All news – Page 7483
-
News
Financial results
America West suffered a 7.2% yield decline and took $65m in one-off charges due to changing an aircraft order and restating asset values. AMR's net profit rose 23% on robust demand, despite an 18.8% rise in fuel costs and a $21m share in a travel agency litigation settlement. ...
-
News
Geneva set to fight back
Stung by Swissair's withdrawal of most longhaul flights, Geneva airport is fighting to attract replacement traffic by cutting landing fees and offering fifth freedom traffic rights, and says several Geneva-based startup carriers are in the planning stage. The airport will cut all landing fees by 10 per cent ...
-
News
Gulf Air split on horizon
Gulf Air may be on the verge of break-up amid suggestions that the emirate of Abu Dhabi is preparing to take control of the airline, perhaps within the first half of 1997. Abu Dhabi has a 25 per cent stake in the carrier and, as the richest of ...
-
News
Japan replies to US efforts
US efforts to establish open skies agreements with Asia have received a lukewarm response from key targets South Korea and Taiwan at the same time as Japan is forging ahead with its own brand of Asian open skies. A US Department of Transportation task force toured Asia during ...
-
News
JLLs face a tough battle
The current oversupply of funds in the airfinance market could be dramatically reversed by the threat of regulatory changes to the most popular aircraft finance structures. The most serious threat is from draft plans by the Japan's National Tax Authority to reduce the benefits of the Japanese leveraged ...
-
News
KLM bows to cost targets
KLM Royal Dutch Airlines has reacted to British Airways' high-profile attempt to slash its operating costs by calling for a wholesale structural change in the airline or face downsizing. KLM president Pieter Bouw has reversed his policy of avoiding headline targets by announcing plans to improve its operating ...
-
News
Hubbing power
Delegates at the Airline Business/ ASM Routes '97 meeting in Abu Dhabi were given the chance to review the latest developments in the Amsterdam-based network operated by KLM and its partners. Richard Whitaker reports. Codesharing has enabled KLM to increase the city-pairs it offers ninefold in six years, according to ...
-
News
Why such a Roman drama?
I should like to raise a few points concerning the article 'Renaissance or Rigor Mortis' (Airline Business, November). I am surprised that such an important article is based upon information from sources which I would define as inappropriate - namely a former chairman of Alitalia ousted by the ...
-
News
Amwest slow to fix things
America West Airlines has again illustrated the cost of fast growth. While other US airlines enjoyed an average increase of 22 per cent in third quarter net profits, the Phoenix-based carrier returned a $53 million operating loss at the same time as it happens to be the only US carrier ...
-
News
Canadian has one last go
Canadian Airlines International has unveiled a three-pronged business plan designed to return the struggling carrier to profit by the first quarter of 1997 in a last ditch survival bid. The plan includes a 10 per cent pay cut across the company, a review of overheads - including fees ...
-
News
It's all change at foreign exchange
Of all the international financial markets the most difficult for economic forecasters to come to come to grips with are the foreign exchanges. This is Largely because they are often driven by political factors rather than changes in the real economy, and they have proved more responsive to ...
-
News
Press cuts historic time
If aviation history was made during the final week in October in Washington, newspaper readers could be forgiven for scarcely noticing it. The few column inches devoted to the first official US-EU block discussion regarding commercial aviation rights were generally dour on the whole affair, portraying EU director for air ...
-
News
Airline News
British Airways has increased services from London/Heathrow to Johannesburg to 13 flights per week and added two weekly services to Singapore and a third to Beijing. BAalso has increased frequencies from Heathrow to Geneva, Milan, Mexico City, Barbados, Tehran, Jakarta. BA's flights to Oporto have transferred from Heathrow ...
-
News
Why Concert deal should ring a bell
It may only be a matter of time before cross-border airline mergers are allowed. UK carrier in $33 billion US takeover, says the newspaper headline. Britain's leading carrier is to acquire 100 per cent ownership of its US alliance partner. The newly merged company will be domiciled in the UK ...
-
News
French court US twosome
Air France, once in danger of being left behind in the scramble for a US partner, is now seeing double with letters of intent for broad cooperation with both Delta Air Lines and Continental Airlines. The move was followed by swift denials from Swissair that its link with Delta was ...
-
News
BA wins Air Liberte brawl
British Airways has dealt a further blow to Gallic pride by winning the battle to take over insolvent Air Liberté, thereby strengthening BA's position in the French market. The commercial tribunal in Creteil opted for BA's recovery plan for Air Liberté over a rival bid from Virgin Express. ...
-
News
Commercial magnetism
Airports Many of Europe's airports are learning to think like commercial enterprises. Their experiences provide valuable lessons for all airports globally. By David Feldman. Europe's airports form a big business. They generate US$13 billion in revenues annually, and the largest are complex enterprises encompassing a broad spectrum of activities centred ...
-
News
Asia takes a lead
Asian airports led the way in traffic growth in 1995 and the first half of 1996, as most major airports worldwide benefited from steady airline traffic growth. A less pronounced increase in airport movements, however, indicates more efficient use of aircraft as congestion makes its mark. Financially, general airline recovery ...
-
News
Latin links before BA?
As British Airways and American Airlines continue their behind-the-scenes efforts to obtain approval for their controversial transatlantic alliance, the US major is intensifying efforts to secure its dominance in South America through further linkups. Ian Lang, the president of the UK's Board of Trade, is delaying his pronouncement ...
-
News
Mexican standoff
Aéromexico and Mexicana have emerged from their restructuring programmes with a common owner, but the regulator appears intent on keeping them apart to ensure that domestic competition remains strong. But David Knibb discovers that internationally things may work out differently. The events of 1996 form the latest in a series ...