AirGuide Business – Airline Business & Finance covers global airline, alliances, routes, traffic, fleets, finance, technology, and related supplier news, feature articles, special reports, market intelligence and analysis for industry professionals.

The Best Airline & Airport On-Time Performance: Europe

By | 2024-05-04T15:00:16-04:00 May 6th, 2024|@AirGuide Business, Airline Business, Airlines, Airport Business, Airports|

Europe saw a 14% decline in the number of flights cancelled this month, with just 6,983 cancelled in March compared to 8,186 in February. Austrian Airlines (OS) retained its dominance in the region with an impressive OTP of 90.37%, albeit a 2.59% decrease compared to last month. Vienna International Airport (VIE), the main hub for [...]

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LATAM Abandons Plan to Acquire GOL’s Boeing 737 Aircraft Leases

By | 2024-05-09T17:32:02-04:00 May 6th, 2024|@AirGuide Business, Aircraft Business, Airline Business|

LATAM Airlines Group has officially dropped its plans to take over Boeing 737 aircraft leases from GOL Linhas Aéreas Inteligentes, citing a "lack of meaningful engagement" from the Brazilian airline in commercial negotiations. This decision was detailed in a recent filing with the United States Bankruptcy Court for the Southern District of New York, reflecting [...]

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American Airlines Reduces 2024 Aircraft Delivery Forecast by 24%

By | 2024-05-09T17:13:15-04:00 May 6th, 2024|@AirGuide Business, Aircraft Business, Airline Business|

American Airlines has revised its aircraft delivery expectations for 2024, announcing a reduction in its forecast by 24%. Initially projected to receive 29 new mainline aircraft this year, the airline now anticipates only 22 deliveries. This update was shared by Devon E May, the Chief Financial Officer of American Airlines, during a first-quarter investor call. [...]

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Flair Airlines Announces Reduction in Stake by 777 Partners Amid Strategic Changes

By | 2024-05-09T17:13:16-04:00 May 6th, 2024|@AirGuide Business, Aircraft Business, Airline Business|

Flair Airlines, based in Kelowna, has revealed that 777 Partners, a key investor since 2018, has significantly reduced its stake in the airline. The exact size of the stake reduction was not disclosed, but according to Canada's Globe and Mail, the private investment firm's share has decreased from about 25% to under 10%. This shift [...]

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National Airlines Expands Fleet, Eyes Boeing 747s Amid Limited Availability

By | 2024-05-09T17:13:16-04:00 May 6th, 2024|@AirGuide Business, Air Cargo, Aircraft Business, Airline Business|

National Airlines, based in Orlando Sanford, is actively seeking to expand its fleet with additional Boeing 747-400 freighters, known for their unique nose-loading capability. Nihal Wickrema, VP of Strategy and Revenue Optimization at National Airlines, expressed the airline's intent to procure more factory-built freighters in the near future. However, the scarcity of these aircraft has [...]

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Qantas Agrees to $100 Million Penalty and Remediation Payments in Settlement with ACCC

By | 2024-05-09T17:32:31-04:00 May 6th, 2024|@AirGuide Business, Airline Business, Government & Regulatory|

Qantas has reached a settlement with the Australian Competition and Consumer Commission (ACCC), agreeing to pay a AUD 100 million (USD 66 million) penalty and offer remediation to around 86,000 customers. This resolution comes in response to charges that the airline sold tickets on flights that were either already cancelled or were about to be [...]

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Bonza’s Financial Troubles Deepen as Insolvency Proceedings Begin in Australia

By | 2024-05-09T17:13:17-04:00 May 6th, 2024|@AirGuide Business, Aircraft Business, Airline Business, Government & Regulatory|

Bonza, an Australian low-cost carrier based at Sunshine Coast, is facing intensified scrutiny and legal challenges following its collapse on April 30. The airline's administrators, Hall Chadwick, have scheduled the first creditors' meeting for May 10 in Sydney, where the precise number of creditors and their claims will begin to be addressed. This meeting will [...]

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The Best Airline & Airport On-Time Performance: North America

By | 2024-05-10T15:21:43-04:00 May 5th, 2024|@AirGuide Business, Airline Business, Airlines, Airport Business, Airports|

Unlike their counterparts in the Asia-Pacific region, North American airlines and airports experienced some decline in performance in March. The region also had a 33% increase in flight cancellations. Southwest Airlines, American Airlines, and SkyWest Airlines were responsible for a significant number of flight cancellations.For the third consecutive month in 2024, Delta Air Lines (DL) [...]

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Qatar Airways Launches New Credit Cards in the US with Elite Status and Added Perks

By | 2024-05-10T15:21:43-04:00 May 5th, 2024|@AirGuide Destinations, Airline Business, Airlines, Frequent Flyer Airline|

Qatar Airways has introduced a new line of credit cards targeting U.S. travelers, offering a suite of benefits that include automatic elite status for one year. These cards come loaded with attractive perks such as increased baggage allowances, lounge access, and a fast track to elite status, enhancing the travel experience for cardholders. This innovative [...]

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The Best Airline & Airport On-Time Performance: The Global Leaders

By | 2024-05-10T15:21:43-04:00 May 4th, 2024|@AirGuide Business, Airline Business, Airlines, Airport Business, Airports|

Qatar Airways (QR) is this March’s global airline leader with an OTP of 87.36%, a 4-point increase over February’s performance. Pegasus Airlines (PC), a new name in the top-ranking list, has emerged as the runner-up in the global airline category with an OTP of 87.14%. Pegasus Airlines also showed the highest performance improvement among the [...]

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China’s C919 Clears Post-Flight Safety Trials, Intensifying Competition with Airbus and Boeing

By | 2024-05-09T16:40:17-04:00 May 2nd, 2024|@AirGuide Business, Aircraft Business, Aircraft Engines & Suppliers, Airline Business|

China's domestically developed narrowbody passenger aircraft, the C919, has successfully completed a series of rigorous post-flight safety assessments. This significant milestone is poised to bolster the C919's prospects in international markets, escalating competition with its counterpart, Boeing, amidst the American manufacturer's ongoing technical challenges. The completion of the "deep level" safety tests represents a pivotal [...]

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Prima Air Expands into Asia-Pacific with New Hong Kong Base

By | 2024-05-09T16:40:17-04:00 May 2nd, 2024|@AirGuide Business, Airline Business, Airport Business|

Prima Air, a prominent private charter company based in the United States, has launched a new base at the Hong Kong Business Aviation Centre (HKBAC) within the premises of Hong Kong International Airport. This strategic move marks Prima Air's foray into the Asia-Pacific region, aiming to cater to the growing demand for luxurious private jet [...]

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