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Cathay Pacific CEO Announces Boeing 777-9 Deliveries to Begin in Late 2027

Cathay Pacific CEO Announces Boeing 777-9 Deliveries to Begin in Late 2027

Cathay Pacific CEO Announces Boeing 777-9 Deliveries to Begin in Late 2027
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Cathay Pacific CEO Announces Boeing 777-9 Deliveries Set for Late 2027

Cathay Pacific CEO Announces Boeing 777-9 Deliveries Set for Late 2027

Cathay Pacific CEO Announces Boeing 777-9 Deliveries Set for Late 2027
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United Airlines CEO Warns of Engine Shortages as Major Constraint for Future Growth

United Airlines CEO Warns of Engine Shortages as Major Constraint for Future Growth

United Airlines CEO Warns of Engine Shortages as Major Constraint for Future Growth
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Deferring jet orders over Iran war would be costly for Middle Eastern carriers, IATA VP says

Deferring jet orders over Iran war would be costly for Middle Eastern carriers, IATA VP says

By Allison Lampert and Gabriel Araujo RIO DE JANEIRO, June 6 (Reuters) - Deferring jet orders due to uncertainty and higher jet fuel prices caused by the war in Iran would be unwise for Middle Eastern carriers, as the decision could be costly in the long term, a vice president of the airline trade
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Global airlines slash 2026 profit forecast on fuel shock from Iran war

Global airlines slash 2026 profit forecast on fuel shock from Iran war

By Gabriel Araujo, Luciana Magalhaes, Rajesh Kumar Singh and Allison Lampert RIO DE JANEIRO, June 7 (Reuters) - The global airline industry nearly halved its 2026 profit forecast on Sunday, citing conflict in the Middle East that has driven up fuel costs, disrupted key air corridors and exposed the
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High fuel costs to trigger airline failures and consolidation, industry chief says

High fuel costs to trigger airline failures and consolidation, industry chief says

By Joe Brock RIO DE JANEIRO, June 6 (Reuters) - Soaring jet fuel prices driven by conflict in the Middle East are likely to push more airlines into bankruptcy and spur more sector consolidation this year and next, the head of the global airline body said on Saturday.
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United Airlines CEO says big merger unlikely after American rebuff, asset buys possible

United Airlines CEO says big merger unlikely after American rebuff, asset buys possible

By Rajesh Kumar Singh and Joe Brock RIO DE JANEIRO, June 7 (Reuters) - United Airlines remains open to buying airport slots, gates or other assets if higher fuel prices put weaker rivals under pressure, but it is unlikely to pursue a major consolidation deal after its failed overture to American
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Southwest sticks with Boeing as MAX 7 delay pushes service to 2027

Southwest sticks with Boeing as MAX 7 delay pushes service to 2027

By Rajesh Kumar Singh RIO DE JANEIRO, June 6 (Reuters) - Southwest Airlines expects Boeing's long-delayed 737 MAX 7 to enter revenue service in 2027 and remains focused on the MAX family rather than adding another aircraft type to reduce risk, Chief Operating Officer Andrew Watterson told Reuters on
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United Airlines CEO Declares End to Current U.S. Airline Merger Wave

United Airlines CEO Declares End to Current U.S. Airline Merger Wave

United Airlines CEO Declares End to Current U.S. Airline Merger Wave
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Airline chiefs grapple with fuel shock, fare test at Rio summit

Airline chiefs grapple with fuel shock, fare test at Rio summit

By Rajesh Kumar Singh and Allison Lampert RIO DE JANEIRO, June 6 (Reuters) - Global airline chiefs open their annual summit in Rio de Janeiro on Saturday facing a sharper test of the industry's post-pandemic recovery, as the Iran war drives up fuel costs and disrupts airspace while carriers try to
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EgyptAir Plans Fleet Expansion to 125 Aircraft by 2030 Amid Strong Market Conditions

EgyptAir Plans Fleet Expansion to 125 Aircraft by 2030 Amid Strong Market Conditions

EgyptAir has announced plans to expand its fleet to 125 aircraft by 2030, an increase from its previous target of 97. This decision was revealed by Captain Ahmed Adel, Chairman and CEO of EgyptAir Holding Company, during the IATA Annual General Meeting in Rio de Janeiro. The expansion is driven by strong financial performance, improved aircraft availability, and the anticipated expansion of Cairo International Airport within the next five years. EgyptAir's growth is also supported by the robust tourism and travel market in Egypt. Despite regional conflicts, the airline has maintained profitability and plans to continue this trend. The company is currently in discussions with lessors to secure additional aircraft, including Boeing 737-8s and Airbus A350-900s, to meet its expansion goals.
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IATA Predicts Adequate Fuel Supply for European Summer Amid Travel Demand Concerns

IATA Predicts Adequate Fuel Supply for European Summer Amid Travel Demand Concerns

The International Air Transport Association (IATA) has expressed concerns about travel demand trends following the summer season, despite anticipating a strong summer for air travel in Europe. At its annual general meeting in Rio de Janeiro, IATA's Regional Vice President Rafael Schvartzman noted that while demand for travel to destinations like Spain and Portugal is robust, the outlook beyond summer remains uncertain due to economic factors and increased travel costs. Schvartzman assured that there is no expected jet fuel shortage in Europe for the summer, although operational challenges persist due to the flawed introduction of the European entry and exit system, causing significant delays for non-European travelers.