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AL News30 articles
Berkshire Hathaway Returns to Airlines with $2.65 Billion Delta Stake
Berkshire Hathaway has taken a $2.65 billion stake in Delta Air Lines, returning to airline stocks after exiting in 2020. The investment comes as Delta faces higher fuel costs and reduced growth plans.
American Airlines Adds Football Seats, Faces Fuel Headwinds
American Airlines is adding over 23,000 seats on more than 80 routes for football travel, but high fuel costs and debt continue to challenge its bottom line.
Warsh Confirmed as Fed Chair Amid Stubborn Inflation, Rate Cut Bets Fade
Kevin Warsh wins Senate confirmation as Fed chair as April inflation data (CPI +3.8% YoY, PPI +6.0% YoY) complicates rate cut outlook; markets now see 71% chance of no cuts in 2026.
Allegiant Travel Closes Sun Country Acquisition, Creates Combined Airline
Allegiant Travel has completed its acquisition of Sun Country Airlines, creating a combined carrier with 195 aircraft and nearly 175 destinations.
Delta Flight to Lagos Returns to Atlanta After Eight-Hour Airborne Issue
Delta Flight DL54 from Atlanta to Lagos turned back over the Atlantic after nearly eight hours, citing an operational issue, canceling the return flight and stranding passengers.
American Airlines Prepares for Record Summer Travel Amid Rising Fuel Costs
American Airlines expects to carry 75 million passengers this summer, surpassing its 2019 record, but faces sharply higher fuel costs and reported a $382 million net loss in Q1.
Jet-Fuel Shortage Looms Over Summer Travel, Airlines Face Rising Costs
A jet-fuel shortage threatens summer travel as European reserves tighten, prompting airlines to cut seats and prepare emergency plans. IAG shares drop 3% on profit warning.
Air Canada Scraps Four US Routes Early as Fuel Costs Surge
Air Canada is ending four seasonal US routes early this summer, citing high jet fuel costs. The airline also withdrew its 2026 financial outlook.
Spirit Airlines Grounding Offers Temporary Relief for Pratt & Whitney Engine Shortage
Spirit Airlines' grounded A320neo fleet is releasing Pratt & Whitney GTF engines into a tight spare market, offering temporary relief for airlines. However, lease rates remain high and delays persist.
Coca-Cola Chairman Quincey Files to Sell $15.7M in Stock After 15% Rally
Coca-Cola Chairman James Quincey filed to sell 200,000 shares valued at $15.7 million, following a 15% stock gain this year. The company recently raised its earnings outlook.
Grassroots Effort to Rescue Spirit Airlines Faces Liquidation Reality
A social media campaign to buy Spirit Airlines has raised $132 million in non-binding pledges, but bankruptcy liquidation is already underway, with assets being sold off.
Airbnb Lifts 2026 Revenue Forecast as Q1 Bookings Surge Amid Middle East Conflict
Airbnb raised its 2026 revenue forecast after Q1 bookings surged 19%, with revenue up 18% to $2.68B. Net income of $160M missed estimates, but strong Americas demand offset Middle East conflict impact.
Unity's AI Ad Engine Drives Revenue Growth, But Impairment Charge Weighs on Earnings
Unity Software posted a 17% revenue increase in Q1 2026, fueled by its AI-powered ad engine, but a $279 million impairment charge widened its net loss to $347 million.
Publix Executive Chairman Todd Jones Steps Down, Retains Board Role
Publix executive chairman Todd Jones retires from the post after 46 years, remaining as board chairman. Q1 sales rose 2% to $16.1B, but net earnings dropped 21.5%.
Alaska Air $500M Debt Sale Highlights War-Driven Fuel Cost Squeeze
Alaska Air Group issued $500M in senior notes to offset soaring jet fuel costs caused by the Iran war, joining American and JetBlue in tapping debt markets.
Joby Aviation Soars 18% on Q1 Revenue Beat, 2026 Air Taxi Plans
Joby Aviation shares jumped 18% after Q1 revenue exceeded expectations and the company reiterated its target for initial passenger flights in 2026, with $2.5 billion in cash to fund certification and factory projects.
Pilots' Praise for United Merger Idea Heightens Pressure on American Airlines
American Airlines pilots union called United CEO Scott Kirby's rejected merger a 'bold vision,' raising pressure on American's board but stopping short of endorsing a deal. Antitrust hurdles persist.
Spirit Airlines Parent Files for Asset Liquidation After Shutdown
Spirit Aviation Holdings files for asset sale after Spirit Airlines ceases operations. JetBlue and Frontier expand routes to capture stranded travelers.
Boeing Receives Dual Boost: Israeli F-15IA Approval and EgyptAir 737 MAX Delivery
Israel greenlights a squadron of Boeing F-15IA fighters as part of a $119 billion military expansion, while EgyptAir receives its first 737 MAX. Boeing's defense backlog reaches a record $86 billion.
Spirit Airlines Grounds All Flights Amid Funding Crisis, Stranding Over 800,000 Passengers
Spirit Airlines shuts down immediately after failing to secure funding, canceling all flights and affecting over 800,000 booked passengers. Competitors step in with discounted fares.
Spirit Airlines Faces Imminent Closure After $500M Federal Rescue Fails
Spirit Airlines is preparing to shut down after failing to secure a $500 million U.S. bailout, jeopardizing over 17,000 jobs and billions in claims.
Spirit Airlines Rescue Talks Stall as Bankruptcy Hearing Postponed
Spirit Airlines postponed its bankruptcy hearing as negotiations for a $500 million U.S. government rescue continue. Flights remain operational, but creditor opposition and surging fuel costs pose risks.
NZX 50 Edges Higher as Fisher & Paykel and Utilities Offset Travel and Dairy Weakness
New Zealand's S&P/NZX 50 managed a slight gain on Wednesday, rising 0.05%, as strength in Fisher & Paykel Healthcare and utility stocks countered losses in travel and dairy sectors.
Irish Stocks Edge Up as Glanbia Surge Offsets Ryanair Warning
Glanbia's 10.84% jump on strong Q1 revenue boosted the ISEQ All Share 0.59%, offsetting a 1.04% drop in Ryanair after a fare warning, as European markets slipped.
Hawaiian Airlines Joins oneworld as Alaska Integration Accelerates
Hawaiian Airlines has officially joined the oneworld alliance, adopting Alaska's AS flight code and Sabre reservation system as integration advances.
Veradermics Soars After Hair-Loss Drug Meets Trial Goals
Veradermics shares jumped 40% after its oral hair-loss drug VDPHL01 met all main goals in a Phase 2/3 trial, with patients seeing significant hair count increases.
Joby Aviation Completes Inaugural NYC Air Taxi Flights, Intensifying Rivalry with Archer
Joby Aviation flew the first electric air taxi route in New York City, from JFK to Manhattan heliports in seven minutes, signaling progress toward commercial operations by 2026.
Hawaiian Airlines Joins oneworld Alliance, Deepens Alaska Air Integration
Hawaiian Airlines joined the oneworld alliance and switched to Alaska Airlines' Sabre reservations system, making the acquisition more visible to travelers with shared loyalty benefits and unified flight codes.
American Airlines Q1 Revenue Record, but $4B Fuel Cost Surge Hits 2026 Outlook
American Airlines posted record Q1 revenue but slashed its 2026 profit outlook due to a $4 billion fuel cost surge. Shares fell 28 cents premarket.
White House Considers $500M Lifeline for Spirit Airlines Amid Fuel Crisis
The White House is nearing a $500 million loan agreement for Spirit Airlines, which faces collapse due to soaring fuel prices. The administration also opposes a potential merger between United and American Airlines.