Airlines &#39;end 2004 $5bn in red&#39;
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The world&#39;s airline industry is set to rack up losses of almost $5bn (Â£2.6bn, 3.6bn euros) this year, global airline body AITA has forecast.
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GENEVA: International airlines are heading for a near $US5 billion ($NZ7.12 billion) loss this year, largely due to a rise in oil prices, the industry&#39;s global body said on Tuesday.
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A planned tie-up between Australia&#39;s Qantas and Air New Zealand has been thrown out by New Zealand&#39;s High Court. The decision ends a two-year effort by the airlines to fight off low-cost carriers by combining forces.
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Japan's two biggest airlines have seen  more than 5.0 billion yen ($45.43 million) in lost sales this  year due to flight cancellations caused by a string of  typhoons, Kyodo news agency said Saturday.
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Hong Kong Airlines has agreed to buy 51 planes from Airbus worth 5.5 billion dollars (4.1 billion euros) at catalogue prices, the companies announced on Thursday.
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Airlines have committed almost $40 billion to buying the 555-seat double-decker superjumbo.
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An online auction of tickets for the first commercial A380 flight is nearing an end, with one bidder spending S$153,000 (US$101,514) for a first-class seat on the Singapore AirlinesÂ flight.
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DALLAS More red ink is expected for the Fort Worth-based parent of American Airlines. That&#39;s as the world&#39;s largest carrier struggles under high fuel prices and competition from low-fare companies.
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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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United Airlines, in a bankruptcy court filing in advance of a status hearing Friday, has revealed it needs to cut $500 million more in costs than previously stated.
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Air Berlin, Germany&#39;s second-biggest airline, has agreed to order 70 Airbus A320 aircraft, worth 4 billion euros ($5.09 billion), with options for 40 more, it said on Thursday.
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londonâBritish Airways Plc, Europe&#39;s second-biggest airline, will sell its 18 per cent stake in Qantas Airways Ltd. worth Â£427 million or about $980 million (Canadian) to cut debt ahead of possible acquisitions in Europe.
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Continental Airlines has announced it needs an annual $500 million reduction in payroll and benefits costs. The reduction is necessary because the company has lost hundreds of millions of dollars since 2001
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The troubled airline&#39;s most recent offer includes a 16.5 percent pay cut and added flying time. By STEVE HUETTEL, Times Staff Writer.
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The global airlines body IATA said on Tuesday the industry was heading for a near $5 billion deficit on international operations this year, pushing its total losses since 2001 to a massive $35 billion.
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Low-cost carrier Ryanair  said on  Friday it had submitted a claim for just over 3 million pounds  ($5.7 million) in compensation from the UK government after  stepped-up airport security forced it to cancel flights.
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MANCHESTER United today revealed that it paid footballers&#39; agents a staggering Â£5.5m in the last financial year. In an unprecedented move, the club published a detailed list of payments as part of a new policy