United now expects Q4 daily cash burn to rise to $24m to 26m, up from the $15m to $20m it had previously forecast, due to a "deceleration in forward bookings. United also expects to spend $10m per day on debt...
Read MoreIn an update for investors, American said current demand and future bookings have weakened after a strong start to Q4. A slowdown that began around Thanksgiving, it said, has persisted into early December. This unfortunately means cash burn for the...
Read MoreIATA’s annual meeting, which was supposed to be held in Amsterdam in June, was instead held virtually last week. The group’s most important message and mission: Convince governments to accept testing as an alternative to quarantines. “The biggest factors impeding...
Read MoreIt’s a question everyone likes to ask: Will there be more consolidation in the U.S. airline industry? Notwithstanding the possibility of say, two smaller LCCs like Spirit and Frontier getting together, the answer is probably no, given how consolidated the...
Read MoreSouthwest, in a mid-quarter investor update, rattled investors with a warning about November and December. It reports “a deceleration in improving revenue trends” for the two months, partly attributed to the recent presidential election. (It’s not uncommon for airline bookings...
Read MoreThe situation at Mexico’s Interjet appears to be going from bad to very bad. Very, very bad. In July, the embattled carrier managed to sell a 90% stake to new investors, netting it a crucial $150m in new capital. Whew....
Read MoreDelta and WestJet received U.S. DOT approval to proceed with their planned joint venture. But it comes with caveats. WestJet’s lower-cost Swoop unit cannot be part of the agreement. The two carriers must surrender eight roundtrip slots at New York...
Read MoreLufthansa gave a quick preview of its Q3 financial results, stating predictably that losses weren’t as severe as those in Q2. Like other European carriers, Lufthansa restarted some flights in June and enjoyed a brief period of decent shorthaul demand...
Read MoreAir Canada still wants Transat. But it won’t pay nearly as much for it. In May of last year, Canada’s largest airline announced the takeover of its rival for 13 Canadian dollars per share. Months later, it raised its offer...
Read MoreIATA, working with Airports Council International and others, continues its push to advance passenger Covid testing as a short-term way of safely reviving air travel. The industry is getting desperate, with the pandemic still preventing most international borders from reopening....
Read MoreDavid Neeleman’s new airline still intends to launch, just later than initially planned. It’s called Breeze, and it’s now targeting March for its first revenue flights. Where will it fly? Breeze is not yet ready to say, other than to...
Read MoreUnited became the first U.S. carrier to announce rapid-result Covid testing for passengers flying from SFO to Hawaii. The tests, which United said it worked with Hawaii to develop, are a way to get around the state’s strict 14-day quarantine...
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