Author Archive
Lufthansa To Cut 3,500 Jobs In Savings Push
Lufthansa has announced plans to cut 3,500 administrative jobs around the world as it tries to return to profitability. “We can only safeguard jobs for the long term and create new openings if we reorganise ...
Danish Airline Cimber Sterling Files For Bankruptcy
Danish no-frills airline Cimber Sterling said on Thursday it has declared bankruptcy after its owners pulled financial support from the company. “Because of this the board of directors has decided to declare...
Malaysia Airlines, AirAsia Drop Share Swap
Malaysia Airlines (MAS) and budget carrier AirAsia have called off a proposed USD$364 million share swap, according to a statement filed to Bursa Malaysia on Wednesday. Prime Minister Najib Razak, who could face n...
Lufthansa Posts Q1 Loss On Fuel Costs
Lufthansa said high fuel costs triggered a bigger than expected first-quarter loss and forecast it might only hit its profit target if costs from a new restructuring plan were excluded. The operating loss for the ...
Monarch Airlines Launch New Flights to Croatia and Crete
Monarch will launch new routes to ‘The Pearl of the Adriatic’, Dubrovnik, in Croatia and Heraklion in Crete. The flights will operate from Birmingham and London Gatwick airports from 1stMay 2012 with fares, includin...
Virgin America Signs Interline Deal With China Airlines
Virgin America, the Californiabased airline, announces a new interline agreement with China Airlines, offering seamless travel on the networks of both carriers across their respective North American and Asian routes. China Ai...
