News
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...
Turkish Air Continues Buyout Talks With LOT
Turkish Airlines chief executive Temel Kotil said on Friday partnership talks with Polish carrier LOT were continuing and no decision had been made regarding pulling out of its joint venture with Bosnia’s BH...
Air France-KLM Core Losses Widen In Q1
Air France-KLM unveiled a wider first-quarter operating loss on Friday as increased passenger traffic failed to compensate for weak international trade and record fuel costs. Operating losses grew to EUR€597 mil...
Qantas Delays Two A380 Deliveries
Australian carrier Qantas is delaying delivery of two Airbus A380s by 3-4 years to help cut capital spending by AUD$400 million (USD$411 million). Delivery of the two A380s, originally intended for early 2013, will be put back ...
IAG May Close bmibaby In September
British airline bmi, which was bought by BA and Iberia owner IAG last month, has begun a consultation process that could see bmibaby cease operations in September, after it failed to find a buyer for the low-cost unit. Bmi comp...
