A global rebound in air travel has brought pilots back to work after a pandemic-induced slump, but many men and women in the cockpit have concerns over salary, a survey on Thursday said. More than half of pilots have not had a salary increase for five years, according to the global survey by aviation industry…
United Airlines Expects to Quadruple Profit in 2023
CHICAGO—United Airlines Holdings on Tuesday forecast at least a four-fold jump in full-year profit for this year and reported fourth-quarter earnings that topped Wall Street estimates on robust travel demand, sending its shares higher. The Chicago-based carrier sees an adjusted profit of $10 to $12 per share for 2023, up from $2.52 per share last…
American Airlines Boosts Outlook After Busy Holiday Season
DALLAS—American Airlines raised its forecast of fourth-quarter revenue and profit Thursday, boosted by higher fares and full planes capped off with a busy holiday travel period. American earned $1.12 to $1.17 per share in the fourth quarter, nearly double its previous forecast. Revenue was 16 percent to 17 percent above the same quarter in 2019,…
New Pilot Contracts to Drive Up Costs at US Airlines
U.S. airline profits are set to come under pressure in 2023 as they look to shell out more cash to retain pilots amid worries about the impact of a potential recession on travel demand. Major carriers such as United Airlines Holdings Inc., American Airlines Group Inc., Delta Air Lines Inc., and Southwest Airlines Co. have…
Why the FAA System Failure Stopped Air Traffic
The Federal Aviation Administration’s (FAA) Notice to Air Missions (NOTAM), made headlines early on Jan. 11 when the system went down, causing a nationwide grounding of flights in the United States. The NOTAM system provides pilots and other aviation professionals with information about potential hazards or disruptions to flight operations. NOTAMs are used to communicate information…
Rex Murphy: The Vagaries of Air Travel in Today’s Canada
Commentary Have you heard of Alice in Wonderland? Have you perhaps read it? No need. It has been replicated on a very recent flight—West to East in Canada, and I here offer its themes. The dialogue here is my own, but it accurately captures an actual incident on a real flight. A traveller on one…
Airlines Waiving Change Fees Ahead of Winter Storm
The National Weather Service (NWS) is warning about an “Arctic Blast,” across much of the United States that could cause blizzard-like conditions and as a result, many airlines across the country have begun waiving change fees. According to the NWS, beginning on Dec. 22 and ending on Dec. 25, there is an advanced risk for…
Rex Murphy: The Miseries and Indignities at Canada’s Airports When Things Don’t Go as Planned
Commentary I know the world is awash with conflict, anxiety, mad leaders, bad leaders, economic turmoil—huge crises of every sort. As Hamlet’s Claudius said of sorrows, we may say of the desperate troubles of our time: they come not single spies, but in battalions. Most of these are out of the range of most people…
EU Agrees Law to Make Airlines Pay More for Carbon Dioxide Emissions
BRUSSELS—The European Union reached a deal in the early hours of Wednesday on a law to increase the price that airlines have to pay when they emit carbon dioxide. Airlines running flights within Europe currently have to submit permits from the EU’s carbon market to cover their carbon dioxide emissions, but the EU gives them…
Airlines See Return to Profit in 2023, Clash With Airports
GENEVA—Global airlines are predicting their first industry-wide profit since 2019 next year as air travel rebounds from COVID-19 restrictions, while a new war of words erupted with airports on Tuesday over rising air fares and ground charges. Airlines lost tens of billions of dollars in 2020 and 2021 due to the pandemic, but air travel…
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