airline industry

Air France-KLM posts $A2.19b net loss

Thu 20/05/10 - 05:34:59 vs6

Slumping air traffic, particularly for cargo, drove the company to its biggest loss since it was created by the 2004 merger of Air France and KLM and followed a loss of 811 million euros ($A1.15 billion) in the previous financial year. "2009-10 will go on record as our

Tags : au.biz.yahoo.com, Global Economic Crisis, airline industry, profound effect, air traffic, chief executive, slump

Air France-KLM posts $A2.19b net loss

Thu 20/05/10 - 04:35:08 vs6

AFP Air France-KLM has posted a record net loss of 1.55 billion euros ($A2.19 billion) for its 2009-2010 financial year as the Franco-Dutch airline grappled with the global economic crisis and a deadly crash. Slumping air traffic, particularly for cargo, drove the company to its

Tags : news.smh.com.au, Global Economic Crisis, annus horribilis, deadly crash, airline industry, profound effect, air traffic, chief executive, slump, RON

Air France-KLM posts record net loss of 1.55 bln euros

Thu 20/05/10 - 02:35:18 vs6

Click to enlarge photo Slumping air traffic, particularly for cargo, drove the company to its biggest loss since it was created by the 2004 merger of Air France and KLM and followed a loss of 811 million euros (1.0 billion dollars) the previous year. "2009-10 will go

Tags : au.biz.yahoo.com, annus horribilis, Global Economic Crisis, dividend payment, cargo business, fuel bill, huge cloud, bearing fruit, airline industry, jet fuel, profound effect, fuel prices, air traffic, billion dollars, TER, slump, europe, Euro

Continental recalls some furloughed pilots

Thu 20/05/10 - 01:54:50 vs6

Continental ( CAL , Fortune 500 ) spokeswoman Julie King said the airline is recalling 15 of the 147 pilots it furloughed in 2008. In addition, it is putting more than 100 pilots back on active status from the voluntary leaves of absence that they took in 2008. Some of these pilots will be

Tags : money.cnn.com, summer vacation season, volatile fuel, international flights, passenger travel, core markets, airline industry, Fortune 500, Delta, CAL

Qantas in window seat as warriors slug it out

Wed 03/03/10 - 08:19:51 vs6

March 4, 2010 So it was this week when Alan Joyce learnt that John Borghetti, his one-time rival for the Qantas hot seat, will face off against him once again, this time as the chief executive at Virgin Blue. The appointment was heavy with irony. Qantas, the full-service operator, in

Major airlines may be having an identity crisis

Wed 03/03/10 - 08:16:02 vs6

March 4, 2010 So it was this week when Alan Joyce learned that John Borghetti, his one-time rival for the Qantas hot seat, once again will face off against him, this time as the chief executive at Virgin Blue. The appointment was heavy with irony. Qantas, the full-service operator,

How a Barcelona lunch led to Borghetti"s appointment

Tue 02/03/10 - 08:22:18 vs6

The founding chief executive of Virgin Blue, Brett Godfrey, had just announced he was quitting, and Sir Richard's lunch companion that day happened to be a key player in the Australian travel industry. ''He told me, 'his first name starts with J and his surname begins with B','' Sir Richard

Tags : smh.com.au, lunch companion, rash decisions, airline industry, imprimatur, top job, reshuffle, tapas, managing director

Lufthansa Aims to Restore Services by Feb. 26 After Strike Ends - Bloomberg.com

Tue 23/02/10 - 04:52:49 vs6

With aircraft and pilots out of position because of the walkout, Cologne, Germany-based Lufthansa will concentrate on long-haul services today, spokeswoman Stefanie Stotz said. About 1,000 flights will operate, rising to the full 1,800 by Feb. 26. “We’re still operating an emerg

ency

Tags : bloomberg.com, Short, Quote, title.Bloomberg, emergency flight, haul services, walkout, airline industry, cremer, extra services, arbitration, spokeswoman, pledge, strikes, losses, flights

Mid-air and fiscal dramas dog Qantas

Thu 18/02/10 - 03:33:48 vs6

Problems with landing gear forced the pilot of a Qantas plane bound for Shanghai to return to Sydney, although there was no emergency landing. Earlier in the day Qantas chief executive Alan Joyce announced that net profit for the half year had fallen by 72 per cent to $58 million

