Oil price rise adds to airlinesâ woes as losses continue
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The global airline industry is forecast to have made net losses of $4.8bn this year, as the rise in the oil price has overwhelmed efforts by carriers to cut costs.
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European airlines hoping for a 2005  industry recovery face new hurdles as record high oil prices  threaten to drive up costs and fuel surcharges for passengers,  officials said.
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A sharp drop in oil prices in recent  weeks has been an unexpected boon to the recovering U.S.  airline industry, but some airlines will not see the full  benefit, having locked in prices nearer this summer's peak.
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SAN FRANCISCO (CBS.MW) - Higher fuel prices will help cause the domestic and international airline industry to lose $3 billion to $4 billion in 2004, the International Air Transport Association forecast Monday.
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Delta Airlines reports a loss for the last three months of 2007, after fuel costs surge.
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Domestic airfares generally continue to decline in spite of predictions of modest airfare increases in the months ahead and record-high oil prices crippling the airline industry.
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Shares of major US airlines headed south in Tuesday trading after a brief weeklong run-up, weighed by a gloomy forecast from America West Airlines that comes as oil prices move well beyond the $50 mark.
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The world's airline industry is set to see losses of $5bn by the end of 2004 as a result of surging oil prices,  global airline body IATA predicts.
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FORT WORTH, Texas -- The high cost of jet fuel is prompting American Airlines to raise its domestic ticket prices. It is going to charge an extra $5 for one-way flights, and $10 per roundtrip.
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International airlines are heading for a near USD$5 billion loss this year, largely due to the rise in oil prices, the industry&#39;s global body said on Tuesday.
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Delta Air Lines Inc. DAL.N on Friday  forecast a much wider third-quarter loss than Wall Street had  estimated because of weak domestic fares and a spike in fuel  costs, driven by record-high oil prices.
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SURGING oil prices are continuing to drive up British Airwaysâ fuel costs and persuaded it to continue its three-year freeze on the dividend yesterday despite rising profits.
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Virgin Blue Holdings on Monday followed Qantas Airways and raised the fuel surcharge on its tickets as a result of sky high oil prices.
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Australian flag carrier Qantas on Friday raised fuel surcharges on domestic and international tickets, blaming the skyrocketing price of crude oil prices.
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Qantas Airways has raised its fuel surcharge on domestic and international tickets by $4 and $7, respectively, because of the high price of oil.
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British Airways is to raise its fuel surcharge as a result of the continuing increase in the price of oil.
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US Airways Group  posted a quarterly loss on Thursday, hurt by soaring fuel costs that have battered the airline industry.