Airline: $50 Brent would add 55 million euros to costs
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LONDON (CBS.MW) -- Irish low-fare carrier Ryanair said Tuesday it predicted a &quot;bloodbath&quot; and &quot;airline casualties&quot; this fall, accelerated by record high oil prices, as it revealed its results for the half year.
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Boeing is to supply Japan Airlines with up to 50 of its forthcoming 7E7 aircraft in a deal that could be worth up to $6bn.
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United Airlines said on Friday that it would need about $500 million more in annual cost cuts, in addition to the $655 million now planned.
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Aug. 18 (Bloomberg) -- Air France and its KLM Royal Dutch Airlines NV unit are imposing fare surcharges to help pay for higher fuel costs, following similar moves by British Airways Plc and Deutsche Lufthansa AG, amid record-high crude oil prices.
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Ryanair, Europe's biggest no-frills airline, said that it had ordered 32 fuel efficient Boeing 737-800 planes at a cost of 2.25 billion dollars (1.78 billion euros) at catalogue price.
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British Airways announced Friday that it was increasing its fuel surcharge on both short-haul and long-haul flight tickets because of rising oil prices.
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British Airways and Richard Branson&#39;s Virgin Atlantic Airways say they will raise fuel surcharges following similar moves by major European carriers this week as oil prices surged.
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The low-cost airline says rising oil costs could wipe as much as 40m euros from its profits - but vows not to bring in fuel surcharges.
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Budget airline Easyjet says rising passenger numbers will deliver pre-tax profit growth of 40-50% this year.
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Continental Airlines  said on  Friday its mainline advanced bookings for the next six weeks  were running slightly behind last year and that it expected  fuel to cost $2.21 per gallon in the third quarter.
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British Airways is to increase its fuel surcharge as a result of the continuing rise in the price of oil. The airline said its longhaul surcharge on all UK bookings will rise from Â£6 ($10.
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Budget airline Ryanair Holdings PLC has raised its stake in Irish rival Aer Lingus Group PLC to 25.2 percent in a renewed push to take over the recently privatized carrier, Ryanair's broker confirmed Wednesday.
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International airlines are heading for a  near $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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German carrier Lufthansa said it would levy a temporary fuel surcharge on tickets from August 24, in response to the rise in the price of oil.
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PARIS, Aug 18  - Air France said Wednesday it was increasing its fuel surcharge by EUR 12 (USD 14.82) on long-haul flights from Monday until there is a month-long dip in oil prices.
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The United Arab Emirates will pay a cool $520 million for naming rights to the âLouvre Abu Dhabi.â
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Ryanair, Europe's largest low-cost airline, might introduce in-flight gaming.