US AIRLINE ROUTE CUTS 2027
Oil Price Today (November 12): Brent crude falls below $92 amid hopes for US-Iran, Russia-Ukraine peace talks
Crude oil price: Brent crude futures fell more than $1 to trade below $92 per barrel, while US West Texas Intermediate (WTI) crude futures also lost over $1 to trade below $86 per barrel on Thursday morning. This comes after Brent crude rose over 1% on Wednesday after hitting two-month lows in the previous day.
Why American Airlines drops 8 international routes for 2027 despite 5 flights still filling around 80% of seats
American Airlines international route cancellations 2027: American Airlines is dropping 8 international routes from its 2027 schedule, including flights to Paris, Brisbane, Doha and Zurich. Surprisingly, five of the affected services were still filling around 80% of their seats in the first half of 2026. Weak demand, Middle East hostilities and rising fuel costs are among the factors behind the changes.
Baird downgrades Nvidia on China curbs, AI demand worries
Nvidia's shares closed at $168.9 on Tuesday and are on track for their biggest weekly drop since March 2025, with uncertainty over top leadership weighing on the stock
Baird downgrades Nvidia on China curbs, AI demand worries
Baird downgraded Nvidia's stock and cut its price target significantly due to various market risks. Concerns over US restrictions on chip sales to China have emerged, affecting Nvidia's revenue outlook. Demand for Nvidia's chips is showing signs of softening amid supply constraints and market uncertainties. Additionally, multiple brokerages have removed Nvidia from their top picks due to recent stock declines.
Cathay Pacific to buy 11 Airbus aircraft for US$5.1 bn
Cathay Pacific has ordered 11 Airbus A330-900 aircraft worth US$5.1 billion to expand its regional network and increase passenger and cargo capacity. Deliveries are expected between 2031 and 2035. The Hong Kong airline also ordered three Airbus A321neo aircraft for its budget carrier HK Express to support growth on short-haul routes.
91% of Mumbai airport's international traffic to remain unaffected by Terminal 1 redevelopment
Mumbai's Terminal 1 redevelopment will leave around 91% of international passenger traffic unaffected, with 39 of 50 international airlines continuing operations at CSMIA. Eleven carriers may shift select services to Navi Mumbai International Airport from March 2027, as the revamp aims to address structural concerns and raise Terminal 1's annual passenger-handling capacity by 33% to 20 million by March 2029.
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CM Devendra Fadnavis says no flights will shift from Mumbai to Navi Mumbai airport; opposes proposed relocation of international services and suggests an alternative plan for Terminal 1 redevelopment
Mumbai airport news: Chief Minister Devendra Fadnavis is opposing plans to shift international flights from Mumbai airport to Navi Mumbai airport. He communicated with the union civil aviation minister regarding an alternative redevelopment proposal for Terminal 1. This plan aims to keep the existing terminal operational during its replacement construction. The Airports Authority of India holds a minority stake in Mumbai airport, while Adani Airport Holdings Ltd is the majority stakeholder.
In a first since Covid, Diwali flight numbers fall as high fares, disruptions take a toll
Airlines scheduled about 6% fewer flights across October and November than a year earlier, according to data from aviation analytics firm Cirium. That marks the first capacity decline since 2020, when carriers slashed service capacity by nearly 45% amid the pandemic-induced collapse in travel demand.
Air India shortlists former Singapore Airlines executive Balagopal Kunduvara for CFO role
Air India has shortlisted former Singapore Airlines executive Balagopal Kunduvara for the CFO role as the airline steps up efforts to cut costs and improve financial performance. Kunduvara, who recently left his position as finance chief at Garuda Indonesia, has over two decades of experience at Singapore Airlines. The carrier reported losses of more than Rs 22,000 crore in the last financial year.
