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Published on 01:25 GMT

LIFT and FlySafair respond to price gouging allegations during the holiday season

In the wake of the Covid-19 pandemic, South African airlines LIFT and FlySafair are sounding the alarm over the financial pressures they face, as soaring operational costs collide with the high demand of the festive travel season. In response to a …

Source: IOL - Uncategorized
Published on Dec 11, 2024

Global airlines forecast $1tn 2025 revenue despite plane shortage

Image by GIUSEPPE CACACE/ Getty Images Global airlines body IATA forecast industry-wide 2025 revenue of more than a trillion dollars and record passenger numbers, despite what its chief Willie Walsh said on Tuesday were “unacceptable” difficulties in …

Source: Gulf Business - Neutral
Published on Dec 11, 2024

IATA expects five billion passengers and $1 trillion in airline revenue in 2025

The International Air Transport Association (IATA) has announced its financial outlook for the global airline industry in 2025 which forecasts a strengthening of profitability and further rises in annual passenger traffic figures which will breach the five …

Source: AeroTime News - Neutral
Published on Dec 11, 2024

Planes powered by corn? Michigan could spur airlines toward greener fuels

LANSING, MI - Could corn and other crops grown in Michigan eventually find their way into the fuel tanks of passenger jets taking off from the state’s airports? Some Michigan lawmakers hope so. They’re pushing legislation that proponents say could cut …

Source: Michigan Local News - Neutral
Published on Dec 11, 2024

US Airlines Set To Fly High In 2025, Analyst Says: 'Perfect Storm Of Tailwinds' Will Propel Industry Gains

The U.S. airline industry is gearing up for a blockbuster year in 2025, Morgan Stanley analysts say, predicting airline companies on the brink of what could be a “perfect storm of tailwinds that essentially propels the industry to make money.” Equity …

Source: Benzinga - Neutral
Published on Dec 11, 2024

This major bank says the IAG share price is too cheap at 6.7x earnings

The IAG (LSE:IAG) share price has outpaced the FTSE 100 in 2024. The British Airways owner is up almost 80% over 12 months, representing a major win for shareholders. But there are plenty of analysts that say this stock should be trading higher. While IAG …

Source: The Motley Fool - Neutral
Published on Dec 11, 2024

US consumer prices see biggest jump in 7 months, but rate cuts likely to continue

In November, US consumer prices increased by 0.3%, marking the largest monthly gain in seven months, according to the Labor Department’s Bureau of Labor Statistics. This is a notable jump from the steady 0.2% increases seen over the previous four months. …

Source: Financial Express - Neutral
Published on Dec 11, 2024

Inside the Consumer Price Index: November 2024

Let’s do some analysis of the Consumer Price Index, the best-known measure of inflation. What does inflation mean at the micro level — specifically to your household? The Bureau of Labor Statistics (BLS) divides all expenditures into eight categories and …

Source: ETF Trends - Neutral
Published on Dec 11, 2024

Airlines are nickel and diming travellers, but the real culprit is the government

Open this photo in gallery:Canada fares poorly on the global stage in terms of government-imposed ticket taxes and fees (both of which are outside the purview of airlines). A sign for Air Canada's carry on luggage allowance at Montreal-Pierre Elliott …

Source: The Globe and Mail - Neutral
Published on Dec 11, 2024

Air Canada buys 'low carbon' jet fuel from B.C. refinery

Parkland's Burnaby Refinery has announced that Air Canada has bought a batch of "low carbon aviation fuel" made from non-food grade canola and tallow. Parkland said it has produced about 100,000 litres of the fuel using existing …

Source: CBC/Radio-Canada - Public Broadcaster
Published on Dec 11, 2024

Brent crude oil price drop aids airline industry profits, IATA report shows

The global airline industry is poised to see significant financial improvements, thanks to a 20% drop in Brent crude oil prices over the last year, IATA said in its semi-annual report on the airline industry. This price decrease is attributed to an …

Source: Investing - Neutral
Published on Dec 11, 2024

Global Crossing Airlines Announces Director Resignation

MIAMI, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (Cboe CA: JET, Cboe CA: JET.B, OTCQB: JETMF) (the “Company” or “GlobalX”), the Nation's fastest growing charter airline, today announced that Mr. Paul Martins has tendered …

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Published on Dec 11, 2024

Supply Chain Issues to Negatively Impact Airline Performance into 2025

Mariakray AdobeStock_178549802 The International Air Transport Association (IATA) expects severe supply chain issues to continue impacting airline performance into 2025, raising costs and limiting growth. “Supply chain issues are frustrating every airline …

Source: Supply & Demand Chain Executive - Label Pending
Published on Dec 10, 2024

