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3 days ago · WASHINGTON (AP) — Air travel got more miserable last year, if the number of consumer complaints filed with the U.S. government is any measure. The Transportation Department said Friday that it received nearly 97,000 complaints in 2023, up from about 86,000 the year before.
5 days ago · Short sellers are targeting Canada’s largest publicly traded airline due to rising operational costs and weaker post-pandemic consumer demand, reports BNN Bloomberg. In early July, Air Canada’s short interest as a percentage of float reached nearly 19 percent, according to financial data firm S3 Partners LLC.
4 days ago · The research aims to help the Global Airlines Industry players rebalance their current strategies, meet consumer demands, and scale their businesses. GoodFirms conducted an online survey between 1st July 2022 and 20th July 2022.
3 days ago · Airlines had to compete on ticket prices. That competition led to a more bare-bones flying experience, but it also made air travel a lot more affordable. In this episode, we trace the evolution of ...
4 days ago · The increase in complaints came even as airlines cancelled far fewer US flights — 116,700, or 1.2 percent of the total, last year, compared with about 210,500, or 2.3 percent, in 2022, according...
4 days ago · So far this year, cancellations remain relatively low — about 1.3% of all flights — but delays are still running around 21%. More than two-thirds of all complaints last year dealt with U.S....
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15 hours ago · In 2023, the global airline industry rebounded from Covid challenges, achieving profitability after three years of losses. The International Air Transport Association (IATA) reported a net profit of $27.4 billion, surpassing previous projections a remarkable increase from the $3.5 billion loss in 2022.
