All news – Page 6778
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Rule Britannia?
Backed by their tour operators, UK charter carriers Airtours and Britannia Airways are expanding into European markets like Germany and Scandinavia, pushing prices down and disturbing the cosy status quo. Report by Tom Gill When Britannia began providing intercontinental services out of Germany late last year, alarm bells began ringing ...
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Chile's high flier
The Chilean economy and its national flag carrier now feel strong enough to insist on US antitrust immunity for the proposed alliance with American Airlines as a precondition for open skies. David Knibb reports from Santiago. Like the Andean condor, Chileans are a rare breed. Among Latin Americans the ...
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Reform is vital to Japan's recovery
An overriding objective for the Western industrial nations during the East Asian financial crisis has been to limit the contagion in the region - specifically, to keep it away from Japan. There has been a clear awareness that Japan, the world's second most productive economy, has acute problems in both ...
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Competition rules in US
A new US Department of Transportation policy document defining anticompetitive behaviour, is prompting cries of 'reregulation' from most US majors. The document has appeared in the wake of a Senate hearing on the competitive impact of the US hub-and-spoke system, adding heat to an uncomfortable spotlight that seems set ...
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Crossing into the EU
The launch of its French subsidiary will give Crossair greater access to southern European markets and boost its Basle hub. Tom Gill reports. 'Some guys talk about the Star Alliance; well, we have our own new born star.' The star Crossair's president and CEO Moritz Suter is hailing is a ...
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Two Bobs stir the immunity debate
Could the two Bobs - Ayling and Crandall - have had an inkling of the amount of controversy they would raise when they first aired their plan to forge an alliance between their airlines? That controversy took yet another turn in March when Robert Ayling, chief executive of British ...
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Delta's quick fix?
Delta Air Lines' new chief executive Leo Mullin is getting to grips with the idiosyncrasies of the airline industry and rapidly addressing issues like service and low staff morale. But his options on the alliances front look limited. Karen Walker reports. 'This is a very strange industry,' remarked Delta ...
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Airline News May 1998
Delta Air Lines started code-sharing with Air Jamaica on 6 April on services from Atlanta, Miami and New York to Montego Bay, Kingston, Barbados and St Lucia, and from Atlanta to Boston, Cincinnati, Hartford, Memphis, and San Francisco. Finnair and Iberia have begun codesharing on Helsinki-Barcelona-Madrid. Northwest Airlines ...
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Majors face test in Washington
Just as Washington is focusing on airlines, the carriers plan further concentration. The world of aviation is full of ironies. The competitive structure of the US airline industry is under closer political scrutiny than ever, with Senate hearings, a Department of Transportation policy statement on anti-competitive behaviour, and rumblings from ...
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International route launches helped reduce...
International route launches helped reduce Braathens' operating profit by 19%. In 1996 there was a $28.6m extraordinary loss. British Midland's pre-tax profits almost tripled, helped by higher yields, a 7.5% increase in passengers, and a brief strike at British Airways. Profits fell at Cintra, the holding company for Aeromexico, Mexicana ...
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Asian storm hits Garuda
The Asian economic slump is reinforcing industry opinion that the outlook for Indonesian carrier Garuda is bleak. Aviation analyst Nora Chang of HSBC James Capel echoes the general industry view when she rates Garuda's survival chances as 'poor'. But the Indonesian carrier is desperately cutting costs in a bid ...
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JAL takes big write-down
Japan Airlines has turned the year of the tiger into the year of cleaning up its balance sheet. JAL ended its financial year with a massive write-off which aims to speed its return to profits. Without the write-off of US$1.2 billion on 31 March, JAL would have reported a ...
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Emirates buys Lanka
Armed with a restructuring plan, Emirates Airlines has stepped in as a strategic investor for Air Lanka. The Sri Lankan government has sold a 40 per cent stake in Air Lanka to Emirates for US$70 million in cash. Sri Lankan aviation minister Dharmasiri Senanayake says Emirates has already paid ...
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US boost for Latin club
Trans World Airlines was planning in late April to join US Airways and become the second US airline partner in the regional frequent flyer programme, LatinPass. This follows the recent decision by Venezuela's Aeropostal, following its privatisation and revival, to join LatinPass. The addition of the two new members ...
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Poles apart from capital?
A proposed change in Polish state ownership law could further delay a vital capital injection for cash-starved LOT Polish Airlines, just as the Polish government lines up potential investors. The Polish government was due to shortlist consortium bidders for LOT in April and declare a winner by the end ...
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Oz-Latin accord
Qantas expected in April to announce a codeshare on the Sydney-Auckland-Buenos Aires route operated by Aerolineas Argentinas. The Australian carrier is also considering its own Latin American flights as part of a capacity redeployment from Asia to markets with more potential. Source: Airline Business
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Boeing woes
Boeing's production recovery programme has reached its riskiest point, with production of its new generation 737s doubling from seven to 14 a month. Boeing took an additional $350 million charge against the programme in the first quarter. The company, which will lay off 8,200 employees by the year 2000 as ...
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Continental leads CRS bypass move
The continuing battle between airlines and computerised reservations systems over rising costs took an unexpected twist in late March when Continental Airlines forced Galileo International to rescind a new fee it planned to impose on electronic tickets. Continental also announced that it planned to cut its distribution costs further by ...
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Chaos reigns at Olympic
Olympic Airways' employees are taking strike action over the Socialist government's decision to impose new working conditions. A series of strikes by Olympic workers in April reduced the flag carrier's services to one daily flight to one destination. Some 50 international and 30 domestic flights were being cancelled daily, ...
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Peru turns protective
Peru's President Alberto Fujimori has completed a changeover in aviation administrators and his new team is already taking a closer look at the implications of liberalisation for Peruvian airlines. Fujimori's latest personnel change was to replace the current head of the Director General Transportes Aereos (DGTA)with a new appointee, ...