air travel

It’s a busy day for the airlines as three major carriers report and investors wait to hear what they might say about summer travel trends. In the meantime, broader market action looks a little unsettled to start the day without much direction one way or another. It might be a bit of a wait-...

The Boeing Co (NYSE: BA) has disclosed yet another manufacturing defect in 787 Dreamliner jets, which takes the tally of flaws to four in recent weeks, Bloomberg reported Thursday. What Happened: The latest issue is a small depression near the areas where the jet’s vertical fin comes...

The Boeing Co (NYSE: BA) said Tuesday that the tail sections of 787 Dreamliner planes made at its Salt Lake City facility were joined together improperly, the Wall Street Journal reported. What Happened: The disclosure makes it the third quality-control issue associated with the long-haul plane,...

Korean Air leveraged its cargo operation to turn a profit in the second quarter when nearly every other passenger airline has reported enormous losses after COVID-19 travel restrictions brought most flight operations to a standstill.  The South Korean carrier has one advantage that many pure...

North American and international airlines are adjusting operations and their financial outlook on an almost daily basis as the coronavirus pandemic continues to get worse. In an effort to stabilize their balance sheets, they are reducing capacity on a rolling basis, putting capital expenditures on...

North American and international airlines are offering their planes for cargo-only service in the midst of a coronavirus pandemic that has wiped out the vast majority of international traffic, leaving companies with limited options for moving high-value and critical goods. Only using the lower...

And so, the see-saw ride continues. Today, we’re on the side going down. Yesterday’s calls for fiscal stimulus were welcome, but don’t necessarily stop all this from playing out and can’t fight a virus. At the end of the day, people seem to be saying that we still have the...

Airlines serving Australia and New Zealand are implementing drastic service cuts as a result of a steep fall in passenger demand and government announcements last weekend that all travelers entering the countries must self-quarantine for two weeks. Qantas and subsidiary Jetstar together will cut...

The Coronavirus pandemic is upon Europe as the World Health Organization officially declared it as the new epicentre of the COVID-19. When Trump declared a state of emergency on Friday, the situation quickly deteriorated even for US  airlines. The situation is only getting worse as Germany and...

It's official, the EU is on lockdown as of noon (Central European Standard Time) as the World Health Organization has declared a global pandemic of COVID-19 and Europe as its new epicenter. This literally means no one enters nor gets to leave the Union for at least 20 days in an effort to...

The market is attempting a rally this morning after more heavy selling yesterday, but with volatility near record levels it’s far from certain whether gains will last throughout the day. Equity index futures hit their limit-up stops overnight before easing back. Perhaps some of the...

Facing a severe drop in traffic and revenue associated with new coronavirus travel restrictions imposed by many countries, including Canada and the U.S., airlines are cutting flight schedules to the bone and taking other drastic measures that are seriously impacting frontline workers for the first...

Yesterday, President Trump said that coronavirus could cause a U.S. recession, and that the outbreak could still be around even through August. What does this mean for airline companies? The U.S., Europe, and other countries are beginning travel bans for a month or more, and consumer demand...

American Airlines Group Inc. (NASDAQ: AAL) is phasing in a suspension of additional long-haul international flights from the U.S. on Monday in response to lower passenger demand and government travel restrictions due to coronavirus. The idling of 135 wide-body jets will crimp air cargo capacity,...