Another airline shuts down over Iran war, all flights off [Yahoo! Finance]
DEUTSCHE LUFTHANSA S/ADR (DLAKY)
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Source: Yahoo! Finance
At the start of April, Mexican holiday airline Magnicharters canceled all flights for two weeks in a situation that left hundreds of travelers stranded at popular vacation destinations. German giant Lufthansa shut down its regional carrier CityLine a year earlier than initially announced "in view of significantly increased kerosene prices, which have more than doubled compared to the period before the Iran war." British charter airline Pen-Avia also lost its operating license although its string of financial problems date back many months before the start of the war. Ascend Airways names "challenging outlook" as reason for shutting down, returning planes The latest carrier to voluntarily surrender the Air Operator's License (AOC) that airlines need to operate is British wet-lease operator Ascend Airways. Founded in 2023 and part of the wider Dublin-based Avia Solutions Group, Ascend Airways secured its AOC and a fleet of six Boeing 737 Max planes that it would rent out to sma
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News
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- Lufthansa Just Canceled 20,000 Flights Through Fall. The Genius German Rail System May Save Your Summer Travel. [Los Angeles Times (CA)]Los Angeles Times
- Europe's summer travel is on the line as airlines' jet fuel supply dwindles [MSNBC.com]MSNBC.com
- Europe's summer travel is on the line as airlines' jet fuel supply dwindles [CNBC]CNBC
- Major airline axes 20,000 'unprofitable' flights as jet fuel costs soar [FOX Business Network]FOX Business Network