Tags : au.biz.yahoo.com, Invest, earnings, global financial crisis, record losses, definite signs, budget carrier, loyalty program, aviation industry, Jetstar, airline industry, market analyst, seeing things, international markets, half year, net profit, share price, sacrifices

Qantas shares dive as profit plunges

Thu 18/02/10 - 12:54:03 vs6

Qantas shares ended the day down 24 cents, or 8.1 per cent, to $2.73. The airline, which delivered results within its own forecast range but at the lower end of analysts expectations, said there were some signs of improvement by the end of the second quarter, but increased fuel and

Qantas says airfares must rise

Thu 18/02/10 - 12:53:13 vs6

Mr Joyce says that with the aviation industry forecasting another another year of losses, ticket prices have to rise. "That's not sustainable at those average airfares so we know they have to increase," Mr Joyce said. "We have had unprecedented low airfares out there because of the

Tags : news.com.au, RON, europe, Euro, low airfares, economy fares, interim dividend, international airfares, aviation industry, airline industry, ticket prices, economic conditions, slump

Qantas shares dive as profit plunges

Thu 18/02/10 - 12:33:33 vs6

Qantas shares slump as profit plunges

Thu 18/02/10 - 10:54:24 vs6

In early trading, Qantas shares slumped as much as 7.4 per cent, or 22 cents, to $2.75. The airline, which delivered results within its own forecast range but at the lower end of analysts expectations, said there were some signs of improvement by the end of the second quarter, but

Qantas Scraps Most 1st-Class Cabins as Earnings Fall (Update2) - Bloomberg.com

Thu 18/02/10 - 09:34:50 vs6

The carrier fell the most in 10 months in Sydney trading after saying net income was A$58 million ($52 million) in the six months ended Dec. 31, missing the A$82 million median estimate of five analysts surveyed by Bloomberg News. The airline will begin a A$400 million project to change seats

No dividend as Qantas profit plunges 72% | Corporate earnings

Thu 18/02/10 - 06:53:20 vs6

Qantas Airways shares have plunged the most in 10 months after the airline reported a 72 per cent slide in first-half net profit and said it would pay no dividends as it was forced to slash fares to fill aircraft. In early trading, Qantas shares slumped as much as 7.4 per cent, or 22

US may allow American Airlines expansion

Sun 14/02/10 - 07:12:43 vs6

AFP The US Department of Transportation has proposed granting antitrust immunity to American Airlines and its global "oneworld" alliance partners including British Airways. The department said on Saturday the proposed alliance would enhance competition in the airline industry "by

Tags : news.smh.com.au, Transportation, Star, RON, europe, Euro, DOT, antitrust immunity, transatlantic flights, transatlantic routes, antitrust division, alliance partners, airline industry, substantial benefits, international operations, takeoff

US approves American Airlines, "oneworld" alliance expansion

Sun 14/02/10 - 05:52:43 vs6

The department said overnight the proposed alliance would enhance competition in the airline industry "by creating competition with the existing Star Alliance and the SkyTeam alliance, which already have been granted immunity". If approval is granted, American and "oneworld" alliance

Tags : news.com.au, Star, RON, europe, Euro, DOT, antitrust immunity, carveout, transatlantic flights, transatlantic routes, antitrust division, airline industry, substantial benefits, international operations, takeoff

AMR May Train Attendant Stand-Ins in Case of Walkout (Update1) - Bloomberg.com

Tue 02/02/10 - 08:11:41 vs6

AMR Corp.’s American hasn’t taken steps to implement such a plan, Alison Duquette , an FAA spokeswoman, said today in an interview. Any shortened training sessions for replacement workers would require clearance by the agency, she said. “The airline has told us they are consid

ering”

Tags : bloomberg.com, Wash, Open, title.Bloomberg, 408, work stoppage, contract negotiations, furlough, airline industry, walkout, flight attendant, contingency, spokeswoman, replacements

Qantas in the market for fare rises

Mon 01/02/10 - 03:32:40 vs6

Qantas Airways, Australia's largest airline, said it may raise fares this year as a global economic rebound revives air-travel demand. ''We are seeing some pricing power return to the market,'' Qantas Chief Executive Officer Alan Joyce, said today in a Bloomberg Television interview in

Tags : smh.com.au, spa, decade, chief executive officer, bloomberg, global recession, economic rebound, travel demand, airline industry