All news – Page 7896
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News
Quick package
The US bankruptcy court has confirmed TWA's prepackaged reorganisation plan which was scheduled to go into effect from mid-August, cutting the airline's debt by some $500 million. The process went more quickly than during the previous filing in 1992, because the latter was not prepackaged. Source: ...
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Bound to handle
Frankfurt Airport says it has bound 70 per cent of its ground handling business into 10 year contracts, which will remain valid after European-wide deregulation of the sector, which could start as early as 1996. Lufthansa has signed up, taking advantage of the 'attractive options'. Similar offers are being made ...
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ANA qualifies
ANA became the 14th member of Qualiflyer, Swissair and Austrian Airlines' FFP, from 1 September. Source: Airline Business
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EVA's fifth
EVA Air is to use fifth freedom rights to serve Auckland, New Zealand via Brisbane from its home base of Taipei. The once weekly flight will use a Boeing 767-300ER. Source: Airline Business
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World united
In mid December United Airlines will launch the first round-the-world service since Pan Am in 1982. It will link Los Angeles, New York, London, Delhi and Hong Kong. Delhi is a new point of service for United, though the carrier has held dormant rights since it bought Pan Am's Asian ...
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US-UK bilateral
The US-UK bilateral talks have moved forward with London offering three new Heathrow routes and limited access for two new US carriers. US carriers at Gatwick can also move one flight to Heathrow. The UK wants full access for its carriers to Fly America traffic, to which it now has ...
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Mexican boost
Aeromexico completed a $530 million recapitalisation programme and exchanged $137.5 million in current Eurobonds for new five-year debt. The restructuring may precede the sale of the carrier by its bank creditors. Sister carrier Mexicana reported a $2.5 million profit for the first half of 1995. Source: ...
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Airline Business 100 - 1995
Rank Airline Revenue US$M OpResult US$M NetResult US$M net margin % fleet Total emps Revenue Tonne kilometres (mil) Revenue Pax km Pax millions Load Factor % Year End 94 93 Pax ...
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The strong performers
As more and more airports become profit-driven there is a greater demand for productivity comparisons. Andrew Lobbenberg and Anne Graham present an analysis of 25 European airports.Many European airports have been transformed over the past 10 years. As a sector they have changed from government utilities into a dynamic commercially ...
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Western rethink
After a few early failures, potential western investors are again showing an interest in FSU aviation. But a more upbeat view of future traffic growth is needed. Colin Smith reports.More than three years have elapsed since the demise of the Former Soviet Union (FSU) and the ensuing disintegration of the ...
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Many happy returns
After keen investor interest, Australian flag Qantas was all set to become fully traded on the stock exchange from 31 July, and under immediate intense pressure to provide the projected return on investment. Tom Ballantyne reports.As Qantas began its first twelve months as the world's most recently privatised airline in ...
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Big brother blues
With the collapse of negotiations to buy a stake in Ansett Australia and the future of the single Australasian marlket still hanging in the balance, Air New Zealand must continue to focus on cost control and selective expansion. Report by Tom Ballantyne.Air New Zealand managers like to say the carrier ...
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The great Gats
Despite the complexities, experience with the Gats in aviation so far shows it should not be written off as a vehicle for multilateral liberalisation. Ron Katz reports. The General Agreement on Trade in Services (Gats) and its annex on air transport services came into force for the majority of Gatt ...
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The right balance
Profits and losses dominate the headlines, but balance sheets give a better long term view of a company's health Ian Milne explains.In the rapidly changing, increasingly results-oriented airline industry most attention is paid to operating performance, in the shape of the profit and loss account, in assessing the immediate success ...
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New game in town
Last November's takeover of the US Congress by Republicans has made for strong partisan politics and even aviation, traditionally a bipartisan affair, is showing signs of rancour. Mead Jennings reports. If there is one person who signifies that Congress now leans to the right following the Republican takeover last November, ...
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More progress
Oh, dear. The 100 largest airlines in the world once again have failed to turn a net profit. It was a close call, but this is the fifth consecutive annual net loss for the carriers in the Airline Business 100. Last year was, of course, a big improvement. ...
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The polarisation of the airline
The polarisation of the airline industry has never been so evident. Among the 92 Airline Business 100 carriers reporting net results for 1994, 62 made money. Yet the other 30 lost enough between them to plunge the industry into a collective net loss for the fifth year running. As well ...
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Thriving markets
For the industry as a whole, 1994 was marked by substantial growth, with passenger traffic for the Airline Business 100 carriers increasing by 8.2 per cent and freight tonne km by 16.3 per cent. However there were some meteors, almost all of them smaller carriers whose revenues place them below ...
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Flying on course?
Many airline executives have read Professor Rigas Doganis' textbook on airline management, Flying off Course. As chairman and chief executive of Olympic Airways, Doganis is now putting theory into practice. He talks to Sara Guild about progress so far, and the future.Ensconced in the room that once held Aristotle Onassis, ...
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Holding back the tide
Relations between Europe's major airlines and their flight deck crews have reached an all-time low, as pilots resist cost cuts and changes to scope clauses. A return to profit by US carriers looks set to damage relations with their pilots too. Mark Odell assesses the pilots' case.Overpaid, overreacting and overhead. ...