Singapore Airlines (SIA) blamed the Asian economic downturn for its poor financial performance for the first half of its 1998 financial year with operating profits plummeting 44% to S$246 million ($x million), a drop of S$195 million on 1997 first half figures. Revenues were down $87 million at $3.43 billion.
Source: Flight International
UK regional carrier Loganair is to cut three routes from its network and reduce frequencies on some others following a review by new chief executive Luke Farajallah aimed at improving its operational resilience.
Eastern Canada’s Air Transat has big ambitions to expand transatlantic flying with its growing fleet of long-range jets, and Africa is now within reach.
New Lufthansa Group operator, Lufthansa City Airlines, will begin ticket sales tomorrow ahead of its operational launch on 26 June.
