U.S. low-cost carrier JetBlue Airways has improved its offer to purchase Spirit Airlines. JetBlue increased its reverse break-up fee by US$150 million to $350 million, payable to Spirit shareholders in case the deal falls through due to anti-competition concerns. The revised offer comes days after Frontier Airlines agreed to pay Spirit a break-up fee of $250 million. JetBlue Airways originally […]
American Airlines has announced new non-stop flights from the international hub of Austin, Texas to Cozumel, Mexico, and Montego Bay, Jamaica. Beginning June 11, the airline will commence a once-weekly Saturday service from Montego Bay and Cozumel. American undertook a major Caribbean expansion out of Austin, Texas last fall, with flights to destinations like Cancun, San Juan, Nassau, and Punta […]
American and United Airlines reported better-than-expected financial results, despite problems brought on by the COVID-19 Omicron surge during the holiday travel period. Both companies, however, have said the road ahead could be challenging, given the Omicron spread. American, the United States’ largest airline, lost $921 million in the quarter, excluding special items. That was less than analysts’ $1.2 billion forecasts […]
Following a brisk resumption in travel, airlines are again in a spot of bother as the rise in the Delta variant of the COVID-19 begins to take its toll. The industry has seen a drop in bookings after a strong summer start. Delta Air Lines CEO Ed Bastian said people are still traveling, but key segments — business and international […]
The COVID-19 pandemic is wreaking havoc in the airline business and speculation is rife that many of these companies must either merge or go out of business. American Airlines Group Inc (AAL.O) has now joined Delta Air Lines (DAL.N) in forecasting a 90% slump in second-quarter revenue. The company has cut $13.5 billion from its operating and capital budgets for […]
The COVID-19 pandemic has almost brought travel by air in the U.S. to a halt. Passenger traffic is down about 94 percent, and half of the industry’s 6,215 planes are parked at major airports and desert airstrips, according to Airlines for America, a trade group. Now, with the opening up of the country, airlines expect an increase in domestic travel […]
Jamaica is set to have a new domestic low-cost carrier as soon as next year. Speaking at a launch event recently, Aloun Ndombet-Assamba, chairman of Oriole—a Jamaican and European consortium, said that the set up will be an integrated aviation business based on a bold strategic vision. “I knew from the time when I was minister of tourism that Jamaica […]
Delta Air Lines has completed its purchase of a 20% stake in LATAM, culminating in an aviation 2019 deal. LATAM is a member of Oneworld and an associate of Delta’s arch-rival, American Airlines. The deal is putting that relationship in jeopardy. The Delta/LATAM deal was part of a wider strategy by Delta Air Lines to make equity investments in key […]
Delta Airlines has announced that it will end its service between Atlanta and Port-au-Prince, Haiti after the last flight on Jan. 9, 2020. The Atlanta-based carrier said it will re-accommodate passengers or offer refunds to customers with flights booked on the route after that date. The airline has served Port-au-Prince since 2009 when it began flights between the Haitian capital […]
According to the Minister of Transport and Mining, Robert Montague, Jamaica will soon have a domestic airline operating. “Having a domestic airline is one of my objectives because I believe that ordinary Jamaicans should have an option of taking… air transport, so I have it as one of my priorities,” the Minister said. He stated that discussions were already taking […]
