Wall Street Journal
• Alison Sider
Strong fares and travel demand are supporting U.S. airlines ahead of third-quarter results, with analysts remaining constructive on Delta. But a sharp rise in fuel costs is eroding the outlook: Delta cited a $6 billion increase in fuel expense as it lowered its full-year forecast, widening the risk that revenue growth will not translate into stronger profits.
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Strong fares and travel demand are supporting U.S. airlines ahead of third-quarter results, with analysts remaining constructive on Delta. But a sharp rise in fuel costs is eroding the outlook: Delta cited a $6 billion increase in fuel expense as it lowered its full-year forecast, widening the risk that revenue growth will not translate into stronger profits.
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Arik De has left Etihad Airways with immediate effect, ending nearly five years as chief revenue and commercial officer. He oversaw much of the Abu Dhabi-based carrier’s commercial strategy; the airline has not named a successor.
Pakistan International Airlines’ board has eliminated senior roles in a major shake-up. The available report does not specify which positions were cut or describe the wider organizational changes.
Russia’s Azur Air has canceled its planned winter charter flights to Nha Trang, Vietnam. The available report does not specify the number of flights affected, the reason for the cancellations or whether other operators will add capacity.
Cabo Verde has taken an Airbus A320 on wet lease from Portugal’s White, bringing an aircraft and its operating services into the airline’s fleet arrangement. The available report does not specify the lease term, route deployment or aircraft configuration.
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Norse Atlantic Airways has agreed to provide two Boeing 787-9s to Pakistan International Airlines under an ACMI wet lease, with operations expected to begin as early as next month. The deal adds capacity on PIA’s UK routes and gives Norse a new way to deploy aircraft after its IndiGo partnership fell through.
Crown Airlines, which operates from Tripoli Mitiga, says it will acquire an Airbus A320-200 it has been dry leasing from Avolon. The announcement shifts the aircraft from a lease arrangement to ownership, though the carrier did not disclose financial terms or a timeline.
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