 after years of delays

The Federal Aviation Administration on Tuesday, Oct. 20, approved the Boeing 737 Max 10, the largest model in the 737 Max family. The plane was supposed to enter service in 2020, but heavier scrutiny after two fatal crashes and a…

Airline stocks slide as oil nears $110 amid Iran war

The prolonged U.S.-Iran conflict is again pushing oil prices toward levels that threaten airline profitability worldwide, with crude challenging $110 per barrel and jet fuel costs running roughly 45% higher than a year ago. The surge — driven by renewed…

Ryanair CEO warns of ‘significant’ airfare hikes as oil tops $100

Ryanair CEO Michael O'Leary warned Thursday that airfares could see a "significant uplift" if oil prices remain elevated into next year, as Brent crude held above $100 a barrel and jet fuel costs continued to squeeze the airline industry.

Hormuz closure fuels record refining profits as airlines scramble for jet fuel

The months-long closure of the Strait of Hormuz has carved roughly 5 million barrels per day out of global refining output, sent margins to record highs, and left airlines scrambling for jet fuel — a cascade of disruptions that the…

EU to review airline ownership rules, threatening U.S. bids for easyJet

The European Union is preparing to review its airline ownership regulations to prevent foreign investors from gaining effective control of EU carriers, an EU official disclosed at the Farnborough air show on Tuesday, in a move that could upend a…

Dubai airport operating with roughly 55 airlines, down from 90 before Iran conflict

Dubai International Airport is operating with roughly 55 airlines — down from more than 90 before the Iran conflict began — as global carriers continue to weigh safety concerns and war-risk insurance costs against strong travel demand, Dubai Airports CEO…

Ryanair profits drop 34% as Iran war drives up fuel costs

Ryanair reported a 34% drop in pre-tax profits to €593 million for the April-June quarter, as the ongoing Middle East conflict involving Iran dampened consumer travel demand and pushed jet fuel prices higher, the airline said on Monday.

Analysts warn weaker European airlines face failures as Iran war keeps fuel costs elevated

Europe's financially weaker airlines are staring down the prospect of bankruptcies and forced consolidation as the war in Iran continues to push jet fuel prices higher and disrupt key air corridors, straining an industry already battered by years of pandemic-era…

EasyJet backs Apollo’s $7.7B bid, dropping Castlelake

EasyJet said on Friday it had agreed in principle to a £5.7 billion ($7.7 billion) takeover by Apollo Global Management, after the US private equity giant gatecrashed a rival bid from Castlelake with a higher offer of £7.15 per share…

Airline stocks tumble as oil surges on Trump’s Iran ceasefire collapse

Shares of major airlines and cruise operators fell sharply on Wednesday after President Donald Trump declared the ceasefire agreement with Iran was "over," sending oil prices surging and reigniting fears of elevated fuel costs across the travel sector.

Airlines still face fuel shortages, route chaos despite Hormuz reopening

The global airline industry continues to grapple with fuel supply constraints and network disruptions tied to the Middle East conflict, even as diplomatic progress offers a glimmer of hope for recovery, according to Aviation Week.

SAS places $10 billion order for up to 40 Airbus widebodies

Scandinavian Airlines announced on Tuesday that it will purchase up to 40 Airbus widebody aircraft in what the carrier called the largest investment in its history, with a total list price exceeding $10 billion.