Kate Duffy

British Airways continues to face aircraft delivery delays from Boeing Co. and Airbus SE as the UK’s flagship carrier expects supply chain issues to persist for the next five years.

Boeing Co. secured a flurry of deals on the opening day of the Farnborough International Airshow, pulling in almost 150 orders, though Airbus SE punched back with a big commitment in the afternoon as the two rivals fight for business from airlines and leasing companies.

Boeing secured a flurry of deals on the opening day of the Farnborough International Airshow on Monday, pulling in almost 150 orders, though Airbus

Virgin Atlantic Airways is ahead of its plan to improve on operating results, though returning to profit is unlikely to happen this year as geopolitical challenges continue to weigh on global airlines’ earnings.

EasyJet Plc shares fell the most in four years on Wednesday after Reuters reported that the European Union is preparing to review airline ownership rules that it said might affect takeover bids for the low-cost carrier by two US investment firms.

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