Airline news
Ryanair Warns Weak Bookings Will Drag On Profits
Ryanair could miss its full-year profit forecast following a dip in bookings, it said on Wednesday, blaming growing competition and a drop in the value of the British pound. Shares in the Irish group, which has routinely...
JetBlue Not Interested In Merger, Acquisition
JetBlue Airways, mentioned as a possible takeover candidate if the proposed merger of US Airways and American Airlines collapses, is not interested in a merger or acquisition, its chief executive said. Speaking at the Re...
Alitalia Hires Bankers To Tackle Cash Crisis
Struggling Italian airline Alitalia has hired boutique investment bank Leonardo to help tackle a liquidity crisis that may see it running out of cash before year’s end. The move is aimed at finding ways to raise mo...
Kingfisher Seeks USD$236 Mln. Damages From IAE
A founder group company of grounded Indian carrier Kingfisher Airlines is seeking about USD$236 million in damages from engine-maker International Aero Engines for allegedly supplying “inherently defective” e...
Austrian Air Staff Move To Tyrolean Not Legal
Lufthansa’s 2012 transfer of thousands of staff from its Austrian Airlines unit to the cheaper Tyrolean Airways division was not legal, a Vienna court ruled on Monday. Austrian Airlines said in a statement it would...
Delta, Virgin Atlantic Close To Immunity Approval
Delta Air Lines and Virgin Atlantic Airways are on track to receive immunity from US antitrust laws to operate a planned trans-Atlantic joint venture. In a filing on Friday, the US Department of Transportation said it ha...
