• Americas : Northwest blames loss on fuel hedges

    Northwest Airlines reported a thirdquarter net loss of US$317 million, reversed from a US$244 million profit a year earlier, citing a US$410 million noncash charge related to fuel hedging as the reason. Third-quarter revenue rose 12.4 per cent to...... Read More
  • Europe & CIS : Russian gov’t proposals to help carriers

    The Russian government recently presented a series of proposals to help beleaguered airlines, including a suggestion from Transportation Minister Igor Levitin that tariffs on foreign aircraft leased by Russian carriers be abolished if additional domestic aircraft are leased as...... Read More
  • China : Asia-Pac airline association gives dire warning

    Some airlines will not survive the global economic slump, an industry association has warned in Singapore, with the next 12 to 18 months being “extremely difficult” for Asia-Pacific carriers. Passenger numbers are falling as Americans and Europeans curtail travel...... Read More
  • Qantas

    Qantas has admitted its guilt to illegally fixing air cargo freight surcharges to the Australian competition regulator. The airline agreed to pay a A$20 million fine and apologised “unreservedly” for illegally ramping up its freight charges in concert with...... Read More
  • Americas : Continental slides into the red, defers deliveries

    Continental Airlines yesterday reported a third-quarter net loss of US$236 million, reversed from a US$241 million profit a year earlier. The carrier also announced that it has pushed back delivery of 18 aircraft scheduled to arrive over the next...... Read More
  • Europe & CIS : Turkish Air plans 75 aircraft purchase

    Turkish Airlines moved forward with its fleet renewal despite the uncertain airline environment, recently announcing its intention to place an order for 25 widebody and 50 single-aisle aircraft plus 10 widebody and 10 narrowbody options. Requests for proposals will...... Read More
  • China : Aeroflot and China Southern codeshare

    From the launch of the winter flight schedule 2008/2009 SkyTeam alliance partners Aeroflot and China Southern are offering a new connection Urumqi – Moscow – Urumqi. China Southern operates the shared flights three times a week on a Boeing...... Read More
  • Emirates

    Emirates president Tim Clark expressedconfidence that his airline will post a profit in the current financial year ending31 March, “but maybe we won’t be asprofitable as we might like,” he said. Clarksaid EK will take delivery of new aircraft...... Read More
  • Europe/ CIS: Alitalia rescued from death throes

    The last unions holding out against a deal to salvage beleaguered Italian national carrier, Alitalia agreed late last month to a plan which will see the bankrupt airline’s assets to a group of Italian investors. The breakthrough with the...... Read More
  • United Airlines

    UAL Corporation, the holding company whose primary subsidiary is United Airlines, announced that Kathryn Mikells will be named senior vice president and chief financial officer, succeeding Jake Brace, executive vice president and chief financial officer, who is retiring 1...... Read More