eDreams Trading Suspended As IAG Withdraws Fares

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Published: October 25, 2014

Shares in online travel agency eDreams ODIGEO dropped 59 percent on the Madrid stock exchange on Friday after British Airways and Iberia said they were withdrawing their fares from three of its websites. Trading in the shares was later suspended by Spain’s stock market regulator. They last changed hands at EUR€1.023 each. The two airlines, […]

Qantas Swings To First Quarter Profit

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Published: October 25, 2014

Qantas returned to underlying profitability in the first three months of the financial year, as it benefited from its strategy of containing capacity. Chief executive Alan Joyce told Qantas’s annual shareholder meeting that passenger loads and profitability were up both domestically and internationally. “Preliminary figures indicate that the group has made an underlying profit before […]

US Doctor With Ebola Went Through Enhanced JFK Screening

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Published: October 25, 2014

The doctor who has been diagnosed with Ebola in New York City arrived at JFK airport on October 17 and went through the ramped-up screening for people arriving from the worst-hit West African countries. The US Centers for Disease Control (CDC) said the patient, who had worked with Ebola patients in Guinea, “participated in the […]

Aena Delays Filing Of USD$10 Bln Share Listing

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Published: October 25, 2014

State-owned Spanish airport operator Aena has postponed the prospectus for its planned USD$ 10 billion stock market listing until next week, after the Madrid bourse regulator said it needed more information. “The operation is moving forward. There is no problem with investor demand,” an Aena official told Reuters news agency, adding that the prospectus would […]

Strikes, Oil Prices In Focus For Europe’s Airlines

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Published: October 25, 2014

Europe’s airlines will feel the full benefits of lower oil prices only next year and third quarter results from Lufthansa and Air France-KLM will show the damage done by recent strikes. After years of painful adjustment to high fuel costs, the recent drop in oil prices may seem like a windfall for airlines but hedging […]

Singapore Still Going Down LCC Route With Tiger

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Published: October 24, 2014

Singapore Airlines is injecting more cash into Tiger Airways, illustrating its resolve to persevere in the low-cost segment after the budget affiliate bowed out of three regional markets. The flag carrier plans to have Tigerair cooperate more closely with its medium- and long-haul budget airline Scoot, people familiar with the company’s strategy said. The aim […]

S.Africa Would Consider Strategic Partner For SAA

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Published: October 24, 2014

South Africa would consider a strategic partner for struggling state-run airline SAA, the minister of public enterprises said, as the government looks for spending cuts. South African Airways, which has received two government bailouts totaling ZAR10 billion rand (USD$ 910 million), was recently rebuffed for another cash injection. “Will we look at a strategic partner? […]

American Airlines Q3 Profit Up 87 Percent

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Published: October 24, 2014

American Airlines’ third-quarter net income rose 87 percent to USD$ 942 million, buoyed by declining fuel costs. Combined American and US Airways net income was USD$ 505 million a year earlier. Revenue for the quarter was USD$ 11.1 billion, up 4.4 percent from a year ago. Total operating expenses increased 3.5 percent to USD$ 9.9 […]

Safran Q3 Revenue Up On Aircraft Demand

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Published: October 23, 2014

Safran’s third-quarter revenue rose 6.8 percent to EUR€3.589 billion (USD$ 4.54 billion), driven by demand for new aircraft. The maker of aero engines, military and security equipment said the commercial aviation market, which has generated record production levels as airlines upgrade their fleets to reduce fuel bills, remained “very active”. Safran said it would easily […]

CSA To Get Korean Air Capital Boost

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Published: October 23, 2014

CSA Czech Airlines has received a commitment for financial support from its biggest shareholder Korean Air and from the Czech state. The Czech carrier said that Korean Air’s support was contingent upon a restructuring plan, the latest attempt to reverse losses that have dogged it since a failed expansion attempt a decade ago. The company […]

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