News Tag: fuel prices
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
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
September 17, 2009
Russian airline Aeroflot has announced to plans to reduce its headcount by 13% - around 2,000 jobs in the next six months.
The airline, which is 51% government owned, said profits had dived amid higher fuel prices and losses at its cargo operations, which declared bankruptcy in June.
Furthermore, the airline hasn‘t ruled out further job cuts.
In July, the airline announced ...
Russian airline Aeroflot to cut 2,000 jobs
by Kay Murchie
