aviation-industry
28 stories related to this topic, newest first.
FortuneSpirit Airlines Ends Operations After 34 Years
Spirit Airlines ceased operations on May 3. A company lawyer later apologized in bankruptcy court to customers who may face higher fares.
wwd.comTrump Claims Trade Progress With China After Xi Summit, Announces Boeing and Farm Deals
President Trump said this week's meeting in Beijing produced fantastic trade deals including China's commitment to buy at least 200 Boeing aircraft. The White House established new boards to manage economic ties while officials consider lifting tariffs on $30 billion in goods. Tr…
qz.comSpirit Airlines Completes Most Passenger Refunds After Ceasing Operations
Spirit Airlines said Sunday it had largely finished refunding passengers and returning crew members to their home bases after halting all flights over the weekend. The carrier cited severe financial pressures including rising fuel costs linked to the Israel-Iran war. Some passeng…
The IndependentGas Prices Rise 50% Since Start of Iran War
Lower-income Americans cut gas use by 7% but still spent 12% more in March as prices rose sharply after the Iran war started Feb. 28. U.S. airlines spent 56.4% more on jet fuel that month, prompting carriers to cut two million seats in May schedules worldwide. The New York Fed re…
koreatimes.co.krStrait of Hormuz Closes; European Jet Fuel Rises From $831 to $1,838 per Tonne
The ongoing conflict in the Middle East has driven jet fuel prices to more than double in recent weeks, leading to widespread flight cancellations and higher ticket costs. Airlines across Europe and North America have reduced schedules, while governments prepare measures to mitig…
GB NewsGlobal Airlines Cut 2 Million Seats as US Oil Demand Falls
Global airlines have reduced capacity by two million seats and canceled 12,000 flights in May due to jet fuel supply disruptions from the Iran conflict and Strait of Hormuz closure. Warnings highlight risks of critically low inventories in the UK, prompting emergency measures and…
cnbc.comAmerican Airlines Pilots Union Leader Praises United CEO's Merger Proposal as Bold Vision
The head of the pilots union at American Airlines described a merger proposal from United Airlines' CEO as showing bold vision that could transform the industry. The union is not endorsing a merger but is using the idea to push for stronger strategy at American. United ended its…
investmentu.comSpirit Airlines Files for Bankruptcy
Spirit Airlines has ceased operations following its second bankruptcy filing last summer and the collapse of negotiations for a $500 million Trump administration loan. Rival carriers including JetBlue and Breeze are adding new routes to fill gaps, while others cap fares and proce…
ABC NewsSpirit Airlines Shuts Down, Impacting 17,000 Employees and Travelers
Spirit Airlines abruptly shut down, leaving thousands of travelers scrambling and affecting 17,000 employees. President Trump vowed U.S. assistance for ships in the Strait of Hormuz and rejected Iran's latest peace proposal. Other developments include a lakeside shooting injuring…
The GuardianSpirit Airlines Shuts Down Operations
Spirit Airlines shut down on May 2, 2026, after 34 years, canceling all flights and stranding thousands of passengers. The collapse followed unsuccessful negotiations for a $500 million bailout from the Trump administration and soaring jet fuel prices linked to the US-Israel war…
Spirit Airlines Files Second Bankruptcy and Halts Operations After Failed Recovery Negotiations
Spirit Airlines announced it is winding down global operations effective immediately, marking its second bankruptcy in 12 months. Transportation Secretary Sean Duffy attributed the collapse to pre-existing issues rather than the Iran war. Rival airlines introduced discounts and h…
SemaforSpirit Airlines Ends Shutdown Talks After Rejecting $500M Government Bailout
Spirit Airlines is set to cease operations after a proposed $500 million federal bailout deal failed amid objections from bondholders and funding shortages. The budget carrier, strained by rising jet fuel prices from the Iran War, has filed for bankruptcy twice since 2024. Presid…
macstories.netApple Reports Record Q2 Revenue
Spirit Airlines is set to cease operations as early as tonight amid low bailout odds, while Apple reported $111.2 billion in second-quarter revenue, exceeding expectations in its first results since announcing CEO Tim Cook's departure. Separate developments include GameStop's pot…
rediff.comUK Government Relaxes Airport Slot Rules
The UK government has eased 'use it or lose it' rules for airline slots to prevent summer holiday disruptions amid soaring jet fuel costs from the ongoing Iran war. Oil prices have surged to levels not seen since 2022, prompting flight cancellations worldwide and economic warning…
The Boston GlobeTrump Nominates Radiologist Nicole Saphier as Surgeon General, Announces 25% Tariffs on EU Vehicles
President Trump selected Dr. Nicole Saphier as his new nominee for U.S. surgeon general after withdrawing Dr. Casey Means. He announced a tariff increase on European Union cars and trucks to 25% for alleged non-compliance with a trade deal. Trump expressed dissatisfaction with Ir…
ecns.cnAirbus Q1 Profit Drops 52% to 300 Million Euros on Slower Aircraft Deliveries
Airbus reported a 52% decline in first-quarter adjusted operating profit to 300 million euros, with commercial aircraft deliveries dropping to 114 from 136 a year earlier. Sales reached 12.65 billion euros, exceeding analyst expectations, while the company reiterated its 2026 del…
Substrate placeholder — needs reviewGOP Lawmakers Express Doubts on U.S. Stake in Spirit Airlines
Nearly a dozen GOP lawmakers expressed opposition or doubts about the Trump administration's consideration of buying a stake in Spirit Airlines. Critics include Senate leaders who called the idea a bad one for government involvement in airlines. The proposal comes amid Spirit's b…
Substrate placeholder — needs reviewCourts Reject Trump Immigration Policy, Stay Pentagon Press Ruling; Bipartisan Push to Repeal FCC News Distortion Rule
Federal appeals courts issued decisions on the Trump administration's mandatory detention policy for immigrants and the Pentagon's journalist escort requirement. Former FCC officials petitioned for a vote to repeal the News Distortion Policy amid allegations of misuse.
