Airlines

Elliott Investment Management’s recent move to publicly identify 10 nominees to Southwest Airlines’ board of directors signifies a significant escalation in their demand for changes within the airline’s senior management. This move is a clear indication that Elliott is determined to press forward with the proxy battle it has been threatening. Southwest Airlines, on the

Alaska Airlines has recently made a groundbreaking investment in the aircraft engineering startup JetZero. This innovative company is focused on reducing carbon emissions and fuel burn by up to 50% through its unique blended-wing aircraft design. Unlike traditional tube-and-wing passenger planes, JetZero’s design integrates the wings with the fuselage, resulting in a sleeker shape that

Southern Connecticut is set to witness a fierce competition between two discount airlines, Breeze Airways and Avelo Airlines. With Breeze announcing plans to introduce 10 routes from Tweed Airport in New Haven, Conn., where Avelo currently holds its primary East Coast base, the battleground is all set for these two players to go head-to-head. Breeze’s

American Airlines recently made a significant move during its Q2 earnings call when CEO Robert Isom acknowledged the need to rebuild positive relationships with travel advisors. This came after an aggressive push for direct distribution that backfired, potentially costing the airline up to $1.5 billion in revenue. Isom admitted the mistake, stating the importance of

Finnair, known for being a primary advocate of NDC technology in the airline industry, recently made a surprising decision to backpedal on their initial plan to cease distribution via legacy Edifact GDS technology by the end of 2025. This unexpected move has sparked discussions about the airline’s NDC strategy and its implications for the future.

Expedia Group, a major player in the travel industry, has recently reported a softness in demand during the third quarter. This revelation was made by CEO Ariane Gorin during the company’s Q2 earnings call, signifying a trend that is being observed across various sectors of the travel industry. Despite the challenges posed by the softening

Archer Aviation has recently made headlines with their groundbreaking electric aircraft, Midnight, poised to transform urban air mobility. The company has unveiled ambitious plans for a flight network in the Los Angeles area, set to revolutionize the way people commute within the city. With the goal of reducing travel times drastically, Archer aims to offer

Tauck has recently announced that they have resumed sales of American Airlines and its Oneworld alliance partners. This decision comes after American Airlines temporarily lifted a policy that had hindered tour operators like Tauck from offering refundable fares to their customers. This change has brought about a positive response from Tauck, with their vice president

In July, Delta Airlines experienced a significant increase in flight cancellations, reaching a rate of 5.28% compared to just 0.8% in June. This drastic change was attributed to the slow recovery from the CrowdStrike outage that occurred on July 19th. With nearly 6,500 flights canceled in the five days following the outage, Delta found itself

Breeze Airways has recently announced its plans to expand its operations to Newark, one of the primary airports in the New York metro area. This move comes as part of the carrier’s strategy to increase its presence in key markets and offer more options to travelers. The entry into Newark will be gradual, with twice-weekly

Boeing workers have come forward with alarming allegations regarding their experiences at the factory. One of the most shocking revelations is that employees were pressured to work at an extremely fast pace, leading to a compromised safety culture. The National Transportation Safety Board investigators heard firsthand from a Boeing door installer who disclosed that there

Elliott Investment Management has recently disclosed its holdings in Southwest Airlines, shedding light on its stake worth approximately $1.9 billion in the carrier. Alongside this revelation, the investment firm reiterated its call for changes to be made within the top management at Southwest. Elliott’s Demand for Leadership Change In a U.S. Securities and Exchange Commission

Harry Reid Airport in Las Vegas has experienced a significant increase in passenger traffic during the first half of 2024. The airport served 28.9 million passengers through June, marking a 2.6% increase from the same period last year. This growth has put the airport on track to surpass its record year in 2023, when it

Allegiant Travel Co.’s Sunseeker Resort Charlotte Harbor in Florida is currently experiencing significant financial difficulties. During a recent Q2 earnings call, Allegiant’s executive chairman and outgoing CEO, Maurice Gallagher, disclosed that “all options” are being considered, including the potential sale of the property. The resort is projected to incur a cash loss of around $15

The Department of Transportation’s Office of Aviation Consumer Protection has initiated an investigation into Delta Airlines’ recent operational crisis. The DOT Secretary, Pete Buttigieg, emphasized the importance of Delta honoring their commitments to customer service and complying with the law. This investigation aims to ensure that Delta’s passengers’ rights are upheld in the wake of

Korean Air recently announced the acquisition of 50 new Boeing widebody aircraft, comprising of 20 Boeing 777-9s, 20 Boeing 787-10s, and an option for an additional 10 787-10s. The exact value of the deal remains undisclosed, but the airline is making a significant investment in expanding its fleet capabilities. Role in Merger The new Boeing

Cybersecurity firm CrowdStrike has found itself in the middle of a legal battle with Delta Air Lines, following a software update failure on July 19th. This failure led to more than 6,300 cancellations between Delta and its regional subsidiary Endeavour over five days, costing the airline approximately $500 million. Despite Delta’s threat of a lawsuit,

The recent court filing by Hawaiian Airlines regarding the U.S. Department of Transportation’s rule for airline fee disclosure highlights the potential consequences for the airline industry if this rule is implemented as planned. The declaration from Hawaiian Airlines suggests that the airline would need to cease all traditional GDS sales if it cannot comply with