News Tag: airline industry
February 26, 2010
Japan Airlines (JAL), which last month filed for bankruptcy protection, has today posted a net loss of 177.9 billion yen (£1.31 billion, $2 billion) for the nine months to December 2009.
The airline’s executive officer, Norikazu Saito, told reporters it suffered an operating loss of 120.8 billion yen on sales revenue of 1.14 trillion yen - a fall of around 27% against the ...
JAL reports 177.9bn yen loss
by Kay Murchie
February 1, 2010
Irish budget airline Ryanair has today posted a €10.9 million (£9.4 million) loss for the October to December quarter.
However, the loss for Europe’s largest no-frills airline was much less than the €101.5 million deficit it posted for the same period a year earlier - when fuel costs were sky-high.
The group said the result had been boosted by a 37% ...
Losses shrink at Ryanair due to cutbacks
by Kay Murchie
December 17, 2009
The 12-day strike planned by British Airways (BA) cabin crew over Christmas has been averted after it was declared illegal in a High Court ruling.
The ruling will be welcomed by thousands of passengers who were planning to fly over the festive period.
Mrs Justice Laura Cox ruled that the cabin crew's union, Unite, had not correctly included the votes ...
British Airways wins High Court injunction, strike cancelled
by Kay Murchie
November 9, 2009
The global economic downturn has forced many airlines out of business as fewer people are travelling by air and Irish airline, Aer Lingus, is no exception.
According to the carrier, long-haul numbers plummeted 13% in the three months to September with sales falling by 9.7% in the same period.
However, the number of short-haul passengers was up 10% during the three month ...
Aer Lingus hit by dwindling passenger numbers
by Kay Murchie
September 1, 2009
The International Air Transport Association (Iata) said major airlines continue to suffer amid higher fuel prices.
According to the industry group, in the first six months of the year, airlines are likely to have lost £3.7 billion.
Furthermore, the body said airlines made losses between April and June - the spring season when they would traditionally make 50% of their yearly profits.
Many airlines ...
Airline industry suffers amid severe losses
by Kay Murchie
July 6, 2009
More than 2,000 British Airways (BA) cabin crew have rejected the company’s proposals to slash costs by freezing pay and reducing headcount.
A deadline of 30 June was set by the company to reach a deal on 3,500 job cuts, a pay freeze and other changes, but no agreement was reached at that time.
Speaking after the meeting, a ...
BA staff against pay cuts
by Kay Murchie
May 26, 2009
Virgin Atlantic has bucked the trend among airlines after reporting that it has almost doubled profits.
In the 12 months to the end of February, pre-tax profits rose to £68.4 million, compared with the £34.8 million reported a year earlier.
The announcement comes as many airlines continue to experience a slump in demand with many forced out of business last year. ...
Annual profits almost double for Virgin Atlantic
by Kay Murchie
