by Michael J. Boyd…. Forbes Here’s some heresy. The airline industry’s real problems are not fuel-based. Just parking airplanes, reducing capacity and dropping suddenly-unprofitable routes only make a dysfunctional airline system a little smaller. That’s because most carriers have ignored controlling the No. 1 cost metric in the scheduled airline business: minutes. Yes, minutes. That’s […]
If you think it’s getting expensive to fly now in the world of sky-high oil prices, spare a thought for the long-suffering airline shareholder. While American Airlines is charging passengers $15 for their first bag, and British Airways is announcing another rise in its fuel surcharge, those who have invested in airline shares risk losing […]
Frequent air travellers to Greece are in for an expensive surprise as Olympic Airways has issued a hike in air-fares on all flights. The price of jet fuel has risen nearly 60% since the start of the year and the new increases, which range from €5 -€25, have been implemented as of today on all […]
Starting on June 1st, Greece will use only electronic airline tickets, following a decision by the International Air Transport Association. National air carrier Olympic Airlines and Aegean Airlines say they are ready for the change. According to the IATA’s 2008 Corporate Air Travel Survey of 1,000 frequent airline passengers, some 89% prefer e-tickets.
Olympic Airlines is expected to cancel or change 25 scheduled flights today, mostly domestic, as a result of the ongoing action by pilots of propeller planes. More than 10 flights were affected yesterday as the go-slow protest by pilots is set to enter a third week. Passengers are advised to call Olympic Airlines on 210.966.66.66 […]
ATHENS, Greece: Greece’s Olympic Airlines says it is canceling more flights and rescheduling others because of a work-to-rule slowdown by a pilots’ union. The pilots are refusing any work beyond that strictly required by their contracts, and that has forced dozens of flight cancelations over the past 10 days. On Saturday, the majority state-owned airline […]
Pilots on some Olympic Airlines domestic flights continued their go-slow protest yesterday, resulting in the cancellation of 17 flights. The pilots are working a maximum of five hours a day. Further delays and cancellations are expected today. The protest action has already cost OA 120,000 euros in compensation to passengers, which it has been paying […]