Airline news
US Air Says AMR Merger To Yield USD$1.2 Bln A Year
A merger of bankrupt American Airlines and US Airways would generate at least USD$1.2 billion a year in new value beyond the benefit that could be passed to employees of the combined carrier, the president of US A...
Lufthansa Says No Decision On Job Cuts
Lufthansa said it is still evaluating how many jobs it would cut as part of a cost-saving initiative, in response to a report that Germany’s biggest airline plans to slash about 3,000 administrative jobs. German...
US Airways Posts Net Profit, Loss Ex-Items
US Airways on Wednesday reported a first-quarter loss, excluding items, as fuel costs rose, but said passenger demand was strong as the summer travel season approaches. Net income came to USD$48 million, or 28 cen...
Delta Posts Q1 Loss, Expects Full Year Profit
Delta Air Lines reported a quarterly operating loss, but said it expects profits for the current second quarter and full year despite higher fuel costs. Excluding special items, which amounted to a USD$163 million...
Boeing Delivers First 747-8, To Lufthansa
Lufthansa Boeing 747-8 Intercontinental. Boeing has delivered a 747-8 Intercontinental passenger plane to Lufthansa, the first delivery of the aircraft to an airline customer. The Intercontinental is an upgraded, ...
IAG Sees More Airline Failures, Hails Gulf Rivals
IAG boss Willie Walsh warned of further airline bankruptcies in the coming year and said he envied the economic model of major Gulf carriers that have managed to redraw the aviation map efficiently around the Midd...
