Mexicana de Aviacion suffered a major setback yesterday when the private equity group that had secured agreements for a restructuring failed to come up with the capital to buy the shares from the curr...
Airlines continue to order new fuel-efficient aircraft that can see them through this decade as soaring oil prices have sent airline stocks into a tailspin across the globe in recent weeks. Oil will g...
Airlines have criticised the coalition government in the UK for slow progress in reforming the controversial Air Passenger Duty (APD). Concerns are growing in the airline industry that promised reform...
Crude breaches $119 in frantic trading! Brent crude had breached $119 a barrel during a period of frantic trading around 0745 GMT as industrial needs were hedged and traders exploited an explosion ...
Willie Walsh, chief executive of International Consolidated Airlines, the company formed by the merger of British Airways and Iberia, has indicated the group would consider adding a low cost discou...
As the Middle East civil unrest continues, European airlines have been hit by a rising oil price and been required to cancelled flights to Libya. Futures for April delivery in New York rose by nearly ...
With Chicago once more under a blanket of snow and freezing conditions closing many airports across the Eastern US, airlines could be forgiven for considering buying snow hedges – yes hedges not sl...
A new cable car crossing over the Thames in London from the 02 Arena to the Royal Docks has received full planning permission and local authority agreement, but it was only yesterday, three years a...
EADS looks set to have a rollercoaster ride on the markets once again in a repeat of the Daimler divestment attempt of 2007/2008. Daimler is reported in German newspaper Frankfurter Allgemeine Zei...
Air India yesterday delayed for the second time payment of salary to all of its 30,000 employees for the month of January. The Indian flag carrier, which had earlier said that the salaries would be...
A program that subsidizes air services to small airports across the USA, often in remote communities, is shaping up as a key testing ground for the newly elected Congress and its aim of shrinking t...
Delta president Edward Bastian, speaking at a conference in the US yesterday, confirmed that the Atlanta-based airline is set to reduce its debt by $7 billion over a three-year period. Fuel costs r...
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