Factbox: International airlines’ response to FAA on Iran airspace

(Reuters) – The U.S. Federal Aviation Administration (FAA) issued an emergency order on Thursday prohibiting U.S. air carriers from flying in Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman due to heightened tensions. FILE PHOTO: A British Airways aircraft takes off from Heathrow Airport in west London, Continue Reading

American Airlines asks court to end ‘devastating’ slowdown by unions

FILE PHOTO: American Airlines Boeing 737 MAX jets sit parked at a facility in Tulsa, Oklahoma, U.S., May 10, 2019. Photo taken May 10, 2019. American Airlines/Handout via REUTERS (Reuters) – American Airlines Group Inc on Friday asked a federal court to quickly halt an alleged illegal slowdown by mechanics’ Continue Reading

Global airlines slash profit forecast 21% on protectionism fears

FILE PHOTO: An airplane prepares to land at Cointrin airport in Geneva, Switzerland December 5, 2017. REUTERS/Pierre Albouy/File Photo SEOUL (Reuters) – Global airlines slashed a key industry profit forecast by 21% on Sunday amid concerns over an expanding trade war and higher oil prices. The International Air Transport Association, Continue Reading