News Tag: airlines
January 27, 2010
The airline industry has been hit hard during the global economic downturn, which has led to a slump in demand for air travel with fewer people travelling.
Many airlines went bust during the downturn, not just due to a fall in demand but also as a result of higher fuel prices.
According to the International Air Transport Association (IATA), 2009 saw the biggest ...
Airline industry suffers worst ever year
by Kay Murchie
December 15, 2009
The International Air Transport Association (IATA) is forecasting big losses for the airline industry next year but added that "the worst is likely behind us".
According to the industry body, airlines will suffer losses of $5.6 billion (£3.5 billion) in 2010 - an increase from the $3.8 billion it originally predicted.
IATA said that European airlines are ...
More woes for airline industry as losses to soar in 2010
by Kay Murchie
November 25, 2009
Low-cost airline bmi has announced plans to axe around 600 jobs as part of a restructuring plan.
The carrier, like many others around the world, has been hit by a slump in demand, higher fuel prices and increased competition.
The economic downturn has meant many airlines have been forced out of business as fewer people are travelling by air.
The restructure at bmi will see ...
bmi plans 600 job losses
by Kay Murchie
July 13, 2009
British Airline Pilots' Association (Balpa) has today announced that pilots of struggling airline, British Airways (BA), have voted overwhelmingly to accept a 2.6% pay cut, which will save the airline up to £26 million a year in running costs.
The airline recently admitted that it was fighting for its survival but it is not alone. Many airlines continue to ...
BA pilots vote to accept 2.6% pay cut
by Kay Murchie
June 30, 2009
A number of low-cost airlines are flouting EU rules on automatically adding travel insurance when flights are booked.
An investigation by consumer rights group Which? found that easyJet, Jet2 and Monarch continue to automatically add travel insurance policies at the time of booking.
The cost of this extra insurance is between £7 and £10.49 per passenger.
Travellers booking a flight with these airlines have to ...
Airlines flout EU insurance rules
by David Masters
