Tag: airline industry

American Airlines Resolves Gate Dispute with Chicago O’Hare

Reading Time: < 1 minute At the end of February, American Airlines had made it clear that it was not prepared to sign a new lease as current plans stood for the US$8.5 billion revamp of O’Hare Airport. American’s 35-year lease at O’Hare ends in May. The principal cause of the discontent was the supposed “secret” allocation of five of […]

Indian Government Clears Way for Major Foreign Investment in Air India

Reading Time: 2 minutes In a politically charged move, the Indian Narendra Modi government has agreed to sell a 49% stake in the state-owned flag carrying airline, Air India, thus still retaining a controlling interest. This is seen as a strategic divestment of an airline which has failed to show an annual operating profit for over ten years, and […]

European Union Sounds Alarm on Brexit Aviation Crisis

Reading Time: 3 minutes With every ticking minute towards the day when the UK exits the European Union (EU), anxiety is growing among those in the airline industry about when replacement agreements will be secured to ensure uninterrupted commercial air traffic in and out of the UK. Anxiety levels ratcheted up several more notches in mid-December when the European […]

Delta Now Hiring More Than 1,000 Flight Attendants

Reading Time: 2 minutes With more than 1,000 open positions for 2018, Delta is seeking dedicated, service-oriented professionals who love to be on-the-go, help others and enjoy variety in their work. Last year 150,000 applicants applied for roughly 1,200 coveted flight attendant jobs at Delta. After reviewing 35,000 video interviews and conducting 6,000 in-person interviews, fewer than 1 percent […]

Boeing Provided Monarch With $130m Bailout In 2016

Reading Time: < 1 minute Boeing  reportedly injected GBP100 million (USD131 million) into Monarch Airlines  last year as part of a bailout that briefly kept the airline operational, reports The Financial Times. However, the cash payments, which were paid over a period of six months from October 2016 into Monarch’s holding company, the Jersey-based Petrol Jersey Limited, weren’t enough to […]

Hurricane Irma Could Cost The US Airline Industry $2.5 Billion

Reading Time: 4 minutes As the most powerful hurricane ever recorded in the Atlantic bears down on Miami, the impact that this superstorm will have on aviation is perhaps the last thing on the mind of the more than 20 million Americans that call the state of Florida home. Hurricane Irma is currently battering the Caribbean, causing billions of […]

How Blockchain Technology Can Improve the Airline Industry

Reading Time: 2 minutes The airline industry – a data intensive industry with complex procedures and requirements – has much to gain from blockchain technology, an analysis from consulting firm Accenture reveals. Using cryptographic techniques and a distributed messaging protocol, a blockchain provides shared ledgers that decentralize reconciliation-based processes. Blockchain technologies differ from traditional technologies in that they are […]

Latin America To Be The Next Stop For Norwegian

Reading Time: < 1 minute Fast-expanding low-cost carrier (LCC) Norwegian is examining the possibility of setting up operations in Argentina. While cautioning that discussions were still at an early stage, the Scandinavian carrier confirmed Dec. 20 that it was looking at the possibility of setting up one or more bases in the South American nation, which has the continent’s third-largest […]

Another Strong Year for Airline Profits in 2017

Reading Time: 6 minutes The International Air Transport Association (IATA) announced that it expects the global airline industry to make a net profit in 2017 of $29.8 billion. On forecast total revenues of $736 billion, that represents a 4.1% net profit margin. This will be the third consecutive year (and the third year in the industry’s history) in which […]