Airlines 'end 2004 $5bn in red'
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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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The governing Labour Party said Tuesday it was 25 million pounds (37 million euros, 51 million dollars) in the red, despite cutting two million pounds off its debts last year.
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Budget airline Ryanair today announced record half-year profits, but said it remained cautious about the rest of the year. The Dublin-based carrier said profits after tax
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Travel: Budget airline's plan comes despite credit market crisis and rising oil prices
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ROME - Italian air carrier Alitalia plans to cut 5,000 jobs as part of restructuring efforts aimed at avoiding collapse, news reports and an industry source said Monday.
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Delta Air Lines yesterday announced plans to cut up to 6,900 jobs over the next 18 months as it struggles to avoid bankruptcy. The airline is in the midst of a restructuring designed to cut $5bn (Â£2.
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Airbus has beat rival Boeing Co. with an order from Malaysia&#39;s budget-airline market, Air-Asia for as much as $5.2 billion of A320 jetliners, according to a published report.
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United Airlines on Friday said it will need about $500 million in annual cost cuts above the $655 million now in the works and also received court approval for more time
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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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TOKYO (Dow Jones)--Japan Airlines Corp. (9205.TO) said Friday it swung sharply into the black for the half-year to September, as international air travel picked up
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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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Travel: Â· Passengers could pay Â£50 more, says watchdog Â· Airline aims to price bags out of aircraft holds
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ROME Sept. 6, 2004 - Italy&#39;s flagship air carrier Alitalia plans to cut 5,000 jobs as part of restructuring efforts aimed at averting collapse, Italian news agency ANSA said Monday.
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Alitalia, the Italian government-run airline and a partner with Delta and Air France in the SkyTeam alliance, told its unions on Monday that it planned to lay off about 5,000
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The Civil Aviation Authority suggested yesterday that National Air Traffic Services should cut its charges to airlines by about 20 per cent during the next five-year price cap regime from 2006 to 2010.
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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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(InfoWorld) - 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. WhenÂ the A380 takes to the skies next month, it will become the largest airliner in commercial use. Built by Airbus Industries, the aircraft will hold around 555 passengers in a typical configuration. However, Singapore Airlines -- the first to use the aircraft -- opted for a configuration that holds fewer than 480 passengers. Singapore Airlines auctioned off tickets for the first A380 flightÂ on eBay's Singaporean Web site, with all proceeds going to charity. With 24 seats left to sell on Sept. 20, the airline had sold 638 tickets for both legs of the Oct. 25 round-trip flight from Singapore to Sydney and raised S$1.9 million (US$1.26 million). That money will be split among several charities: Singapore's Community Chest; the Sydney Children's Hospital, Randwick, and The Children's Hospital at Westmead; and MÃ©decins Sans FrontiÃ¨res. The S$153,000 bid for a Singapore Airlines Suites ticket was the most expensive ticket sold during the auction, while an economy-class seat on the return leg from Sydney to Singapore was the cheapest ticket sold at S$853. By comparison, a single, round-trip ticket from Singapore to Sydney is priced at S$900 on the airline's Web site. Some tickets were sold in blocks, including a group of three Singapore Airlines Suites tickets, two business-class seats, and an economy-class ticket sold to a Singaporean bidder for S$85,280. Singapore Airlines said the largest percentage of successful bidders came from Australia, representing 15 percent of the total. Singapore came next at 11 percent, followed by the U.K. (6 percent), U.S. (4 percent), and Germany (3 percent). The youngest successful bidder was a San Francisco man who will turn 22 on the day of the flight, Singapore Airlines said. The oldest successful bidder was a 76-year-old man from Vancouver, it said. The airline said 2,000 bidders registered for the auction and paid a security deposit that qualified them to bid. Â