News Tag: passenger numbers
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
January 20, 2010
Eurostar, the Cross-Channel rail service, has reported a rise in ticket sales and passenger numbers for the 2009 year.
The train service that links the UK to France and Belgium said sales totalled £675.5 million - a rise of 1.7% compared with 2008.
The service carried 1.2% more passengers in the year, with total traffic growing to more than 9 million ...
Eurostar sales rise despite Christmas travel disruption
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 17, 2009
Budget airline easyJet has posted a severe fall in profits for the full-year to the end of September as a result of rising fuel costs.
The airline posted underlying pre-tax profits of £43.7 million, compared with £123.1 million in the same period a year earlier - a fall of 64.5%
However, the no-frills airline said it expected a "substantial" improvement to profits in ...
easyJet hit by rising fuel costs
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
June 2, 2009
Europe’s largest no-frills airline, Ryanair, has posted its first annual loss, which it attribute to rising fuel costs, lower fares and the write-down on the value of its stake in Irish rival Aer Lingus.
The airline made a net loss for the 12 months to the end of March of €169 million, compared with a profit of €481 million a year ...
Ryanair posts larger loss than expected
by Kay Murchie