India signs Haj 2027 agreement with Saudi Arabia, secures quota of 1,75,025 pilgrims
India has secured a Haj quota of 1,75,025 pilgrims for 2027 after signing a bilateral agreement with Saudi Arabia in Jeddah on November 9. Union Minority Affairs Minister Kiren Rijiju signed the agreement following discussions with Saudi Arabia's Minister of Hajj and Umrah, Dr Tawfiq bin Fawzan Al-Rabiah. The two sides reviewed preparations for the next pilgrimage season and discussed logistical support, coordination and pilgrim welfare.
Two sunrises and two sunsets in 24 hours: Airbus A350 breaks 21-year flight record, covers 23,155 km nonstop
In a groundbreaking feat, the Airbus A350-1000ULR completed a non-stop flight of 12,503 nautical miles from Melbourne to Toulouse in an impressive 24 hours and 24 minutes in late July 2026. This historic endeavor broke a 21-year reign held by Boeing, while the flight's journey was followed by millions online.
Air India considers departed Garuda CFO for top finance position
Most recently, Kunduvara was finance chief for Garuda Indonesia, a position he recently left after holding the job for little more than a year. Prior to that, he spent more than two decades at Singapore Airlines, which is a partial owner of Air India alongside conglomerate Tata Group.
Australia's Qantas Airways to cut 850 jobs as AI takes off, back-office work shifts to India
Australia's largest airline Qantas will cut 850 jobs from mid-2027 as it shifts some corporate functions to India and accelerates the adoption of artificial intelligence. A partnership with Accenture will overhaul its back-end systems, even as the airline embarks on the largest fleet renewal programme in its history.
Don't let fare caps clip airlines' wings
Recently, airline price surges during festival seasons have raised concerns about imposing fare caps. While there is public demand for such measures, they may disrupt airlines' pricing flexibility. Regulations on airfares are more effective when they account for market demand and emergencies like natural disasters. Airlines might resort to add-on charges if their revenue is impacted by fare restrictions.
Soaring fares fail to ground year-end international travel plans
Despite a 25% increase in international airfares, bookings for year-end overseas holidays among Indians have risen by one-third. Many travelers are opting for more affordable destinations, especially in Southeast Asia and Japan. Airlines are reporting full flights, indicating high demand for international travel from India. Some international carriers are increasing their flight capacities in response to this demand.
Trump's $1.5-trillion defence spending push runs into a Democratic wall after midterm rout
The recent midterm elections have heralded a major loss for Republicans, casting a shadow over President Trump's defense budget ambitions. Democrats, now in control of Congress, are resisting Trump's call for a $1.5 trillion increase in defense spending. This development poses a critical challenge as lawmakers must soon tackle the defense policy bill alongside the fiscal year 2027 budget.
Mumbai airport slot row: AOC questions ministry approval to deny slots to 12 international airlines
Airline Operators Committee has raised concerns regarding the slot allocation for twelve international carriers. The carriers have not received their requested slots for the summer 2027 season. Mumbai International Airport is planning to temporarily relocate operations to Navi Mumbai International Airport. This move is due to the redevelopment of Terminal 1. Clarity on the approval from the civil aviation ministry is being sought by the committee.
Air India starts using Iraq airspace for New York, Newark direct flights; likely to see 10% fuel savings
Air India has resumed non-stop flights to New York and Newark using Iraqi airspace, cutting journey times by around four hours to 16 hours and saving nearly 10% in fuel costs. The revised routes also offer greater flexibility in crew deployment and help ease the impact of prolonged airspace restrictions.
Saudi airline flyadeal launches direct flights between Jeddah and Lucknow
In a new development plan, Flyadeal is expanding its services to India with new direct flights from Jeddah to Lucknow, scheduled to commence on November 4, 2026. With three flights a week, this new route reinforces ties between the two countries, satisfying the needs of travelers for business and family connections.
US hospitals brace for tougher 2027 as coverage losses and Medicaid cuts loom
US hospital operators are experiencing revenue pressure due to an increase in uninsured patients affecting their operating margins. The expiration of federal subsidies is causing ACA exchange premiums to rise sharply, leading to more patients losing coverage. Major hospital chains are bracing for declines in Medicaid supplemental payments that could hit their finances hard. Analysts caution that forthcoming changes to Medicaid requirements might exacerbate issues for hospital operators.
