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Air France-KLM reported traffic down during December
Air France-KLM has reported that its traffic in December 2009 decreased 4.6% to 16.07 billion revenue pax-kilometers, compared to 16.84 billion revenue pax-kilometers in December 2008. The airline’s capacity decreased 5.5% to 20.16 billion available seat-kilometers, compared to 21.35 billion available...
JAL prepares to file for bankruptcy
Japan Airlines is expected to be declared bankrupt, possibly as early as this week, despite offers of aid from US rivals that could rescue the stricken carrier. The airline, which is the biggest in Asia but is burdened with debts of £10bn, will file for bankruptcy as part of a state-­sponsored restructuring...
Increase in International airfares brings a gain for Qantas
Qantas Airways jumped the most in about two weeks in Sydney trading after raising international fares across its network for the first time in almost 18 months on rising travel demand. Australia’s biggest carrier climbed 3.5 percent to A$2.67 at the close of trading, the largest gain since Dec. 1....
American Airlines raised its offer for Japan Airlines to $1.1bn
American Airlines has stepped up its bidding war with Delta Airlines for a controlling stake in Japan Airlines by offering a US$1.1bn sweetener. Much of the injection is being fronted by TPG, a private equity group. Meanwhile Delta and its SkyTeam alliance partners are trying to lure JAL away from oneworld...
Finnair Reports Third Quarter Loss
Finnair Group’s turnover fell by 22% in third quarter, between July and September 2009. The operational result was a loss of EUR 36.4 million. “The third quarter result was in line with our expectations, even though it naturally does not in any way correspond with our goals. Aircraft are flying...
Air France and KLM in talks to take minority stake in Japan Airlines
Air France-KLM is in talks with Japan Airlines to form an alliance by injecting a few hundred million dollars and taking a minority stake in the struggling carrier, a source familiar with the matter said. Air France-KLM, Delta Air Lines and American Airlines are in separate "early stage" talks...
American Airlines and Japan Airlines negotiating to form an Alliance
AMR, the parent company of American Airlines, is in the middle of negotiations to establish a powerful alliance with Japan Airlines (JAL), company that is already associated with oneworld, along with British Airways and Iberia. Bloomberg and Expansion report that those, who are responsible for the U.S....
British Airways will bid for BMI
British Airways (BA) would be ready to bid for the airline BMI British Midland, currently controlled by the Germans of Lufthansa who would be keen to sell it due to its operational losses and strong pension deficit. According to yesterday’s "Sunday Times" there would already have been...
Qantas reported profit down by 87%
Qantas reported a profit before tax of $181 million for the full-year ended 30 June 2009, down 87% on the prior year. Qantas Chief Executive Officer, Mr Alan Joyce, said the diversity of the group’s operations had contributed to it being one of the few airline operators worldwide to produce a full-year...
Renewal of strategic partnership between British Airways and American Express to be announce today
British Airways and American Express are today announcing a renewal of their strategic partnership. The new agreement, managed by British Airways’ rewards subsidiary The Mileage Company, includes three consumer co-brand cards, a corporate co-brand card and merchant acceptance agreement. In addition,...
Increase in Ticket price and change fee by British Airways
British Airways has increased its long-haul fares across the board by up to £40 per round trip on August 07, 2009.  The airline is adding £20 per round trip to all long-haul fares in World Traveller (economy) and World Traveller Plus (premium economy) and £40 per round trip to fares in Club World...
Deal for Five 777-300ERs signed by Turkish Airlines with Boeing
Turkish Airlines has signed an order with Boeing for five 777-300ER (Extended Range) airplanes valued at $1.36 billion at current list prices.  This is the first time Turkish Airlines has purchased new 777s directly from Boeing. The airline currently operates a fleet of 65 Boeing airplanes including...
British Airways Traffic Logs First Gain in 14 Months
May 6 (Bloomberg) — British Airways Plc said passenger traffic rose for the first time in 14 months in April, spurred by a jump in economy class travel over the Easter holiday. Traffic, or the customer total multiplied by the distance flown, gained 0.9 percent compared with a year earlier, London-...
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