News Tag: IATA
February 5, 2010
British Airways (BA) has today reported a £50 million loss in the three months to December 31 2009, compared with the £122 million it lost in the same period a year earlier.
However, the loss was much less than analysts’ predictions for a £151 million loss.
Meanwhile, the airline posted a surprise £25 million operating profit in the three-month period, against a ...
BA posts £50m loss in Q3
by Kay Murchie
February 2, 2010
The Unite union is in the High Court this week to resolve whether there should be a permanent injunction preventing British Airways (BA) from imposing cost-cutting measures.
Unite previously applied for a High Court injunction to block BA’s plans, but it was unsuccessful .
The airline wants 75% of its crew to accept a pay freeze this year and for 3,000 staff ...
Unite in legal battle with BA
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
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 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
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
September 15, 2009
Japan Airlines (JAL) has announced plans to cut its operating schedule and reduce headcount by almost 7,000.
The loss-making airline said that a total of 6,800 jobs will go as it embarks on a cost-cutting exercise and is making plans for fuel-efficiency and a focus on business customers.
The news comes as there are rumours that several US and ...
Thousands of jobs set to go at Japan Airlines
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
