Aviation

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 ...

BLOOMBERG Alaska Air Group Inc shares sank after it said it would acquire Hawaiian Holdings Inc for $1.9 billion in cash and debt, in the latest attempt to consolidate the US aviation industry despite regulatory headwinds. Alaska shares fell as much as 19% in New York on December 4. Shares of Hawaiian rose as high as $14.20, almost tripling after ...

BLOOMBERG Rolls-Royce Holdings Plc set ambitious medium-term targets of higher cash flow and return on capital as Chief Executive Officer Tufan Erginbilgic takes his turnaround effort at the UK engine maker to the next phase. The company expects to achieve operating profit of as much as £2.8 billion ($3.5 billion) and free cash flow of as much as £3.1 billion ...

BLOOMBERG Four of the US’s five largest airlines are squaring off in a debate roiling the domestic aviation industry over the regulation of so-called public charter flights. The issue has come to a head over the rapid growth of charter operators like Dallas-based JSX that compete with regularly scheduled flights from smaller, private terminals without long security and boarding lines. ...

BLOOMBERG The US crackdown on airline consolidation faces a new test with the trial of a government lawsuit claiming the $3.8 billion takeover of Spirit Airlines by JetBlue Airways would reduce competition and boost fares for passengers. While investors consider approval of the deal to be a long shot, the trial set to start on Tuesday before a federal judge ...

BLOOMBERG Southwest Airlines Co said it has forged a two-decade agreement to buy as much as 680 million gallons of renewable jet fuel, part of the US carrier’s goal of slashing climate-polluting emissions. The sustainable aviation fuel (SAF) will be sold by Arizona-based USA BioEnergy LLC starting as early as 2028, Southwest said in a statement. USA BioEnergy is working ...

BLOOMBERG Two out-of-production Airbus SE and Boeing Co jet series have become hot commodities, with plane values and monthly lease rates soaring for airlines fortunate enough to procure the aircraft. Used Boeing 737NG and Airbus A320ceo single-aisle models are now valued at about $20 million or more, according to analysts at Ishka, which specialies in aircraft pricing and valuation. The ...

BLOOMBERG American Airlines Group Inc topped Wall Street’s expectations for third-quarter profit even as its forecast for the rest of the year fell short, underscoring the choppy environment as carriers are battered by climbing jet fuel prices. Adjusted full-year earnings will be between $2.25 and $2.50 a share, compared with its earlier outlook for as much as $3.75, American said ...