Burnaby oil refinery produces Canada's first test run of low-carbon jet fuel

Fuel producer and distributor Parkland Corp. has completed a test run of refining what it claims is Canada’s first batch of low-carbon jet fuel using non-petroleum oils at its Burnaby facility, the company said Tuesday. Article content Parkland used the …

Source: Vancouver Sun - Neutral
Published on Dec 11, 2024

Low Cost Airlines Market Growing at 5.7% CAGR to Hit USD 543.1 Billion by 2034 | Growth, Company Profiles

WILMINGTON, DE, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- Allied Market Research published a report, titled, "Low Cost Airlines Market by Purpose (Leisure Travel and Visiting Friends & Relatives (VFR), Business Travel), and …

Distribution channels: Aviation & Aerospace Industry, Business & Economy ...
Published on Dec 10, 2024

Air Canada planes using new canola-based fuel from Parkland’s B.C. refinery

Open this photo in gallery:Canada has produced its first batch of low-carbon aviation fuel made from non-food grade canola and tallow.DARRYL DYCK/The Canadian Press Parkland Corp. began pumping jet fuel made from canola and animal fats into Air Canada …

Source: The Globe and Mail - Neutral
Published on Dec 11, 2024

Airlines expect record passengers in ’25

The global airline industry stands to earn $36.6 billion in net income in 2025, driven by a record 5.2 billion passengers taking to the skies, the industry's top lobby group said in its annual forecast. The outlook represents a 16% gain on 2024 figures …

Source: Arkansas Democrat Gazette - Center-right
Published on Dec 11, 2024

Airline industry poised to surpass US$1 trillion despite delays

Picture courtesy of Joy Presbitero, Unsplash The global airline industry anticipates surpassing US$1 trillion in revenue due to record passenger numbers, despite facing significant challenges in acquiring new aircraft, according to the International Air …

Source: Thaiger - Neutral
Published on Dec 11, 2024

Korean Air completes W1.8tr merger with Asiana Airlines after 4 years

Korean Air is set to finalize its long-awaited 1.8 trillion won ($1.4 billion) merger with Asiana Airlines Thursday, marking a pivotal moment in the country's aviation industry landscape. On Wednesday, Korean Air completed payments for Asiana shares to …

Source: Korea Herald - Neutral

21 days 08:07:32

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Published on December 11, 2024 - 09:23 GMT

Low Cost Airlines Market Growing at 5.7% CAGR to Hit USD 543.1 Billion by 2034 | Growth, Company Profiles

WILMINGTON, DE, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- Allied Market Research published a report, titled, "Low Cost Airlines Market by Purpose (Leisure Travel and Visiting Friends & Relatives (VFR), Business Travel), and …

Distribution channels: Aviation & Aerospace Industry, Business & Economy ...
Published on December 11, 2024 - 12:30 GMT

Global Crossing Airlines Announces Director Resignation

MIAMI, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (Cboe CA: JET, Cboe CA: JET.B, OTCQB: JETMF) (the “Company” or “GlobalX”), the Nation's fastest growing charter airline, today announced that Mr. Paul Martins has tendered …

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Published on December 10, 2024 - 17:00 GMT

China Airlines Wins Triple Crown at APEX Awards

Taiwan-based carrier honored as a Five Star Global Airline with Best Food & Beverage and Best Wi-Fi Services. LOS ANGELES, CA, UNITED STATES, December 10, 2024 /⁨EINPresswire.com⁩/ -- The run of success at China Airlines, a Taiwan-based …

Distribution channels: Travel & Tourism Industry ...
Published on December 10, 2024 - 14:00 GMT

Amerijet International Airlines 50th Anniversary

Miami, FL, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Amerijet International Airlines proudly marks its 50th anniversary in December 2024. Founded in 1974 by David Bassett, the company began with humble beginnings, operating as a Part 135 air-taxi operator with a …

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Published on December 7, 2024 - 22:39 GMT

Caribbean Airlines Brings the Region Closer with New Service to Guadeloupe

Piarco, Dec. 07, 2024 (GLOBE NEWSWIRE) -- Caribbean Airlines announces the start of its new service to the French island of Guadeloupe, marking a significant milestone in the airline’s commitment to enhancing regional connectivity. This new route, …

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Published on December 10, 2024 - 22:43 GMT

Fleet Expansion and Modernization: Saudia Introduces Major Upgrades and Strategic Partnerships to Support Vision 2030 ...

JEDDAH, Saudia Arabia, Dec. 10, 2024 (GLOBE NEWSWIRE) -- “Saudia,” the national flag carrier of Saudi Arabia, is proud to announce another year of significant fleet expansion and modernization. Over the past two years, the airline introduced several …

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Published on December 7, 2024 - 02:00 GMT

SOUTHWEST AIRLINES ALERT: Bragar Eagel & Squire, P.C. is Investigating Southwest Airlines Co. on Behalf of Long-Term ...

