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The corporation began operations on January 1, 1985, in Washington, D.C., settling financial ticket transactions between airlines and travel agencies. ARC is the successor to the Air Traffic Conference of America, an operating division of Airlines for America, formerly known as the Air Transport Association of America, Inc. (ATA).
The agency's Air Transportation Operations Inspector's Handbook (FAA Order 8400.10, August 9, 2006) details what a valid FOQA system contains. An excerpt from Volume 1, Chapter 5, Section 2, page 1-221 of this FAA document states: "Flight Operational Quality Assurance (FOQA) is a voluntary safety program designed to improve aviation safety ...
Southwest Airlines, the largest operator of the type with 34 MAXs and a further 262 on order, canceled thousands of flights and said the aircraft had a financial impact of $435 million for the first three quarters of 2019. In December 2019, Southwest reached an initial agreement with Boeing.
American Airlines is lowering some of its second-quarter financial forecasts and has announced the departure of its chief commercial officer. Shares slid more than 14% Wednesday and shares of all ...
An airlines sector-related exchange traded fund is poised to benefit from the pent-up consumer demand heading into the historically busy summer travel season. In the recent webcast, Airline Stocks ...
Spirit Airlines is cutting jobs and selling off some jets worth millions of dollars as the budget carrier aims to cut costs amid looming financial struggles and an uncertain future. In a Thursday ...
In 2016, GECAS was ranked as "World's Top Lessor" by AirFinance Journal and Airline Economics magazines. In September 2018, GE hired Goldman Sachs to review GECAS' strategy as its portfolio value declined since 2012 from $34.1 to $23.6 billion, evaluating a full sale or a company break-up like Guinness Peat Aviation from which it emerged in ...
Final rules issued by the DOT in April required airlines and ticket agents to disclose service fees alongside the airfare, in a move to help consumers avoid unneeded or unexpected fees, as part of ...