The world airline industry could face another tough year in 2010, with losses expected to hit $5.6 billion in spite of some recovery in passenger and cargo volume. Low yields and rising costs are an ongoing disaster for global airlines, who have already lost $49 billion since 2000, according to the
Airlines from across Europe reacted strongly on Wednesday night to a move in Brussels to force them to set up a compensation fund for passengers left stranded by failed carriers, which they say would be a costly response to an infinitesimally small problem. European Union consumer commissioner, Meglena Kuneva, is expected
Proposed plans by 19 Eurocontrol states to raise fees on over flight routes has been strongly criticised by the International Air Transport Association (IATA), who says that the 2.7 per cent increase will cost its members an extra $360 million next year. Director general and CEO of IATA, Giovanni Bisignani, said
The International Air Transport Association (IATA) has reported a revised forecast for the airline industry that anticipate overall losses for 2008 of USD5.2 billion, based on per-barrel crude oil price averages of USD113, and USD140 for jet fuel. The IATA Director General and CEO, Giovanni Bisignani, commented: "The situation remains bleak.
Airline industry and business leaders are leveling criticism against the U.S. Homeland Security plan requiring millions of visitors to the country to register online a minimum of three days in advance of travel to the U.S. They are saying that the plan will hurt tourism and further damage the reputation
Air passenger traffic in the premium class categories dropped by 0.4 per cent in June, which represents the greatest decrease in 13 months, due to a downturn in the financial markets, according to the comments of an airline trade group. The fall is showing the deteriorating trend in this important, high-yield
A new estimate has shattered every one's attention regarding the carbon dioxide emissions by the airlines and according to this estimate; there is 20% augmentation in the carbon dioxide emission by this so called comfort machines. As the data is concerned it suggests the emissions can touch the ratio between
As British Airways struggles to come to terms with the issue of lost luggage in its new terminal, the rival airlines are all set to launch their new transatlantic services from the Heathrow airport and across Europe. The clear observation until now is that airlines don't operate like normal businesses.
International passenger traffic and air freight transport grew in leaps and bounds in 2007, clearly marking it as a 'Banner Year' for air transport. Two airports - Atlanta and Chicago O'Hare, USA handled close to 90 million and 76 million travelers respectively. Heathrow Airport, London handled 68 million passengers during