Update 1: Airline Industry Could Break Even in 2005
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The global airline industry, battered by record fuel costs, could break even in 2005 if oil prices drop to an average of US$36 a barrel, the industry&#39;s trade group said Tuesday.
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The industry faces upheaval as finances worsen and low-cost carriers gain ground.
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Most of the largest U.S. airlines are likely to post fourth-quarter losses, possibly signaling the end of an industry recovery that began in 2006 and further building a case for mergers.
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Business models with too much in common with the airlines are likely to end up in the same situation.
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Business & money: Budget airline warns that profits could fall by up to 50% next year on the back of high oil prices
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Maxjet Airways set itself a challenge when its all-business-class flights started in late 2005: provide swanky service at civilized prices.
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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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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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The airline industry is expected to lose as much as $4-b 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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Scarborough, Tobago - The global airline industry would lose about $5 billion (R31 billion) this year, and more bankruptcies of carriers were likely, due in part to rising fuel costs, an International Air Transport Association official warned this week.
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Three of the nation's largest airlines could be operating under bankruptcy protection in coming weeks, analysts say, the latest sign of the industry's upheaval as it lurches through a  transformation.
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The global airline industry stands to incur losses of between $3 billion and $4 billion this year as surging oil prices wipe out any hope of profit created by rising passenger traffic, the International Air Transport Association said
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The Federal Aviation Administration is facing some of the same problems that are driving the airlines to bankruptcy, rising costs and declining income.
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Northwest Airlines (NWAC), a relative financial stalwart in its troubled industry, may be approaching a cash crisis that few have seen coming.
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At an airline industry conference at the Phoenician resort last year, talk turned to the likelihood of mergers between low-cost carriers.
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Continental and United airlines have been discussing a potential merger -- the latest in a series of signs that major carriers are seeking to reshape the recovering industry.
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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.