News from FlightGlobal – Page 2070
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Air Canada takes action to counter business slump
Responding to a C$108 million ($70 million) second quarter loss and predictions for an unprofitable year, Air Canada plans to cut costs and capacity, and launch its own discount airline.
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Antitrust winds shift on United/US Airways collapse
The collapse of the ambitious but stillborn plan by US Airways to merge into United Airlines has left Washington wondering how closely to read the tea leaves of the antitrust objections that killed the $4.3 billion proposal.
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Democrats majority shows in the Senate
The Democrats' take-over of the US Senate has already begun to show through in a more aggressive antitrust agenda and pressure for federal action on delays.
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American poses contract dilemma for unions
During a period when labour disputes are an all too regular feature of US airline life,American Airlines has introduced a new element to opening contract negotiations.
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Hold on tight
Do recent traffic declines signal a fundamental shift in the link between GDPand airline growth asks Chris Tarry of Commerzbank?
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No light yet at the end of the tunnel
The driving factors behind a June quarter operating loss for USairlines were lower corporate spending and higher labour costs. Prospects seem glum for the rest of 2001 and the outlook for 2002 is equally uncertain, writes Jane Levere.
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ANZ awaits word from Wellington
A decision with long-range implications for Australasian aviation is due from the New Zealand Government by early September before the next meeting of the Air New Zealand (ANZ) board.
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Cathay dispute refuses to die down
Cathay Pacific started August by declaring that its labour dispute with pilots was at an end. But as the month wore on, it was again being forced to cancel flights, this time due to the levels of sick leave.
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China backs down from threat to blank Boeing
China's Government is finalising a multi-billion-dollar agreement with Boeing - after months of threatening to snub US companies and buy high-value goods from suppliers in other countries.
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Down time
The slump has come early for the major USairlines, with business travel numbers in free-fall, even though the economy is still just about managing to grow. Ominously there is evidence that this time the cuts may be structural rather than snapping back once the good times return. It may be ...