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The world's largest in terms of revenue airline, American Airlines Group, reported that it would cut 11 international routes in late 2018 - early 2019 to reduce costs. As reported by the International Air Transport Association (IATA), jet fuel since the beginning of 2018 has risen in price by more than 30% following the increase in oil prices. Against this background, all major US airlines earlier announced plans to introduce fewer new routes this year, and also pointed to the possibility of the increase in ticket prices. Among the flights that will be canceled by American Airlines, are flights Chicago - Shanghai, Philadelphia - Munich and Los Angeles - Toronto.
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
On Monday, United Airlines (UAL.O) announced that it would continue adding more flights for international routes in September. The airline company plans to reintroduce flights that were canceled due to coronavirus pandemic. United Airlines ...
On Sunday, American Airlines Group Inc. (AAL) said that it is planning to raise as much as $3.5 billion from stock and notes offerings, as the ailing U.S. carrier grapples with the financial fallout of the travel restrictions caused by the ...
On Tuesday, the International Air Transport Association (IATA) announced that international airlines are in line to make a combined net loss of more than $84 billion this year due to the coronavirus crisis which has decimated air travel demand. According ...
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