Philippine Airlines—controlled by banking and tobacco tycoon Lucio Tan—has agreed to buy nine additional A350-1000 jets from Airbus, bringing to 18 its firm orders for the long-haul jets needed to support the flag carrier’s expansion in key North American destinations.
The war in Iran has caused conspicuous belt tightening among corporates, hitting Qantas’ bottom line. Yet premium travel is flourishing – a key metric as the airline prepares for Project Sunrise, its ultra-long-range flights to London and beyond.
As airlines counter higher jet fuel prices with fare hikes, industry experts say a long war in Iran could make travelers pull back in their spending.
Boeing has announced its acquisition of its largest supplier, Spirit AeroSystems. It may be the best of bad options for the embattled companies, but it will take Boeing years to straighten out the money-losing supplier and the quality problems that have bedeviled both of them.
Australian airline Qantas has been dealt another blow to its reputation after losing a High Court appeal to a Federal Court ruling that it illegally sacked 17,000 ground staff during the pandemic.
In the past week, the three largest legacy U.S. airlines have all reported third-quarter revenue in the double-digit billions, with a B.