Despite a soaring share of the domestic market, Qantas is cutting more of its international network after further traffic falls, ending service to New York and reducing service to Rome, Bangkok and Buenos Aires. It also plans to cut 2,000 jobs - on top of 1,500 already lost - and ground five Boeing 747-400s.
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.
