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Category: Airlines

  • Terminal 1 closes as low-cost airlines stay away

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    Investor Empires

    The Israel Airports Authority (IAA) announced that Terminal 1 at Ben Gurion Airport will be closed on Friday until the end of March 2025. All international flights will use Terminal 3 throughout the winter, although domestic flights to Eilat will continue to use Terminal 1. The closure comes after the…

  • Despite EU green light European airlines stay away from Israel

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    Investor Empires

    Despite the decision of the European Union Aviation Safety Agency (EASA) to lift its recommendation against flying to Israel, European airlines are still reluctant to fly to Israel. Hungarian low-cost carrier Wizz Air has canceled all flights until at least October 23, and Polish airline LOT has postponed all flights…

  • Taiwan’s China Airlines says no political pressure on new aircraft order By Reuters

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    Investor Empires

    TAIPEI (Reuters) – Taiwan’s China Airlines is not facing any political pressure over its decision whether to buy Boeing (NYSE:) or Airbus planes to modernize its long-haul fleet, the chairman of Taiwan’s China Airlines said on Saturday. Taiwan’s largest airline was weighing the Boeing 777X and Airbus A350-1000 aircraft as…

  • EU again insists airlines should suspend Israel flights

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    Investor Empires

    The European Commission and the European Union Aviation Safety Agency (EASA) last night discussed and reaffirmed the recommendation for airlines not to fly to Israel until 31 October. After discussions, Air France announced that it would extend the cancellation of its flights to Israel until October 13, and Wizz Air…

  • EU again insists airlines should suspend Israel flights

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    Investor Empires

    The European Commission and the European Union Aviation Safety Agency (EASA) last night discussed and reaffirmed the recommendation for airlines not to fly to Israel until 31 October. After discussions, Air France announced that it would extend the cancellation of its flights to Israel until October 13, and Wizz Air…

  • Fresh produce exporters hit as airlines withdraw freight services

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    Investor Empires

    Horticulturists and fresh produce exporters in Kenya are facing losses at the start of the peak season, after several international airlines withdrew their cargo services at the main Jomo Kenyatta International Airport, citing lower returns compared to other routes. The dire situation facing farmers and exporters has been exacerbated by…

  • European airlines offering affordable fares still flying to Israel

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    Investor Empires

    With the European Union recommending airlines stop flying to Israel, North American airlines canceling flights weeks in advance, and Israeli airlines fully booked for holidays, there are still options for entering and exiting the country. The only exception is Arkia, which still offers one-way tickets from Athens to Tel Aviv…

  • European airlines offering affordable fares still flying to Israel

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    Investor Empires

    With the European Union recommending airlines stop flying to Israel, North American airlines canceling flights weeks in advance, and Israeli airlines fully booked for holidays, there are still options for entering and exiting the country. The only exception is Arkia, which still offers one-way tickets from Athens to Tel Aviv…

  • Spirit Airlines in talks with bondholders over terms of potential bankruptcy filing, WSJ reports By Reuters

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    Investor Empires

    (Reuters) – Spirit Airlines is in talks with bondholders about the terms of a potential bankruptcy filing in the wake of its failed merger with JetBlue Airways (NASDAQ:), the Wall Street Journal reported on Thursday, citing people familiar with the matter. Spirit shares fell 18% in after-market trading. Spirit Airlines…

  • EU tells airlines to halt Israel flights

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    Investor Empires

    The European Commission and the European Union Aviation Safety Agency (EASA) recommended that airlines not fly to Israel and Lebanon until October 31. In a Conflict Zone Information Bulletin (CZIB) issued yesterday, the European Aviation Safety Agency said: “The European Commission and the European Union Aviation Safety Agency (EASA) are…

  • Southwest Airlines warns staff of ‘tough decisions’ ahead, Bloomberg reports By Reuters

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    Investor Empires

    (Reuters) – Southwest Airlines Co warned its employees it will soon make tough decisions as part of a strategy to restore profits and face demands from activist investor Elliott Investment Management Inc, Bloomberg News reported on Saturday. The airline is considering making changes to its flight routes and schedules to…

  • Southwest Airlines warns staff of ‘tough decisions’ ahead, Bloomberg reports By Reuters

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    Investor Empires

    (Reuters) – Southwest Airlines Co warned its employees it will soon make tough decisions as part of a strategy to restore profits and face demands from activist investor Elliott Investment Management Inc, Bloomberg News reported on Saturday. The airline is considering making changes to its flight routes and schedules to…

  • Fearing reprisals European airlines cancel Israel flights

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    Investor Empires

    French national airline Air France has announced the cancellation of its flights to Israel until September 20, after initially announcing the cancellation of flights to Tel Aviv until September 19 following the explosions of communication devices in Lebanon. The Lufthansa Group, including Austrian Airlines, Swiss, Brussels Airlines and Eurowings, has…

  • Down 97%, Is It Time to Buy Spirit Airlines Stock?

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    Investor Empires

    Spirit Airlines (NYSE: SAVE) British Airways has taken its investors on a rollercoaster ride. Shares of the troubled airline have fallen 93% in the past five years. Over the same period, Standard & Poor’s 500 It could have more than doubled your money. As of the time of this writing,…

  • Exclusive-Elliott now owns enough of Southwest Airlines to call special meeting

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    Investor Empires

    By Svea Herbst Bayliss NEW YORK (Reuters) – Elliott Investment Management Inc now owns 10% of Southwest Airlines Co’s common stock, exceeding the threshold that allows the hedge fund to call a private meeting at the airline, a person familiar with the matter said. The news comes days before the…

  • Two more Chinese airlines to start flying China-made COMAC C919 jet By Reuters

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    Investor Empires

    BEIJING (Reuters) – Air China and China Southern Airlines will become the second and third Chinese airlines to use China’s Comac C919 passenger jet when they take delivery of their first aircraft on Wednesday, state broadcaster CCTV reported. Chinese aircraft maker Comac is trying to break into the passenger jet…

  • Elliott lays out its case for leadership change at Southwest Airlines By Reuters

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    Investor Empires

    By Svea Herbst Bayliss NEW YORK (Reuters) – Elliott Investment Management, which now owns about 9.7 percent of Southwest Airlines Co (NYSE: )’s voting power, told investors the company needs new outside leadership for a “better future” but is also prepared to move forward with a planned proxy battle. In…

  • Foreign airlines resume Tel Aviv flights after pre-emptive strike

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    Investor Empires

    It was business as usual at Ben Gurion Airport today, with 60,900 passengers expected to pass through on 353 international flights arriving and departing. Yesterday, more than 50,000 passengers passed through the airport, despite Israeli airspace being closed for several hours in the morning due to the Israel Defense Forces’…

  • Airlines fly over Afghanistan as Middle East becomes the greater risk By Reuters

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    Investor Empires

    By Joanna Pluchinska and Lisa Barrington LONDON/SEOUL (Reuters) – Singapore Airlines, British Airways and Lufthansa have increased their flights over Afghanistan after years of largely avoiding it now that conflict in the Middle East has made it a relatively safe option. Most airlines stopped flying over Afghanistan, which lies on…

  • Even when it calms down foreign airlines won’t return

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    Investor Empires

    Fifteen foreign airlines have suspended flights to Israel over the past month, leaving passengers almost entirely dependent on Israeli carriers. El Al Israel Airlines Ltd. (level:Ilal), Israel (TASE: ISRG), and every dayBut Israelis were surprised to discover that the prices charged by Israeli airlines had increased compared to the corresponding…