International Consolidated Airlines Group S.A.

A year ago, many airlines were still burning through cash as some countries were slow to remove coronavirus-related travel restrictions. Now, with borders fully open, some of those carriers are posting big profits. “This is a huge turnaround considering the massive losses we were facing just 12 months ago,” Qantas Chief Executive Alan Joyce said. The results are being driven by a combination of pent-up demand from consumers eager to travel after being stymied by…

The world’s biggest passenger airliners—many of which had been earmarked for the scrapyard—are being brought back into service as carriers rush to restore long-haul air travel.Aircraft lessors said airlines are clamoring for their once-parked fleets of big jets, which typically each ferry hundreds of passengers on long-distance routes. The demand is limiting availability and pushing up the prices of rentals.  The wait for new aircraft, meanwhile, stretches for years. Sought-after wide-body planes, which contain seats…

ITA Airways launched operations in October last year with less than half of Alitalia’s fleet. Photo: patrick t. fallon/Agence France-Presse/Getty Images…

Airlines and airports around the world have been extending passenger caps and cuts to flight schedules through the fall and winter, attempting to steady operations after a wild summer of global travel disruptions that show signs of easing.The aviation industry struggled to keep up with a crush of travelers that took to the skies this summer. That pressure is beginning to let up as the peak vacation season ebbs and as some of the emergency measures the industry took to reduce capacity begin to make a difference. Airports…