Kate Duffy

EasyJet Plc said profit fell by 70% in its fiscal third quarter as the UK budget carrier continues to suffer from higher jet fuel costs and lower consumer demand, driven by the impact from the Middle East conflict.

London Heathrow Airport is seeing an increase in passengers transferring through the UK’s largest hub who would have previously stopped over in the Middle East, in a sign that travelers continue to circumvent the Gulf region.

Wizz Air Holdings Plc reported a quarterly loss and said it will continue to see challenges in the industry as the European budget carrier struggles to control expenses while the Iran war pushes jet fuel prices higher.

Castlelake LP abandoned its monthslong pursuit of EasyJet Plc by declining to raise its most recent bid of £5.5 billion, ceding the chase of the low-cost carrier to Apollo Global Management.

(Bloomberg) -- Apollo Global Management agreed to buy low-cost carrier EasyJet Plc for £5.7 billion ($7.7 billion), clinching a deal that's likely

Norse Atlantic ASA is in discussions with two Asian airlines to lease out Boeing Co. 787 Dreamliners, according to people familiar with the matter, as the Norwegian budget carrier struggles with low cash reserves and rising fuel costs.

Discussing the FINRA-style AI regulator reportedly under White House review.

With the deadline for reaching an agreement technically expiring, Trump pursues a hard line with Tehran as the stalemate in the Strait of Hormuz shows no signs of easing.

London Gatwick Airport is considering upgrades to its lounges, valet parking and hospitality services to cater to more premium-minded travelers, a strategic direction also being discussed by EasyJet Plc, its biggest customer.

Ryanair Holdings Plc pared back its passenger goal for this fiscal year as the Irish budget airline plans to operate a smaller winter schedule to limit exposure to soaring oil prices stemming from the Middle East conflict.