All Networks news – Page 1149
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Cathay Pacific returns to profit after nightmare
Cathay Pacific Airways is well on the way to putting last year's nightmare behind it, having announced an operating profit of HK$236 million ($30 million) for the six months ending 30 June, compared with a HK$39 million loss for the first half of 1998. The carrier, number two in ...
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Profits drop as overcapacity hits Europe's major carriers
Chris Jasper/LONDON Europe's major carriers are feeling the financial pinch as over-capacity takes its toll on income. British Airways, KLM and SAS are all reporting sharp declines in operating profits for the last quarter. BA posted a £200 million ($323 million) pre-tax profit for the three months to ...
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EC gives conditional approval to KLM/Alitalia deal
The European Commission (EC) has approved the alliance between KLM and Alitalia, but has made the near-merger subject to several conditions designed to ensure that third carriers have access to the two carriers' main hubs. The approval offers no objections to the total financial, organisational and legal integration of ...
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Mergers
American Airlines - due to complete its $124 million merger with Reno Air on 31 August - is to meet a private mediator and negotiators from the Allied Pilots Association this week to resolve a dispute over the integration of Reno pilots. A tentative agreement struck in July proved unacceptable ...
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Falling ticket prices hit US airlines
Chris Jasper/LONDON Falling ticket prices in the USA are beginning to squeeze the profits of the country's major airlines. Figures for the first six months of this year show that few carriers were able to increase profits and that most saw income fall compared with the same period last year. ...
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Boeing wins bulk of CAL order but Airbus takes widebody deal
Boeing has taken the bulk of China Airlines' (CAL) $5.6 billion buying spree, but lost out to rival Airbus on the much prized deal to supply new medium capacity widebodies. CAL has placed firm orders for up to 19 Boeing 747-400s and five 737-800s worth $3.8 billion, while Airbus' slice ...
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Mandarin seeks 737s after merger
Mandarin Airlines, which merged with Formosa Airlines on 8 August, is looking at acquiring six Boeing 737-800s by the end of next year. "We are going to lease three 737-800s from China Airlines [CAL] in November, and we may dry lease two to three more from the market next ...
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Anti-trust rejected
The US Department of Transportation has, as expected, rejected an anti-trust immunity request from British Airways and American Airlines which was linked to their planned alliance. Its decision was coloured by BA's reluctance to surrender slots at London Heathrow as a basis for a new US/UK open skies pact. ...
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Table: Top 50 Airlines
Click on links to view individual tables: TOP 1998 PROFIT-MAKERS …AND LOSS-MAKERS 1998 TOP 10 - SCHEDULED PASSENGER TRAFFIC 1998 TOP SCHEDULED CARGO CARRIERS 1998 TOP 10 - SCHEDULED PASSENGERS EUROPEAN AIRLINE SCHEDULED PASSENGER/FREIGHT STATISTICS 1998 NORTH AMERICAN AIRLINE SCHDULED PASSENGER/FREIGHT STATISTICS 1998 ASIAN ...
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Harsh financial lessons - Top 50 Airlines
After a largely successful 1998, today's going is much tougher for many major airlines Chris Jasper/LONDON The airline business has never been the world's quickest to learn the lessons of harsh financial experience. Unable to break free from a boom-bust cycle that can be traced back over several decades, ...
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China's airlines take road to recovery with reduced losses
Andrzej Jeziorski/SINGAPORE China's airlines have nearly halved their losses for the first half of this year compared with the same period in 1998, according to official reports. The state-controlled China Daily newspaper quotes Civil Aviation Administration of China (CAAC) figures showing that its member airlines suffered losses of 820 ...
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South African majors told to improve or close
South Africa's four main domestic carriers must raise fares and cut capacity or face possible closure, the chairman of the Airlines Association of South Africa and chief executive of South African Airlink, Rodger Foster, has warned. Foster says a fares war that began last November means ticket prices in ...
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SAir Group secures French beachhead
The European Commission (EC) has approved the joint acquisition of French carrier AOM by SAirGroup and French holding company Marine-Wendel (which will have a 51% stake). The EC says the activities of AOM and other SAir carriers are "largely complementary", with most of the former's business limited to France, where ...
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Top of the form
Taiwan's top carriers, China Airlines and EVA Airways, have made strong financial recoveries this year Brent Hannon/TAIPEI China Airlines (CAL) is aggressively expanding and modernising its fleet - in the past two months it has ordered 13 Boeing 747-400 freighters and picked up an option on five Boeing ...
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Domestic strife
Despite strong load factors and an expected 20% growth in local air travel, Taiwan's domestic carriers are losing money Brent Hannon/TAIPEI Taiwan's air transport industry lost $246 million last year, according to the Taipei Airlines Association. A survey of the airlines, however, showed a smaller total loss, of ...
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The show goes on
As mainland China blusters and threatens, Taiwan stages its fifth Taipei Aerospace show, playing down its traditional defence slantAndrzej Jeziorski/SINGAPORE Despite the continuing tense political situation between Taiwan and neighbouring mainland China across the Taiwan Strait, the Taipei Aerospace Technology Exhibition 99 (TATE99) has drawn increasing representation from Taiwan's own ...
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Engine data relay to give early warning
Data Systems & Solutions will begin a real-time engine health monitoring programme for German charter airline Condor as its 13 Rolls-Royce RB211-powered Boeing 757-300s enter service in the next several months. Information will be transmitted during flight to Data Systems & Solutions' engine health centre at Derby, UK. After ...
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IAI Airtruck details revealed
Arie Egozi/TEL AVIV Max Kingsley-Jones/LONDON Flight International has obtained the first detailed technical specifications on Israel Aircraft Industries' (IAI) Airtruck, as the Israeli company struggles to find a large enough customer base to launch its proposed twin turboprop freighter. IAI began developing the Airtruck several years ...
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United follows seat cutting fashion
Graham Warwick/WASHINGTON DC United Airlines is to remove one economy-class seat row from every aircraft in its domestic fleet to make room for a new "Economy Plus" product. The US carrier claims that the move is aimed at rewarding frequent and full-fare fliers with a new class offering increased-legroom - ...
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Boeing optimistic as talks with 777X launch group continue
Guy Norris/LOS ANGELES Boeing is in negotiations with a selected group of "tier one" airlines and leasing companies about deals for the 777X and is optimistic of meeting its launch schedule of the last quarter of this year for the General Electric GE90-powered twinjet, with a minimum of 35 ...