Lufthansa Group has gained European Commission approval to acquire a 41% stake in ITA Airways for €325 million, paving the way for full ownership by 2025. This deal will make ITA Airways Lufthansa’s fifth network airline, strengthen its position in the Italian market, and expand its reach to new destinations in Africa and Latin America.
Scapia reports a surge in bookings for visa-free destinations, with Southeast Asia emerging as a top choice for both group and solo travelers. The travel industry is rebounding from the pandemic, with global passenger numbers expected to reach pre-COVID levels and beyond.
With record-breaking travel numbers expected this summer, the airline industry faces significant challenges leading to potential flight disruptions. This article provides practical advice on navigating delays and cancellations, including planning for flexibility, understanding your rights, and utilizing helpful resources like apps and travel insurance.
Mesa Air Group announced strong second-quarter fiscal 2024 results, driven by a restructuring effort that improved operations and profitability. The company achieved its first GAAP and adjusted net profits in 11 quarters, along with a significant reduction in debt. Mesa attributes these positive developments to its transition toward higher-margin Embraer E-175 aircraft and a strengthened pilot pipeline.
Despite projected industry profits, travelers remain vulnerable to scams targeting their itineraries. The Better Business Bureau (BBB) has documented numerous instances of fake flight-cancellation alerts and other deceptive tactics aimed at consumers seeking affordable online flight deals. Scammers often imitate well-known airlines, luring victims into providing personal and financial information. To protect yourself from these scams, stay vigilant and follow the BBB’s recommended tips.
Air New Zealand has recently dropped to fourth place in the Airline Excellence Awards, a significant shift that has reverberations for tourists, travelers, and the airline industry. The airline’s decline in ranking and the introduction of increased baggage fees will impact various aspects of the travel and tourism landscape.
American Airlines Group Inc. announced that Vasu Raja, Executive Vice President and Chief Commercial Officer, will leave the airline in June. Raja has held this position since April 2022, playing a pivotal role in shaping the airline’s commercial strategies and operations. Stephen Johnson, Vice Chair and Chief Strategy Officer, will lead the Commercial organization until a new Chief Commercial Officer is appointed.
Copa Airlines, S.A. (NYSE: CPA) today announced its financial results for the first quarter of 2024. The company reported a net income of $123.1 million, an increase of 32.5% compared to the first quarter of 2023. Total operating revenues increased by 27.6% to $700.8 million, primarily driven by a 26.2% increase in passenger revenue.
Andrew Levy, Founder, Chairman, and CEO of Avelo Airlines, has been named a finalist for the 2024 Entrepreneur Of The Year® Gulf South Award, recognizing his leadership and the airline’s impressive trajectory since its launch in 2021.
American Airlines announces route adjustments for late 2024 and early 2025 due to delays in Boeing 787 deliveries. Affected customers will receive alternative travel options. Despite the adjustments, American Airlines emphasizes that it will maintain service to all current destinations and operate 55 international long-haul routes during the winter season.
