It appears the airline industry is recovering after a devastating time during the recession, which saw a slump in air travel. According to the airline industry body, International Air Transport Association (IATA), the number of passengers purchasing premium airline tickets grew again in June with demand for premium tickets up 16.6% on year. This compares [...]
The International Air Transport Association (IATA) has revised its forecasts for the airline industry for this year after forecasting a loss in March.
According to the industry body, global airlines will make profits of $2.5 billion (£1.7 billion) in 2010.
In March, IATA forecast a loss of around $2.8 billion this year, following a severe fall of [...]
The economic downturn appears to still be battering the airline industry after Air France-KLM reported a net loss of €691 million for the three months ending March, compared to a loss of €479 million in the same period a year ago.
This took its annual loss for the full year to €1.55 billion (£1.33 billion) – [...]
The world’s largest carrier has been created via a merger between United Airlines and Continental Airlines, as consolidation spreads throughout the industry.
The two US airlines expect the merger to deliver savings of more than $1 billion a year.
The deal, which is worth $3.2 billion (£2.1 billion), will see a company that will carry 144 [...]
Lufthansa has announced it is planning to save £100 million pound at airline BMI, which involves slashing almost one quarter of its capacity and the loss of 800 jobs.
The German owner also said the restructure will see BMI’s name changed back to its former name – British Midland International – believing that British Midland is [...]
Scottish airline, Highland Airways, has gone into voluntary administration putting 100 jobs at risk.
The company, which is based in Inverness and also has routes to Wales, called in administrators last night, PricewaterhouseCoopers (PwC), to take over the running of the business.
The Civil Aviation Authority (CAA) said operations had been suspended “with immediate effect”.
The airline, [...]