Aviation

BLOOMBERG The US Department of Transportation (DOT) fined Southwest Airlines Co $140 million for violating consumer protection laws, nearly a year after a late December meltdown of its operations during a storm stranded more than 2 million passengers. The DOT said the penalty is 30 times larger than any other consumer protection violation fine it’s issued. Most of the money ...

BLOOMBERG China displayed its aircraft-manufacturing credentials by conducting a flyby of Hong Kong’s Victoria Harbour with a domestically made passenger plane designed to take on Airbus SE and Boeing Co narrowbodies. Commercial Aircraft Corp of China Ltd, the official name of planemaker Comac, flew its C919 jet around the harbor in two loops on Saturday morning, going as low as ...

BLOOMBERG Indian carrier SpiceJet Ltd reported a net loss of 4.32 billion rupees ($52 million) for the three months through September, ending a run of three quarters of profits as more than a third of its planes were grounded. Second-quarter revenue fell 27% from a year earlier to 14.3 billion rupees, while total costs fell by the same amount to ...

BLOOMBERG Another Indian airline backed by a billionaire is on the brink of shutting down for good, having tried and so far failed to attract a savior after entering bankruptcy protection in May. Go Airlines India Ltd’s chances are fading. Chief Executive Officer Kaushik Khona quit at the end of November, saying he couldn’t get the carrier flying again and ...

BLOOMBERG Boeing Co delivered 46 of its 737 family jets in November, its largest such tally in five months, leaving the manufacturer just 24 aircraft short of its revised annual target. The US planemaker has stepped up its delivery tempo as it streamlines inspections of a supplier defect in some 737 Max models and works to clear already built aircraft ...

BLOOMBERG Air France-KLM jumped the most in nine months in Paris trading after the airline group promised profitability beyond its current target. The operating margin will exceed 8% between 2026 and 2028, the Franco-Dutch airline group said on Thursday in a statement ahead of a meeting with investors. The goal compares with a medium-term prediction of a margin of 7% ...

BLOOMBERG Southwest Airlines Co kept its year-end outlook largely intact despite stronger-than-expected holiday travel, unsettling investors who had been anticipating a bigger boost. The carrier slightly raised the low end of its fourth-quarter revenue forecast while keeping projections for non-fuel costs and flight capacity unchanged. Fuel expenses will be as much as $3.10 a gallon in the period, Southwest said ...

BLOOMBERG Southwest Airlines Co has slashed its advertising dollars on X as the carrier increasingly interacts with customers outside of social media. “Our spend is down significantly,” Chief Executive Officer Bob Jordan said in an interview, adding that the pullback extends to other platforms besides X. “We are in the middle of evaluating that right now.” The shift is noteworthy ...

BLOOMBERG Thai Airways International Pcl is leaning toward awarding a winner-take-all widebody jet deal to Boeing Co after a rival offer by Airbus SE was thwarted by a stalemate with a key partner. Boeing is closing in on a sale of as many as 80 of its 787 Dreamliners in a mix of firm orders, options and purchase rights that ...

BLOOMBERG China’s domestically manufactured Comac C919 aircraft will fly outside the mainland for the first time this week and head to Hong Kong, where it will conduct a low-altitude flyby over the city’s Victoria Harbour on December 16. The C919, a single-aisle jet that has similar passenger capacity to narrowbody planes produced by Boeing Co and Airbus SE, will go ...