IAG REPORTS €71 MILLION HALF-YEAR PROFIT
International Airlines Group, parent of British Airways and Iberia, has posted a net profit of €71 million for the 2011 first half. This is a reversal from the €352 million net deficit reported by Bri...
International Airlines Group, parent of British Airways and Iberia, has posted a net profit of €71 million for the 2011 first half. This is a reversal from the €352 million net deficit reported by Bri...
BMI British Midland has recorded a total operating loss of £105m for the first half of 2011 – a 29% decline on the first six months of 2010. In a statement, the company said: "In the light of the ongo...
New analysis from the Financial Times has revealed that investment in hedge funds turned out to be a poor investment for US pension funds, which have failed to pick the best performing funds. The FT f...
Kiln, an international insurance and reinsurance underwriting group and a member of Tokio Marine Group, has introduced a new aviation unit in Singapore to underwrite aviation risks. The aviation team ...
Tiger Airways will not be able to meet the formal conditions set out by the Civil Aviation Safety Authority as conditions for it to resume services. The airline has begun refunding money to passengers...
The Indian government has approved an advance equity infusion of Rs 250 crore to Air India to ensure that the airline can pay its bank debt and avoid a default. The airline was on the verge of default...
Several members of Star Alliance have expressed concern over Air India’s entry into the airline consortium – all eager to take a slice of the burgeoning Indian air travel market. Star Alliance will me...
Air China has bought a 31% stake in Tibet Airlines for CNY86.8 million ($13.5 million). The government-owned airline bought the stake from Tibet Autonomous Region Investment Co., which originally hel...
Singapore Airlines has reported an 82% slump in net income to S$44.7 million ($37 million) in the three months ended June. Shares fell as much as 9.3% on the news – the most on an intraday basis since...
Aon Aviation has reported that so far 2011 has delivered a record low level of airline insurance claims. “The current loss figure, excluding minor losses, is US$120.68 million so far this year, compar...
Transportation Secretary Ray LaHood has demanded the bill is passed to end the Federal Aviation Administration closed. At a White House briefing yesterday, LaHood said: “Congress needs to pass a clean...
Delta Air Lines has reported second quarter adjusted earnings per share of 43 cents, missing analysts’ estimates by a penny. Although revenue climbed 12% year over year to $9.15 billion, the airline’s...
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