AA AND IAG MERGER A REAL FUTURE PROSPECT
Tom Horton, the American Airlines president, has described the transatlantic alliance with International Airlines Group – parent of British Airways and Iberia, a “synthetic merger” and indicated that ...
Tom Horton, the American Airlines president, has described the transatlantic alliance with International Airlines Group – parent of British Airways and Iberia, a “synthetic merger” and indicated that ...
British Airways, part of International Airlines Group, is refusing to pay a £121.5m fine from the Office of Fair Trading in 2007 for allegedly fixing the price of fuel surcharges. The UK airline says ...
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...
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...
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...
After cutting fares when the FAA stopped collecting taxes, Spirit Airlines bookings’ growth had increased by 43% between Saturday and Tuesday, compared with a 23% gain in the first three weeks of the ...
Brazilian airline Gol Linhas Aereas (Gol) has lowered its outlook for 2011 operational margins as rising fuel and additional personnel costs impact earnings. In a securities filing, Gol slashed its op...
In light of the difficult operating environment, Deutsche Lufthansa is stepping up cost cutting and restructuring at both Austrian Airlines and British Midland Airways (BMI). The move is an attempt to...
We're Social