fortune.comUnited Airlines CEO Approached American on Merger, but American Declined Discussions
United Airlines CEO Scott Kirby publicly confirmed approaching American Airlines about a potential merger, which American rejected. Kirby argued the deal would expand services and boost the economy, despite opposition from American and President Trump. Shares of both airlines dec…
upi.comTrump Administration Considers Defense Production Act for Spirit Airlines Bailout
The Trump administration is exploring the use of the Defense Production Act to provide a $500 million loan to Spirit Airlines amid its second bankruptcy in two years. Rising jet fuel costs from the Iran war have strained the airline, prompting discussions of federal intervention…
forbes.comAmerican Airlines CEO States United Merger Would Harm Consumers
American Airlines CEO Robert Isom stated that a potential merger with United Airlines would be anti-competitive and bad for customers. United CEO Scott Kirby reportedly suggested the idea to a Trump administration official earlier this year. President Donald Trump expressed oppos…
Substrate placeholder — needs reviewBoeing Narrows Q1 Loss to $7 Million as Revenue Climbs 14% to $22.22 Billion
Boeing reported a net loss of $7 million for the first quarter of 2026, an improvement from the prior year, with revenue exceeding expectations at $22.22 billion. The company delivered 143 commercial airplanes, up 10%, and anticipates certifications for new 737 Max models later t…
wwd.comIEA Warns Europe Faces Jet Fuel Shortage in Six Weeks Amid Iran War
The International Energy Agency has warned that Europe could run out of jet fuel in about six weeks due to supply disruptions from the ongoing Iran war. This could lead to flight cancellations if alternative supplies are not secured. Jet fuel prices in Europe have more than doubl…
Substrate placeholder — needs reviewUnited Airlines CEO Scott Kirby Describes Hiring Criteria Based on Pilot Compatibility
Scott Kirby, CEO of United Airlines, stated that the company evaluates job candidates based on whether pilots would choose to spend a four-day trip with them. This approach aims to ensure employees are suitable for extended work interactions. The airline, valued at $31.7 billion,…
Substrate placeholder — needs reviewUnited Airlines CEO Describes Pilot Vetting Process for Job Candidates
United Airlines CEO Scott Kirby outlined a hiring practice where well-liked pilots assess candidates for cultural fit. The process involves pilots spending time with interviewees to determine if they would be suitable for extended work trips. This approach is part of broader hiri…
Substrate placeholder — needs reviewAirlines Shift First-Class Seats from Complimentary to Revenue Source
Airlines previously provided most first-class seats as complimentary upgrades or rewards. Over time, they have introduced methods to charge passengers for these seats. This change has turned first-class cabins into a significant revenue stream for carriers.
Substrate placeholder — needs reviewOngoing Conflict with Iran Drives Oil Prices Up, Prompting Airline Fleet Considerations
The ongoing war with Iran has contributed to higher oil prices, according to @business. Airlines may accelerate the retirement of older aircraft in response. This development could lead to increased orders for new planes from manufacturers Airbus and Boeing.
Substrate placeholder — needs reviewDelta and Southwest Airlines Increase Checked Bag Fees by $10 Following Jet Fuel Price Rise
Delta Air Lines and Southwest Airlines have raised their checked bag fees by $10, aligning with similar actions by United Airlines and JetBlue Airways. The increases come amid a surge in jet fuel prices. This affects passengers traveling with checked luggage on these carriers.