International Airlines Group (IAG) sees European authorities signing off on its renegotiated deal to acquire Air Europa later this year, as the conglomerate positions the acquisition as necessary to create a competitive alternative to other large European hubs.

It's more "snow and sun" for Southwest Airlines this year. The Dallas-based discounter will add Bozeman, Mont., and Destin-Fort Walton Beach, Fla., to its map this May, its 13th and 14th new dots since the coronavirus pandemic began.

The likelihood of very large passenger aircraft returning to prominence in airline fleets is low, as airlines retire their remaining Airbus A380s and Boeing 747s, Air Lease Corp. said in its fourth quarter and full-year 2020 earnings call. Freighter conversions…