Austrian Airlines group is to reduce its 8,000-strong workforce by 12% as it cuts its capacity by 8% in 2002. This is on top of a capacity cut of 10% announced in October. Austrian will concentrate on east-west routes and a "focused" range of long-haul destinations from its Vienna hub. Services to New York, Delhi, Osaka, Amman, Bremen and Budapest will be reduced and Beirut dropped altogether.
Source: Airline Business
Lufthansa Group expects to close its deal to acquire a 41% stake in ITA Airways in the fourth quarter after securing conditional European Commission clearance for the transaction.
Air France-KLM has warned that travellers avoiding Paris due to the forthcoming Olympic Games could cause a revenue hit of up to €180 million ($193 million) at its French operations.
WestJet’s operations over the long Canada Day weekend have been massively disrupted by striking mechanics, forcing the airline to cancel hundreds of flights and disrupt the air travel plans of thousands of passengers.
