-LATAM Airlines agreed to pay a $12.75 million fine for bribing union officials in Argentine, USA Today reports. The South American airline created a $1.15 million consulting agreement as the consultant was supposed to help draft an agreement to bribe union officials.
-It has not been a good first half of 2016 for airlines, according to this Wall Street Journal article. “On both sides of the Atlantic, plunging fares, terrorism fears and currency swings are buffeting big legacy carriers and budget airlines alike,” the article says.
-Airlines continue to scale back orders of larger, wide-body jets. “Wide-body sales have stalled this year as inexpensive fuel and a glut of readily available used jets diminishes airlines’ need to upgrade their fleets,” reports Bloomberg News.
Premium content for only $0.99
For the most comprehensive local coverage, subscribe today.