Author Archive
Air Arabia Q1 Net Rises 11.7 Percent
UAE budget carrier Air Arabia’s quarterly net profit rose 11.7 percent, as an increase in fuel costs was offset by a rise in the number of passengers seeking low-cost flying options. Air Arabia earned a net profit of AED4...
Air Berlin April Passenger Count Down 4.3 Pct
Air Berlin, the German airline partly owned by Gulf carrier Etihad, said passenger numbers fell 4.3 percent in April, although it was able fill more seats on its planes in the month. Germany’s second largest airline after...
Air France-KLM Won’t Back Down On Costs
Air France-KLM on Friday told both unions and the next French government it would not back down on the need for deep cuts in staff costs as it battles low-cost rivals and high fuel prices. Finance Director Philipp...
Fuel Costs, Strikes Hurt Air Canada Results
Air Canada reported a bigger first-quarter loss on Friday, citing higher fuel costs and wildcat strikes by its union workers. Despite the challenges, the Montreal-based company said it was able to make progress in...
Brazil’s Gol Loses USD$21.6 Mln In Quarter
Gol reported a first-quarter loss on Friday as higher fuel and other operating costs offset efforts by Brazil’s second-largest airline to rein in expenses. The São Paulo-based carrier lost a net BRR41.4 mil...
Gol To Cut Back Fleet After Losses
Gol committed to a smaller fleet for the next three years on Friday, as part of a plan by Brazil’s second-largest airline to control costs after posting its third loss in a year. The airline said it was cutt...
