News
Atlas Air Worldwide Reports Solid First-Quarter Earnings, Reaffirms 2012 EPS Expectation
For the three months ended March 31, 2012, adjusted net income attributable to common stockholders totaled $13.6 million, or $0.51 per diluted share, compared with adjusted net income attributable to common stockholders of $12....
SAS Losses Widen On Economy, Fuel Costs
Scandinavian airline SAS posted a first-quarter loss, hurt by a weak economic environment and rocketing jet fuel prices. SAS has been struggling for years with higher costs than no-frills competitors Ryanair and N...
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 ...
