World airlines&#39; loss estimate: $4 billion
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MONTREAL - Despite a jump of 19 percent in world air traffic this year, airlines are expected to lose as much as $4 billion in 2004 because of high fuel costs, the International Air Transport Association said Monday.
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The world&#39;s major airlines are expected to rack up about $US4.8 billion ($A6.33 billion) in losses this year and will climb back to profit next year only if oil prices fall, the top industry body warned today.
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By The Associated Press. Delta Air Lines, Northwest Airlines and the parent of American Airlines all reported losses yesterday. The largest loss by far was at Delta, where bankruptcy
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United Airlines&#39; parent company posted a $274 million third-quarter loss and reiterated its need to slash labor costs. The company said that in the fourth quarter it may not be able to comply with a covenant
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When I talked to the CEO, CFO, and treasurer for World Airways (Nasdaq: WLDA) a few months ago, the big issue was profitability. That&#39;s less of an issue today because the company
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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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Delta Air Lines, which has narrowly  avoided bankruptcy in the past few months, on Thursday said its  fourth-quarter loss mushroomed as it struggled with high fuel  prices and low fares stemming from tough competition.
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MONTREAL: The global airline industry stands to incur losses of between $US3 billion ($NZ4.6 billion) and $US4 billion this year as surging oil prices wipe out any hope of profit created by rising passenger traffic, the International Air Transport
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The International Air Transport Association is forecasting &quot;significantly&quot; narrower losses for the global airline industry this year as reduced costs and rising demand for air travel help counter higher fuel prices.
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The International Air Transport Association (IATA) said Monday that the air traffic has seen continued recovery but, with the industry loss for 2004 expected to be 3 to 4 billion US dollars, there is no excuse to relax.
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United Airlines parent UAL Corp. reported a $53 million loss for the fourth quarter Tuesday on a sharp rise in the price of fuel and bad weather that forced a raft of holiday flight cancellations.
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SAN FRANCISCO : Insured losses from Hurricane Ivan may be between three billion and six billion US dollars, modeling firm AIR Worldwide said Thursday.
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Shanghai Airlines , a Chinese regional carrier, predicted on Tuesday that it would post a loss for 2007, deteriorating from a net profit of 8.2 million yuan ($1.1 million) in 2006.
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ATLANTA -- Delta Air Lines Inc., which is operating under bankruptcy protection, reported Wednesday a wider fourth-quarter loss of nearly $2 billion because of hefty restructuring items.
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Northwest Airlines Corp. , the No. 4 U.S. air carrier, on Wednesday posted a quarterly loss, versus a profit a year earlier, as high fuel prices and low fares weighed on the industry.
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The parent of United Airlines posted a loss of $274 million, or $2.38 a share, compared with a loss of $367 million, or $3.47 a share, a year ago.
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Analysts chopped their fourth-quarter  profit estimates for WestJet Airlines Ltd. WJA.TO on  Wednesday and warned of turbulence in its share price, mainly  because of computer woes that hurt its online bookings.