Monarch, the largest ever UK airline to collapse, has ceased trading after losing its licence to sell package holidays in the UK.
British Airways (BA) owner AIG reported a rise in profits despite an IT failure in May, which affected 75,000 passengers.
Air traffic controllers have said that UK skies are “exceptionally crowded” as the number of flights hits a record high.
Government ministers in India approved plans to privatise Air India, the debt-laden national carrier on Wednesday.
Budget airline AirAsia plans to enter the Chinese market, by setting up a new low-cost carrier in the central eastern city of Zhengzhou.