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Latest News Headlines

Dubai Aerospace Enterprise (DAE) signed (26-Feb-2026) a definitive agreement to acquire 100% of Macquarie AirFinance for an approximate enterprise value of USD7 billion. The transaction is expected to close in 2H2026 and will be funded through a combination of debt and equity. The combined company will have a pro forma fleet of 1029 owned, managed and committed aircraft and will serve 191 airline customers in 79 countries. Narrowbody aircraft will make up approximately 70% of the combined fleet. DAE expects to add 37 new airline customers to its portfolio on completion. [more - original PR]

Background ✨

DAE's fleet scale was reshaped by its USD2 billion acquisition of Nordic Aviation Capital, completed in May-2025, lifting the owned, managed and committed fleet to about 750 aircraft and expanding its lessee base to 161 airlines in 74 countries, according to CEO Firoz Tarapore.1 2 In 2025, it acquired 280 aircraft, sold 111-112 and raised USD3.9 billion in debt financing, including a USD650 million sukuk.3 4

Italia Trasporto Aereo (ITA Airways) announced (25-Feb-2026) the cancellation of approximately 50% of its flights scheduled for 26-Feb-2026 due to a 24 hour national air transport strike in Italy. Affected passengers will be able to change their flight free of charge or receive a refund. [more - original PR]

Background ✨

Italia Trasporto Aereo previously cancelled 72 flights on 17-Dec-2025 due to a national air transport strike in Italy, offering free changes or refunds.1 It also cancelled 23 domestic flights on 28-Nov-2025 amid a 24 hour national general strike.2 Earlier disruption included 48 domestic cancellations on 09-Feb-2024 during a 24 hour sector strike, while international flights were maintained.3

Aer Lingus reported (25-Feb-2026) new travel document requirements for travel between Ireland and the UK. All customers, including Irish and British nationals, will require a passport or an Irish passport card for travel. The UK Government also introduced new travel requirements from 25-Feb-2026, with most visitors travelling to the UK requiring an approved electronic travel authorisation or eVISA. [more - original PR]

Background ✨

Aer Lingus said the Ireland-UK document change took effect 25-Feb-2026, requiring all customers to present a passport or Irish passport card, while non-Irish and non-British nationals also needed an electronic travel authorisation or eVISA.1 The UK Government’s ETA scheme was rolled out from 08-Jan-2025 for eligible non-Europeans and from 02-Apr-2025 for eligible Europeans, with applications opening 27-Nov-2024 and 05-Mar-2025 respectively.2

Etihad Airways announced (25-Feb-2026) plans to deploy A380 aircraft on once daily on Abu Dhabi-Bangkok Suvarnabhumi service from 25-Oct-2026. The aircraft will feature 'The Residence' cabin, nine First Apartments, 70 business class, 68 Economy Space and 337 economy class seats. Etihad Airways chief revenue and commercial officer Arik De said: "With the A380 flying to Bangkok, we're offering greater choice and significant additional capacity on one of our most popular leisure routes". [more - original PR]

Background ✨

Etihad previously scheduled A380 deployments across its network, including daily Abu Dhabi-Singapore from 01-Feb-2025, expanding the type to a fourth destination after London, New York and Paris1. It also planned a 486-seat A380 on daily Abu Dhabi-Toronto from 24-Jun-2025, upgauging from 371-seat A350-1000 equipment per OAG2. On Bangkok, Etihad earlier increased Abu Dhabi-Bangkok to twice daily from 26-Mar-20233.

Azul announced (25-Feb-2026) the completion of its voluntary financial restructuring process and emergence from Chapter 11 conducted before the US Bankruptcy Court with the following financial key achievements:

  • USD850 million of new equity investments, including from existing bondholders and USD100 million from United Airlines;
  • Execution of a commitment with American Airlines for an incremental USD100 million equity investment;
  • USD1.375 billion of new exit notes;
  • Reduction of loans and financing debt and lease liabilities by USD2.5 billion;
  • Reduction of annual interest paid on loans and financing by over 50%;
  • Reduction of fleet debt by 36% and aircraft leasing costs by 33.3%. [more - original PR]

Background ✨

Azul's US Bankruptcy Court-approved plan progressed through a court-approved disclosure statement and a USD650 million backstop, before receiving unanimous voting creditor support and final court approval.1 2 It subsequently priced a USD1.4 billion exit financing, with Moody's and Fitch assigning B2 and expected B- ratings, respectively.3 4 Regulatory clearance enabled United Airlines' USD100 million share subscription (settling 20-Feb-2026), while American Airlines' USD100 million warrant investment remained subject to Brazil CADE approval.5 6

