News from FlightGlobal – Page 1606
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News
Earnings stumble on oil slick
Earnings in Asia have fallen for the third quarter in a row as carriers continued to battle high fuel prices. But there was some positive news for the region
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Debts mount at troubled Garuda
Garuda Indonesia’s financial position is continuing to deteriorate, forcing the state-owned carrier to again approach creditors in a bid to rework its debt repayments.
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Asian group warns against over-reaction...
Health crises, taxation, insurance and fuel cost issues dominated discussion at the Association of Asia Pacific Airlines’ (AAPA) annual gathering of member airline chief executives.
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Qantas under siege as rivals crowd in
Qantas faces threats from Singapore Airlines (SIA) and Emirates – its two biggest rivals – on its two most important overseas routes.
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Surcharges bring revenue joy
Despite the rise in fuel prices, European carriers have seen strong revenue growth on the back of fuel surcharges and strong hedging strategies
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Aloha waves goodbye to Chapter 11
Aloha Airlines is poised to bid farewell to a relatively rapid trip through bankruptcy reorganisation, winning court clearance to exit Chapter 11 protection.
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BA swings its management axe
British Airways plans to reduce its management headcount by more than a third by 2008 – including half of all senior managers.
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Backers emerge for Virgin America plans
Virgin Group chairman Richard Branson’s long-held ambition to create a domestic US carrier appears to have taken a major step forward as he secures investors for his Virgin America project.
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Star raises prospect of airport boycotts
The airline-airport dispute has become an alliance-wide issue through an initiative begun by Air Canada’s Robert Milton, a vocal critic of spending at Toronto airport.