All Networks articles – Page 1335
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News
Turnaround in Mexico
Mexicana is 75 years old this year Geoffrey Jones/MEXICO CITY MEXICANA, THE OLDEST airline in North America, celebrates its 75th anniversary this year. Under the new leadership of chief executive Fernando Flores, Mexicana has an optimistic vision for the future as it consolidates its market strengths, both ...
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Financial results
Air France's $83.3m operating profit was its first since 1989. Passenger yields fell 6.5%, partly due to the strength of the French franc, and strikes cost $60m in lost revenue. The carrier made $402m of provisions for restructuring. Part of Finnair's growth was due to the 12% ...
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Financial data
Economic trends: Fuel prices appear to have stabilised, and spot prices are back at the level before the March increase. Airline traffic: May traffic was buoyant for the US majors, with revenue passenger km rising 7.6 percent and load factors up 3.2 points. Six of ...
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Seoul seeks North accord
South Korea is trying to block Pyongyang's attempts to end years of isolation by widening commercial aviation links, unless North Korea agrees to extend its offer of opening its airways to all carriers and sign a joint air traffic control accord for the peninsula. The latest manoeuvring by ...
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Fresh threat to Air France
The creation of a powerful private French competitor to threaten Air France's domestic dominance is closer to reality, following the signing of a cooperation agreement between Air Liberté and AOM. Although the two medium-sized French airlines are limiting themselves to a codesharing agreement, Air Liberté admits that the ...
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Airline news
Unijet Group is to take over full ownership of Leisure International Airways by the end of April 1997, increasing its shareholding from the current 40 per cent. Continental Airlines introduced a daily route from New York/Newark to Quito via Bogota, a weekly flight to Düsseldorf, and second daily ...
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Alitalia plans more links
Once its restructuring plan is finally in place Alitalia will start the search for more alliances, and it may even invite partners to take a share in developing the new hub at Milan/Malpensa, according to new chairman Fausto Cereti. 'We plan to be a piece of a global ...
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Alliance: is it a beauty or beast?
The proposed American/BA alliance poses the latest big challenge for the regulators.Beauty is in the eye of the beholder, says the old saying. In other words, it all depends on your perspective. Take the proposed American Airlines- British Airways link, where the truth is obscured by a maelstrom of claims ...
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Latin tie-ups for American
American Airlines is heating up the Latin American market, forcing its agenda in Colombia while signing up the El Salvador-based Taca consortium of airlines to an extensive codesharing pact that the new partners hope will end with antitrust immunity and US-Central America open skies. This may be the first of ...
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Ancient and modern
Saudi Arabian's new name and image are the latest components in a programme of wholesale change at the airline. Director general Dr Khaled A Ben-Bakr talks to Richard Whitaker. When it comes to changing things, Dr Khaled Ben-Bakr isn't reticent. Last year's order for $6 billion worth of new aircraft ...
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Antitrust is key in open skies talks
The proposed BA/American alliance is forcing regulators to examine airline mergers more closely than ever, while Brussels is nearer to gaining a full mandate to negotiate with the US. Report by Mark Odell, Lois Jones and Mead Jennings.While UK and US regulators concentrate on the task of assessing the implications ...
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Arabs set to close ranks
Attempts to boost aviation cooperation in the Arab world are gathering pace. Ten carriers are considering a consultants' study recommending a pan-Arab airline alliance, while the birth of the long-awaited Arab Civil Aviation Commis- sion promises to strengthen ties further. A nine-month study on behalf of 10 of ...
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Asia's triple owner shift
Three major Asian carriers have signalled a new round of ownership changes to help fund up to $9 billion of aircraft orders. Garuda has begun a major restructuring ahead of privatisation, Philippine Airlines plans a public share offering, and Malaysia Airlines may sell 10 per cent of its stock to ...
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Aussie hints at price war
Aussie hints at price war ustralia's airline industry may be heading for a Christmas confrontation as two newcomers, Aussie Airlines and Kiwi International, prepare to fly on routes dominated by incumbents Qantas and Ansett. The prospect of a fare war during peak season emerged after a Federal Court ...
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Bow to no man
Pieter Bouw, the president of KLM, will need all his knowledge of the industry to rise above the crisis in the relationship with Northwest Airlines, growing competition from other hubs and US-European alliances, and insufficient market share in Europe. Interview by Jackie Gallacher. Airline Business: KLM's operating result declined ...
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Dragonair breaks ice
Confirming Beijing's increasing influence over Hong Kong, a surprising number of clouds over the territory's aviation arena melted away within days of Cathay Pacific's shareholders approving the deal giving China National Aviation Corporation control of Dragonair. Taiwan headed the list, with Hong Kong's Sino-British Joint Liaison Group giving ...
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Canada's hair of the dog?
Canada's federal cabinet has overruled a National Transportation Agency decision and allowed coach operator Greyhound to launch a low-cost, no-frills airline that became Canada's fourth scheduled trans-continental carrier in early July. The NTA had previously blocked Greyhound's plans by ruling that the company could not obtain its own ...
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Smart cards to chip in
European carriers tend to wait for the thumbs-up from their US counterparts before pursuing any new trend. Yet the advanced stages of development of some of the carriers' electronic distribution products in Europe underscores their confidence in the huge potential this area has for transforming the business. The 'me-tooism' of ...
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Wired for a new era
Last April, Dr Julius Maldutis, the airline analyst for Salomon Brothers who's never at a loss for superlatives, labelled electronic distribution the US airline industry's 'third revolution,' behind deregulation and the introduction of the jet. If an industry-wide on-line auction system for unsold seats existed, it would have added $5.7 ...