US Airlines Struggle to Forecast Amid Economic Uncertainty
Chicago, April 20 – The U.S. airline industry, a crucial part of the nation’s economy, is facing very challenging times. Airlines are trying to plan for the future while dealing…
Alaska Air Group Forecasts $1 Billion Profit Boost Post-Hawaiian Merger
Alaska Air Group unveiled a strategic plan to generate an additional $1 billion in profits by 2027, capitalizing on its recent merger with Hawaiian Airlines and the growing demand for…
JetBlue Revenue Forecast Revised Upward Amid Strong Demand and Outage Recovery
JetBlue Airways has recently revised its third-quarter revenue forecast upwards, signaling a robust recovery and growth trajectory for the airline. This optimistic outlook comes on the heels of a summer…
Skies Busier Than Ever, Airlines Lift Profit Forecasts on Travel Surge
The global airline industry is experiencing a welcome surge in travel demand, prompting a significant upward revision of profit forecasts for 2024. The International Air Transport Association (IATA), a key…
Delta says travel boom is here to stay, raises earnings forecast
Delta Air Lines CEO Ed Bastian on Thursday said travel has become the topmost priority for consumers, but capacity constraints at U.S. carriers will not let them catch up with…
American Airlines profit forecast disappoints; shares tumble
American Airlines Group Inc on Wednesday forecasted first-quarter profit below market expectations, joining rival United Airlines in signaling a hit from persistently high labor and fuel costs. The dull outlook…
Airbus Forecasts Commercial Aircraft Services Market Double in Value by 2041
Airbus believes the market for civil aviation-related services will return to pre-pandemic levels in 2023, before doubling in value over the next 20 years. Airbus is the world’s leading civil…
United Airlines lifts second-quarter revenue forecast
Image: United Airlines United Airlines Holdings Inc on Monday raised its revenue estimate for the current quarter despite trimming capacity, underscoring a booming travel demand. The Chicago-based carrier now expects…
Ryanair doubles annual loss forecast on Omicron restrictions
Ryanair on Wednesday more than doubled its annual loss forecast and cut its January traffic estimate by 33%, blaming travel restrictions in France, Germany and Morocco following the emergence of…