Qantas Group reported (26-Feb-2026) the following fleet highlights for H1FY2026:

Qantas Group CEO Vanessa Hudson partly attributed the Group's strong financial performance in H1FY2026 to the delivery of next generation aircraft, stating: "These new aircraft are not only improving the experience for our customers and opening up new opportunities for our people, they're also helping drive our financial performance". Ms Hudson said: "Around 60% of Jetstar's increase in profitability in the half was driven by its new aircraft, through a combination of growth, new network opportunities and the redeployment of existing aircraft onto other routes". She continued: "We've already started to see an acceleration in deliveries for Qantas, with six new aircraft arriving in the half and a further 30 arriving over the next 18 months", adding: "Some of these new aircraft will replace older aircraft, while some will support growth by opening up new routes, like the ultra long range A350s, which will operate Project Sunrise flights". Qantas Airways reported the following fleet plans for the near and medium term:

  • Commence planned retirement of older Boeing 737s in late 2026, enabled by continued delivery of new aircraft, including A321XLRs;
  • Deploy 787 on Melbourne-Los Angeles service, replacing A380 equipment, due to "reduced demand in economy for flights from Australia to the US";
  • Deploy A380 equipment on Sydney-Singapore service;
  • Refurbish 10 A330s, including new economy seats and entertainment screens;
  • Resume deployment of first refurbished Jetstar 787 from Mar-2026. [more - original PR]

Background ✨

Qantas Group ordered an additional 20 A321XLRs, taking its total to 48, with the new batch (including 16 with lie-flat business seats and seatback IFE) scheduled from 2028; it expected to operate seven A321XLRs by end-FY2026, while Jetstar’s A321XLRs were due from 20271. CAPA also noted Qantas planned to take delivery of three A350-1000ULRs before launching Project Sunrise flights2.

Most Read News Headlines

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Air France-KLM CEO Benjamin Smith stated (19-Feb-2026) the company plans to increase its minority stake in SAS to 60.5% by the end of 2026. The group also plans to make a non-binding offer for a stake in TAP Air Portugal. Mr Smith added: "The network TAP has in place is very complementary. Having an entry point into Latin America from the Iberian peninsula would be extremely strong for us". [more - Aviation Week]

Background ✨

Air France-KLM aimed to formalise its expression of interest in TAP Air Portugal by end-Nov-2025, with the privatisation process expected to conclude by early summer 2026; Lufthansa and IAG also expressed interest in TAP, whose South American network, especially to Brazil, is seen as a key asset by its CEO Luis Rodrigues1 2 3. The group has been progressing regulatory approval to acquire a majority stake in SAS4 5.

Webjet Group issued (13-Feb-2026) an update on the following previous announcements:

  • On 19-Nov-2025, the company received a non-binding and indicative offer from Helloworld Travel Limited to acquire 100% of the shares in Webjet that Helloworld did not already own by way of a scheme of arrangement;
  • On 21-Nov-2025, the company received a revised non-binding and indicative offer from BGH Capital to acquire all the shares in Webjet not already owned by BGH and its associates via an off-market takeover.

Webjet stated it has "engaged constructively" with both entities over the past 12 weeks, providing each with due diligence access. WebJet added that it has not received a proposal from either party which is consistent with "the respective indicative proposals" or a proposal "capable of being put to shareholders". WebJet concluded that discussions with both Helloworld and BGH have ceased. Webjet projected underlying EBITDA for FY2026 to be in the range of AUD28 million (USD19.8 million) to AUD29 million (USD20.6 million), excluding Webjet Business Travel. Webjet also confirmed it lodged the requisite notification to commence its on-market share buy-back programme of up to AUD25 million (USD17.7 million), which was put on hold following receipt of the Helloworld proposal and revised BGH proposal. [more - original PR]

Background ✨

Helloworld Travel Limited had obtained clearance from the Australian Competition and Consumer Commission for its potential acquisition of Webjet and was progressing with due diligence following its proposal to acquire all Webjet shares it did not already own1 2. Helloworld held a 17.3% stake in Webjet, and its proposal was subject to several conditions, including due diligence, regulatory approval and a scheme implementation deed2.

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