British Airways 2nd-Qtr Net Rises 26% After Cost Cuts
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British Airways Plc, Europe&#39;s second- largest airline, said second-quarter profit gained 26 percent after the carrier cut jobs and travel demand rose.
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Raytheon said fourth-quarter profit rose 26 percent on higher foreign sales and electronics work for a new Navy ship.
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LONDON : British Airways said it would raise its fuel surcharges by up to eight pounds (11.6 euros, 14.4 dollars) per return ticket as a result of soaring oil prices.
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The pound shoots above $2 - close to 26-year highs - in early trade in Europe as investors price in an interest rate rise in July.
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British Airways Plc, Europe&#39;s second- largest airline, raised about A$1.1 billion ($770 million) from the sale of shares in Qantas Airways Ltd.
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Air France-KLM said Thursday that fiscal second-quarter profit rose 26 percent, but shares of Europe's biggest airline fell as much as 8 percent after it announced tentative talks on a tie-up with Alitalia.
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Reflecting how airlines continue to fly fewer, smaller, fuller planes, Logan International Airport officials moved yesterday -- for the second time in six months -- to increase landing fees assessed on airlines by 8 percent starting Oct. 1.
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Qantas Airways Ltd , Australia's  largest airline, said on Monday it would raise its fuel  surcharges on international routes, the second increase in less  than a year.
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Net income for the second quarter climbed on solid sales of smaller, fuel-efficient vehicles and cost-cutting efforts.
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BRITISH Airways today announced plans to sell its Â£425 million stake in Australiaâs Qantas Airways to cut debt and take advantage of consolidation in Europe.
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World Airways doubles its earnings guidance for the current quarter.
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British Airways is adding up to Â£240 to the cost of a return long-haul flight if passengers want to check in an extra bag.
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British Airways Plc, Europe&#39;s second- biggest airline, is selling its A$1.1 billion ($763 million) stake in Qantas Airways Ltd.
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Australian flag carrier Qantas Airways said that British Airways had sold its 18.25 percent shareholding to a range of investors, as its shares surged on the news.
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British low-cost airline easyJet announced that it carried 2.08 million passengers in January -- an increase of 23.8 percent on the same month last year.
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Continental Airlines Inc.  on  Thursday said second-quarter profit nearly doubled as higher  fares and wage cuts offset climbing fuel prices.
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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.