Airlines Expect &#36;5 Bln Loss in '04 --IATA
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International airlines are heading for a near &#36;5 billion loss this year, largely due to the oil price rise, the chief economist of the industry's global body IATA said on Tuesday.
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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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UAL (UALAQ.OB:OTC BB - news - research) and US Airways (UAIRQ.OB:OTC BB - news - research) weighed in with hefty third-quarter losses Thursday as industry overcapacity and stratospheric fuel prices continued to generate red ink while the carriers operated
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MONTREAL -- Despite a jump of 19 per cent in world air traffic so far this year, airlines are expected to lose as much as $4 billion US in 2004 due to high fuel costs, says the International Air Transport Association.
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Northwest Airlines Corp. (NWAC.O: Quote, Profile, Research) , the No. 4 US air carrier, on Wednesday posted a quarterly loss, versus a profit a year earlier, as high fuel prices and low fares weighed on the industry.
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Airlines worldwide may make a combined profit of $1.2 billion next year, their first since 2000, as fuel prices fall from record highs and passenger traffic increases, the International Air Transport Association said.
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The airline narrowed its fourth-quarter loss to $8 million, beating Wall Streetâs forecasts despite higher fuel costs.
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The International Air Transport Association is forecasting &quot;significantly&quot; narrower losses for the global airline industry this year as reduced costs and rising demand for air travel help counter higher fuel prices.
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TEMPE, Ariz.  â The US Airways Group said Thursday that it had swung to a fourth-quarter loss as a result of significantly higher fuel costs.
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MONTREAL -- Despite a jump of 19% in world air traffic so far this year, airlines are expected to lose as much as $4 billion US in 2004 due to high fuel costs, says the International Air Transport Association.
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The troubled tech company releases an estimate of the damage it could sustain in the wake of the airline's bankruptcy filing.
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The Italian airline Alitalia said its loss before taxes and exceptional items narrowed to 462.42 million euros (600 million dollars) in 2004 from 515.5 million one year earlier and predicted further improvement in 2005.
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US Airways Group  posted a quarterly loss on Thursday, hurt by soaring fuel costs that have battered the airline industry.
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Bankrupt UAL Corp. , parent of United Airlines, on Tuesday reported a net loss of &#36;114 million, including &#36;14 million in reorganization expenses.
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AMR, the parent of American Airlines, posted a smaller-than-expected fourth-quarter loss on Wednesday, but the results showed the industryâs continuing vulnerability to high fuel costs.
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NEW YORK, September 28  - The airline industry is expected to lose as much as $4 billion in 2004 due to the high fuel costs, despite an increase of about 19% in international passenger traffic so far this year.
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Continental Airlines CAL.N, the No. 5  U.S. carrier, on Thursday posted a fourth-quarter net loss,  reversing a year-ago profit, as skyrocketing fuel prices and  low-fare competition hammered the industry.