Analysts say rising fuel costs could cause big headaches for airlines. By D.R. STEWART World Staff Writer U.S. airlines, now in a crisis because of jet fuel prices that have risen 100 percent in the past 18 months, may be headed toward a catastrophe, industry analysts and executives say. Although the major air carriers, including […]
FRANKFURT (AFP) — Air Berlin’s spreading wings have been clipped badly by soaring fuel prices and a series of austerity measures may not suffice to keep the German low-cost carrier in the air, analysts say. From November, the second-biggest German airline behind Lufthansa will trim its fleet by 10 percent, cut long-distance services by nearly […]
Ryanair has condemned the EU Commission’s DG Transport for its ongoing politically biased application of the state aid rules. According to Ryanair, DG Transport announced yet another baseless state aid investigation into Ryanair’s agreement with Frankfurt Hahn Airport, an airport privately owned by Fraport. Ryanair stated this is now the 8th politically motivated investigation against […]
Australian Transport Minister Anthony Albanese will meet with EU officials next month to finalize an open skies agreement, the impact of which remains uncertain. Last week, European transport ministers approved a mandate for the European Commission “to negotiate an EU-wide open skies air services agreement with Australia,” Albanese told Australian parliament this week. The agreement […]
By Jonathan Stearns June 17 (Bloomberg) — Antonio Tajani, an Italian who is the European Union’s new transport chief, pledged to act forcefully in leading an EU probe into Italy’s rescue loan for flag carrier Alitalia SpA as he fended off questions about his impartiality. Tajani’s promise comes less than a week after the European […]
By Stephanie Bodoni and Marco Bertacche June 11 (Bloomberg) — The European Union plans to open an investigation of Alitalia SpA’s emergency loan from the Italian government, a development that may complicate the airline’s search for a buyer. One month after Rome-based Alitalia accepted the 300 million-euro ($464 million) injection, the European Commission, the EU’s […]
Discount air carrier Zoom Airlines — the only carrier with trans-Atlantic non-stops between Winnipeg and London — may be running through some turbulence with an insurance company, but it’s their passengers with bookings this summer who may be the ones left with white knuckles. And now Zoom? Read the Max Globetrotting blog While a Canadian-based […]