Thai Airways entered the game with a brand new Royal Silk Class for its next move. This is not just an upgrade, it's a whole new experience for the customers. Imagine this: You're flying domestically or regionally in Thailand or Southeast Asia, and you're treated to 12 premium seats with adjustable headrests and legroom in a 2-2 setup. You feel like...
American Airlines recently announced its first-quarter earnings outlook, and it’s not what Wall Street was hoping for. The airline expects a bigger loss than expected, with a forecast of 20 to 40 cents per share, which is quite a bit more than the 4 cents analysts were bracing for. The reason? Lower demand and higher fuel prices. Plus, American Airlines expects unit ...
Cryptocurrencies are hot right now, with many coins seeing a significant increase in value. However, investors should be cautious. Understanding how cryptocurrencies work is crucial before investing. Plus, you can invest in crypto without actually owning it. What are some key rules to keep in mind? One expert suggests that generative AI is the most human-like innova...
Get ready to catch some Zs in the skies! Riyadh Air, the newest Saudi Arabian airline, is rolling out flatbed business class suites on its upcoming Airbus A321neo jets. Starting from mid-2025, these fancy digs will join the already luxurious 'Mercedes Maybach' business class on their 787 aircraft. CEO Tony Douglas has a game plan for these new planes. For the first ...
Spirit Airlines’ stock prices have skyrocketed by over 15% following the announcement of significant cost-cutting measures. These measures include the sale of 23 older Airbus aircraft, expected to generate a whopping $519 million. Additionally, the budget airline plans to slash jobs to save around $80 million in expenses. This move comes as the airline continues...
The recent announcement by Southwest Airlines to revamp its business plan has sparked controversy, with activist hedge fund Elliott Investment Management criticizing the airline's leadership. The fund, led by billionaire Paul Singer, has been pushing for a management shakeup, citing the airline's sagging fortunes and lack of industry expertise on its board. Elliott ...
As Alaska Airlines embarks on its new journey with the acquisition of Hawaiian Airlines, the airline is shaking up its cargo division with a fresh set of leaders. Ian Morgan, a seasoned industry veteran, has been appointed as the vice president of cargo at Alaska Airlines. Morgan brings decades of experience working with large international cargo airlines, having spe...
WestJet has recently transitioned its freighter aircraft business model, choosing to offer charter services to other airlines and logistics companies instead of operating scheduled cargo flights. This shift follows a decision to discontinue scheduled cargo service due to weak demand. The airline's cargo division has been promoting its charter service in North America...