NEW YORK, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Southwest Airlines Co. (NYSE: LUV) on behalf of long-term stockholders following a …

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Published on December 11, 2024 - 12:30 GMT

ASAP Semiconductor Expands Repair Station Product Offerings on Complete Sourcing Solutions to Address Increasing Demand

ASAP Semiconductor announces plans to expand product offerings on its website, Complete Sourcing Solutions, in an effort to address repair station demand. ANAHEIM, CA, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- ASAP Semiconductor, a …

Distribution channels: Aviation & Aerospace Industry, Electronics Industry ...

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This is a listing of the world’s TV stations, radio stations, newspapers, and blogs. Last update: 11/19/2024

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Published on December 12, 2024 - 00:49 GMT

Radcliff Wire Appoints New Vice President of Sales & Marketing

Tom Herd has joined Radcliff Wire as vice president of sales and marketing, effective immediately. He replaces Scott Kirkpatrick, who retired earlier this year. BRISTOL, CT, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- Tom Herd has …

Distribution channels: Automotive Industry, Aviation & Aerospace Industry ...
Published on December 11, 2024 - 22:41 GMT

Websnoogie Announces Local Business Support Initiative For Nebraska

Websnoogie boosts Nebraska web hosting, empowering local businesses with tailored solutions and community support. OMAHA, NE, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- Websnoogie's Has is Now Offering a Local Business Support …

Distribution channels: Agriculture, Farming & Forestry Industry, Automotive Industry ...
Published on December 11, 2024 - 21:46 GMT

Amalfi Jets Launches "Holiday Complaint Workshop" Promotion with $2,500 Flight Credit and Free Amalfi Merchandise

Amalfi Jets, a premier private jet charter company, is excited to announce the launch of its Holiday Complaint Workshop promotion, running through December LOS ANGELES, CA, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- Amalfi Jets, a …

Distribution channels: Aviation & Aerospace Industry, Business & Economy ...
Published on December 11, 2024 - 18:52 GMT

AUVSI Announces Green UAS Certification for Four Drone Platforms

UAS platforms added to Green UAS list maintain proof of NDAA compliance. ARLINGTON, VA, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- The Association for Uncrewed Vehicle Systems International (AUVSI) today announced that it has …

Distribution channels: Aviation & Aerospace Industry, International Organizations ...
Published on December 11, 2024 - 18:40 GMT

Top International Award for RNT Foundation's Goward

International navigation group recognizes one person every three years ALEXANDRIA, VA, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- The Resilient Navigation and Timing Foundation board of directors is pleased to announce the foundation …

Distribution channels: Aviation & Aerospace Industry, IT Industry ...
Published on December 11, 2024 - 18:36 GMT

ANGUILLA TOURIST BOARD UNVEILS WHAT’S NEW IN ANGUILLA FOR 2025

For A Small Island, There’s A Lot To Discover In Anguilla in 2025 THE VALLEY, ANGUILLA, December 11, 2024 /⁨EINPresswire.com⁩/ -- The Caribbean island of Anguilla Territory, renowned for its powder-white beaches, exciting culinary scene and …

Distribution channels: Aviation & Aerospace Industry, Business & Economy ...
Published on December 11, 2024 - 18:13 GMT

Jet Set Pets Unleashes the Ultimate Guide to Pet-Friendly Savannah, GA

New destination guide highlights pet-friendly hotels, restaurants, parks, and activities in Savannah, GA, organized by detailed pet-related filters. ST PETERSBURG, FL, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- Jet Set Pets, a …

Distribution channels: Aviation & Aerospace Industry, Culture, Society & Lifestyle ...
Published on December 11, 2024 - 17:56 GMT

Houston to host key hydrogen summit as industry faces new political landscape

LONDON, UNITED KINGDOM, December 11, 2024 /⁨EINPresswire.com⁩/ -- The hydrogen industry in North America is entering a phase of unprecedented uncertainty. The outcome of the U.S. presidential election presents a unique set of challenges and …

Distribution channels: Aviation & Aerospace Industry, Banking, Finance & Investment Industry ...
Published on December 11, 2024 - 17:54 GMT

New Paradigm Institute Launches National Call to Action for Transparency and Accountability Over Unexplained 'Drones'

Campaign to demand transparency and accountability for the unexplained and mysterious objects repeatedly appearing over U.S. military installations and cities. WASHINGTON, DC, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- The New …

Distribution channels: Aviation & Aerospace Industry, Military Industry ...
Published on December 11, 2024 - 17:54 GMT

