Latest news with #Airlines
Zawya
20 hours ago
- Business
- Zawya
Some airlines benefit from a weaker US dollar: IATA
Airlines marginally benefited in the first half of 2025 as the US dollar depreciated by 7% against its trading partners' currencies, according to an IATA report. Jet fuel is airlines' largest cost component (closely matched by labor costs), and it is usually traded in US dollars. The price of jet fuel has also fallen in 2025, by approximately 6% over the first six months, allowing for a combined savings of roughly 12% on the fuel bill for non-USD-based carriers, equating to a reduction in total costs of around 3%, the report said. Other dollar-linked costs, such as maintenance and repairs, payments for aircraft, and interest on dollar-priced loans, also became cheaper for non-dollar-based carriers. In 2024, maintenance represented around 8% of operating costs, while aircraft ownership, including leasing and depreciation, accounted for about 11%. The overall impact on operating expenses of the lower fuel price and the weaker USD as it pertains to these dollar-denominated cost components is approximately 4.5% during the first half of 2025, on average, for non-dollar-based carriers. The Chinese yuan and the Indian rupee remained virtually unchanged against the dollar, excluding them from the benefits of the general dollar decline. The Turkish lira and the Argentine peso are at the losing end of the spectrum, having depreciated by 11% and 14% against the dollar, respectively. All the bills' carriers in those countries that pay in US dollars will increase accordingly, in local currency terms. 2025 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
CNA
2 days ago
- General
- CNA
Emergency evacuation from American Airlines flight amid smoke
Scroll up for the next video X Emergency evacuation from American Airlines flight amid smoke
India Today
3 days ago
- General
- India Today
Boeing jet catches fire on runway in US, panicked passengers slide out amid smoke
Passengers on board an American Airlines Boeing 737 MAX 8 were evacuated at Denver International Airport on Saturday after the aircraft aborted takeoff due to a landing gear incident that sparked a fire and sent smoke billowing from the jet. The plane, operating as Flight 3023 to Miami, was carrying 173 passengers and six crew members when the mechanical issue unfolded on Saturday afternoon. advertisementAccording to the Federal Aviation Administration (FAA), the aircraft reported a possible landing gear failure during departure and was forced to abort takeoff. Passengers were evacuated directly on the runway using inflatable emergency slides. The FAA confirmed it is investigating the air traffic control audio obtained by 9News captured the tense moments as a controller warned the cockpit, "Flight 2023, you got a lot of smoke There was some flames. Looks like the smoke is dying down a bit." Moments later, the controller added, "You are actually on fire." Video footage from the scene showed passengers scrambling down emergency slides as thick smoke poured from the left rear side of the aircraft. The Denver Fire Department, which responded swiftly to the scene, confirmed in a social media post at 5.10 pm local time that the blaze had been Airlines said in a statement that the aircraft experienced a "mechanical issue on take-off roll", specifically involving a tire. "All customers and crew deplaned safely, and the aircraft was taken out of service to be inspected by our maintenance team," the airline said. "We thank our team members for their professionalism and apologise to our customers for their experience."The airline also noted that passengers would continue their journey to Miami on a replacement aircraft later in the medical personnel evaluated five people at the scene, according to officials from the airport and the airline. A sixth person was assessed at the gate and transported to a local hospital with a minor Airlines confirmed the Boeing aircraft is undergoing inspection following the incident. The FAA reiterated that passengers were transported to the terminal by bus after the runway evacuation.- Ends
Bloomberg
4 days ago
- Business
- Bloomberg
American Air's New Airbus Jet Grounded by Supply Chain Issue
American Airlines Group Inc. finally has taken possession of its first long-range Airbus SE A321XLR aircraft, but the plane will remain in Europe because of a supply chain issue that's caused a shortage of seats. The carrier signed paperwork to accept the plane in Hamburg, Germany, on Friday, American said in statement. The company, which ordered 50 of the longer-range aircraft in 2019, plans to initially use this first plane on US transcontinental routes later this year before shifting it to international service.
CTV News
6 days ago
- Business
- CTV News
American Airlines restores 2025 forecast, flags economic worries for keeping it broad
An American Airlines passenger jet takes off from Miami International Airport in Miami on June 3, 2016. (AP Photo/Alan Diaz) American Airlines restored its financial forecast for 2025 on Thursday and cited economic uncertainty for keeping its expectations broad - from a potential loss to a profit. The carrier's shares fell nearly six per cent before the market open as the forecast underscored the challenges airlines are facing in the domestic market, where travel spending remains tepid amid sweeping U.S. tariffs and budget cuts. American generates more than two-thirds of its passenger revenue from the domestic market and expects a per-share loss of 20 cents to a profit of 80 cents in 2025. 'The company believes the top end of the range is achievable if demand in the domestic market continues to strengthen and only expects to be at the bottom end of the range if there were to be macro weaknesses that are not seen today,' the carrier said. Most U.S. airlines withdrew their financial forecasts in April. While some have reinstated their expectations, they remain cautious about how the economy will fare in an ever-evolving tariff landscape. Demand in the domestic travel market has remained subdued with budget travelers approaching their plans with caution. American, which had enhanced its focus on the U.S. domestic market, sees itself more exposed to the trend. Soft demand has also hurt earnings of Southwest Airlines, the largest U.S. domestic airline, as summer, typically the peak money-making season for airlines, is falling short this year, with unsold standard economy seats forcing carriers to cut fares. Domestic market was the weakest in the second quarter, with American's unit revenue, a proxy for pricing power, declining 6.4 per cent from a year ago. Meanwhile, its unit revenue in international markets was up, led by a five per cent annual jump in the transatlantic market. For the third quarter, American expects adjusted loss per share in the range of 10 cents to 60 cents, compared with analysts' estimates of 7 cents, according to data compiled by LSEG. The U.S. carrier reported a net income of US$599 million, or 91 cents per share for quarter ended June 30, compared with US$717 million, or US$1.01 per share, a year earlier. Its total operating revenue marginally rose to about US$14.4 billion. --- Reporting by Shivansh Tiwary in Bengaluru and Rajesh Kumar Singh in Chicago; Editing by Arun Koyyur
