Jetstar announced a new carry-on baggage charge allowing only one under-seat bag in basic tickets from next year, drawing criticism from consumer experts over hidden fees and difficult price comparisons.
US private equity firm Castlelake has agreed to a £5.5bn takeover of easyJet, offering £6.90 per share. The deal, which follows four previous rejections, is seen by analysts as a sign of UK firms being undervalued and bought cheaply by foreign buyers.
EasyJet has agreed in principle to a £5.5bn takeover offer from US investment firm Castlelake, which would take the UK's largest low-cost carrier private. The deal, valued at £6.90 per share, comes after weeks of negotiations and follows two profit warnings and a challenging macroeconomic environment for the airline.
EasyJet has accepted a £5bn takeover offer from US investment firm Castlelake, which would take the FTSE 250 airline private. The offer of £6.90 per share comes after previous offers were rejected for undervaluing the company. Castlelake expressed respect for easyJet's employees and plans to support its future growth and fleet modernization.
Spirit Airlines' exit signals a potential end to the dominance of low-cost carriers in the U.S. Rising fuel costs, increased demand for premium services, and the scale of major airlines are pushing prices up, making travel less accessible for budget-conscious consumers.
Hong Kong International Airport's Terminal 2 will reopen on May 27 as part of expansion plans. Fifteen airlines, primarily regional and low-cost carriers like HK Express and AirAsia, will move their check-in operations from Terminal 1 to Terminal 2 in phases until June 10.
Allegiant Air has finalized its $1.5 billion acquisition of Sun Country Airlines. The merger combines the two low-cost carriers to expand their network and revenue streams, including cargo and charter services, following the recent collapse of Spirit Airlines.
SEOUL, May 10 (Yonhap) -- South Korean low-cost carriers have cut 900 round-trip...
Promises to cut emissions and use more fuel-efficient planes fail to stop rise, with Ryanair’s carbon footprint 50% up on 2019Emissions from flying in Europe have now passed pre-pandemic levels, with Ryanair’s carbon footprint 50% higher than in 2019, research has shown.Total aviation emissions continue to increase despite industry pledges to decarbonise and the introduction of more fuel-efficient planes, driven by the massive expansion of low-cost carriers. Continue reading...
Spirit Airlines announced over the weekend it would cease operations after years of financial struggles. The ultra-low-cost carrier had sought a $500 million federal bailout from the Trump administration.
Spirit Airlines abruptly ceased operations on Saturday, stranding thousands of passengers after 34 years of low-cost service. The airline went into orderly wind-down after government rescue talks failed, with the US government rejecting a $500m bailout proposal. Passengers face canceled bookings and expensive replacement fares, while Republicans and Democrats trade blame over the carrier's collapse, with the blocked JetBlue merger becoming a political football.
Spirit Airlines, a prominent low-cost carrier, has ceased operations after 34 years, citing an immediate shutdown. The airline's abrupt closure follows failed federal intervention and mounting financial losses exceeding $2.5 billion since 2020. This development impacts approximately 17,000 employees and cost-conscious travelers.
Spirit Airlines announced it will cease operations effective immediately on May 2, 2026, after failed talks for a $500 million federal bailout. The low-cost carrier, based in South Florida and the ninth-largest U.S. airline by seats, struggled with soaring jet fuel prices linked to the war in Iran and increased competition from larger rivals who adopted its ultra-low-cost model. The airline filed for bankruptcy twice since 2024 and saw its market share drop from 5.1% to 3.9% over the past year.
