Spirit Airlines has reached an agreement in principle with its pilots and flight attendants. Both agreements, which are subject to definitive documentation, ratification, and court approval, represent "important steps and additional progress in the company's ongoing Chapter 11 restructuring to position Spirit for the future", the airline says. Spirit's pilots are represented by the Air Line Pilots Association (ALPA), while its flight attendants are represented by the Association of Flight Attendants-CWA (AFA). Spirit notes its senior leadership has committed to taking a salary reduction at "a percentage not less than the pilot group's reduction upon ratification of a tentative agreement with pilots". Dave Davis, president and chief executive of Spirit, states: "These agreements reflect the shared commitment of our team members and principal labour unions in securing a successful future for Spirit, and we thank ALPA and AFA leadership for their partnership and collaboration. "We're grateful to our pilots and flight attendants for their professionalism, resilience and unwavering commitment to safety and our guests as we work to build a stronger airline that Americans can count on for many years to come." The company estimates that the annual savings from these agreements in principle, if implemented, achieves the target necessary for its next draw under its debtor-in-possession financing. Last month, Spirit received bankruptcy-court approval for a multi-tranche debtor-in-possession financing facility of up to $475 million from its bondholders.

Qantas continues to benefit from strong demand, but has guided that unit revenues on its domestic network will come in at the lower end of its previous guidance as some segments of corporate demand are not growing as fast as expected. The airline group says in a 7 November market update that it "continues to see strong trading conditions" but adds that geopolitical events are creating fuel price volatility "with jet refining margins remaining elevated". It adds that group unit revenue on its domestic network "is now expected to increase by approximately 3 per cent in 1H26", compared to its previous guidance of 3-5% growth in unit revenue, which was given when it released its 2025 financial results in August. "Leisure, [small and medium enterprise] and resource market demand remain strong. Non-resource corporate demand continues to grow but at a slower rate than previously forecast. Jetstar domestic demand has remained strong," the carrier states. It has also guided that underlying earnings before interest and tax for its Jetstar group segment is expected to be A$30 million loss in the first half of fiscal 2026 due to Jetstar Asia ceasing operations on 31 July and an expected A$20 million noncash impact on earnings from lease liabilities at Jetstar Japan linked to the weaker Japanese yen against the US dollar. On the international front, it has not changed its previous guidance of 2-3% unit revenue growth but has trimmed its first half capacity outlook from a 7% increase to a 6% increase due to delays in returning its A380 fleet to service. At the same time, it released the update, it launched a new 'Economy Plus' offering that will offer economy customers access to extra legroom seats, priority boarding and priority access to overhead baggage space on flights operated by its narrowbody Airbus A220s and A321XLRs. It will also be rolled out on its Boeing 737 fleet as it undergoes a reconfiguration from December. Qantas also announced that its first A350-1000ULR has completed major assembly at Airbus's Toulouse facility and will move to a new hangar to have engines and flight test instrumentation fitted for a flight test programme that commences in 2026. The ULRs will be used to launch nonstop flights from Australia's east coast in the first half of 2027 to destinations in Europe and the US east coast under the 'Project Sunrise' moniker.

Air Europa has concluded acquisition talks with Turkish Airlines, paving the way for the Istanbul-based carrier to acquire a 26% stake in the Spanish airline through an investment of €300 million ($345 million). The transaction, structured as an "exchangeable" loan, will convert into equity once regulatory and competition approvals are secured, a process expected to take six to 12 months. Negotiations began before the summer under the leadership of Javier Hidalgo, chief executive of Air Europa parent Globalia. Turkish Airlines’ binding offer was accepted in August, and the deal now moves forward pending regulatory approval. The agreement values Air Europa at approximately €1.175 billion, according to the airline. The new shareholding structure will see Globalia retain majority control of the Spanish carrier, Turkish control 26% and IAG hold 20%. For Air Europa, the capital injection enables early repayment of nearly €500 million in loans from Spain’s state-owned SEPI and accrued interest, completing a key phase in its financial deleveraging strategy. The airline also settled a €141 million ICO-backed loan earlier this year, marking a significant turnaround since the pandemic. "The transaction documentation process has been completed and the partnership agreement signed," says Turkish Airlines. "The investment will primarily take the form of a capital increase, with the stake expected to range between 25% and 27% after closing."