Jay Shabat

Air France-KLM isn’t kidding. It wants to participate in industry consolidation, as it’s emphasized repeatedly in recent earnings calls. Now it’s putting some money where its mouth is, striking a…

Greece’s Aegean Airlines, coming off a strong summer season, unveiled its winter flight schedule this week. It features 18 new routes versus what it offered last winter, spread across 14…

It’s so hard to say goodbye. The third quarter of 2023 is coming to an end, leaving mostly good memories for the global airline industry. It wasn’t all fun and…

Viva Aerobus, a low-cost airline in Mexico, has announced six new routes to the U.S. from Monterrey, its busiest airport. The move follows the long-anticipated U.S. government decision to upgrade…

Time to try again. Selling TAP Air Portugal is hardly new and novel for the Portuguese government. It once sold a stake to the old Swissair. It more recently sold…

TUI is bullish winter travel demand with bookings exhibiting “positive momentum," the European travel conglomerate said Thursday. The outlook comes after summer bookings came in well ahead of last summer's…

Can you hear the alarm bells ringing? Spirit and Frontier, two ultra-low cost carriers, delivered shockingly bad news to investors last week. The third quarter has developed far worse than…

Spirit Airlines delivered an extremely bearish message to investors this week, warning of a steep operating loss in the quarter that ends this month.

The leaves are still green across most of the U.S. But how long will U.S. airlines stay in the black?

Greece’s Aegean Airlines, riding a wave of inbound tourism, reported an 18% operating margin for the April-to-June quarter. That was just a point less than what Europe's profit champion Ryanair…