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Strikes on Iran have disrupted one of the world's busiest flight corridors
Business Insider· 2026-02-28 10:47
Some of the world's most congested airspace has been disrupted by the US and Israel's strikes on Iran. A video shared by Flightradar24 showed how airplanes deserted the region. Iran, Iraq, Kuwait, Bahrain, and Qatar have closed their airspaces.Some Middle Eastern airlines, such as Qatar Airways and Emirates, operate major hubs that connect passengers to destinations around the world. Dubai is home to the world's busiest airport for international traffic, while Doha's is the 10th busiest. Even for flights th ...
United and American Fight at Chicago's O'Hare Draws Federal Scrutiny
WSJ· 2026-02-27 23:50
Core Viewpoint - The Federal Aviation Administration (FAA) is planning to reduce flight operations this summer at Chicago's O'Hare International Airport due to competition between two airlines [1] Group 1: Regulatory Actions - The FAA's decision to cut flights is a response to ongoing competition between airlines at O'Hare International Airport [1] Group 2: Industry Impact - The reduction in flights may affect airline operations and passenger travel plans during the summer season [1]
Ascendis wins U.S. approval for therapy for children with dwarfism
Reuters· 2026-02-27 23:04
Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Ascendis wins U.S. approval for therapy for children with dwarfism February 27, 202611:04 PM UTCUpdated ago By Reuters Read Next Business Delta orders 34 more Airbus A321neo jets in fleet renewal push February 27, 2026 · 9:43 PM UTCAerospace & Defensecategory · · ago Companies Ascendis Pharma A/S Biomarin Pharmaceutical Inc BridgeBio Pharma Inc Feb 27 (Reuters) - The U.S. Food and Drug Adminis ...
Delta orders 34 more Airbus A321neo jets in fleet renewal push
Reuters· 2026-02-27 21:43
Delta orders 34 more Airbus A321neo jets in fleet renewal push | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]An Airbus A321neo aircraft built for Pegasus Airlines, without engines that are scheduled to be supplied by CFM International, is seen at the planemaker's factory in Toulouse, France, March... [Purchase Licensing Rights, opens new tab] Read moreCHICAGO, Feb 27 (Reuters) - Delta Air Lines [(DAL.N), opens new tab] said on Fr ...
Allegiant Gains 64.2% in 6 Months: What Should Investors Do Now?
ZACKS· 2026-02-27 19:21
Key Takeaways Allegiant shares have gained in the past six months, outperforming its industry and peers like LUV and RYAAY.Production delays, rising labor costs and economic uncertainties continue to pressure ALGT.Stronger demand, higher EPS guidance, fleet upgrades and solid liquidity provide notable offsets.Shares of Allegiant Travel Company (ALGT) have had a good time on the bourses of late, improving in double-digits over the past six months. The encouraging price performance resulted in ALGT outperform ...
United's stock and other airline shares get a reality check from rising oil prices, market jitters
MarketWatch· 2026-02-27 19:03
United's stock and other airline shares get a reality check from rising oil prices, market jitters - MarketWatch# United's stock and other airline shares get a reality check from rising oil prices, market jitters## United Airlines' stock leads S&P 500 declinersPublished: Feb. 27, 2026 at 2:03 p.m. ETShareResize---Listen(2 min)United Airlines' stock was on track for its worst percentage decline since April. Photo: Getty ImagesUnited Airlines' stock was leading S&P 500 index decliners on Friday and heading fo ...
3 Airline Stocks to Buy Before Travel Season
Benzinga· 2026-02-27 17:22
The U.S. airline sector is set to fly high in 2026, with sector companies expected to generate a combined $41 billion in net profit in 2026, up from $39.5 billion in 2025, according to the International Air Transport Association (IATA).That would mark a new industry record. Operating profits are also set to jump this year, from $67 billion to $72.8 billion. Operating margins are expected at 6.9%, up from 6.6% last year, and revenues and passenger count are set to soar too.Below the surface, however, airline ...
U.S. Stocks Extending Yesterday's Pullback Amid Inflation, AI Concerns
RTTNews· 2026-02-27 16:07
Following the pullback seen in the previous session, stocks are seeing continued weakness during trading on Friday. The major averages have all moved to the downside, with the Dow hitting its lowest intraday level in almost a month.Currently, the major averages are well off their lows of the session but remain firmly negative. The Dow is down 565.35 points or 1.1 percent at 48,933.85, the Nasdaq is down 163.05 points or 0.7 percent at 22,715.33 and the S&P 500 is down 38.61 points or 0.6 percent at 6,870.2 ...
AAL Benefits From Improved Air-Travel Demand Amid High Costs
ZACKS· 2026-02-27 16:05
Key Takeaways AAL sees stronger air-travel demand, guiding March-quarter revenues up 7-10% year over year. American Airlines plans 15 new summer 2026 routes and 500 daily Chicago departures. AAL faces significant wage growth and high debt, with leverage above sub-industry levels. Improving air-travel demand is aiding American Airlines (AAL) . High labor costs and escalated debt load is however, hurting the airline.Factors Favoring AALWe are impressed by the gradual improvement in air travel demand, which sh ...
Munich Airport, Lufthansa pledge to overhaul emergency protocols after snowstorm mishap
Reuters· 2026-02-27 11:03
Core Viewpoint - Munich Airport and Lufthansa have committed to revamping their emergency protocols following an incident where approximately 600 passengers were stranded on six planes during a snowstorm, which they deemed "unacceptable" [1][3][4]. Group 1: Incident Details - The incident occurred on February 19, where operational shortfalls such as lack of terminal space, stretched bus capacity, and staff shortages due to a strict night curfew contributed to delays in passenger transfer [3]. - Passengers were left aboard aircraft for hours with limited food and blankets, receiving sparse updates from the crew [3]. Group 2: Accountability and Response - Lufthansa's Hub Manager for Munich Airport, Heiko Reitz, acknowledged mistakes made during the incident and stated that both the airport and airline take responsibility [2]. - Following the incident, Lufthansa began contacting affected travelers the next day to manage compensation claims, which drew criticism from pilot and firefighter unions, as well as local politicians who warned that the event could damage Munich's reputation as a transit hub [4]. Group 3: Future Measures - Both Munich Airport and Lufthansa have pledged to improve coordination and readiness for future disruptions to prevent similar incidents from occurring [4].