AW Daily

Latam, Aeromexico Face Allegations of Coercive Tactics in Bankruptcy Restructurings

Aeromexico and Latam Airlines Group cannot catch a break in their separate, but fraught, U.S. Chapter 11 bankruptcy restructurings. Both airlines face allegations of using coercive tactics, namely offering creditors additional funds or the promise of future business, to garner...

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Omicron Surge Crimps United’s Capacity Plans

United Airlines' ambitious plans to fly 5 percent more capacity this year than in 2019 ran into an obstacle named Omicron. Due to the spread of the coronavirus variant, the airline now expects to fly less than it did in...

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Pilot Shortage Cost American $61 Million in Fourth Quarter

U.S. airlines face an increasingly challenging situation finding pilots for their regional affiliates. This shortage is affecting schedules and the recovery and, at least for American Airlines, costing millions of dollars to rectify. In its fourth-quarter results, American reported $61...

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Virgin Atlantic CEO Warns Inflation Will Drive Higher Costs, Fares in 2022

Supply chain challenges, rising labor costs and the price of flying more sustainably will be felt keenly by Virgin Atlantic Airways this coming year, and passengers will foot the bill. CEO Shai Weiss also warned that higher inflation is here...

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AT&T, Verizon Delay 5G Rollout as Global Airlines Suspend U.S. Flights

AT&T and Verizon agreed on Tuesday to delay the rollout of their 5G wireless networks — scheduled to go live Wednesday — at several U.S. airports to give the Federal Aviation Administration (FAA) and airlines more time to determine if the...

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American Airlines Cites Pilot Shortage For Route Suspensions

American Airlines will temporarily suspend at least seven regional routes this spring amid a worsening shortage of pilots facing U.S. regional carriers. "We’re making proactive adjustments to our schedule to mitigate any future travel disruptions related to near-term pilot staffing...

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Aircastle Reports Stronger Quarter as Airlines Turn to Lessors For Fleet Needs

The pandemic brought new prominence to the aircraft leasing industry, as airlines, with their balance sheets battered by the crisis, increasingly have turned to lessors to supply their aircraft needs. But this prominence could accelerate a wave of consolidation in...

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Delta Slashes Regional Flying by a Quarter Amid Pilot Shortage

Delta Air Lines is the latest to cull schedules as a result of the pilot shortage facing the regional industry in the U.S. The Atlanta-based carrier has cut regional flights by as much as a quarter from previous plans through...

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Boeing at Pivotal Moment With Mid-Market Aircraft Decision

Boeing's decision to kill its New Mid-Market Airplane, or NMA, concept two years ago could drastically upset the global duopoly for large commercial aircraft. At least that's the view of Richard Aboulafia, a long-time aerospace analyst and now managing director...

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Denver Approves Airport Project With $1 Billion Cost Overrun

Denver International Airport can go ahead with completing overdue renovations of its iconic terminal building with approval an additional $1.1 billion in funding for the project that some liken to Boston's Big Dig, which was known for delays and cost...

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Airbus Uncertain of Timeline For Stretched A220

Airbus notched another win with an order for 22 A220s from regional-airline lessor Azorra, the first major order of the year for an airframer that reported a banner year last year, with more than 600 deliveries. The Azorra deal cements...

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Argentina Pinches Low-Cost Carriers With Fare Rules Favoring State Carrier

The Argentine government turned back the clock and returned to the tariff bands system for domestic flights, which had been eliminated by the previous government. The decree issued late in December will limit the opportunity for low-cost airlines like JetSmart...

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