Star Air cuts weekly flights on high fuel costs, says airline official
Star Air has reduced its weekly flights by 15-20%, largely due to soaring Aviation Turbine Fuel prices. The airline is calling for a special fuel pricing strategy to support regional operators. This change is in response to increasing operational expenses caused by volatile fuel costs amid geopolitical tensions. Although the government had previously set up a Price Stabilisation Fund for airlines, it has since expired.
FLY91 plans to expand fleet to 60 aircraft in five years, targets 350 weekly flights: CEO Manoj Chacko
Regional airline FLY91 plans to expand its fleet from six to around 60 aircraft over five years, backed by an order for 40 planes scheduled for delivery between 2027 and 2032. The airline also aims to operate nearly 350 weekly flights this winter, prioritising domestic expansion before exploring international routes.
IndiGo CEO Willie Walsh eyes 14 A321 XLRs by 2027-end, A350s in 2028
IndiGo currently operates 4 A321 XLR aircraft, with plans to enhance its international routes. The airline will receive one additional A321 XLR aircraft by the end of this year. IndiGo aims to expand its total fleet to 600 aircraft by 2030, up from over 440 planes currently. The A350-900 aircraft deliveries are expected to start in the second quarter of 2028.
Airlines seek govt support to protect Mumbai Airport slots
Airlines at Mumbai airport are urging civil aviation ministry intervention regarding proposed capacity reductions planned for next April. Operator Mumbai International Airport Ltd intends to shift part of its international flight schedule to Navi Mumbai International Airport. While some airlines have consented to the changes, others seek more time to adapt to the new airport's infrastructure.
Four flights bound for Kathmandu, Varanasi diverted to Lucknow due to adverse weather
Four flights traveling to Kathmandu and Varanasi were diverted to Chaudhary Charan Singh International Airport in Lucknow. An Himalaya Airlines flight from Hangzhou landed at 7.40 am and departed at 9.26 am. A flydubai flight from Dubai landed at 8.18 am and departed at 9.46 am. Additionally, two IndiGo flights bound for Varanasi were also diverted to Lucknow airport due to weather.
Foreign airlines, Adani Airports deadlocked over Mumbai Airport shift
A meeting between Adani Airports that controls both Mumbai and Navi Mumbai airports and foreign carriers ended without an agreement after around 90 minutes of discussions. About 50 executives representing almost all the 45 airlines in Mumbai's Airline Operators' Committee attended the meeting, people familiar with the matter said. Airlines sought further details before committing to the move.
Mumbai airport operator MIAL, airlines discuss transition plan for international flights
Representatives from over 35 airlines met with Mumbai airport officials to discuss shifting international flights. The Mumbai International Airport Ltd requested airlines to submit their transition plans by November 3. Air India, IndiGo, and Akasa Air will begin transitioning operations to Navi Mumbai International Airport in December. The partial relocation aims to allow renovation work at Terminal 1 in Mumbai airport to progress.
Airlines can't predict oil prices anymore. Travellers may be left footing the bill
Airlines globally face challenges in fuel cost hedging as prices remain elevated due to geopolitical tensions. Major airlines like AirAsia and Ryanair have halted new hedges, anticipating further fare increases. Higher fuel costs may push ticket prices up by 15% to 20%, straining consumer willingness to pay. Many US and European airlines have reduced hedging, exposing them to market fluctuations.
Emirates upgrades fleet with Starlink satellite internet on 65 aircraft, plans more monthly installations
Emirates has equipped 65 aircraft with Starlink satellite internet and plans to install it on more planes. The airline expects to start receiving Boeing aircraft in summer 2027 while continuing Airbus deliveries. Alongside new models, Emirates is also upgrading its existing fleet through a refurbishment program by the end of 2026. So far, 20 Airbus aircraft have been received, with further deliveries scheduled monthly.
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