AV8 Realty Expands to Spruce Creek Fly-In (7FL6), Welcoming Managing Broker Dave Scheidl

AV8 Realty: The Pioneering Online Platform Transforming Aviation Real Estate PORT ORANGE, FL, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- Florida, 12/11/24– AV8 Realty, the premier aviation real estate brokerage, is thrilled …

Distribution channels: Aviation & Aerospace Industry, IT Industry ...
Published on December 11, 2024 - 17:42 GMT

Instant Innovation: Prototek Launches AI-Powered CNC Instant Quote Platform

CONTOOCOOK, NH, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- The leader in custom manufacturing solutions, Prototek, is adding to their cutting-edge Instant Quoting platform, this time for CNC projects. Launching on December 11, the …

Distribution channels: Automotive Industry, Aviation & Aerospace Industry ...
Published on December 11, 2024 - 17:30 GMT

World’s First AI-Powered Hyper-Definition Radar

NPS Delivers Crystal-Clear Visibility Enabling Automakers to Meet Growing Consumer Expectations for Safety, Convenience and Performance at a Reasonable Cost PLEASANTON, CA, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- Neural Propulsion …

Distribution channels: Automotive Industry, Aviation & Aerospace Industry ...
Published on December 11, 2024 - 17:26 GMT

PowerLight Technologies Selected by CENTCOM to Deliver Prototype Wireless Power Beaming to Group-2 UAS Solution in 2025

PowerLight announces DOD awards to accelerate transition of power beaming to extend range, operational endurance, and payload capacity of UAS platforms. KENT, WA, WA, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- December 9, 2024, Kent, …

Distribution channels: Aviation & Aerospace Industry, Manufacturing ...
Published on December 11, 2024 - 17:13 GMT

ecfirst Prepares to Launch CMMC Assessments as Final Rule Takes Effect

World’s First CMMC Playbook Demonstrates ecfirst Commitment for Client Success WAUKEE, IA, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- ecfirst, Iowa’s first and America’s 52nd Cybersecurity Maturity Model Certification (CMMC) Third …

Distribution channels: Aviation & Aerospace Industry, Companies ...
Published on December 11, 2024 - 17:01 GMT

Aircraft Interface Device Market Navigating Business with CAGR of 9.3% with Revenue of $368.9 million by 2030

By connectivity, the wireless segment is expected to register a significant growth during the forecast period. WILMINGTON, DE, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- The global aircraft interface device market was valued at $163 …

Distribution channels: Aviation & Aerospace Industry, Business & Economy ...
Published on December 11, 2024 - 17:01 GMT

Inspection Drones Market is likely to grow at a CAGR of 16.4% through 2031, reaching US$ 8.6 billion

By operation mode, the fully autonomous segment is anticipated to exhibit significant growth in the near future. WILMINGTON, DE, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- The inspection drones market was valued at $1.9 billion in …

Distribution channels: Aviation & Aerospace Industry, Business & Economy ...
Published on December 11, 2024 - 16:44 GMT

Tethered Drone Market Set to Reach USD 404.9 million by 2031, With a Sustainable CAGR Of 4.9%

Increase in competition with aerial imagery and privacy & security concerns hinders the growth of the market across the globe WILMINGTON, DE, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by …

Distribution channels: Aviation & Aerospace Industry, Business & Economy ...
Published on December 11, 2024 - 16:05 GMT

Celebal Tech Announces Collaboration with Microsoft to Accelerate Energy AI Solutions

UNITED KINGDOM, December 11, 2024 /⁨EINPresswire.com⁩/ -- Celebal Tech Announces Collaboration with Microsoft to Accelerate Energy AI Solutions Celebal Technologies Pvt Ltd, a consulting and solutions firm today announced a strategic …

Distribution channels: Agriculture, Farming & Forestry Industry, Automotive Industry ...
Published on December 11, 2024 - 16:00 GMT

USD 18.1 Billion Satellite Antenna Market Value Cross by 2033

The satellite antenna market was valued at $2.8 billion in 2020, and is estimated to reach $18.1 billion by 2033, growing at a CAGR of 13.2% from 2023 to 2033. WILMINGTON, DE, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- Allied Market …

Distribution channels: Aviation & Aerospace Industry, Business & Economy ...
Published on December 11, 2024 - 15:28 GMT

Military Simulation and Training Market Size to Exceed USD 20.9 billion By 2033 | CAGR of 5.2%

The aviation segment Is the highest revenue contributor in military simulation and training market share during the forecast period 2024-2033. WILMINGTON, DE, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- The global military …

Distribution channels: Aviation & Aerospace Industry, Business & Economy ...