British Airways has said that it will sell additional advertising space on its website and on boarding passes in a move aiming to combat its recent losses. In a statement, the carrier indicated that the decision was related to the “current economic times”. For its financial quarter ended 30 June, the airline
On Wednesday, British Airways reported that its passenger numbers in July rose marginally, by one per cent, year-on-year, while its capacity declined. It also reiterated its warning that full-year prospects remain unchanged. The treasurer and head of investor relations at BA, George Stinnes, told reporters that although July’s figures were positive,
Hong Kong-based Cathay Pacific Airways revealed this week that its revenues for the first half of 2009 dropped by 27.1 per cent, when compared with the same period last year, as the global economic downturn continued to impact passenger and cargo services. A collapse in demand for premium-class air travel was
The British Airways chief executive has warned that he sees "no visible signs of improvement" in the overall airline industry, as the airline reported its first second-quarter loss since it was privatised more than 20 years ago. For the three-month period ended 30 June, the carrier saw a loss of £148
Although other airlines are reporting decreased revenues and are showing losses in the current economic climate, easyJet’s revenue was up by 12 per cent for its third quarter, to £721 million. The budget airline noted that it was on schedule to achieve pre-tax profits for the year ending 30 September, in
By this fall, airline passengers may be facing fewer non-stop services, and higher airfares and airline fees. The reason for this is that for the second consecutive year major carriers in the US have reduced overall capacity, according to the Associated Press. The news service reported: “Earnings reports for the April-June quarter
Ryanair has announced a net profit of 136.5 million euros for the three-month period of April to June, which is an increase of 21 million euros over the same quarter last year. The no-frills airline cited higher passenger numbers and lower fuel prices for the improved performance. The Dublin-based carrier reported
United Airlines has reported that it intends to reduce its international capacity during the last four months of 2009, noting that the seven per cent cut is “an effort to better match supply with demand.” It is believed that the move is also related to the carrier’s £323 million loss for
Only a small number of pilots at Delta Air Lines have opted to retire in the incentive program initiated by the carrier to cut costs, according to a memo released by the union to its members late last week. Of Delta’s 12,379 pilots, around 9,400 were eligible to participate in the
US Airways has announced that it is cutting 600 jobs at airports around the country as it continues to struggle with the impact of the recession. On Tuesday, the carrier said that the largest reduction would involve 340 customer service agents losing their jobs on September 14. Other jobs will be
www.thaiair.com Thai Airways has revealed that although it would like to cancel its order for six Airbus A380s, it will not able to do so due to the financial consequences of such a move. Wallop Bhukkanasut, the chairman of Thai Airways’ executive board, said: “The best option available for us is to
www.britishairways.com British Airways, the third-largest of Europe’s carriers, has revealed that it will continue to reduce capacity, ground aircraft and delay the delivery of new super-jumbo planes as the demand for air travel still shows no real signs of recovery. BA will slash the number of seats available over the summer season,
www.virgin-atlantic.com As many as 600 jobs may be cut at Virgin Atlantic as the airline industry continues to face a “bleak” outlook for its future. The carrier, which recently celebrated its 25th anniversary, has announced a reduction in winter capacity of seven per cent, as compared with the same season last year. Daily