Page 2 - Us Airlines

Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal with debt

Alaska Air Group said Sunday it agreed to buy Hawaiian Airlines in a $1.9 billion deal including debt. The combined company would keep both airlines' brands, which call the 49th and 50th states their homes. Alaska will pay $18 in cash for each share of Hawaiian, whose stock closed Friday at $4.86. The deal also includes $900 million in Hawaiian debt, which the airlines said brings the acquisition's total value to $1.9 billion. The deal still needs approval from the boards of both companies, as well as from the shareholders of Hawaiian Holdings. It will also need the blessing of U.S. regulators, which have shown resistance to more consolidation within the airline industry out of fear it could lead to higher fares. The companies expect the deal to close in 12 to 18 months.

Extreme temperature pushes airlines to shed fuel, limit passengers

High temperatures make air less dense, reducing engine performance and the amount of lift produced at a given speed

US airlines see no letup in travel demand despite broader economic concerns

Airlines say travel has become the topmost priority for consumers, but capacity constraints will not let them catch up with demand for anytime soon, helping sustain the post-pandemic travel boom

After weak start to year, airlines eagerly looking to profitable summer

Most US airlines lost money in the first quarter, traditionally the weakest time of year for travel, but they are all eagerly looking ahead to a summer of full planes and high fares. American Airlines and Southwest Airlines said on Thursday that they expect to be solidly profitable in the second quarter. They joined Delta Air Lines and United Airlines in giving an upbeat outlook for the April-through-June period, which includes the start of the peak travel season. Southwest CEO Robert Jordan said that despite losing USD 159 million in the first quarter the airline blamed fallout from its December meltdown, which hurt bookings early this year his airline made money in March as revenue picked up. While we are mindful of the uncertain economic environment, demand for domestic air travel remains strong, thus far, Jordan said. American eked out a USD 10 million profit for the first quarter as revenue jumped 37 per cent from a year earlier. The airline predicted second-quarter earnings

US Air Force opposes Chinese company's corn plant for North Dakota

The U.S. Air Force has told North Dakota leaders that it believes a Chinese company's plans to build a wet corn milling plant near its Grand Forks base poses a significant threat to national security, prompting city officials to say they'll move to stop a project once touted as an economic boon. The Fufeng Group's planned $700 million facility would be 12 miles (19 kilometers) from the Grand Forks Air Force Base, a location that triggered some local concern about potential espionage. Gov. Doug Burgum and U.S. Sens. John Hoeven and Kevin Cramer all Republicans pressed the federal government in July to expedite a review of any security risk. U.S.-China business ties have become strained amid growing tensions between the two countries over security and trade issues, which often overlap. China on Monday criticized U.S. controls on technology exports as a trade violation. Fears over spying have led the U.S. armed forces to prohibited the Chinese-owned app TikTok on military devices, and

Six airlines to issue $622 mn in passenger refunds: US transportation dept

The actions helped ensure the carriers paid required refunds "to hundreds of thousands of passengers who had their flights canceled or significantly changed"

Embraer says talks for manufacturing aircraft in India progressing well

Says it's looking at various partnering options for next-gen turboprop aircraft

Boeing gets FAA clearance to restart delivery of 787 Dreamliner aircraft

Boeing Co received preliminary US regulatory clearance to restart deliveries of its 787 Dreamliner aircraft, paving the way for the end to a drought that drained cash and dented its reputation

Top headlines: Dr Reddy's Q1 PAT up 108%; Adani Capital IPO likely in 2024

Bajaj Finserv on Thursday reported a 57 per cent jump in net profit at Rs 1,309 crore in the first quarter ended June 30, on healthy earnings by its subsidiary companies.

US: Spirit Airlines agrees to be bought by JetBlue in $3.8-bn deal

The agreement on Thursday comes a day after Spirit's attempt to merge with Frontier Airlines fell apart.

Delta warns of rising costs after missing earnings estimates in Q2

Carriers are struggling to ramp up capacity and get operations back on a smoother track, resulting in higher operational costs

Japanese airlines resume US Boeing 777 flights after 5G rollout

Two major Japanese airlines said Wednesday they will restore flights to the United States after the deployment of 5G mobile

Major airlines cancel some flights to US due to mega 5G rollout

Ahead of the mega 5G rollout in the US, major airlines have announced to cancel some flights over concerns that it could potentially interfere with some instruments and may put flyers' safety at risk

Air India to curtail or revise US flights due to 5G internet deployment

Air India said on Tuesday it will curtail or revise its flights to the US due to deployment of 5G internet there from January 19. US aviation regulator Federal Aviation Administration (FAA) had on January 14 said that 5G interference with the aircraft's radio altimeter could prevent engine and braking systems from transitioning to landing mode, which could prevent an aircraft from stopping on the runway. Therefore, a group of US-based airlines said on Monday in a letter to FAA that that 5G internet deployment could cause catastrophic aviation crisis. The group comprises airlines such as United Airlines, American Airlines, Delta Airlines and FedEx. Apart from Air India, United Airlines and American Airlines are the other two carriers that operate flights between India and the US. The airlines group said that 5G should be implemented everywhere in the US except within two miles of airport runways of affected airports. Air India tweeted on Tuesday: Due to deployment of 5G communicat

Major US airlines warn of 'catastrophic disruption' ahead of 5G deployment

CEOs of major US airlines warned of an impending "catastrophic" aviation crisis in less than 36 hours

US airlines feel stress as Omicron drives coronavirus wave: Report

The Omicron coronavirus variant has driven up the latest wave of the health crisis in the US and added stress to the US airlines, some of which otherwise may have upside earnings

Covid-19: US airlines call off more flights amid Omircon variant surge

Delta Air Lines, United Airlines, JetBlue Airways and American Airlines have cancelled more than 750 flights combined on Christmas Day, and cancellations were set to continue

US airlines scrap nearly 1,000 Christmas Day flights due to Omicron

At least one airline said that it expects hundreds more cancellations on Sunday

US airlines warn 5G wireless could cause havoc with flights

WASHINGTON (Reuters) - Major U.S. air carriers warned on Wednesday that plans by AT&T and Verizon Communications to use spectrum for 5G wireless services could be highly disruptive to air travel and cost air passengers $1.6 billion annually in delays.

Where can you fly right now? India's outbreak stalls global travel rebound

'Things will get worse for the Indian aviation industry before they get better,' says industry official